© Reuters. Economic strategists anticipate a potential resurgence of Thailand’s national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end of
Japanese markets are closed for a holiday today. This will sap some liquidity for FX markets and also shut cash US Treasury trade. Apart from that, it’s a thin calendar also, will little here to move around major forex rates: This snapshot from the ForexLive economic data calendar, access it here. The times in the
Not just China and the US, but Europe too The great scramble for the global car market is underway and it looks like China will win. Last year China unleashed a carefully planned ramp up in EV production from the ground up, including an entirely domestic battery industry that also holds 70% of global market
The Australian labour market has been strong despite the most recent numbers, for July, indicating a decline in jobs. A bounce nack is expected in the August figures coming up today. If this expected rebound doesn’t happen it’ll be taken as a poor sign indeed for the jobs outlook. This snapshot from the ForexLive economic
Happy Monday. The Fed blackout went into effect on Saturday but we did hear from Nick Timiraos, who wrote what everyone already knows: That a pause is coming in Sept and that some officials see risks as balanced while others are still hawkish. I wouldn’t expect any of those opinions to shift today with a
Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on
Share: Pound Sterling finds an intermediate support, but the downside seems favored amid global uncertainty. BoE Dhingra warned that further tightening could hurt the UK economy. Investors shift focus to the July Employment data, which will be released on Tuesday. The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential
USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Forex for Beginners Most Read: EURO Forecast: EUR/USD, EUR/GBP Eye Reprieve Following Testing Week The Yen looked to pare back some losses this morning following the release of the updated Economic outlook by the Japanese Government. This was followed by further attempts from Chinese authorities to
Share: GBP/USD falls 0.18%, as concerns over global business activity and China’s real estate market woes fuel a risk-off environment. US Dollar Index (DXY) advances 0.19% to around two-month highs, buoyed by Powell’s hawkish remarks on inflation and rate hikes at Jackson Hole. Mixed US economic data, including lower-than-expected Initial Jobless Claims, adds
2/2 © Reuters. FILE PHOTO: President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia’s Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2 2/2 By Rachel Savage and Karin Strohecker JOHANNESBURG/LONDON (Reuters) – The
