Share: The key event during the Asian session will be the Reserve Bank of Australia meeting, with a rate hike expected. China will release important trade data. Later in the day, Eurostat will release the Producer Price Index. Here is what you need to know on Tuesday, November 7: The US Dollar Index
BoJ Governor Ueda Nikkei is out with a Bank of Japan scoop ahead of Tuesday’s meeting and decision. The Bank of Japan is likely to raise its consumer price index outlook for fiscal 2024 (starting in March) to the 2% growth range at next week’s meeting The current forecast is 1.9% Today’s Tokyo CPI data
It’s not often you see gold up $60, oil up $4, bonds bid and equities beaten up. Generally when it happens, it comes with something geopolitical that was unexpected. That kind of move made sense Monday as the full breadth of the slaughter in Israel was coming into focus. However just hours after the market
Fed’s Powell’s Jackson Hole speech finally came and unlike last year when the speech was short and sweet and to the point, there was little bit of something for everyone : Regarding monetary policy and rate decisions: Prepared to raise rates further if deemed necessary. The next move will be based on data. The Federal
© Reuters. FILE PHOTO: A security man guards in front of a currency exchange bureau advertisement showing image of the U.S. dollar in Cairo, Egypt January 17, 2023. REUTERS/Amr Abdallah Dalsh/File Photo By Patrick Werr CAIRO (Reuters) – Egypt is offering a minimum $5,000 fee for Egyptians living abroad who wish to clear their military