No Respite for Aussie after Reserved China Rate Cut

[ad_1] AUD/USD ANALYSIS & TALKING POINTS Lack of Chinese stimulus weighs on Aussie dollar. RBA’s higher for longer > Federal Reserve. Turnaround or continuation for AUD/USD? Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading at extreme levels this Monday as the PBoC decided to modestly

Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low

[ad_1] Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Charts and Analysis ​​​FTSE 100 stabilises at support ​Following six consecutive days of falling prices, the FTSE 100 managed to find support between its March and July lows at 7,216 last week and is little changed on Monday morning as

GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations

[ad_1] Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support

Asia FX weakens on U.S. rate hike fears, China gloom By Investing.com

[ad_1] © Reuters. Investing.com — Most Asian currencies fell on Wednesday as strong U.S. economic readings raised concerns over the Federal Reserve having enough room to keep raising interest rates, while weak economic trends in China also dented sentiment.  Data on Tuesday showed that U.S. grew more than expected in July, presenting more upside risks

More from the RBNZ: Estimate of nominal neural cash rate has increased 25bp

[ad_1] Minutes from the Reserve Bank of New Zealand meeting: Committee noted inflation is still expected to decline within the target band by the second half of 2024 Committee agreed that the risks around the inflation projection remain balanced Committee noted that the estimate of the nominal neutral OCR has increased by 25 basis points