Australia posted a seasonally adjusted merchandise trade surplus of A$5.085 billion in December, the Australian Bureau of Statistics said on Thursday. That was shy of expectations for A$6.560 billion and was down from the downwardly revised A$6.792 billion in November (originally A$7.079 billion) Exports were up 1.1 percent on month to A$44.027 billion, driven by […]
Earlier: ** People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed’s ability to accomplish its task of bringing inflation down to 2%. Key highlights If inflation rises or progress stalls, US central bank
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Stock heatmap by FinViz.com Wed, 05 Feb 2025 14:46:09 GMT Tech sector tumbles: Nvidia shines as Google slides In today’s dynamic trading environment, the U.S. stock market experienced contrasting movements, with significant fluctuations observed across various sectors. The tech sector, in particular, is under the spotlight, revealing some fascinating trends and insights for investors. 📉
Dollar remains on the backfoot in early US session, despite the strong ADP private employment report. The data highlights continued resilience in the labor market, with services-driven job growth and sustained wage pressures. While this should theoretically reinforce the case for Fed to maintain its pause in easing for longer, traders appear reluctant to react
2025.02.05 2025.02.05 (DASH) Dash Price Prediction for 2025, 2026, 2027–2030 and Beyond Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Dash (DSH) is a prominent cryptocurrency that has garnered the attention of investors due to its high transaction speed and privacy features. Since its inception in 2014, Dash has undergone several substantial upgrades. Despite its inherent price volatility, the cryptocurrency maintains
USD/CAD falls sharply below 1.4300 as the Canadian Dollar continues to advance on US President Trump’s decision to postpone tariffs on Canada. BofA expects US tariff threats to China will continue to persist until a new USMCA deal gets negotiated. Investors await the US ISM Services PMI and the ADP Employment data for December. The USD/CAD
5-year and 10-year US breakeven inflation rates have just staged a major bullish breakout from a two-year plus of basing formation. Trade War 2.0 involves the US and other major trading partners that may disrupt international trade and dampen global economic growth. The resurgence of stagflation risk has triggered bullish movements on Gold (XAU/USD). Watch
Data revealed solid wage growth in Japan in December. Market participants are pricing 30-bps of BoJ rate hikes by the end of this year. The yen strengthened due to safe-haven demand amid fears of a trade war between the US and China. The USD/JPY price analysis shows a strong yen with rising expectations for Bank
Japanese Yen gained significant ground in the Asian session, supported by stronger-than-expected nominal wage growth, which bolstered the likelihood of further BoJ rate hikes. Additionally, continued rise in real wages for the second consecutive month, despite being largely driven by seasonal bonuses, adds to the argument that wage pressures could help sustain inflation near the
Japan economy minister Akazawa: Govt’s focus is to eradicate Japan’s deflationary mindset With ambitious goal to boost minimum wages, govt is trying to eradicate deflationary mindset This article was written by Eamonn Sheridan at www.forexlive.com. Source link
2025.02.03 2025.02.05 Economic Calendar for the Week 10.02.2025 – 16.02.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Markets are grappling with uncertainty as the US economy shows signs of deceleration, even as the labor market remains steady. At the same time, predictions regarding the US Fed’s monetary policy and headlines involving Trump continue to stir market volatility. Last week was
Japan Jibun Bank Services PMI came in at 53, above forecasts (52.7) in January Source link
