As investors eagerly await the release of Australian retail sales data, it is important to also keep an eye on industrial profit figures from China. With China being a major trading partner of Australia, any signs of weakening industrial profits in China could adversely affect the demand for the Aussie dollar. A decrease in industrial
Forecasts
The statement that “Business price-setting behaviors are shifting amid intensified upward pressures on wages” raises crucial questions about the current economic environment. The need for a comprehensive analysis to investigate whether this phenomenon will spread further is evident. It is essential to delve deeper into the implications of such changes and their potential impact on
When considering any financial decision, it is crucial to conduct thorough due diligence. The content provided on websites should be used for educational and research purposes only. Do not solely rely on the information without consulting with your competent advisors and applying your own discretion. It is essential to understand the risks involved and make
In the world of finance, it is crucial to conduct thorough research and due diligence before making any investment decisions. The information provided on various websites, including general news, personal analysis, and opinions, should be viewed with skepticism. It is important to remember that this content is often geared towards educational and research purposes only,
The resilience of the Australian labor market is posing a challenge for lower inflation rates. The recent Consumer Price Index (CPI) print may have shown annual inflation in line with expectations, but it is becoming increasingly difficult for inflation to decrease further when services inflation, boosted by the strong jobs market, remains high. Additionally, annual
The US dollar is in the spotlight this week as investors eagerly await news on potential Fed rate cuts. With talks of a US hard economic landing looming, all eyes are on the upcoming FOMC Meeting Minutes scheduled for August 21. Any hints on the US economic outlook, labor market conditions, and future rate adjustments
The Dollar Index (DXY) is currently trading at $102.911, experiencing a slight decrease of 0.06% for the day. Recently, the index retraced to the 38.2% Fibonacci level at $103.039, resulting in the formation of a bearish engulfing candle on the 4-hour chart. This indicates the possibility of a further downward correction. The presence of the
The content provided on financial websites often includes general news, personal analysis, and opinions intended for educational and research purposes. However, it is concerning that these articles may not always be clear in stating that they are not giving specific recommendations or advice. This lack of clarity can lead readers to make hasty financial decisions
The US Retail Sales data has a significant impact on the market trends, especially on the USD/JPY pair. With the recent US CPI Report highlighting a bounce back in core services inflation, it has shifted the focus to the US labor market data and the overall US economy. This shift in focus has implications for