The release of the November PCI index by the US Bureau of Economic Analysis has caught the attention of investors as it serves as a key measure of inflation for the Federal Reserve. However, the report presented some unexpected findings that have left economists and market participants questioning the future course of action. Let’s delve
Forecasts
The U.S. Dollar Index has recently tested new lows due to the decline in the PCE Price Index. According to the latest report, the index fell from 2.9% in October to 2.6% in November. This downward trend has raised concerns among traders, leading to a decrease in the value of the American currency. However, the
The euro has demonstrated its strength this week by reaching the significant 1.10 level against the US dollar. This level is psychologically significant and is also marked by the 200-Week EMA, making it an important area to watch. Despite concerns about liquidity during the upcoming holiday season, it is increasingly evident that any short-term pullbacks
The Bank of Japan (BoJ) is expected to shift away from its ultra-loose monetary policy, but uncertainty remains regarding the timing of this move. Currently, the silence from the BoJ suggests that monetary policy will remain unchanged in January and possibly through the first quarter of 2024. A recent Reuters Poll revealed that 80% of
Gold futures have recently experienced a decline of 0.51%, equivalent to a decrease of $10.40. Interestingly, this decline is larger in percentage terms compared to the gains witnessed in the dollar. It is crucial to understand the inverse correlation between the strength or weakness of the dollar and the rise or fall of gold prices.
The relationship between China and Australia plays a crucial role in the Australian economy and the value of the Australian dollar (AUD). With China accounting for one-third of Australian exports, any changes in demand from China can have significant implications. In this article, we will examine how increased demand from China could be a boon
The US dollar experienced a slight retreat in Wednesday’s trading session as it encountered resistance at the 200-Day EMA. This market is characterized by turbulent behavior, attributed to the struggle of determining which central bank to follow. While the United States central bank has indicated potential rate cuts in 2024, the Bank of Japan failed