Tue, June 18, 2024
Canada
Economy

Quick Look: Canada’s unemployment rate increased to 6.2%, with 27,000 new jobs

saudi arabian
Economy

Saudi Arabia is planning to balance its state budgets over the medium

Zambia and interesting details
Economy

Countries in different parts of the world are trying to minimize the

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Canada
Economy

Quick Look: Canada’s unemployment rate increased to 6.2%, with 27,000 new jobs

BOJ Bank of Japan title
Forex

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish

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BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation

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FOREX NEWS

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NZD/USD - NZD USD digital trading chart.

NZD/USD Falls to 0.6140 Amid Fed’s Hawkish Stance

Quick Look: NZD/USD continues to decline, driven by a strong US Dollar and hawkish Fed remarks. On June 17, 2024, the pair dropped to 0.6140. Further decline on June 18, 2024, below the 20-day EMA at 0.6130. Fed’s cautious

Euro (EUR) fell before the ECB meeting. What about the dollar?

EUR/USD Forecast: Dollar Rallies as Euro Hits 1-Month Low

Quick Look: ECB’s rate cut and political shifts undermine the EUR as the USD strengthens with easing inflation. Air fell below 1.0700, its lowest in over a month, amid volatile market conditions. Mixed signals with CPI at 3.3% in

BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction

Euro (EUR)

EUR/USD Mid-Day: Neutral Bias at 1.0915 and 1.0718

Quick Look: EUR/USD remains neutral, watching 1.0915 for an upward move and 1.0718 for a downward shift. The pair is adjusting from a high of 1.1274, with 1.0601 and 1.1138 as significant levels.  Noise and choppiness dominate, influenced by

BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction

Mainland Chinese stocks on Thursday

Monetary Policy’s Impact on Investment Strategies

Monetary policy refers to the strategies central banks employ to regulate the amount of money in an economy to foster sustainable economic growth. The Federal Reserve’s monetary policy objectives in the United States include maximising employment, stabilising prices, and

Gold

Gold’s 2024 Surge: 13.5% YTD Increase to $2,400/Oz

Quick Look: Gold (XAU) reached a record high in May 2024, with current prices at $2,400/oz. Inflation concerns and global economic uncertainty drive increased XAU investment. The Fed’s rate cut projections and support levels between $2,295-$2,305 influence XAU prices.

American families and ongoing situation

U.S. Treasury Expands Crypto Sanctions on 300 Entities

Quick Look: On January 12, 2023, the U.S. imposed sanctions on 300 individuals and entities in Russia’s military-industrial complex. Sanctions were applied to Andrey Sudakov of Polyus and Mu Xiaolu of Hong Kong for gold laundering. In May 2023,

BROKER NEWS

BOJ Bank of Japan title

USD/JPY Rises to 157.50 Amid BoJ Diverging Policies

Quick Look: USD/JPY reached 157.50 due to the US Federal Reserve’s hawkish stance. The US maintains high rates (5.25%-5.5%), while BoJ keeps rates at 0%. Possible rate cut in 2024; cautious approach until inflation goals are met. Potential reduction in bond purchases and rate hikes to address yen weakness.

Canada

Canada’s Unemployment Rate Rises to 6.2% in May

Quick Look: Canada’s unemployment rate increased to 6.2%, with 27,000 new jobs added in May. Higher rates contributed to a lower transition from unemployment to employment. Involuntary part-time work rose to 18.2%; youth employment rates declined. Canada’s unemployment rate in May increased slightly to 6.2%, marking a 0.1%

Taiwan and its central bank, AI

AI Demand Drives 10.6% Rise in Taiwan’s Exports

Quick Look: Taiwan’s exports grew by 10.6% in early 2024, driven by AI-optimised consumer electronics. The trade show highlighted AI’s influence on Taiwan’s tech sector, with significant industry participation. Despite positive trade data, Taiwan’s stock market slightly declined, reflecting cautious optimism. Companies like TSMC and AcBel Polytech are

The Russian Central Bank Dropped Interest Rate To 17%

Russian Economy Grows by 3.2% Despite Sanctions in 2024

Quick Look: Russia’s GDP is set to grow by 3.2% in 2024, with inflation rates exceeding 7%. Despite sanctions, Russia has diversified its economic partnerships, focusing on the East and the Global South. Russia has redirected oil exports to China and India, bypassing Western price caps. Gazprom faces

Global stock markets

ECB Plans First Rate Cut in 5 Years to Address Economic Issues

Quick Look: ECB Rate Cut: First reduction since 2019, moving away from a pandemic-era hike strategy. Impact on Borrowing: Expected to lower borrowing costs by 0.25%, aiming to stimulate growth. Economic Indicators: May inflation at 2.6%, core inflation at 2.9%, Q1 growth at 0.3%. Market Effects: Likely euro

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