Tue, March 19, 2024

economy

The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10

Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan.  The trading session involving …

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The Black Swan Housing Market Crash Explained.

The Black Swan Housing Market Crash Explained

A Black Swan event refers to an unpredictable occurrence that is beyond what is normally expected of a situation and has potentially severe consequences. Black Swan events are characterized by their extreme rarity, their severe impact, and the widespread insistence they were obvious in hindsight. What about the Black Swan housing market crash?  Let’s start …

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4xincome scam review

Key Strategies to Boost Passive Income in 2024

In today’s rapidly evolving economic landscape, pursuing passive income has become more crucial than ever. With traditional employment uncertain and the cost of living increasing, establishing reliable passive income streams has become a strategic approach to financial security and independence. In this article, we will explore key strategies for boosting passive income in 2024 and …

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South Korea

South Korea’s Corp Reform: A Battle Against the Discount

Quick Look South Korea introduces the Corporate Value-up Programme to mitigate the “Korea Discount” and stimulate stock market valuations. The National Pension Service (NPS), the world’s third-largest pension fund, awaits details to adjust asset allocation. Comparisons with Japan’s market reforms spotlight potential benefits and investor scepticism regarding South Korea’s approach. Legal leniency towards chaebols and …

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move

Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support levels identified. Upcoming US retail sales data and Fed’s policy meeting to play critical roles in …

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Japanese Yen rallied against U.S. Dollar

USD/JPY Plunges to 146.50: Economic Shifts in Focus

Quick Look USD/JPY fell from 150.50 to 146.50, marking a significant drop. Soft U.S. economic data fuels speculation on Fed rate cuts. BoJ’s upcoming meeting could tighten monetary policy. The historical average suggests a possible reversion for USD/JPY. Market sentiment shows a bearish outlook, with 67% of traders short on USD/JPY. Last week, the USD/JPY …

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US

The U.S.: Feb CPI Growth 0.4%, Job Adds Hit 275K

Quick Look February’s Consumer Price Index is about to rise by 0.4%, indicating an annual inflation rate of 3.1%. Core CPI, excluding gas and food, may decrease slightly from January’s figure. The Producer Price Index will show a marginal increase, reflecting ongoing inflation pressures. Federal Reserve Bank of Atlanta projects a 2.5% annual growth rate …

The U.S.: Feb CPI Growth 0.4%, Job Adds Hit 275K Read More »

AUD/USD - The Greenback: US dollar and Australian dollar banknotes.

2024 AUD/USD: Rebounds Above 0.6800 Amid Trade Strength

Quick Look AUD/USD is currently above 0.6800, showcasing a strong position. Powell’s testimony hinted at potential interest rate cuts that could bolster the AUD/USD pair. Trade data indicates robust exports, contributing to the boost in the Australian dollar. High gold prices support the currency’s appreciation. Technical analysis suggests a cautious outlook with the potential for …

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reserve bank of Australia

Australia’s GDP Growth: A 2023 Q4 Analysis

Quick Look GDP grows by 0.2% in December Quarter 2023, matching economists’ predictions. Annual Australia’s GDP Growth Rate hits 1.5%, aligning with expectations. Export growth and reduced imports boost the economy, while company stock reductions hinder. The household savings ratio rises after two years. Projections indicate a slowdown in GDP growth, with potential recovery by …

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USD to CNY: Chinese yuan and US dollar bills

Yuan’s Leap: Top 8 to Top 5 in Global Trade?

Quick Look Chinese yuan (CNY) ranks eighth in global currency trade, potentially top five due to underreporting. Included in IMF reserve currencies list since 2016, bolstering international usage. Significant loans through the Belt and Road Initiative are denominated in CNY. China’s strategic shift to a consumption and service-oriented economy underlines CNY stability. The Chinese yuan’s …

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U.S. Dollar Drops Against the Swiss Franc and Japanese Yen

Swiss Franc Climbs Amid Rising Inflation Data

Quick Look The Swiss Franc strengthens against major currencies, marking a recovery in European trade. SNB shifts policy focus, reducing the emphasis on franc strength to counter inflation. USD/CHF exchange rate declines, influenced by technical resistance and inflation data. February’s CPI data surpasses expectations, indicating persistent inflationary pressures. Market sentiment on CHF dampens despite positive …

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Dips to 0.6100 Amid 7.8% Trade Deficit

Quick Look NZD/USD dips to near 0.6100, impacted by a stable US Dollar and New Zealand’s larger-than-expected trade deficit. New Zealand’s economic indicators show mixed signals; consumer confidence rises while policy normalization is eyed for 2025. US economic indicators present a slowdown, with manufacturing PMI and consumer sentiment declining. The market anticipates the Federal Reserve’s …

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