The euro weakened against the dollar on Thursday after the European Central Bank (ECB) held interest rates steady, as widely expected. The ECB provided no clear guidance on future rate changes, leaving the market to …
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Australia Jobs Report: Strong Growth But Unemployment Rises
Australia’s job market showed mixed signals in June, with robust employment growth but a slight increase in unemployment, leaving the Reserve Bank of Australia (RBA) with a difficult decision on interest rates. Net employment jumped …
Continue readingUS Retail Sales Steady in June, Signalling Consumer Resilience
The US economy received a boost in June as retail sales remained unchanged, indicating continued consumer spending despite ongoing economic uncertainties. This resilience was particularly encouraging given the decline in auto dealership sales, which was …
Continue readingYen Surges on Intervention Suspicions, Sterling Hits One-Year High Against Dollar
The Japanese yen surged against the US dollar on Wednesday, sparking speculation that Japanese officials intervened to support the currency. The yen has seen several sharp rallies in recent days, recovering from a 38-year low …
Continue readingDow Hits Record High as Rate Cut Bets Fuel Wall Street Surge
Wall Street stocks soared on Tuesday, with the Dow Jones Industrial Average reaching a record closing high, as investors grew optimistic about the Federal Reserve’s potential to begin easing interest rates. Strong retail sales data …
Continue readingMarkets This Week: Trump, Fed, Earnings, and Economic Data to Watch
The week ahead promises a flurry of market-moving events, from political speeches to key economic data releases. Former President Donald Trump will be center stage as he formally accepts the Republican nomination at the Republican …
Continue readingFed Rate Cut Before Election? Recent Data Sparks Speculation
The recent softer-than-expected inflation report has ignited speculation that the Federal Reserve might cut interest rates before the November election. Market analysts point to the decline in both overall and core CPI as evidence that …
Continue readingBitcoin Reacts to JP Morgan CEO’s Inflation Warning: Will It Rise or Fall?
JPMorgan CEO Jamie Dimon’s recent warning about inflation has sparked speculation about its impact on Bitcoin. While Dimon cautioned about persistent inflationary pressures, recent data suggests easing inflation and potential rate cuts, creating conflicting signals …
Continue readingChina’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
Continue readingWall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
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