Main Points AUD/USD continued losses and transacted beneath the 0.6750 support A major bearish trend line is set up with […]
Main Points AUD/USD continued losses and transacted beneath the 0.6750 support A major bearish trend line is set up with […]
What opened the core that drove the Australian labour market towards a full recovery pattern is strongly tied to productivity gains, strong institutions, and robust economic fundamentals
Last month, the Bank of Canada signaled that it could hike its interest rates as soon as April 2022. In its deliberation, due to high energy prices and supply chain bottlenecks, they speculated that inflation would stay above 4.8% target in the long-term next year and then ease to 2.1% in the fourth quarter of 2022. In response to the hawkish statement, the Canadian Dollar gained higher at 0.4% against the US Dollar(greenback).
The Australian economy has remained resilient in the pandemic phase despite the global sharp growth decline. Since the recession hit, the Australian Dollar has maintained ground, outperforming many other currencies by smashing a series of multi-month highs.
Ahead of the Federal Oder Market Committee (FOMC) meeting on the monetary policy review today by 7 pm (GMT + 1), the US Dollar experienced a mixed performance but resolved and it’s gaining with acceleration to the upside.
Short-term interest rates are a paramount factor in currency valuation. This is highly correlated with the economic outlook because its changes can affect both inflation and recession.
The European Main Refinancing Rate is the interest rate banks pay when they borrow money from the European Central Bank (ECB) for one week. This operation provides a bulk of liquidity to the banking system. Short-term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can impact both inflation and recession.
The Cash Rate is the interest rate that the Reserve Bank of Australia (RBA) charges commercial banks for a loan. This operation provides a bulk of liquidity to the banking system. Short term interest rates are the paramount factor in currency valuation as it is highly correlated with the economic outlook because its changes can have an impact on both inflation and recession
Retail is an economic indicator that tracks consumer demand for finished goods by measuring purchases of durable and non-durable goods over a defined period of time. It is the primary gauge of consumer spending; an accurate measure of retail sales is vital for gauging the economic health of the United Kingdom because consumer spending accounts for the majority of the overall economic activity. Data on retail sales is compiled once a month by the office for national statistics.
Retail sale is an economic indicator that tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time. An accurate measure of retail sales is vital for gauging the economic health of the United States because consumer spending accounts for two-thirds of gross domestic product (GDP). Data on retail sales is compiled once a month by the U.S Bureau of the census.
Promises of job creation, national debt reduction and the creation of a strong national economy are more often than not the bedrock of election campaigns by politicians bidding for elected positions.
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