“Overlooked green shoots” for China – improving growth seen ahead
In summary from analysts at Invesco Asia Trust on their outlook for China. Say that factors leading to ingrained pessimism on the economy include: faltering demand in the property market…
Read More »Swiss data in focus in the session ahead
The dollar is keeping in a decent spot to start the day, with risk sentiment a little more sluggish to start the month. S&P 500 futures are down 0.2% and…
Read More »North American holiday to dampen the mood to start the week
That will sap quite a bit of energy from markets to kick start the new week at least. But it’s a brand new month and we’re already in September now…
Read More »Forexlive Americas FX news wrap: US dollar strengthens despite slightly cooler PCE report
US July core PCE +2.6% y/y vs +2.7% expected OPEC+ is likely to proceed with a planned gradual production increase from Oct — report US August UMich final consumer sentiment…
Read More »NZDUSD tests close to 0.63 after earlier NZ data
The NZD is on another run higher this morning, testing close to the 0.63 psychological level. The NZD has caught many by surprise after the currency failed to push lower…
Read More »Australia’s S&P/ASX 200 index opened down -0.28% at 8048.50
Australia’s S&P/ASX 200 and exit opening to -0.28% at 8048.50. Yesterday the index moved lower initially but then rebounded into the close closing little changed on the day. This article…
Read More »IMF chief economist says Bank of Japan rate hikes a good development for Japan
IMF chief economist Pierre-Olivier Gourinchas spoke in an interview with Reuters at the Jackson Hole annual economic symposium on Friday. Saud the BoJ can continue to raise rates gradually, a…
Read More »USD/JPY nudges back above 146.00 mark in back and forth trading today
The bounce comes as buyers look to be holding at the 145.00 mark, at least for the time being. That being said, even with the push back above 146.00, it…
Read More »PBOC is expected to set the USD/CNY reference rate at 7.1317 – Reuters estimate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the…
Read More »SOL price prediction in crypto: The balanced, realistic, unbiased outlook
Solana (SOL) price prediction: Bullish vs. bearish scenarios for the future value of SOL The Solana (SOL) cryptocurrency has been one of the most talked-about assets in the crypto space,…
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