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AUD/USD weekly outlook: July 1, 2024
Australia's uncomfortably high inflation report last week means there is a real risk the RBA could now hike rates by 25 basis points (bp) at their August meeting. Not only has the inflation rate been creeping higher this year, but its pace has also accelerated, with headline CPI rising to 4% year-over-year (y/y). The government's recently announced 'cost of living crisis' policies are also inflationary. And while it is debatable whether another hike will actually help reduce inflationary pressures, the RBA may simply want to be seen taking action to try and stem it. It goes without saying that the tone of the meeting ... (full story)
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From financemagnates.com|Jul 1, 2024Australian Securities and Investments Commission (ASIC) has urged Australian Financial Services (AFS) licensees to review and correct information about their financial advisers on ...
From @financialjuice|Jul 1, 2024|1 commentpost: ECB'S NAGEL: GERMANY NEEDS MORE INVESTMENTS TO BOOST ECONOMIC GROWTH. post: ECB'S NAGEL: I SEE SOME RAYS OF HOPE FOR THE GERMAN ECONOMY.Paving Germany’s growth path with investments: removing obstacles, facilitating financing Ladies and gentlemen, I would like to extend my warmest greetings to all of you, the participants of the Frankfurt Euro Finance Summit ! Unfortunately, I cannot be with you today. I still remember the interesting discussions at the conference last year. If I had asked you back then: what do you associate with the attributes sick, hungover, tired ? Would the German economy have come to mind? These kinds of attributions are heard again and again. I think they are too gloomy, but they have sparked an important discussion. In recent months, there has been more discussion than in a long time about the state and future viability of Germany as a business location. It is also on your agenda. And that is a good thing! There are some economic bright spots and the Ge
From destatis.de|Jul 1, 2024The inflation rate in Germany is expected to be +2.2% in June 2024. It is measured as the change in the consumer price index (CPI) compared with the same month a year earlier. ...
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From pmi.spglobal.com|Jul 1, 2024The US manufacturing sector remained in growth territory at the end of the second quarter of the year. Although client demand remained muted and business confidence hit a 19-month ...
From zawya.com|Jul 1, 2024Manufacturing activity in Europe suffered a setback last month but Asian factories enjoyed solid momentum, offering policymakers some hope the region can weather the hit from soft ...
From prnewswire.com|Jul 1, 2024|3 commentsEconomic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation's supply executives in the ...
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- Posted: Jul 1, 2024 9:03am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 3,820
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