Labour Day Halts Most Markets Except for Canada and the U.S.
Despite expectations of a rate hike this week, the US stock market continued to surge. The Fed is expected to raise the Fed Funds Rate by 25 basis points, but US bond market pricing indicates that the Fed may pause until November. The Dollar rose after inflation grew at a slower pace in March, and gold ended a notch higher for April. The Yen fell across the board after the Bank of Japan maintained ultra-low interest rates, while WTI closed Friday’s session up 2.7%.
US Dollar Index Advances towards 102.00 on Hawkish Fed Bets and First Republic Woes
The US Dollar Index (DXY) has been in a bullish trend since the beginning of 2023, as it has been supported by the hawkish stance of the Federal Reserve and safe-haven demand amidst market uncertainties. The recent pullback in late Friday’s trading session was quickly reversed during the early hours of Monday, as the market fears surrounding the First Republic bank and the hawkish Fed bets supported the DXY’s safe-haven appeal.
NZD/USD faces resistance above 0.6180 ahead of US ISM PMI and Fed policy: Should You Buy or Sell?
The NZD/USD pair has faced resistance at the critical level of 0.6180, indicating that the market sentiment is bearish. The US Dollar Index has extended its recovery above 101.70, and consistent US consumer spending and a jump in the labor cost index data have advocated for further interest rate hikes from the Fed. These factors suggest that the USD is likely to gain strength against the NZD in the short-term.
AUD/USD Remains Bearish as China and First Republic Bank Weigh on Market
The AUD/USD pair has been in a downtrend since the beginning of April 2023, with the price currently hovering near the key psychological level of 0.6600. The pair has been facing downward pressure due to various factors, including disappointing China activity data, concerns over the First Republic Bank auction, and policy divergence between the Reserve Bank of Australia (RBA) and the US Federal Reserve (Fed).
GBP/USD Approaches 11-Month High Below 1.2600 Ahead of Fed and US NFP
GBP/USD pair is currently on an uptrend, supported by positive news on Brexit, upbeat inflation clues, and hopes of higher Bank of England rates. However, looming fears of the US debt ceiling expiration and recession woes may challenge the US Dollar bulls. Therefore, we recommend a buy signal for the GBP/USD pair with an entry price of around 1.2570, a take profit level of 1.2665, and a stop loss level of 1.2515. Traders are advised to implement proper risk management strategies and monitor the market closely for any potential changes.
Exploring the Intersection of Population Growth and Economic & Social Strength
As the world’s population continues to grow, it’s natural to wonder how this increase will impact our economic and social landscape. In this article, we’ll explore some of the key questions that arise when we look at the pictorial impression of the world population and the potential opportunities that arise from them.