TAG: yahoo-feed
France: Higher-than-expected 2023 Deficit Tests Fiscal Targets
Rebuilding France’s (rated by Scope Ratings AA/Negative Outlook) fiscal buffers is more difficult because of the higher-than-expected budget deficit of 5.5% of GDP in 2023, exceeding government projections of 4.9%. This deviation reflects an excess defici...
6 months ago
AUD/USD Forecast – Aussie Continues to Consolidate in Huge Range
Australian Dollar vs US Dollar Technical AnalysisYou can see that we have rallied a little bit during the trading session here on Tuesday, but really at this point in time, not a lot to see here. We are still very much in a consolidation phase. So, most t...
6 months ago
USD/JPY Forecast – US Dollar Continues to Levitate
US Dollar vs Japanese Yen Technical AnalysisThe dollar-yen has gone back and forth during the course of the trading session in the early hours of Tuesday, as we continue to look at the 152-yen level with great interest. This is an area that obviously has...
6 months ago
Global Interest Rate Decisions: A Week of Central Bank Action (or Inaction)
Still, this week promises to be interesting for global monetary policy, as traders and investors will be looking for clues on when interest rates might be going down.As expected in our previous article, the Swiss National Bank (SNB) and the Bank of Japan...
6 months ago
Octa’s Review Of Upcoming Central Bank Decisions
The monetary policies of central banks determine exchange rates. Therefore, the market pays close attention whenever a central bank holds another meeting and changes its monetary policy. Three central banks—the Reserve Bank of New Zealand (RBNZ), the Bank...
6 months ago
AUD/USD Forecast – Australian Dollar Remains in Consolidation
Australian Dollar vs US Dollar Technical AnalysisTaking a look at the Aussie dollar it looks like we’re just going to continue to go back and forth at this point and that does make a certain amount of sense considering that the market is right in the midd...
6 months ago
Octa’s Research: Inflation in the U.S. is Still a Concern
The U.S. Bureau of Labor Statistics will release the Consumer Price Index (CPI) report on Wednesday, 10 April.The latest U.S. inflation report showed that rising prices continue to pressure U.S. consumers. The annual consumer inflation in February 2024 ti...
6 months ago
USD/JPY Forecast – US Dollar Continues to Pressure Yen
US Dollar vs Japanese Yen Technical AnalysisAs you can see the 152 yen level is an area that we continue to pay close attention to. As it has been like a brick wall, I have a sneaking suspicion that the Bank of Japan is intervening quietly behind the scen...
6 months ago
AUD/USD Forecast – Aussie Continues to Consolidate Overall
Australian Dollar vs US Dollar Technical AnalysisThe Aussie dollar has been rallying again early during the trading session on Tuesday as it looks like we’re trying to get to the 0.6650 level eventually. With that being said, it’s worth noting that the CP...
6 months ago
USD/JPY Forecast – US Dollar Continues to Consolidate Under Resistance
US Dollar vs Japanese Yen Technical AnalysisAt this point, it looks like the 152 yen level is an area that a lot of people will be paying close attention to as we continue to pressure this level, which of course has offered quite a bit of a barrier. If we...
6 months ago
Japan: Improved Inflation And Positive Effects For Debt Sustainability Underpin Stable Outlook
The Stable Outlook reflects a balanced view of risks to the rating agency’s assessment for Japan over the next 12-18 months. Japan’s long-term issuer and senior unsecured debt ratings in local and foreign-currency were affirmed at A. The local and foreign...
6 months ago
USD/JPY Forecast – US Dollar Continues to Pressure The Resistance Barrier
US Dollar vs Japanese Yen Technical AnalysisYou can see that the dollar yen has shown itself to be resilient in the sense that we continue to hang around the 152 yen level. And this point in time, it looks very much like a market that is building up press...
6 months ago
AUD/USD Forecast – Aussie Plunges After Hotter Than Expected CPI
Australian Dollar vs US Dollar Technical AnalysisYou can see that we had plunged after the CPI numbers came out in America, much hotter than anticipated. That being said, it’s probably worth noting that we were in extreme resistance anyway, so I think we...
6 months ago
Red Sea Tensions: Current Situation And Long-term Impact On Oil And Shares
The importance of the Red Sea for the global economy can’t be overestimated. Nowadays, it’s the shortest and the cheapest trade route between Europe and Asia. According to the Joint Statement of the White House, around 15% of global maritime trade went th...
6 months ago