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AUD/USD Extends Rally As Buyers’ Eye 0.6700 Ahead Of Aussie’s Job Data
Article By:
Christian Borjon Valencia
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Wednesday, May 15, 2024 8:45 PM EDT
The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation moderated in April, with the underlying Consumer Price Index (CPI) edging lower for the first time in six months.
EUR/USD Reaches For 1.0900, Easing US CPI Inflation Pummels Greenback
Article By:
Joshua Gibson
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Wednesday, May 15, 2024 8:25 PM EDT
EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week.
Rates Spark: Yields Remain Vulnerable To A Reversion Higher Ahead
Article By:
ING Economics
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Wednesday, May 15, 2024 4:45 PM EDT
U.S. CPI came in at consensus, averting a scare that the number would turn out higher. Retail sales came in significantly weaker than expected, bringing down yields.
China Holds MLF Rate At 2.50%, Eyes Economic Stability
Article By:
Finance Brokerage
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Wednesday, May 15, 2024 1:13 PM EDT
China’s central bank, the People’s Bank of China, has decided to maintain its key policy rate. The medium-term lending facility (MLF) rate is at 2.50% as it rolls over maturing MLF loans worth 125 billion yuan ($17.28 billion).
In this article: GXC
Why A Rate-Cutting ECB Won’t Be Too Worried About The Euro
Video By:
ING Economics
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Wednesday, May 15, 2024 1:02 PM EDT
Markets expect the European Central Bank to start cutting interest rates next month.
In this video: EZU
GBP/USD Analysis: Uptrend Remains Cautious
Article By:
Mahmoud Abdallah
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Wednesday, May 15, 2024 10:58 AM EDT
According to Forex market trading, the pound sterling briefly dipped before recovering to around $1.25 as traders digested recent labor data and monetary policy expectations.
Asian Stock: Sri Trang Agro-Industry
Article By:
Andrew Stotz
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Wednesday, May 15, 2024 10:20 AM EDT
Sri Trang Agro-Industry Public Company Limited is an integrated rubber producer. Its operation extends from plantation to processing to manufacture of rubber and its supply makes up 10% of global rubber consumption.
GBP/USD Price Analysis: Dollar Softens Post PPI, Eyes On CPI
Article By:
Yohay Elam
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Wednesday, May 15, 2024 9:30 AM EDT
The US released hotter-than-expected Producer Price Index (PPI) figures. Investors expect only 44 basis points of Fed rate cuts in 2024. British wages minus bonuses grew by 6.0% in the first quarter of 2024.
Elliott Wave Technical Forecast: Unlocking ASX Trading Success: Northern Star Resources Ltd.
Article By:
Peter Mathers
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Wednesday, May 15, 2024 8:02 AM EDT
The analysis aims to provide readers with insights into the current market trends and how to capitalize on them effectively.
Eurozone Industrial Production Increases In March
Article By:
ING Economics
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Wednesday, May 15, 2024 7:38 AM EDT
The 0.6% month-on-month increase was strongly driven by a jump in the notoriously volatile Irish production figure. Production seems to be tentatively bottoming out at the moment, with a modest recovery expected in the second half of the year.
Japanese Market Commentary - Wednesday, May 15
Article By:
James Harte
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Wednesday, May 15, 2024 7:12 AM EDT
The rally in USDJPY has stalled for now into a test of the 156.18 level.
Biden Quadruples Tariffs On China EVs, Batteries
Article By:
ESG Today
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Wednesday, May 15, 2024 6:50 AM EDT
Biden announced a broad series of tariffs on goods imported from China, including several categories of products central to the U.S.’ clean energy transition strategy, such as electric vehicles, batteries and battery materials, and solar cells.