Foreign Exchange School
Australia Exchange data shows that it is not easy for the pound to rise! The UK economy grew faster than expected in June, which may not attract too much attention from the Bank of England
The UK economy grew faster than expected at 0.5 per cent in June, helping to push the economy to 0.2 per cent in the second quarter, but analysts are divided over the impact of the figures on the months ahead. June's growth was boosted by strong performance in production sectors, including manufacturing, and warmer weather that drew some people to pubs and restaurants. The figure was also inflated compared with May, when there was an extra bank holiday to celebrate the king's visit.
AusForex's six major institutions look forward to the UK's economic prospects, why are there still different views?
The UK recorded economic growth in June and Q2, and analysts and economists are divided on the country's economic growth prospects. This article lists the views of six institutions, including Barclays. The UK recorded economic growth in June and Q2, and analysts and economists are divided on the country's economic growth prospects. Here are the views recently released by the six major institutions, as follows: 1. Samuel Tombs, Chief UK Economist at Pantheon Macroeconomics:...
Australia Exchange Investment's key data and major events on August 15
On August 15, key data to pay attention to: Japan's quarterly adjusted real GDP in the second quarter, China's annual rate of total retail sales in July, the Eurozone and Germany's August ZEW economic sentiment index, the United States' July import price index monthly rate and retail sales monthly rate, Canada's July CPI annual rate, Canada's July central bank core CPI annual rate. Major events to pay attention to include the release of the Reserve Bank of Australia's August monetary policy meeting notes, APEC energy ministers...
Ausforex August 14 short-term operation guide for major currencies
From a technical point of view, the US index rose below 102.95 last Friday and fell above 102.40, which means that the dollar may continue to decline after its short-term rise. If the US index rises below 103.05 today, the target for the future decline will point to between 102.50 and 102.25. Today, the US index's short-term resistance is at 103.00--103.05, and the short-term important resistance is at 103.20--...
Australia Exchange Investment's key data and major events on August 14
On August 14, key data that investors need to pay attention to: Canada's national economic confidence index as of August 11, Canada's second quarter loan personnel change quarterly rate - central bank survey. 14:00 Germany's July wholesale price index annual rate (%), previous value -2.9, expected value --, announced value: to be released 14:00 Germany's July wholesale price index monthly rate (%), previous value -0.2, expected value --...
Ausforex August 14 financial breakfast: focus on the Fed meeting notes, pay attention to the New Zealand Fed interest rate decision
On August 14, this week focused on the Federal Reserve's monetary policy meeting notes. Last week's economic data weakened the Federal Reserve's further interest rate hike bets. This week, while following the meeting notes, we followed the speeches of Federal Reserve officials to seek more interest rate direction signals. In addition, we followed the New Zealand Fed's interest rate decision. The APEC Energy Ministers' Meeting was held. Beijing time on Monday (August 14), this week focused on the Federal Reserve's monetary policy notes meeting. Last week's economic...
Australian exchange foreign exchange trading reminder: the United States and Japan resume the rally and may hit a new high this year, the Bank of England interest rate hike expectations cooled, institutions bearish sterling
The dollar index fell on Wednesday, trading quietly and in range, and finally closed down 0.04% at 102.50. Investment banks such as BNP Paribas predict that the Bank of England will raise interest rates by just 25 basis points, bearish on the pound. The head of global research at FOREX.com and City Index said that the United States and Japan have resumed their gains so far this year and could soon hit a new high for the year in 2023, especially if the U.S. CPI report is higher than expected. North...
Australian Exchange Financial Breakfast on August 10: Gold prices hit their lowest level in nearly a month, as investors await the release of the US inflation report
On August 10, the dollar fell on Wednesday, trading was calm and in range. Investors waited for Thursday's U.S. consumer price report to find signs on the direction of the Federal Reserve's monetary policy. Gold prices fell. Oil prices hit a new high in several months, and global benchmark Brent crude oil futures hit their highest since January. After the U.S. refined oil inventories fell sharply, Saudi Arabia and Russia cut production to overshadow concerns about slowing demand. Beijing time on Thursday (August 10), the dollar fell on Wednesday, trading...
On August 10, 2023, the China Foreign Exchange Trading Center was authorized to announce the central parity rate of the RMB exchange rate
The People's Bank of China authorized the China Foreign Exchange Trading Center to announce that on August 10, 2023, the central parity rate of the RMB exchange rate in the interbank foreign exchange market was 7.1576 yuan for 1 US dollar, 7.8963 yuan for 1 euro, 5.0135 yuan for 100 yen, 0.91535 yuan for 1 Hong Kong dollar, 9.1517 yuan for 1 pound, 4.7049 yuan for 1 Australian dollar, and 4.7049 yuan for 1 New Zealand dollar.
Sterling remains in a bullish trend against the dollar, with technical indicators showing a cautious trend
Buyers are still in control of the market and any potential pullback should attract more buying interest. The 50-day moving averages and 200-day moving averages, as well as important trend lines that have previously proven crucial, are good buying positions. The market is likely to see a sustained sustained ascending channel, targeting the level above 1.30. The pound has been fluctuating near the 50-day moving average this week. Market participants are keeping a close watch on the 1.2650 level for...
Australian exchange investment, the pound against the US short-term support at 1.2627, this week's data will affect the trend?
On August 7, James Skinner wrote that entering the new week, the pound against the dollar is supported in the short term around 1.2627, and the exchange rate is well balanced near the middle of the medium-term equilibrium range (1.20 - 1.33), but the short-term outlook depends on the market's interest in carry trades, as well as the UK economic growth data released on Friday. The pound against the strong dollar has recorded losses for nearly a month, but the next few days may benefit from the chart...
August 9 morning news: Gold prices hit their lowest level in nearly a month, with European risk-sensitive currencies falling on worsening global outlook
On August 9, the US dollar rose across the board on Tuesday, gaining safe-haven buying. European risk-sensitive currencies fell due to the worsening global outlook. Gold prices fell to their lowest level in nearly a month. Investors took refuge in the US dollar after the release of weak trade data from Asian giants. At the same time, caution shrouded the market ahead of the release of US inflation data later this week. On Wednesday (August 9), Beijing time, the US dollar rose across the board on Tuesday, gaining safe-haven buying. European risk-sensitive currencies fell due to the global outlook.
Australian exchange foreign exchange trading reminder: the Federal Reserve may further raise interest rates, the dollar is expected to maintain its rise in the short and medium term, and "Mr. Yen" predicts that the yen will rise sharply
On August 8, Beijing time, the Asian market morning, the dollar index rose slightly, and is currently trading around 102.18. The dollar rose against major currencies on Monday, mainly due to Federal Reserve policymakers saying that further interest rate hikes are possible given that inflation remains high and the labor market remains tight. Federal Reserve Governor Bowman said on Monday that further interest rate hikes may be necessary to push inflation down to the Federal Reserve's 2% target level. Bowman was at the "Fed Liste...
August 8 financial breakfast: Federal Reserve policymakers say they may raise interest rates further, gold is under pressure, and the market awaits US inflation data
On August 8, the dollar rose against major currencies on Monday, mainly due to the Federal Reserve policymakers saying that further interest rate hikes are possible in view of high inflation and the labor market remains tight, and gold prices fell. Oil prices closed 1% lower on Monday after six consecutive weeks of gains, and investors are worried about softening demand. On Tuesday (August 8), Beijing time, the dollar rose against major currencies on Monday, mainly due to the Federal Reserve policymakers saying that in view of high inflation and the labor market remains tight,...
The Australian exchange rate foreign exchange, the US non-agricultural attack in July, can it wake up the dollar again?
The number of non-farm payrolls in the United States is expected to increase by 200,000 in July, slightly lower than the previous month's 209,000. The unemployment rate is expected to remain unchanged at 3.6% in July, while the average hourly wage annualized rate will lose some steam in July, falling to 4.2% from 4.4% the previous month. A generally hot jobs report could help revive the dollar by fueling bets that the Federal Reserve's rate hike is not over. If the July non-farm payroll data disappoints, it could do some damage to the dollar...
