On October 31, the Bank of Japan is scheduled to hold its Monetary Policy Committee meeting. Researchers and economists predict that policy won’t change, but opinions on whether to make another adjustment to Yield Curve Control (YCC) will differ. The benchmark 10-year JGB yield is getting close to reaching its …
Read More »
The US currency, which has little velocity, and the price of crude oil are closely tracked by the Canadian dollar. The USD/CAD pair is essentially flat for the day on Thursday, falling 0.2% at its low point, and it appears that consolidation is imminent near 1.3500. The final figures for …
Read More »
An optimistic prognosis for oil consumption and a tighter supply have caused the WTI crude price to rise to $88.40. Global oil production is expected to increase to 101.2 million barrels per day (bpd) in 2023 and 102.9 million bpd in 2024, according to the US Energy Information Administration.According to …
Read More »
The Federal Open Market Committee (FOMC), according to Goldman Sachs, may begin reducing the funds rate in the second quarter of 2024. This estimate assumes that core Personal Consumption Expenditures (PCE) inflation will have fallen below 3% on a yearly basis and under 2.5% on a monthly basis. Even if …
Read More »
Oil prices fell in early Asian trading on Friday after concerns about demand offset the impact of strong economic data. Brent crude was down 59 cents, or 0.7 percent, at $83.65 a barrel by 0027 GMT, but was on track for a weekly increase of 5 percent. US West Texas …
Read More »
On Thursday, WTI jumped above $80.00 for the first time since the middle of April. The increase in oil prices is supported by tighter global supply and Chinese stimulus. The price of American crude oil increased by more than 1% to over $80.00, which is the highest level since mid-April. …
Read More »
An Australian court has ordered Meta Platforms, owner of Facebook, to pay fines a total of A$20 million ($14 million) for harvesting user data through a smartphone app that was promoted as a way to protect privacy without disclosing its actions. The Australian Federal Court also ordered Mita to pay …
Read More »
The Australian dollar has risen against the US dollar on Monday due to positive market sentiment, supporting commodity currencies like the Aussie more than safe-havens like the US dollar. S&P Global’s data shows the US Composite PMI is higher and in expansionary territory compared to Australian counterparts, reflecting the positive …
Read More »
Inflation in the US is well above target and the labor market remains very tight, the US Federal Reserve’s recently published monetary policy report to Congress read, ahead of Chairman Jerome Powell’s Capitol Hill testimony next week, per Reuters.In reaction; the US Dollar Index clings to modest recovery gains near …
Read More »
Following a surprise 25 basis point (bps) rate hike in May, the Reserve Bank of Australia (RBA) board members opted to raise the Official Cash Rate (OCR) by another 25 basis points (bps) to 4.10% at its June policy meeting, delivering another hawkish surprise. According to the most recent Reuters …
Read More »
Noor Trends News, Technical Analysis, Educational Tools and Recommendations
