Tag - aud - australian dollar

Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?

Here we go again, my friends. It’s time to look critically into the future of what trading opportunities September might have in store for us. As always, it is essential to note that the views expressed here are mine and should not be considered financial advice without proper examination.

Hello, and welcome to the last week of August. We found the best news and collected the most impactful events for you to stay on the top of the market. Let’s go!

The Reserve Bank of Australia (RBA) has opted to keep interest rates steady at 4.1% for the second consecutive month, signaling a new phase in its approach to tackling inflation. The RBA's governor, Philip Lowe, referred to this stage as the "calibration phase," where the central bank makes subtle adjustments to its policy.

Today, the Bank of England has decided to raise interest rates to combat inflation. In its recent report dated the 3rd of August, 2023, the BOE confirmed that it had raised interest rates to 5.25%, expecting that the inflation rates would drop to 2%.

As is the custom, every new month in the financial market often presents long-term, swing trading opportunities for traders like you and me. Even better, FBS is usually there to provide insights into the expected trading opportunities through such analytical pieces as this.

Australian central bank unexpectedly left the rate at the same level. The German economy is slowing down. What's happening in the markets? Let's look at our new digest.

Next week is the first week of the new month. We will see lots of different news from the US. What's going on and what to expect from the markets? Check our new digest.

The labor market data is deteriorating. Initial Jobless Claims started rising. What will happen with the unemployment rate and the Nonfarm Payrolls?

In May, against expectations of a slowdown, inflation stubbornly held at 8.7%, creating additional pressure on the Bank of England. This comes just a day before the anticipated 13th consecutive interest rate hike to curb price growth. The headline figure places British inflation at the top among major advanced economies. These numbers aren't exactly comfortable for Prime Minister Rishi Sunak, who aimed to cut inflation by half this year before the 2024 election. Moreover, they could lead to increased mortgage costs for homeowners.

The possibility of a US recession has ignited intense debates, especially as the labor market and consumer spending continue to demonstrate resilience despite aggressive interest rate hikes. However, hold on to your hats because Deutsche Bank is bringing a bold statement. They see a 100% probability of a US recession unfolding.

The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?