Australian Retail Sales is a key economic indicator released by the Australian Bureau of Statistics (ABS) every month, approximately 35 days after the month ends. This metric measures the total retail turnover of goods and services sold in the country and accounts for about 80% of the total retail spending.
Introduction The USD/JPY currency pair has been in a downtrend since the middle of last week, with UOB Group’s economist Lee Sue Ann and markets strategist Quek Ser Leang predicting further weakness if the pair breaks below the key support level of 129.60. In this article, we will examine UOB
The GBP/USD pair has been showing signs of volatility lately, with fluctuations occurring due to various economic and political factors. In European trade, the pair dipped but found support in the upper 1.22s. This trend has led economists at Scotiabank to suggest that the pair will test the mid 1.24s
Introduction: The AUD/USD pair has been in focus for traders and investors alike as it remains subdued and lacks a clear direction. The pair has been trading within a narrow band around mid-0.6600s, with spot prices hovering around a one-week low touched on Friday. Technical pressure has been weighing on
Introduction: The AUD/USD currency pair has been in focus among traders and investors due to its recent performance. The pair has failed to remain above the key support level of 0.6660, according to the economists at OCBC Bank. This could indicate further downside for the currency pair. In this article,
Introduction The USD/JPY currency pair has been in focus recently as market experts have been trying to predict its future trajectory. According to the latest prediction by MUFG, one of the world’s leading financial groups, the USD/JPY is likely to trade down to the year-to-date lows between 127-128 relatively quickly.
Economists at OCBC Bank suggest that AUD/USD has breached its support level of 0.6660 and may experience further downward pressure, with potential implications for investors and traders. AUD/USD breaks key support level, pointing to potential downside Economists at OCBC Bank have reported that the AUD/USD pair has fallen below a
Economist Lee Sue Ann and Markets Strategist Quek Ser Leang from UOB Group expect the USD/JPY pair to find initial and firm support at 130.15, ahead of 129.80. Introduction: The USD/JPY currency pair has been on a downward trend in recent months, with analysts predicting further declines in the coming
Scotiabank economists predict a potential drop in the value of the pound sterling amidst the ongoing USD corrective rebound. Learn more about the possible factors contributing to this prediction. Sterling May Face Further Correction Economists at Scotiabank have suggested that the pound sterling (GBP) could potentially face further correction amidst
Introduction: The AUD/USD pair surged to the highest level in nearly two weeks after the Federal Reserve hiked rates by 25 bps, as expected. However, the central bank surprised markets with a more dovish tone than anticipated, leading analysts at Rabobank to lower their forecast for the target range of
The Bank of England (BoE) has increased its policy rate by 25 basis points to 4.25%, resulting in a drop in the GBP/USD exchange rate to around 1.2300. We discuss the implications of the decision and the market reaction. The Bank of England (BoE) has raised its benchmark interest rate
Introduction The AUD/USD currency pair is making gains on Wednesday, March 22, as the US dollar continues to weaken. The weakness in the dollar is attributed to expectations of a less hawkish Fed, and easing fears of a banking crisis. This article will discuss the factors contributing to the AUD/USD