Dollar struggles to post gains; yen suffers from weak growth data

Dollar struggles to post gains; yen suffers from weak growth data
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Dollar struggles to post gains; yen suffers from weak growth data
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The RBA kept the cash rate unchanged at 3.60%, a move widely expected by markets and decided unanimously by the Board. In the statement, policymakers said the decision reflected a balance between inflation risks and economic resilience, noting that Q3 CPI was “materially higher” than expected and that there was “recent evidence of more persistent…
By Manas Gaur, University of Maryland, Baltimore County ChatGPT and other AI chatbots based on large language models are known to occasionally make things up, including scientific and legal citations. It turns out that measuring how accurate an AI model’s citations are is a good way of assessing the model’s reasoning abilities. An AI model…
Swiss FX reserves reach new high since March 2023 Source link
The Home Office is launching a fresh wave of immigration raids for illegal working and boasting of record numbers of deportations as Labour attempts to counter the growing political threat from Reform UK. Ahead of the second reading of the new border security bill today, officials announced that both illegal working visits and arrests since…
The Hodrick Prescott (HP) Indicator is a trend-filtering tool designed to show the underlying direction of price movements. Unlike standard moving averages, it adjusts to market fluctuations without lagging too much behind the price. Traders use it to identify cycles, spot potential reversals, and understand whether the market is trending or ranging. Its smoothing ability…
The GBPUSD market has been retracing lower price levels in the recent past. As a result, price action has retreated below some important technical landmarks. This is happening when the US dollar hasn’t been very strong; however, this may be due to a comparatively weaker stance of the pound. Another contributing factor to this is…