Asia FX steady as Fed cut bets rise; Aussie gains on hot CPI, Kiwi jumps post RBNZ

Asia FX steady as Fed cut bets rise; Aussie gains on hot CPI, Kiwi jumps post RBNZ
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Asia FX steady as Fed cut bets rise; Aussie gains on hot CPI, Kiwi jumps post RBNZ
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The sportswear giant was among the top performers in the US stock market yesterday after Jefferies analysts raised their outlook:→ Upgraded NKE stock from “Hold” to “Buy”→ Increased the price target from $75 to $115 Amid fierce competition, NKE shares had been in a downtrend throughout 2023-2024, but a leadership change (which we covered in…
Listen to the audio episode: Get The Complete Price Action Strategy Checklist! From Struggling To $100k Funded Trader (in 6 months!) In episode 475 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Rolando Gonzalez who went from struggling to a $100k-funded trader in 6 months. Listen…
Chinese inflation data, both CPI and PPI, for August 2024. The m/m PPI is -0.7% (prior -0.2%) The CPI is a slight miss on both the y/y and m/m. But the PPI is a shocker of a miss on both. Real rates in China re weighing on demand. And yet the People’s Bank of China…
GBP/JPY is taking a breather after several straight sessions of gains! Are we seeing a trend pullback? Or the start of a longer-term bearish reversal? We’re zooming in on the 4-hour time frame for more clues: GBP/JPY 4-hour Forex Chart by TradingView The British pound traded mixed on Wednesday as risk sentiment grew shaky, with…
The Australian Dollar gains ground as China is weighing the suspension of its 125% tariff on certain US imports. Market sentiment was mixed after reports suggested the Trump administration could consider reducing tariffs on Chinese imports. China’s Finance Ministry noted that global economic growth continues to face headwinds, with trade and tariff disputes. The Australian…
GBP/USD failed to climb above 1.3500 and corrected some gains. EUR/GBP started a decent increase and might aim for more gains above 0.8710. Important Takeaways for GBP/USD and EUR/GBP Analysis Today · The British Pound is showing bearish signs below the 1.3400 support. · There is a key bearish trend line forming with resistance near…