4 September 2023,03:29
Weekly Outlook
4 September 2023, 03:29
With inflation slowing from 5.4%in June to 4.9% in July, the RBA has opted to maintain its interest rate at 4.1%. This decision allows the central bank to evaluate the effects of previous rate hikes and the economic trajectory. Additionally, the RBA cautioned that further rate increases are on the horizon, sparking a division among economists into two camps of belief.
The index dropped from 53.9 to 52.7, falling below analysts’ estimate of 53.0. The present non-manufacturing PMI indicates an economy that’s steadily moving forward, despite the ongoing interest rate increases by the Federal Reserve.
Economists predict that the second quarter GDP is likely to show a notable slowdown, primarily influenced by transient factors like wildfires, energy project maintenance, and a civil servants strike. As the final significant domestic data point, the outcome of the GDP results could potentially lead the BoC to contemplate a temporary halt in interest rate adjustments.
Exceeding the expected 0.8%, Japan’s preliminary GDP report disclosed a growth rate of 1.5%. This increase is attributed to exporting vehicles to the US and Europe. Despite the positive outcome, economists urge prudence due to potential risks from the global economy and the impact of rising prices. The Bank of Japan is adopting a cautious approach, observing the situation before making any decisions.
Germany’s economy showed no growth in the Q2, which can be reflected in the country’s GDP that remained at 0.3 for two consecutive months, from June to July. The lack of progress was mainly due to weakened global demand. Imports of goods and services remained stagnant, and exports were lower compared to the previous quarter. The weakened economy could prompt the ECB to pause upcoming interest rate adjustments.
Trade forex, indices, cryptocurrencies, and more at industry-low spreads and lightning-fast execution.
8 December 2023, 01:37 Economists Anticipate The Fed To Keep Rates Steady In December
4 December 2023, 03:20 Nonfarm Payrolls Forecasted At 175K Increase
24 November 2023, 02:43 Anticipation Of RBNZ Holding High Rates
Disclaimer: This website exclusively provides proprietary trading services. We do not engage in any regulated activities, offer investment management services, or manage funds on behalf of external clients. Our trading activities are conducted solely with the firm's own capital, and we do not accept client deposits or manage client accounts. It's important to note that none of the services we provide should be construed as investment or financial services in accordance with applicable laws.
This website offers services related to professional skill and experience assessment, which determine your eligibility to trade with the firm's capital. The outcome of these services is inherently determined by your individual skill level and ability to perform within the trading requirements and objectives outlined for each service separately. Clients are strongly advised to thoroughly understand the requirements of the services before signing up for any.
The content provided on this website is for informational purposes only and does not constitute financial, investment, or trading advice. The information presented is based on sources believed to be reliable, but we do not guarantee its accuracy, completeness, or timeliness. We disclaim any liability for any loss or damage arising directly or indirectly from the use of or reliance on the information provided on this website.
This website is not directed to residents of certain jurisdictions such as the United States, Singapore, Australia, China, Pakistan and some other specified regions, and is not intended for distribution to, or use by, any person in any countries or jurisdictions where such distribution or use would be contrary to local law or regulation.
