By : Matt Simpson , Market Analyst
The RBA, Fed and converging rate differentials
The Federal Reserve’s easing cycle has seen the RBA-Fed interest rate differential narrow to just -15bp, as suggested in the 2024 outlook reports. Usually, this would be a bullish signal for AUD/USD, but the game...
Stocks experienced a volatile session on Thursday, initially declining but later recovering as the day progressed. Major indices clawed back from their early losses, hovering near their starting points for much of the day.
The session concluded with mixed results among the major indices. The...
At 01:30 (GMT+2), the core consumer price index, which measures changes in the price of goods and services in the Japanese capital, excluding food and energy, will be released. It is a key measure of the country’s purchasing trends and inflation. It may rise from 2.2% to 2.5% YoY. Read more
At 01:30 (GMT+2), Japan will release November data on the unemployment rate, an indicator that measures the percentage of registered unemployed residents over the age of 18 in the country out of the total working-age population. It may reach 2.5%. Read more
CNBC carried an interview with oil market analyst Vandana Hari, founder of Vanda Insights. Video is here.
In summary:
Limited Influence of U.S. Leadership:
Despite former President Trump's pro-drilling rhetoric, U.S. oil producers prioritize technological advancements over expanding...