Australian Recession Imminent

In this compelling article, join me, Clifford Bennett, Chief Economist at ACY Securities, as we dive into the latest market trends and gain valuable insights into the dynamic forces shaping global economies and financial markets.

In this compelling article, join me, Clifford Bennett, Chief Economist at ACY Securities, as we dive into the latest market trends and gain valuable insights into the dynamic forces shaping global economies and financial markets. Together, we'll explore the remarkable influence AI is having on tech companies, examine economic support measures, and analyze the impact of sentiment indicators across various regions.

Economic Support Measures: The People's Bank of China (PBOC) Takes Action:A closer look at the Asian market reveals recent actions taken by the People's Bank of China (PBOC) to bolster their economy. We'll explore the monetary measures implemented by the PBOC and analyze their effects on regional and international markets. Understanding these support measures is crucial in comprehending the broader economic landscape.

Australian Economy: Navigating Challenging Times:

Within Australia, both consumer and business sentiment indicators are flashing warning signs, potentially pointing towards an impending recession. We'll carefully examine these indicators, discussing their implications for traders and investors. What are the potential implications for the domestic economy?

Stay tuned for more market insights as we continue to unravel the complexities of global economies and financial markets. Together, let's thrive in these challenging times and unlock the potential for success.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

Regulation: ASIC (Australia), VFSC (Vanuatu)
read more
Strong US data keep the dollar in demand

Strong US data keep the dollar in demand

ECB cuts rate, keeps door wide open to a December move; Euro suffers as US retail sales surprise on the upside; Focus today is on Fedspeak and in particular Fed’s Bostic; Gold surpasses $2,700 as China announces further measures
XM Group | 1 day ago
EURGBP goes back to a downtrend

EURGBP goes back to a downtrend

EURGBP charts new 2 ½-year low after UK retail sales beat estimates . Short-term bias is skewed to the downside, but price near familiar support line.
XM Group | 1 day ago
Daily Global Market Update

Daily Global Market Update

The GBP/USD pair made a minor upward correction, while Bitcoin/USD fell. Oil prices remained stable, and the Australian dollar gained. Global financial headlines included record-breaking Bitcoin ETF inflows, falling oil prices, and rising gold prices. Upcoming economic highlights include UK retail sales, housing starts, and budget statements.
Moneta Markets | 1 day ago
Dollar Strength and Chinese Renminbi Weakness

Dollar Strength and Chinese Renminbi Weakness

The U.S. dollar has shown persistent strength in global currency markets, with the dollar index breaking above the critical 103.00 level. This resurgence has been driven by a combination of factors, including robust economic data from the U.S., heightened global risk aversion, and relative weakness in other major currencies, most notably the Chinese renminbi (CNY).
ACY Securities | 1 day ago