GBP/JPY Bounces Off Daily Low, Keeps The Red Above Mid-185.00s Amid Modest JPY Strength

TalkMarkets - Thu, 08/08/2024 - 05:32
GBP/JPY meets with fresh supply on Thursday and erodes a part of the previous day’s move-up. A combination of factors underpins the safe-haven JPY and exerts some pressure on the cross.

Inflation And Common Sense

TalkMarkets - Thu, 08/08/2024 - 05:30
The cheap money set off an unprecedented public and private sector borrowing spree. Consumer debt has more than doubled since 2008. Government borrowing/spending skyrocketed; government debt increased four-fold.

AUD/USD Analysis: Struggling To Maintain Gains Amid Market Volatility

TalkMarkets - Thu, 08/08/2024 - 05:26
On Wednesday, August 7th, the Australian dollar (AUD) slipped by 0.01% against the US dollar (USD), closing at 0.6517. This drop erased an earlier 0.85% gain, leaving the AUD nearly unchanged from the previous day’s close.

Daily Market Outlook - Thursday, Aug. 8

TalkMarkets - Thu, 08/08/2024 - 05:15
Despite assurances from US Fed officials that the world's largest economy is not headed for a recession, stocks wilted under pressure amid concerns about the outlook for the U.S. economy.

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