Australia's labour market remained stable in September 2024, with the unemployment rate forecast to hold at 4.2%, supported by a 25,200 person rise in employment. Despite the economy teetering on the edge of recession, strong hiring trends persist, challenging market economists' predictions.
The Bank of Japan will meet on September 20, 2024, with markets anticipating minimal policy changes. However, inflation risks remain, with core CPI at 2.7% and potential for future interest rate hikes.
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US labour market conditions are expected to have softened in June. The latest Non-Farm Payrolls data will be released on Friday, July 5th, 2024.
The FOMC left Federal Funds Rate unchanged at a target range of 5.25 to 5.50%.
The markets continue to look for signals of disinflation in the United States. The latest PCE Index data, the US Federal Reserve’s preferred inflation gauge, is released on May 31, 2024.
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The DXY hit a seven-month low in January, just a few months after a multi-decade peak in late September.
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The yellow metal reached near record-highs, yet will it maintain the momentum and for how long?
The US debt ceiling concerns and the banking crisis have been favourable for gold, yet is there more upside potential?