Bluff or Prediction

US Federal Reserve Governor Christopher Waller spoke today on the current economic situation in the country, based on economic statistics for the past week. He believes that the situation in the labor market is beginning to soften, and he is not surprised that the unemployment rate has risen, but does not comment on the reasons…

Battle of the titans for black gold

This summer, Russia and other countries that are members of the OPEC “cartel” began to cut oil production. Most likely, this was due to the fact that during the coming global crisis, oil quotes would not fall below $80 per barrel, since below this mark, oil companies operate at a loss, not even recouping the…

Effective measures!

An independent agency of the US Federal Government notes that so far only Australia has been able to beat rising inflation by raising interest rates. And indeed it is! The first and most important thing is that the weekly CPI is rapidly approaching the level of the interest rate. Yesterday, the Australian dollar strengthened the…

Brothers in arms keep devaluing

The Chinese yuan, following the Russian ruble, continues to weaken against the dollar. It was announced today that Chinese banks are considering further cuts in deposit rates (the third cut this year) to stimulate the economy. From a fundamental point of view, the Chinese yuan should weaken, but from a technical point of view, given…

Japanese yen – at the door with samurai guards

The Japanese yen is trading in a range as part of the completion of the five-trend buying wave. Earlier, in this range, the Bank of Japan carried out interventions to reduce the exchange rate against the dollar and devalue the national currency. We expect the market to react to this range and reduce quotes against…