EUR/USD
1.17426
0.297%
Gold
3328.98
-0.216%
Oil
66.624
-0.549%
USD/JPY
145.978
-0.045%
GBP/USD
1.36318
0.220%
GBP/JPY
199.000
0.220%
Real-time News
Futures July 8, Economies.com analysts latest view today: Brent crude oil futures prices closed lower in their last intraday level as it remained stable at the 68.70 resistance level, supported by its continued trading above EMA50 and in a small bullish channel fluctuation at the intraday level. On the other hand, we noticed a negative signal on the (RSI), which could temporarily slow down the rise in prices after reaching overbought levels.Japans 30-year government bond yield rose 12.5 basis points to 3.09%.July 8, the Reserve Bank of Australia kept the cash rate unchanged at 3.85% on Tuesday, a shock to the market that had confidently bet that the central bank would cut interest rates. The Reserve Bank of Australia said that most members of the committee wanted to wait for more information to confirm that inflation was slowing. At the end of its two-day policy meeting, the Reserve Bank of Australia said that six members voted to keep interest rates unchanged and three members voted against, which was a rare split decision of the board. Given that core inflation has slowed to the midpoint of the central banks 2% to 3% target range and consumer spending has proved weaker than expected, the market has almost fully digested the expectation of a rate cut to 3.60% this week. In addition, the uncertainty brought about by US tariffs has also become one of the reasons to support the rate cut as an "insurance measure" against the slowdown in the global economy.July 8, the Reserve Bank of Australia today kept the cash rate unchanged at 3.85%, after the market generally expected a 25 basis point cut. The Reserve Bank of Australia said in a statement that since peaking in 2022, inflation has fallen sharply, and high interest rates are gradually balancing aggregate demand and aggregate supply. Given that the current cash rate has been reduced by 50 basis points from five months ago, and the overall economic situation is basically developing as expected, the committee judged that it can wait for more information to confirm whether inflation can sustainably fall back to the target level of 2.5%. In addition, the committee believes that uncertainty in the global economy remains high. Although the final scope of the US tariffs and the response measures of other countries are not yet clear, financial market prices have rebounded, and the market generally expects that the most extreme situation may be avoided. However, the development of trade policy is expected to continue to have an adverse impact on global economic activity, and the risk of households and businesses delaying spending remains until the outlook becomes clearer.Australian Treasurer: The Reserve Bank of Australia has made clear the future direction of inflation and interest rates.
