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The coming weeks will be a critical period for the US stock market, one that will determine whether its latest rebound can continue. Employment data, key inflation indicators, and the Federal Reserves interest rate decision will all be released over the next 14 trading days, setting the market tone for investors. The stock market appears to be at a crossroads: the S&P 500 just posted its weakest monthly gain since March, with September historically its worst month. Meanwhile, market volatility has all but vanished. The VIX index, a fear index, has only touched the key 20 level once since late June. "Investors are right to be cautious in September," said Thomas Lee, head of research at Fundstrat Global Advisors. "The Fed is resuming a modest rate-cutting cycle after a long pause, making it difficult for traders to determine their positioning." The long-term US stock bull predicts the S&P 500 will fall 5% to 10% this fall before rebounding to between 6,800 and 7,000 points.European Commission President Ursula von der Leyen: The EUs new 150 billion euro plan to accelerate investment in the EUs defense industry will benefit Poland the most.U.S. Trade Representative Greer: Continue to advance trade negotiations after the tariff ruling (made by the U.S. court).On August 31, Yuzhou Group announced on the Hong Kong Stock Exchange that during the six months ending June 30, 2025, the contract sales amount reached RMB 3.729 billion, a year-on-year decrease of 14.21%; revenue was RMB 2.397 billion, a year-on-year decrease of 62.42%; the loss attributable to the parent companys owners was RMB 5.632 billion, and the loss attributable to the parent companys owners in the same period last year was RMB 6.256 billion.Kremlin: European countries are hindering Trumps efforts on Ukraine.

AUD/JPY Exceeds 90.30 As RBA Considers Option To Raise Rates Prior To Pause

Daniel Rogers

Apr 18, 2023 14:02

AUD:JPY.png 

 

Following the release of the minutes from the Reserve Bank of Australia (RBA), the AUD/JPY pair surged above the 90.30-point critical resistance level. According to the RBA minutes, policymakers actively considered the decision to raise rates further. However, the decision to maintain the status quo was made after the collection of additional data.

 

Citing the resilience of Australia's financial system, RBA policymakers believed that the Board's future cash rate decisions would depend on the global economy, household spending trends, inflation projections, and employment forecasts.

 

Continue to monitor China's Gross Domestic Product (GDP) statistics. Compared to its stagnant performance in the final quarter of CY2022, the Chinese economy is estimated to have grown by 2.2%. Compared to the previous annual growth rate of 2.9%, the current annual growth rate for the economy is 4.0%. Australia is China's greatest trading partner, and stronger Chinese GDP data would strengthen the Australian Dollar.

 

The announcement of the People's Bank of China (PBOC) interest rate decision later this week will be crucial. Last week, the People's Bank of China pledged to provide additional monetary support to spur retail demand. Despite the reopening of China's economy following a period of economic restraint, the country's inflation rate has been consistently declining over the past few months.

 

According to Jiji news and Reuters, the Bank of Japan is reportedly considering a projection for consumer price growth between 1.6% and 1.9% for the 2025 fiscal year, a move seen as preventing market participants from betting on the central bank's departure from stimulus. This has also delayed the possibility of a shift away from an expansionary monetary policy, which cannot be considered until the Japanese inflation rate persists above 2%.


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