What Do the Experts Say About China Policy?
At Extreme Investor Network, we understand the importance of expert opinions when it comes to analyzing global economic trends. Nataxis Asia Pacific Chief Economist Alicia Garcia Herrero recently shared her insights on China’s Third Plenum and press conference, highlighting the lack of significant changes in the country’s economic policies. This information can be crucial for investors looking to navigate the ever-changing landscape of the stock market.
US Economic Calendar: Chicago Fed National Activity Index
Investors are always on the lookout for key economic indicators that can impact market movements. The Chicago Fed National Activity Index (CFNAI) is one such metric that is closely watched by traders. Economists are forecasting an increase in the Index from 0.18 in May to 0.30 in June, which could have implications for US economic growth and inflation. Understanding the potential effects of these numbers on the market can help investors make informed decisions about their portfolios.
Stay informed with our expert analysis on how events like the CFNAI release can shape market trends and influence trading strategies.
Short-Term Forecast: Bullish
When it comes to short-term trading, staying ahead of the curve is key. By monitoring factors like Services PMIs, RBA rate hikes, and US economic data, investors can better predict market movements and adjust their strategies accordingly. At Extreme Investor Network, we provide real-time updates and expert commentary to help traders navigate the complexities of the forex market and maximize their potential returns.
AUD/USD Price Action
Daily Chart
Technical analysis plays a crucial role in trading decisions, especially when it comes to currency pairs like AUD/USD. Understanding key resistance and support levels, as well as monitoring indicators like the Daily RSI, can give traders an edge in predicting price movements. By incorporating fundamental analysis alongside technical indicators, investors can develop a well-rounded approach to trading that takes into account both market sentiment and data-driven trends.
At Extreme Investor Network, we provide in-depth analysis and personalized insights to help traders navigate the complexities of the stock market and make informed decisions that align with their financial goals.