Recently, the Japanese government revised its growth forecasts for the fiscal year ending March 2025 from 1.3% to 0.9%. This adjustment was made due to concerns about the weak Yen and its impact on households’ purchasing power. The government has highlighted the need to address the weakening currency and its effects on the economy. Bank
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The newly appointed British finance minister, Rachel Reeves, has recently confirmed that taxes will need to be raised in the upcoming budget on October 30th. This announcement comes after Reeves revealed a significant 22 billion pound shortfall in this year’s budget, setting the stage for tough decisions to be made in order to stabilize the
The recent streak of selling by Berkshire Hathaway in its Bank of America stake has raised eyebrows and speculation about Warren Buffett’s strategic moves in the market. Over the course of nine trading days, Berkshire has significantly reduced its stake in the bank, selling millions of shares and raking in billions of dollars in the
The Australian Dollar (AUD) has experienced a decline of around 3.5% against the US Dollar (USD) since July 12, positioning it as one of the weaker G-10 currencies in recent times. This depreciation can be attributed to a couple of key factors that have a direct effect on Australia, according to Commerzbank’s FX analyst Volkmar
The upcoming release of the Job Openings and Labor Turnover Survey (JOLTS) data by the US Bureau of Labor Statistics (BLS) will be a crucial component for investors to gauge the health of the US labor market. The JOLTS data provides valuable insights into the supply-demand dynamics within the labor market, influencing factors such as
The short term Elliott Wave view in E-Mini Dow Jones Futures (YM) indicates that the trend is expected to continue higher within the sequence that started from the April-2024 low as part of the daily sequence. The analysis suggests an upside movement in wave 5 of (5) since the 18th of April, 2024 low as
The oil market experienced a period of instability as traders shifted their focus from geopolitical tensions in the Middle East and Venezuela to concerns over softening demand in China. This shift in attention led to a decline in oil prices, with Brent crude futures hitting seven-week lows at $79.36. The impact of weakening Chinese demand
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The Australian dollar got off to a slow start at the beginning of the week, facing downward pressure amid worries about the country’s economic health. Despite speculation about a potential rate increase by the Reserve Bank of Australia (RBA), ongoing issues in the local economy and economic challenges in China are hampering any significant upward
Britain’s newly appointed finance minister, Rachel Reeves, has inherited a challenging economic landscape from her Conservative predecessor. Reeves recently revealed to Parliament that public spending is set to exceed the budget by a staggering £21.9 billion this year. In response to this alarming trend, she has announced immediate cuts of £5.5 billion and plans for
The upcoming Bank of Japan (BoJ) meeting is creating a buzz in the financial markets as speculations are rife about a potential rate hike. The BoJ is anticipated to unveil a strategy to halve its bond purchases in the coming years, a move that could have significant repercussions on the global economy. The decision, scheduled
As the week kicks off, USDJPY is facing a challenging battle to overcome the 20-period Simple Moving Average (SMA). Despite some positive momentum in the near-term, the bulls are finding it difficult to secure the upper hand in the 4-hour chart. Both the stochastics and RSI have shown signs of reversal to the upside, but