With all eyes on Federal Reserve Chair Jerome Powell’s upcoming speech, the global market is holding its breath in anticipation of his remarks. Investor confidence is high, as many are expecting dovish rhetoric from Powell, which has led to a positive outlook for stocks in the coming days. Asian shares have already reached a one-month
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The New Zealand Dollar has gained momentum in Tuesday’s Asian session, with positive risk sentiment weighing on the US Dollar and lifting NZD/USD. This increase in strength comes as investors await the PBoC rate decision ahead of Fedspeak on Tuesday. The People’s Bank of China (PBOC) recently left the one-year and five-year Loan Prime Rates
The price of gold has continued to rise steadily, reaching around $2500 per troy ounce, as investors flock towards safe-haven assets in light of ongoing geopolitical tensions. The ongoing conflict in the Middle East, with talks of ceasefire between Israel and Gaza, has contributed to the uncertainty in the market. These tensions have fueled the
Buffer ETFs are gaining attention among investors looking to hedge against recent market volatility. These exchange-traded funds, as highlighted by Bruce Bond, CEO of Innovator ETFs, offer a unique opportunity for individuals seeking exposure to the market while minimizing downside risk. For example, Innovator ETFs issue monthly buffer ETFs such as the PAUG ticker, which
The upcoming week presents a critical moment for the US dollar as investors eagerly await news about the potential 2024 Fed rate cuts amidst fears of a hard economic landing. The FOMC Meeting Minutes on Wednesday, August 21, and speeches from the Jackson Hole Symposium are expected to heavily influence market sentiment. Investors are particularly
The USD/JPY pair has managed to gain some positive traction on Monday, but it is struggling to capitalize on the move. Despite reaching the 148.00 mark in the Asian session, the pair has dropped to a fresh daily low in the recent hours, trading below mid-147.00s. This vulnerability indicates a potential retracement slide from a
The recent economic figures coming out of China have put immense pressure on Beijing to take action in order to revive the economy. With a growth target of roughly 5% in mind for this year, the world’s second-largest economy is struggling to gain momentum after a disappointing second quarter. Various economic indicators such as falling
The XAUUSD market is currently showing signs of a bullish trend, with potential for new all-time highs in the short term. Traders are advised to consider sell positions below 2470 and buy positions after a pullback above 2460, while setting profit targets and stop losses accordingly. On the daily timeframe, price consolidation is observed below
The recently submitted 2025 budget plan by Indonesia’s outgoing government highlights a commitment to fiscal prudence, aiming for a narrower deficit compared to the current year. This proposal, with a total worth of 3,613.1 trillion rupiah ($230 billion), projects a deficit of 2.53% of GDP for the next year, which is lower than the expected
China’s financial risks have been a topic of concern for quite some time, particularly when it comes to local government debt. People’s Bank of China Governor Pan Gongsheng recently stated in state media interviews that these risks have decreased. He mentioned that the central bank would collaborate with the Ministry of Finance to help China
The NZD/JPY pair has experienced a mild increase, reaching a level of 89.30 and testing the important 20-day Simple Moving Average (SMA). This signifies a potential shift in the movement of the currency pair, as it hovers near this key technical indicator. Upon closer examination, it is evident that the Relative Strength Index (RSI) is
After the release of the University of Michigan’s Consumer Sentiment Index figures and the housing market data, the US Dollar (USD) showed a decline. Despite this, markets still maintain confidence in a potential cut in September. This confidence implies that investors are expecting further easing by the Federal Reserve (Fed) in the near future. The