EUR/USD has seen an increase up to 1.0895 in Monday’s early Asian session, showcasing a 0.12% rise on the day. This surge comes as the US Dollar faces a decline, providing some support for the major pair. The German Retail Sales for May are expected later in the day, as well as the US Chicago
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The new finance minister of the United Kingdom, Rachel Reeves, is facing a significant challenge as she considers whether to approve inflation-busting pay increases for almost 2 million government employees. This move comes as two pay review bodies have recommended a substantial 5.5% wage rise for 460,000 teachers and 1.4 million staff in the state-run
On Monday, July 22, the People’s Bank of China (PBoC) is expected to announce the one-year and five-year Loan Prime Rates (LPR). Economists predict that the rates will remain steady at 3.45% and 3.95%, respectively. However, any unexpected cut in the rates could potentially fuel demand for the Australian dollar. Lower lending rates could lead
The recent surge in small cap investments may not necessarily be a result of a rotation from winning growth trades, as noted by ETF journalist Dave Nadig. According to Nadig, investors are not just buying small caps, but rather diversifying their portfolios into various asset classes in an effort to broaden their exposure. This move
The deteriorating commercial real estate (CRE) loans and high interest rates have raised concerns about defaults among U.S. banks. Many regional lenders have seen a surge in their provisions for credit losses in the second quarter. The shift has impacted office loans the most, with buildings remaining vacant due to the post-pandemic shift towards remote
The Brent oil price experienced a sharp decline to a monthly low of USD 83.5 per barrel due to the weak Chinese data at the beginning of the week. This drop caused significant concern among investors and analysts, triggering a flurry of market activity. However, to the surprise of many, the price quickly rebounded, catching
In the world of finance, it is crucial to understand the risks involved in every decision you make. Whether you are considering investing in cryptocurrencies, contracts for difference (CFDs), or any other financial instruments, there is always a level of risk attached. It is important to carefully evaluate whether you fully comprehend how these instruments
European Central Bank policymakers have shown support for further interest rate cuts in order to combat high inflation following the COVID-19 pandemic. Francois Villeroy de Galhau and Gediminas Simkus have expressed confidence that inflation will reach the ECB’s target by next year. Villeroy stated in an interview that market expectations for interest rate cuts are
Amidst escalating trade tensions with the United States and the European Union, top Chinese officials have reiterated the country’s commitment to focusing on its internal affairs. Han Wenxiu, deputy director at the Chinese Communist Party’s central committee office for financial and economic affairs, emphasized the importance of prioritizing key areas of development to ensure the
Netflix, Inc recently released its second-quarter earnings report, showcasing its continued dominance in the streaming industry. With a remarkable 16.5% year-over-year increase in global paid memberships, reaching 277.65 million, Netflix exceeded all expectations. The company also reported a 17% increase in revenue, totaling $9.56 billion. This growth was largely driven by the surge in ad-supported
The gold price recently experienced a downside correction after reaching the $2,485 mark. Following a rapid surge, the bears stepped in to drive the price lower. Currently, a key bearish trend line is emerging, indicating resistance near $2,450. The hourly chart of gold at FXOpen illustrates this trend, highlighting the potential for further declines. Upon
Gold prices saw a decline in the Philippines, with prices dropping to 4,580.42 Philippine Pesos per gram from the previous day’s PHP 4,607.54. The price per tola also fell to PHP 53,425.16 from PHP 53,741.41. This fluctuation in prices is influenced by various factors that play a crucial role in determining the value of gold