The FX Empire article provides an overview of the upcoming US ISM Manufacturing PMIs and their potential impact on the USD/JPY exchange rate. It also discusses the finalized S&P Global Manufacturing PMI numbers for June and how changes to these numbers could influence market sentiment towards the US economy. However, the article lacks depth in
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Gold prices are currently facing a downward trend, hovering around $2,325 in the early Asian trading session. Despite the volatility in the global market, gold continues to be a popular investment choice for many investors. The recent data on inflation in the US indicates a slowdown in the annual rate, hitting a three-year low. This
The far-right National Rally (RN) party’s victory in the first round of France’s parliamentary elections has stirred up a mix of reactions among investors and market analysts. The euro experienced a slight gain, reflecting a sense of cautious optimism in early Asia-Pacific trading. However, the final outcome remains uncertain, with days of negotiations and horsetrading
The Japan household spending data is not only about the numbers. Investors need to keep a close eye on the intervention threats and Bank of Japan (BoJ) commentary. The concerns about a weak Yen’s impact on the Japanese economy could lead to potential government or BoJ actions. This could result in pushing the USD/JPY pairing
The Australian real estate market has seen a consistent increase in home prices for seventeen consecutive months. Despite challenges such as high interest rates, a cost of living squeeze, and strict lending conditions, national home prices rose by 0.7% in June. This growth is indicative of the strong demand for housing in the country. The
Rising government debt levels have been identified as a significant threat to global financial markets by the Bank for International Settlements (BIS). As various major elections are set to take place this year, concerns are mounting over the impact of these events on the stability of the world economy. With global government debt already at
French voters recently embarked on a journey to participate in a snap parliamentary election that could potentially lead to the establishment of the country’s first far-right government since World War Two. This decision was prompted by President Emmanuel Macron after his centrist alliance suffered a devastating defeat in European elections at the hands of Marine
China’s economy has been facing significant challenges in 2021, with manufacturing activity falling for the second consecutive month in June. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) recorded a reading of 49.5, below the 50-mark separating growth from contraction. This has led to calls for further stimulus to help the economy recover.
German Finance Minister Christian Lindner is standing his ground against pressure from members of his government coalition to backtrack on his proposal for significant personal income tax cuts. The plan, unveiled earlier this month, aims to implement cuts totaling 23 billion euros by 2026, with adjustments to the tax-free allowance and the income threshold for
As we head into the second half of the year, there is speculation that value stocks could potentially experience a bullish move. Todd Rosenbluth, who serves as the head of research at VettaFi, believes that the upcoming FTSE Russell’s annual rebalancing could serve as a catalyst for value stocks. Historically, growth stocks have outperformed value
Vietnam’s economic growth has seen a positive trend in the second quarter, with a significant increase to 6.93% from the first quarter’s 5.87%. This growth has been mainly driven by robust exports and increased industrial production. The government’s General Statistics Office (GSO) has reported that the economy expanded by 6.42% in the first half of
Recently, a federal judge in Texas made the decision to temporarily block a Biden administration rule that aimed to extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan, an appointee of Republican former President Donald Trump, raised concerns about the rule’s basis for eligibility for overtime pay. The rule