Bank Negara Malaysia (BNM) is anticipated to maintain its key interest rate at 3.00% on Thursday, as indicated by a recent Reuters poll. The central bank is likely to sustain this rate steady until at least 2025 due to robust economic growth and controlled inflation. Despite inflation being at a manageable 2.0%, the Malaysian ringgit
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CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity technology company based in Austin, Texas. It specializes in providing cloud workload and endpoint security, threat intelligence, and cyberattack response services. The article discusses a forecast made three years ago, analyzing the market cycle and potential corrections in the stock price. The initial forecast predicted the end of
As of 9 August, the long-term BTC/USD chart displayed Bitcoin’s price movement within two distinct channels: a bullish channel and a bearish channel. The bullish channel, indicated in blue, originated in 2023 following rumors of Bitcoin ETF approval. On the other hand, the bearish channel, marked in red, began to take shape in March 2024,
New Zealand house prices are expected to make a significant turnaround in the upcoming year, with a forecasted increase of 6% as a result of interest rate cuts by the Reserve Bank of New Zealand. Despite a recent decline, home prices in New Zealand are closer to their peak in November 2021, standing just 19%
China’s foray into the world of top-tier video games has made a significant splash with the release of Black Myth: Wukong. This action game, set in mythological China, achieved unprecedented success by selling over 10 million units within the first three days of its launch on Aug. 20. The game continued to dominate the charts,
Analyzing the correlation between the party affiliations of U.S. presidents and economic growth is a multifaceted task that involves various factors. While some studies have indicated a connection between the party in power and economic performance, it is crucial to acknowledge that economic growth is influenced by numerous variables. These factors include global economic conditions,
The Ministry of Finance data revealed a 7.4% year-on-year increase in Japanese corporate spending on plant and equipment in the second quarter. This rise in expenditure is a positive sign for the economy and has raised expectations for a domestic-led recovery in economic growth. The data will be used to calculate revised gross domestic product
The US inflation, as measured by the PCE Price Index, remained unchanged at 2.5% year-over-year in July. This news has caused mixed reactions in the market, with some investors seeing it as a sign of stability, while others view it as a potential hindrance to future economic growth. The strength of the US economy has
The relationship between China’s manufacturing sector and the Australian economy is crucial, given that China is a major consumer of Australian exports. The recent uptick in China’s Non-Manufacturing PMI is a positive sign, indicating a slight increase in economic activity. However, the decline in the Manufacturing PMI could raise concerns about the overall health of
As the US core PCE reading for July revealed a 2.6% increase in prices year over year, in line with expectations but slightly below estimates, the markets reacted by pushing gold prices below $2,500. The headline PCE came in at 2.5% year over year, falling short of the projected 2.6% rise. This data led to
The latest data on the Euro area’s inflation reveals an interesting trend. While overall inflation has seen a slight retreat, services inflation has surged to 4.2% in August. This rise, particularly in the midst of a possible “Olympic effect” in France, raises questions about the true nature of economic stability. The Paris Games may have
Chinese President Xi Jinping expressed his hopes for a better relationship between China and the United States during a meeting with U.S. national security advisor Jake Sullivan. Xi emphasized the importance of finding the right way for the two countries to get along, despite the recent tensions that have arisen in various sectors such as