The US Dollar Index (DXY) faced a downward trend following a sharp recovery earlier in the week. This decline can be attributed to the released US Gross Domestic Product (GDP) revisions and higher than expected Jobless Claims numbers. These economic indicators have shaken investor confidence and raised concerns about the overall health of the US
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Upon analyzing the daily chart of the VanEck Semiconductor ETF (SMH), it is evident that the function of the trend is impulsive. The motive structure indicates a potential upside movement in Minor wave 5. As the ETF reached the Medium Level at $250, there is anticipation for a potential wave {iv} of 5 to initiate
The GBP/USD pair has shown a decline to 1.2695 during the early Asian session, largely due to the strength of the US Dollar. The higher US yields and lower expectations of a Federal Reserve rate cut in September have boosted the USD and consequently weighed on the GBP/USD pair. Investors are eagerly awaiting the release
The silver price has been on an upward trend, reaching around $32.25 during the early European session, marking a 0.50% increase for the day. A key factor contributing to this rise is the growing industrial demand for silver. According to projections from the Silver Institute, the total industrial demand for silver is expected to increase
China’s Shanghai city recently implemented several measures to revitalize its struggling property sector. These measures include a reduction in the down payment requirement, lower minimum mortgage rates, and eased restrictions on home purchases. Additionally, the required years of social security or income tax payments for non-Shanghai residents have been decreased from five to three years.
The Nasdaq100 index showed significant growth in the month of May, leading the US indices upwards and indirectly impacting markets globally. As of Thursday, the index was approaching the 19,000 level, exhibiting an impressive 11% increase from the lows recorded on April 19th. However, amidst this growth, a wave of selloffs occurred causing a 2%
The New Zealand Dollar (NZD) is a highly traded currency among investors, influenced by various factors that impact its value. While the health of the New Zealand economy and the country’s central bank policy play a significant role, there are other unique particularities that contribute to the movement of the NZD. One key factor that
The USD/CAD pair drifted lower to 1.3640 in Wednesday’s early European session following the announcement of the annual Canadian CPI inflation rate slowing to 2.7% in April from 2.9% prior. This decrease in inflation rate has increased the likelihood of the Bank of Canada (BoC) implementing a rate cut in June. Despite this, the US
The Reserve Bank of Australia (RBA) recently published the Minutes of its May monetary policy meeting, revealing that the board members had debated the possibility of raising rates. Interestingly, they ultimately determined that the case for maintaining a steady policy stance was the stronger one. The board also acknowledged the difficulties associated with predicting future
Investing in the open markets can be a very risky endeavor, with the potential for both significant gains and losses. It is crucial for investors to understand that all investments come with a certain level of risk, and it is important to take the necessary precautions before making any decisions. The views and opinions expressed
European Central Bank (ECB) Board member Isabel Schnabel recently made comments suggesting that the central bank may consider cutting interest rates in June. However, Schnabel also emphasized the need for policymakers to closely monitor the data before making any decisions, as there is a risk of easing prematurely. This uncertainty surrounding the timing of rate
After the latest Consumer Price Index (CPI) data was released, the US Dollar (USD) experienced a significant correction. The disinflationary trend seen in the April CPI numbers indicated a softer economic environment, leading to a depreciation of the USD. This decline has been attributed to a series of data pointing towards easing conditions in various