Claudia Sahm, chief economist at New Century Advisors, believes that the U.S. Federal Reserve does not need to make an emergency rate cut despite recent weaker-than-expected economic data. She argues that although there is a good case for a 50-basis-point cut, there is no need for an emergency cut as of now. Sahm suggests that
The GBP/JPY cross experienced a significant rally during the Asian session on Wednesday, gaining over 400 pips intraday. This surge was primarily driven by dovish remarks from the Bank of Japan (BoJ) Deputy Governor Shinichi Uchida. Uchida’s comments suggested that the central bank would refrain from hiking rates during periods of market instability, which weakened
In the midst of recent market volatility, investors are seeking out stable options to help navigate uncertain times. BondBloxx co-founder and CEO, Joanna Gallegos, emphasizes the importance of incorporating bonds into investment portfolios. According to Gallegos, prioritizing income and high-yield bonds can provide a cushion against the unpredictable nature of the market. This strategy allows
Following a turbulent start to the week, the US Dollar (USD) managed to bounce back on Tuesday, remaining steady near the 103.00 mark. This recovery was fueled by an improved market sentiment, with investors regaining confidence in the stability of the Dollar. Additionally, the absence of any significant news regarding the conflict between Iran and
Brazil’s central bank seems to be facing a tough decision when it comes to inflation. According to the minutes from their policy meeting, they are willing to raise interest rates if necessary to bring inflation down to their target. This indicates a sense of urgency and concern about the current inflationary pressures in the economy.
The Japan 225 stock index has recently experienced a significant downturn, dropping by 21% to a 10-month low of 30,361. This decline has been attributed to recession fears in the US and a bullish cycle of the yen. From a technical perspective, the index has fallen below its 200-day simple moving average, marking its sharpest
When considering investing in cryptocurrencies, contracts for difference (CFDs), or any other financial instrument, it is crucial to conduct thorough due diligence. The information provided on various websites, including general news, personal analysis, and opinions, may not always be accurate or timely. It is essential to verify the information independently and consult with financial advisors
The Greater Toronto area experienced a decline in home sales during the month of July, following a surprising increase in June that had broken a four-month streak of decreases in home deals. The Toronto Regional Real Estate Board (TRREB) reported a 1.7% drop in seasonally adjusted sales in July, after observing a 3.2% rise in
The Reserve Bank of Australia (RBA) plays a crucial role in setting interest rates and managing monetary policy for Australia. This article will delve into the recent comments made by RBA Governor Michele Bullock following the central bank’s August monetary policy decision, and how these decisions can impact the economy and the currency market. In
The short term Elliott Wave view in Oil (CL) indicates that the cycle from the 4.12.2024 high is currently in progress as a 5 waves impulse Elliott Wave structure. This suggests that there are clearly defined waves that are driving the movement in the commodity market. Breaking down the wave structure further, we can see
Carry trades have long been a popular strategy in the FX space, involving borrowing in a low-interest-rate environment to invest in a higher-interest-rate environment. Specifically, for the USD/JPY pair, carry trades typically involve being long on the US dollar or short on the Yen. These trades often utilize leverage to amplify returns, which can lead
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has been on a selling spree when it comes to Bank of America shares. Over the course of 12 consecutive days, Berkshire Hathaway has sold a total of 19.2 million BofA shares, totaling almost $779 million at an average selling price of $40.52 per share.