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
The recent release of Australian economic data has shown an increase in the consumer price index (CPI) to 3.6% year-on-year in April, up from 3.5% in March. This uptick in inflation has led to questions about the Reserve Bank of Australia’s (RBA) future interest rate decisions. However, it is unlikely that this slight increase will
In recent years, there has been a noticeable shift in the travel preferences of Chinese tourists. A survey conducted by consulting firm Oliver Wyman revealed that only 14% of high-income households in mainland China, earning at least 30,000 yuan a month, who traveled internationally last year are planning to go abroad again in 2024. The
The Wall Street is set to undergo a significant change in trading settlements, with trades needing to be settled by the end of the next business day, known as “T+1 settlement.” This acceleration from the previous two-day settlement process aims to make the trading system more efficient and improve overall market resilience. While this change
Gold prices have been steadily climbing, reaching 2351.00 USD per troy ounce on Tuesday. This surge in gold prices can be attributed to a weakening US dollar and anticipation of crucial US inflation data set to be released later in the week. Investors are closely monitoring the situation, with the upcoming data likely to shed
The recent rise in the price of WTI crude oil by approximately 1% on Monday has been attributed to several key factors. One of them is the upcoming OPEC+ meeting scheduled for 2 June. Additionally, there are expectations of high fuel demand with the start of the summer driving season and holiday season in the
The potential interest rate cut announced by the European Central Bank (ECB) on 6 June seems to have been largely anticipated by the markets. Despite this, uncertainty remains regarding the timing of future rate cuts and the forecast for Eurozone core inflation levels. This ambiguity may result in a further widening of the spread between
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 current Elliott Wave analysis of Nasdaq Futures (NQ) indicates that there has been a rally from the low on 4.19.2024, which is progressing as an impulse wave. This means that there is a series of five waves moving in the direction of the overall trend. Breaking down the wave counts further, we see that
The recent tornado-spawning thunderstorms that swept through the Southern Plains and the Ozark Mountains have left a devastating trail of destruction. As of Monday afternoon, at least 21 people have lost their lives across four U.S. states, with hundreds of buildings wrecked in the process. The states affected by this natural disaster include Arkansas, Texas,
Private consumption plays a significant role in the Japanese economy, accounting for approximately 60% of the overall GDP. One crucial factor affecting household spending is the value of the Yen. A weaker Yen can lead to higher import costs, which in turn can impact the prices of goods and services. This could potentially result in
The GBP/USD pair is currently experiencing bullish momentum above the 1.2700 zone, indicating a positive trend for the British Pound against the US Dollar. A key rising channel is forming with resistance at 1.2785 on the 4-hour chart, suggesting that the pair may continue to move higher in the near future. The recent surge in