When it comes to investing, it is important to be aware of the risks and uncertainties involved in forward-looking statements. While the information provided may be insightful, it should not be taken as a solid recommendation to buy or sell any assets without conducting thorough research first. Investing in open markets comes with a significant
Despite the weaker growth forecasts in Japan, there is still investor speculation on a potential Bank of Japan (BoJ) rate hike in July. Economic indicators set to be released on Wednesday and Friday could play a crucial role in determining the BoJ’s policy maneuvers on July 31. Economists are anticipating an increase in the Jibun
Berkshire Hathaway, the conglomerate led by Warren Buffett, made a significant move by trimming its gigantic holding of Bank of America shares for the first time in over four years. This decision came after Bank of America’s strong performance in 2024, where the bank saw a substantial rally of 27.4% in its stock price. The
Ukraine recently announced a preliminary agreement with a bondholder group to restructure a massive $19.7 billion in debt. This ad hoc group, representing 22% of the bonds, has shown support for the deal, along with additional investors holding 3% of the bonds. The agreement includes significant measures that are subject to bondholders’ approval. One of
The NZD/USD pair has been experiencing a notable downturn, currently trading around 0.5996. This decline is influenced by a variety of factors, including global political developments and domestic monetary policy expectations. The recent announcement by US President Joe Biden that he will not seek re-election in 2024 unexpectedly strengthened the US dollar. Biden’s backing of
The New Zealand Dollar (NZD) has been experiencing a downtrend in the forex market, with experts predicting that it could drop below the 0.6000 level. The recent analysis by UOB Group FX strategists Quek Ser Leang and Peter Chia suggests that there is still room for the NZD to weaken further. Looking at the 24-hour
The EUR/USD pair has been showing signs of a steady increase, surpassing the 1.0910 resistance level. This positive momentum has allowed the pair to move into a bullish zone, with key support levels now forming at 1.0870. The pair has tested the 1.0950 resistance zone and is currently correcting gains, with a slight drop below
China’s recent decision to lower key short-term policy rates and benchmark lending rates has caught the market off guard. The move comes in response to weaker-than-expected second-quarter economic data and the country’s ongoing challenges like the looming threat of deflation, a property crisis, surging debt levels, and weak consumer and business sentiment. Analysts suggest that
China recently announced cuts to both short and long-term interest rates in an effort to support economic growth. The move came shortly after the release of a policy document outlining the country’s economic ambitions. This decision has sparked discussions among experts on the implications and motivations behind the rate cuts. Ben Bennett, Head of Investment
EUR/USD has seen an increase up to 1.0895 in Monday’s early Asian session, showcasing a 0.12% rise on the day. This surge comes as the US Dollar faces a decline, providing some support for the major pair. The German Retail Sales for May are expected later in the day, as well as the US Chicago
The new finance minister of the United Kingdom, Rachel Reeves, is facing a significant challenge as she considers whether to approve inflation-busting pay increases for almost 2 million government employees. This move comes as two pay review bodies have recommended a substantial 5.5% wage rise for 460,000 teachers and 1.4 million staff in the state-run
On Monday, July 22, the People’s Bank of China (PBoC) is expected to announce the one-year and five-year Loan Prime Rates (LPR). Economists predict that the rates will remain steady at 3.45% and 3.95%, respectively. However, any unexpected cut in the rates could potentially fuel demand for the Australian dollar. Lower lending rates could lead