Japanese Finance Minister, Shunichi Suzuki, recently made statements regarding the need for actions to address foreign exchange stability. He emphasized the importance of FX stability while refraining from commenting on specific forex levels. Suzuki expressed his deep concerns about the impact of FX fluctuations on the economy, especially in light of rapid and one-sided movements.
Gold prices in India have remained relatively stable, with minor fluctuations, according to recent data from FXStreet. The price of Gold per gram and per tola has been consistent over the past few days, reflecting the broader market trends and influences affecting the precious metal. Gold has a long history of being used as a
Europe is facing a critical challenge in the realm of artificial intelligence. As highlighted by Price Constantijn of the Netherlands, the region’s predominant focus on regulating AI technology rather than fostering innovation could lead to a significant lag behind global leaders like the U.S. and China. The European Union has been particularly stringent in its
The Asian stock market has displayed a roller coaster ride in recent weeks, with fluctuating sentiments and evolving dynamics. The market sentiment seems to be characterized by uncertainty and caution, as traders brace themselves for impending key events and data releases. While some sectors like tech stocks have seen a surge, others like China stocks
The ASX 200 experienced a 1.01% decline on Wednesday as a result of hotter-than-expected Australian inflation numbers. The Monthly CPI Indicator rose from 3.6% to 4.0% in May, surpassing economists’ forecast of 3.8%. This spike in inflation has fueled investor speculation on a potential rate hike by the Reserve Bank of Australia (RBA) in August.
The recent surge in crude oil prices has been a notable event in the market. The price of crude oil managed to break through the $80.00 resistance zone, signaling a potential upward trend. However, the resistance at $82.50 posed a challenge for further gains. The formation of a key expanding triangle on the 4-hour chart
When considering investments in open markets, it is essential to be aware of the risks and uncertainties that are involved. The information provided on various platforms, including this page, contains forward-looking statements that should not be taken as concrete advice to buy or sell assets. It is crucial to conduct thorough research before making any
In a recent statement, BoJ Deputy Governor Ryozo Himino expressed his concerns about the impact of exchange-rate fluctuations on economic activity. Himino highlighted the broad and sustained effect of these fluctuations on inflation, going beyond mere import price adjustments. This acknowledgment of the complex relationship between exchange rates and economic indicators suggests a need for
In a recent interview with CNBC, Ming Wong, the vice president and CEO of Cisco Greater China, expressed Cisco’s optimism about its growing business with Chinese electric car companies as they expand overseas. Despite escalating trade tensions, Wong remains positive about the potential for growth in the EV segment, which is currently Cisco’s second-largest business
Recent signals from the Bank of Japan (BOJ) have hinted at a potential shift in its monetary policy towards quantitative tightening (QT) and a possible interest rate hike. This change in stance comes in response to renewed yen falls, which could lead to inflation surpassing the central bank’s 2% target by driving up import costs.
The short term Elliott Wave analysis for XAGUSD (Silver) suggests that the cycle from the 5.20.2024 high is still in progress, forming a double three structure. The downward movement from the high on 5.20.2024 saw wave ((a)) ending at 30.03 and wave ((b)) rallying to 32.29. Following this, wave ((c)) moved lower, ending at 29.36
The Indian Rupee has shown signs of strengthening against the weaker US dollar on Tuesday. This could be attributed to India’s inflows that might lift the INR. However, the upside might be limited due to the weakness in major Asian peers and higher oil prices. Traders are keeping an eye on the US Chicago Fed