The USD/JPY pair has seen a slight uptick, reaching 145.95 on Wednesday morning after hitting two-week lows. This upward movement, while encouraging, may not indicate a significant trend reversal given the uncertain economic conditions. Market players are treading carefully as they await crucial US employment data for August, which is expected later this week. The
The silver price has been on a downward trend for the fourth consecutive day, currently hovering around $27.90 during Wednesday’s early European session. The decline of 0.55% can be attributed to several factors including a stronger USD and concerns about Chinese demand. The recent slowdown in China’s service activity growth, as indicated by the drop
The semiconductor stocks in Asia experienced a decline on Wednesday morning due to the substantial drop in Nvidia’s share price in the U.S. This reaction was triggered by Nvidia’s over 9% decline in regular trading, which reverberated through the semiconductor sector as a whole. The sell-off on Wall Street was intensified by economic data released
The repercussions of soft U.S. manufacturing data were felt across the global financial markets as the safe-haven Japanese yen saw a significant rally. The Australian dollar and sterling, on the other hand, struggled as traders opted for safer investments following a sharp sell-off on Wall Street. The negative sentiment was exacerbated by fears of a
China’s property sector struggles and U.S. sanctions have had significant impacts on various cities across the country. The Milken Institute’s best performing cities China index has been studying China’s large- and mid-sized cities since 2015, analyzing their economic vibrancy and growth prospects. Hangzhou, the capital of the eastern Zhejiang province and home to tech giants
The Japanese Yen has seen a slight uptick as the government announced a substantial allocation of ¥989 billion towards energy subsidies. This move has provided support to the currency amid economic uncertainties and challenges. Recent weak manufacturing data in Japan has led to speculation that the Bank of Japan (BoJ) might delay any further rate
When analyzing the potential impact of the ISM Manufacturing PMI on USD/JPY trends, it is important to consider a multitude of factors that can influence the currency pair’s movement. Economists are predicting an increase in the ISM Manufacturing PMI from 46.8 in July to 47.8 in August, with better-than-expected numbers potentially supporting expectations of a
Gold has been performing exceptionally well in the past seven months, experiencing a continuous upward trend and achieving a 21% increase this year. This impressive streak has left many investors wondering if this momentum will carry on into September or if a correction is imminent. The future trajectory of gold prices rests heavily on upcoming
Bank Negara Malaysia (BNM) is anticipated to maintain its key interest rate at 3.00% on Thursday, as indicated by a recent Reuters poll. The central bank is likely to sustain this rate steady until at least 2025 due to robust economic growth and controlled inflation. Despite inflation being at a manageable 2.0%, the Malaysian ringgit
CrowdStrike Holdings, Inc. (CRWD) is a cybersecurity technology company based in Austin, Texas. It specializes in providing cloud workload and endpoint security, threat intelligence, and cyberattack response services. The article discusses a forecast made three years ago, analyzing the market cycle and potential corrections in the stock price. The initial forecast predicted the end of
As of 9 August, the long-term BTC/USD chart displayed Bitcoin’s price movement within two distinct channels: a bullish channel and a bearish channel. The bullish channel, indicated in blue, originated in 2023 following rumors of Bitcoin ETF approval. On the other hand, the bearish channel, marked in red, began to take shape in March 2024,
New Zealand house prices are expected to make a significant turnaround in the upcoming year, with a forecasted increase of 6% as a result of interest rate cuts by the Reserve Bank of New Zealand. Despite a recent decline, home prices in New Zealand are closer to their peak in November 2021, standing just 19%