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.
The Australian Dollar has experienced fluctuation in response to recent economic data, particularly the Producer Price Index (PPI) figures. The Q2 PPI revealed a significant increase of 4.8% YoY, surpassing Q1’s 4.3%. This acceleration has raised concerns about the Reserve Bank of Australia’s (RBA) response, with market expectations leaning towards a rate cut by the
PortfolioPilot, an automated financial advisor, is making significant waves in the wealth management industry by accumulating $20 billion in assets within a short span of time. This AI-driven service, developed by Global Predictions, has witnessed a meteoric rise in its user base, attracting over 22,000 users in just two years of its launch. The recent
Singapore’s stock market has faced challenges such as thin trading volumes and more delistings than listings. This has caused some to label the market as “boring” and “unexciting.” The turnover velocity at the SGX has also been significantly lower compared to other exchanges in the region. To address these issues, the Monetary Authority of Singapore
The recent announcement of Google’s non-exclusive license agreement with Character.AI has sparked discussions and debates within the tech industry. This deal signifies a strategic move by Alphabet to acquire the chatbot maker’s large language model technology, further strengthening its AI capabilities. Similar to previous deals struck by Microsoft and Amazon, Google’s agreement with Character.AI is
The global financial markets were hit hard by recession fears, with major share indices in Asia plunging deep into the red. The concerns stem from the possibility of the United States slipping into a recession, triggering a massive wave of risk aversion among investors. This has led to a growing belief that interest rates will