Gold has been outperforming other assets, with a seven-month winning streak that has seen the precious metal increase in value by 21% since the beginning of the year. This impressive performance has caught the attention of investors and analysts alike, who are now pondering whether this upward momentum will continue in September or if gold
Economists are predicting an increase in the ISM Manufacturing PMI from 46.8 in July to 47.8 in August. This data, while only accounting for less than 30% of the US economy, is crucial in shaping expectations of a soft landing for the US economy. However, investors should pay close attention to the subcomponents of the
Bank Negara Malaysia is anticipated to hold its key interest rate steady, according to a recent poll of economists conducted by Reuters. This decision comes as the country’s economic growth remains robust, with inflation levels being well-controlled. Despite the stability in inflation at 2.0%, the Malaysian ringgit has experienced a significant turnaround, transitioning from one
CrowdStrike Holdings, Inc. is a cybersecurity technology company based in Austin, Texas, providing various security services such as cloud workload and endpoint security, threat intelligence, and cyberattack response. The market forecast for CrowdStrike made three years ago has been analyzed, focusing on the completion of market cycles, impulse waves, corrections, and future projections based on
Bitcoin’s price has been closely monitored, especially in relation to its movement within the bounds of two channels: a bullish channel that began forming in 2023 and a bearish channel that started taking shape in March 2024. The bullish channel came into existence on the back of Bitcoin ETF approval rumors, while the bearish channel
New Zealand house prices are expected to rise by 6% next year following a recent decline. Despite a significant increase in interest rates, home prices are still close to their peak in November 2021. This indicates that the housing market in New Zealand has been resilient, despite the challenges posed by the COVID-19 pandemic. The
China’s first venture into creating a top-tier video game has taken the world by storm, setting new records and showcasing the nation’s potential in the global gaming landscape. Black Myth: Wukong, an action-packed game set in mythological China, made an impressive debut by selling over 10 million units within just three days of its release
The influence of party affiliations on the economic growth of the United States has been a subject of significant interest and controversy. While some studies suggest a connection between the party in power and economic performance, it is essential to recognize that numerous variables contribute to economic growth. It is crucial to understand that economic
The recent manufacturing sector data from China has given mixed signals, with the Non-Manufacturing PMI increasing unexpectedly while the Manufacturing PMI fell slightly. This has led to uncertainty in the market regarding China’s economic performance and its impact on global trade. The steel market demand in China is expected to rebound in September, which could
Recent data released by the Ministry of Finance in Japan has revealed that corporate spending on plant and equipment has increased by 7.4% year-on-year in the second quarter. This impressive growth is contributing to expectations of a domestic-led recovery in economic growth for the country. The strong expenditure numbers are anticipated to play a crucial
The US inflation rate, as measured by the PCE Price Index, remained steady at 2.5% year-over-year in July. This stability in inflation has contributed to the strength of the US economy, causing the US Dollar to gain ground in the foreign exchange market. However, with inflation showing signs of tapering off, the Federal Reserve (Fed)
Recently, gold has been struggling to surpass the $2525 per ounce mark on the spot market. Despite facing resistance at this level, there have been numerous attempts to break through, indicating strong buying pressure. A pattern of diminishing pullbacks and increasing rallies suggests a potential breakout to historical highs in the near future. Examining the