China’s new property sales have continued to remain weak, which has also led to a decrease in steel demand and production. This is a significant factor that could potentially influence the Australian dollar to US dollar exchange rate. The recent remarks by Judo Bank Chief Economic Advisor Warren Hogan regarding the August PMI Survey and
GBPUSD has recently broken above the previous peak on 7.14.2023 high at 1.3143, showcasing a higher high bullish sequence from the 9.26.2022 low. This definitive move leaves no doubt about the direction of the pair, which is undeniably higher. The rally from the 4.22.2024 low is currently unfolding as a 5-waves impulse Elliott Wave structure.
The recent surge in the Dow Jones Industrial Average to an all-time high has caught the attention of investors around the globe. However, this milestone comes amidst a mixed finish for U.S. stock indexes as tech giants like Nvidia, Microsoft, Amazon, Meta Platforms, and Tesla decided to take a breather, causing the Nasdaq to stumble
The recent strengthening of the Japanese yen against the US dollar has been influenced by key remarks made by the Bank of Japan and the US Federal Reserve. Governor Kazuo Ueda’s hawkish comments regarding a potential adjustment of monetary policy in line with economic trends have raised expectations of an interest rate hike. This comes
The Federal Reserve’s holdings of mortgage bonds have been a subject of interest for academics and policymakers alike. In a recent paper presented at a central bank research conference, economists highlighted the central role that these holdings play in shaping the economy’s momentum. This article aims to delve deeper into the impact of the Fed’s
The recent dovish shift by the U.S. Federal Reserve is likely to have implications for the Bank of Japan’s efforts to manage a weak yen. The Fed Chair, Jerome Powell, signaled a forthcoming rate cut due to rising risks in the job market, causing market participants to anticipate easing measures. Conversely, BOJ Governor Kazuo Ueda
The Canada Industrial Relations Board has made a decision to put a stop to the work stoppages that have been plaguing the country’s largest railways. This decision comes after an unprecedented service disruption that threatened to have a significant impact on Canada’s export-driven economy. The independent labor tribunal intervened after a request from Canada to
NASA’s decision to have two astronauts return to Earth on a SpaceX vehicle due to issues with Boeing’s Starliner capsule highlights unforeseen complications that can arise in space missions. The propulsion system glitches experienced by Starliner during its flight to the International Space Station (ISS) have left astronauts Butch Wilmore and Suni Williams stranded on
The S&P 500 showed signs of recovery following a weak Thursday close. Analysts noted subtle clues hinting that interest rate sensitive plays would outperform largecaps on Friday. This trend was expected to continue throughout the week, as rates remained stable and confidence in a soft landing grew. The shift in market dynamics also affected the
In recent years, the federal government has been increasing its enforcement of revoking passports for individuals who have “seriously delinquent tax debt.” This debt threshold is set at over $62,000 and includes federal tax liabilities, penalties, and interest. The consequences of having a seriously delinquent tax debt can be significant, as travelers may not be
The economic challenges facing Turkish banks are expected to persist throughout the next year, according to Hakan Aran, the chief executive of Isbank, Turkey’s largest private bank by assets. These challenges stem from the country’s ongoing economic transformation, which has been characterized by high inflation and tightening measures implemented by Turkish authorities to stabilize the
Pavel Durov, the billionaire founder and CEO of the popular messaging app Telegram, was reportedly arrested at the Bourget airport outside Paris. According to TF1 TV and BFM TV, the arrest was made on Saturday evening. The investigation is said to be focused on the lack of moderators on the Telegram platform, with authorities suggesting