The anticipation of Federal Reserve Chair Jerome Powell’s speech at the end of the week has sparked a wave of optimism in global markets. Asian shares reached a one-month peak, while stock futures indicate a positive opening for London and New York. In a surprising turn, even Japan’s Nikkei index climbed to its highest level
The recent sinking of the luxury yacht Bayesian off the coast of Sicily has left a tragic aftermath with six people missing, including British tech entrepreneur Mike Lynch. The violent storm that struck the 56-meter-long sailboat led to the loss of one life on board and left authorities scrambling to locate the missing individuals. Among
The USD/CHF pair has been trading in negative territory for the past few days, currently hovering near the 0.8620 mark. The primary reason for this downward pressure on the pair is the expectation of three quarter-point rate cuts by the Federal Reserve (Fed) this year. This anticipation has been fueled by a discouraging July US
The New Zealand Dollar has gained momentum in Tuesday’s Asian session as positive risk sentiment weighs on the US Dollar, resulting in a rise in the NZD/USD pair. Investors are now eagerly awaiting the People’s Bank of China (PBOC) rate decision and Fedspeak on Tuesday for further market cues. The People’s Bank of China (PBOC)
The price of gold has been on a steady rise, with it hovering around $2500 per troy ounce, reaching record peaks. The surge in gold prices can be attributed to the increased demand for safe-haven assets amidst ongoing geopolitical tensions, particularly in the Middle East. The conflict in this region has intensified, with U.S. Secretary
As the market continues to experience volatility, investors are seeking ways to protect their investments. One strategy that has gained attention is investing in buffer exchange-traded funds (ETFs). These ETFs provide a level of downside protection while still offering exposure to the market. According to Bruce Bond, CEO of Innovator ETFs, buffer ETFs can be
The recent economic data from China has painted a grim picture, with indicators showing a further slowdown in the growth of the world’s second-largest economy. New home prices, industrial output, export, and investment growth have all faced setbacks, pushing policymakers to consider implementing more stimulus measures to reach the targeted growth rate of 5% for
The US dollar is in the spotlight this week as investors eagerly await news on potential Fed rate cuts. With talks of a US hard economic landing looming, all eyes are on the upcoming FOMC Meeting Minutes scheduled for August 21. Any hints on the US economic outlook, labor market conditions, and future rate adjustments
The USD/JPY pair made some gains on Monday, but it has been struggling to maintain its upward momentum. Despite reaching the 148.00 mark in the Asian session, the pair has since dropped to a fresh daily low below the mid-147.00s. This indicates that there are significant challenges preventing the pair from capitalizing on its modest
The Dollar Index (DXY) is currently trading at $102.911, experiencing a slight decrease of 0.06% for the day. Recently, the index retraced to the 38.2% Fibonacci level at $103.039, resulting in the formation of a bearish engulfing candle on the 4-hour chart. This indicates the possibility of a further downward correction. The presence of the
Indonesia’s outgoing government recently submitted a 2025 budget plan to parliament, signaling a commitment to maintaining fiscal prudence under the next president. The budget proposal, prepared by ministers under outgoing President Joko Widodo and president-elect Prabowo Subianto’s economic team, aims for a narrower deficit of 2.53% of GDP next year, compared to this year’s expected
In the realm of trading, particularly in the XAUUSD market, having a clear strategy is essential for success. The article highlights two key scenarios for traders to consider: a bearish scenario with sell positions below 2470, and a bullish scenario with buying positions after a pullback above 2460. On the daily timeframe, price consolidation is