The recent sell-off in Wall Street has led to a surge in the safe-haven Japanese yen, while riskier currencies like the Australian dollar and sterling have been struggling. This shift in market sentiment was triggered by soft U.S. manufacturing data, which has raised concerns about a potential hard landing for the world’s largest economy. Traders
0 Comments
Following a significant drop in Nvidia’s stock price, Asian semiconductor stocks experienced a decline during morning trading. The U.S.-based chipmaker, Nvidia, saw a sharp decrease of over 9% in regular trading, which subsequently influenced the semiconductor sector in Asia. This downward trend was part of a broader sell-off on Wall Street, triggered by concerns regarding
0 Comments
China’s urban landscape is experiencing significant fluctuations due to a combination of property struggles and U.S. sanctions. The Milken Institute’s recent report highlights the contrasting fortunes of various Chinese cities, with some thriving on Beijing’s tech advancements while others face challenges in the real estate sector. The latest edition of the index assesses large- and
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments