The policymakers in China are currently evaluating a proposal to increase the retirement age in the country, which is currently one of the lowest in the world. The discussions took place during the 11th meeting of China’s Standing Committee in Beijing, highlighting the gravity of the situation. This move is seen as a crucial step
The recent debate between Republican Donald Trump and Democratic Vice President Kamala Harris has left Wall Street investors on edge. Despite a heated exchange over various topics, including the economy and immigration, the lack of clarity on key policy issues has left many uncertain about the impact on financial markets. The debate did little to
Shane Oliver recently shared his insights on the US Jobs Report and its potential impact on the AUD/USD exchange rate. He highlighted the significance of the US CPI Report in determining near-term trends for the currency pair. Oliver suggested that weaker-than-expected US inflation figures could outweigh softer Australian consumer inflation expectations, leading to a possible
The recently released UK labour market data has shown a positive outlook with employment growth exceeding expectations. This news has created a bullish impulse for the pound, with GBP/USD rising initially. However, the fact that the pair retraced towards its initial levels shortly after the release indicates a struggle for bulls to capitalize on the
The United Kingdom has long been a hub for innovation and technology, but it seems that the country is struggling to capitalize on its potential on the global stage. Former CEO of British chip design firm Arm, Warren East, expressed concerns about the lackluster growth and poor GDP per head in the UK, calling it
Shigeru Ishiba, a former Japanese defense minister and candidate in the ruling party’s leadership race, emphasized the significance of completely exiting deflation in Japan. Despite some improvements, Ishiba expressed his concern that private consumption has not yet fully recovered. He pledged to achieve sustainable growth in real wages to ensure a full exit from deflation,
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The gold price has been experiencing some fluctuations recently as the US Dollar gains strength due to reduced expectations of a 50 basis points (bps) rate cut by the Federal Reserve. As traders eagerly await the US inflation numbers for a fresh impetus, the technical setup hints at a potential breakout through a short-term trading
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The U.S. Federal Reserve is currently under scrutiny for its upcoming meeting where a rate cut is widely expected. Analysts are divided on the extent of the rate cut, with some suggesting a jumbo 50 basis point reduction. Michael Yoshikami of Destination Wealth Management believes that a larger cut would demonstrate the central bank’s readiness
The correlation between EUR/CHF and European stock indices, such as the France CAC and Germany DAX, has been remarkably high in recent times. This high positive correlation, with coefficients reaching 0.82 and 0.84, indicates a strong relationship between the movement of the currency pair and the performance of these key European benchmarks. The synchronized movements
With futures tied to Wall Street’s main indexes rebounding from heavy losses last week, investors are cautiously optimistic about the prospects of a soft landing for the U.S. economy. The rebound comes ahead of a crucial inflation report later in the week, which will provide further insights into the economic health of the country. Despite