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
The recent surge in U.S. stocks can be attributed to the renewed hope for an economic soft landing, which has helped ease concerns of a looming recession. After facing a significant sell-off earlier this month, the S&P 500 has rebounded over 6% since August 5th, showcasing a rapid return to stability in the markets. This
The NZD/JPY currency pair has experienced a slight increase, reaching 89.30 and testing the 20-day Simple Moving Average (SMA). This movement indicates a potential shift in the market dynamics. Technical Indicators Analyzing the technical indicators, we observe that the Relative Strength Index (RSI) is hovering around 50. This suggests a neutral sentiment among traders. Additionally,
The content provided on financial websites often includes general news, personal analysis, and opinions intended for educational and research purposes. However, it is concerning that these articles may not always be clear in stating that they are not giving specific recommendations or advice. This lack of clarity can lead readers to make hasty financial decisions