Investor confidence is on the rise as anticipation builds for Federal Reserve Chair Jerome Powell’s upcoming speech. Stock markets around the world are showing signs of positivity, with Asian shares reaching a one-month peak and stock futures pointing towards a positive open in London and New York. The possibility of dovish rhetoric from Powell is
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The New Zealand Dollar has shown strong gains in the Asian session on Tuesday, driven by positive market sentiment that has weighed on the US Dollar. Investors are closely watching the People’s Bank of China (PBoC) rate decision, as well as upcoming Fedspeak scheduled for Tuesday. The PBoC decided to maintain the one-year and five-year
Gold prices have been on a remarkable upward trajectory, with the precious metal hovering around $2500 per troy ounce. This surge can be largely attributed to the increased demand for safe-haven assets in light of ongoing geopolitical tensions. The focus remains on the conflict in the Middle East, especially with U.S. Secretary of State Antony
In today’s volatile market, investors are seeking ways to protect their investments from potential downturns. One strategy gaining attention is the use of buffer exchange-traded funds (ETFs) to mitigate risk while still gaining exposure to the market. Buffer ETFs, such as those offered by Innovator ETFs, provide investors with a level of downside protection while
The USD/JPY pair faced challenges in capitalizing on its slight upward movement during the Asian session, failing to maintain momentum towards the 148.00 mark. Currently hovering just below the mid-147.00s, the pair is at risk of continuing its retracement from the recent two-week high. One of the key factors hindering significant gains for the USD/JPY
The recent economic data coming out of China has painted a bleak picture of the country’s economic health. With new home prices plummeting, industrial output slowing, export and investment growth declining, and unemployment on the rise, the pressure is mounting on Beijing to take decisive action to jumpstart growth. While there were some data points
As investors turn their attention towards the potential for Fed rate cuts in 2024, the US dollar is facing a critical week. The upcoming FOMC Meeting Minutes on August 21 will be closely scrutinized, with a focus on the sentiment towards the US economy, the labor market, and the Fed rate path. These factors are
Indonesia’s outgoing government recently submitted a 2025 budget plan to parliament targeting a narrower deficit and higher expenditure than the current year. The budget proposal, worth 3,613.1 trillion rupiah, projects a deficit of 2.53% of GDP – narrower than this year’s 2.7%. This move signifies that Southeast Asia’s largest economy intends to remain fiscally prudent
The recent surge in the US stock market can be attributed to positive economic data that has alleviated concerns about an impending recession. Following a significant sell-off earlier in the month, the S&P 500 has managed to bounce back by over 6%. This recovery has been fueled by reports on retail sales, inflation, and producer
China’s People’s Bank of China Governor, Pan Gongsheng, recently stated in state media interviews that the financial risks in China have significantly decreased, including those stemming from local government debt. According to Pan, the central bank will collaborate with the Ministry of Finance to ensure that China achieves its annual growth targets. He emphasized that
The NZD/JPY pair has experienced a slight increase, reaching 89.30 and approaching the 20-day Simple Moving Average (SMA). This movement suggests that there may be some bullish momentum in the market. Looking at the Relative Strength Index (RSI), it is hovering around the 50 mark. This indicates that the market is neither oversold nor overbought
As per the recent analysis, the bearish scenario suggests selling positions below 2470 with intraday profit targets at 2463, 2460, and 2456. It is recommended to place a stop loss above 2473 or at least 1% of the account capital. Conversely, the bullish scenario recommends buying positions after a pullback above 2460 with profit targets