The recent appointment of Alan Taylor, an economics professor specializing in international economics and financial crises, to the Bank of England’s Monetary Policy Committee has drawn attention from economists and financial experts alike. Taylor, a British-born professor currently at Columbia University in New York, brings a wealth of experience from both academia and the financial
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The recent uptick in the U.S. stock market has been quite significant, with the S&P 500 and Nasdaq recording their biggest weekly percentage gains since late October. This positive momentum has been attributed to the easing of fears of an economic downturn. Investors are now eagerly awaiting the Jackson Hole Economic Symposium, hoping for more
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Silver prices have been fluctuating in the market, affecting investors and traders who closely monitor its movements. Understanding the factors that influence silver prices is crucial for making informed financial decisions. In this analysis, we will delve into the various aspects affecting the price of silver and how it compares to other precious metals, particularly
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Crude oil prices have been struggling to break through the $80.00 resistance zone, making it a challenging task for bulls to maintain control. The 4-hour chart of XTI/USD shows a recent spike above $80.00 but was quickly met with selling pressure, signaling a potential reversal in the short term. The price is currently testing the
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The recent performance of the Nasdaq 100 has left investors on edge, with the benchmark US stock index recording a monthly loss of -1.6% in July. This marked it as the worst-performing among its peers like the S&P 500, Dow Jones Industrial Average, and Russell 2000. The global risk-off behavior that unfolded over the past
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The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, showing an increase of 0.36% on the day. The improvement in Chinese July Retail Sales has provided a boost to the Australian Dollar (AUD), while uncertainty surrounding the Bank of Japan (BoJ) rate hike could potentially weigh on the Japanese Yen (JPY). Chinese
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The recent US CPI Report has sparked discussions among experts regarding the Fed rate path and its implications on the forex market. According to Arch Capital Global Chief Economist Parker Ross, core services inflation saw a notable increase in July, catching the attention of the Federal Reserve. The CPI Report has shifted the focus towards
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In the current financial landscape, Asian stocks are holding firm, showcasing resilience amidst global economic uncertainties. The dollar, on the other hand, is struggling with lower U.S. Treasury yields, signaling potential interest rate cuts by the Federal Reserve in the near future. Regional equities, particularly in Japan and Australia, have been showing positive signs with
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