The USD experienced a bit of a rollercoaster on Monday but managed to recover on Tuesday. The market sentiment seems to have shifted, allowing the US Dollar to gain ground and hover near the 103.00 mark. This recovery can be attributed to an improvement in market sentiment, as well as the absence of any significant
The JP 225 stock index has experienced a significant drop to a 10-month low of 30,361, marking a 21% decline at the start of the month. This plunge has been attributed to recession fears in the US and a bullish cycle of the yen, creating a pessimistic outlook for investors. The index has seen its
Recent data released by the Toronto Regional Real Estate Board (TRREB) indicates that the Greater Toronto area experienced a decline in home sales in July. This decrease comes after a surprising rise in June, breaking a four-month streak of declining home deals. Seasonally adjusted sales dropped by 1.7% in July, following a 3.2% increase in
The recent minutes from Brazil’s central bank policy meeting on July 30-31 revealed a strong willingness to take action in order to bring inflation down to its target. The central bank emphasized the need for increased vigilance as inflation expectations continue to rise, potentially leading to a de-anchoring of expectations. The policymakers expressed their readiness
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The current Elliott Wave analysis in the oil market suggests that the cycle from the 4.12.2024 high is currently in progress as a 5-wave impulse Elliott Wave structure. This analysis provides valuable insights into the potential future movements of oil prices based on historical patterns and wave counts. Breaking down the wave analysis further, we
The Reserve Bank of Australia (RBA) plays a crucial role in managing the country’s monetary policy. Governor Michele Bullock recently addressed the media following the August central bank meeting, where the decision was made to keep the key interest rate stable at 4.35%. This decision marks the sixth consecutive meeting where the rate has remained
Carry trades have become increasingly popular in the FX space, as they involve borrowing in a low-interest-rate environment to invest in a higher-interest-rate environment. When it comes to the USD/JPY currency pair, carry trades typically involve being long on the US dollar or short on the Yen. This strategy often leads to exaggerated movements in
Warren Buffett’s Berkshire Hathaway has been steadily offloading Bank of America shares over the past 12 consecutive days. This recent selling spree culminated in the shedding of 19.2 million BofA shares, totaling nearly $779 million at an average selling price of $40.52 per share, according to a new regulatory filing. The conglomerate’s total sales of
Singapore’s central bank, the Monetary Authority of Singapore, recently announced the establishment of a task force to evaluate measures aimed at improving the city-state’s stock market. The task force is expected to focus on addressing market challenges, fostering listings, and enhancing regulations to boost market revitalization and investor confidence. Despite the Straits Times Index showing
The crypto market experienced a loss of 0.75% in just 24 hours, bringing the total market value down to $2.29 trillion. This decline followed a trend of negativity in cryptocurrencies compared to the positive movement in equities the day before. The market sentiment index is currently at 57, indicating a sense of greed among traders.
The US Dollar (USD) faced significant selling pressure after the release of the July jobs report, which fell short of market expectations. The DXY index, a measure of the USD’s performance, dropped to its lowest level since March, approaching 103.20. This downward trend was largely driven by the Federal Reserve’s (Fed) readiness to respond to