The recent market trends have shown that while Non-Farm Payrolls (NFPs) may not appear to be weak initially, there is a lack of sustained buying pressure. The anticipated buying squeeze turned out to be short-lived, with shifting rate cut odds influencing the market sentiment. Despite the mention of a 50 basis point (bp) rate cut
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The notion of a significant manufacturing resurgence in the United States has become a focal point in political discourse in recent years. Both the current and previous administrations have put forth ambitious plans to revitalize the manufacturing sector through initiatives such as tariffs, tax incentives, and government investments. However, data suggests that U.S. manufacturing has
French Prime Minister Michel Barnier, known for his role in negotiating Brexit for the European Union, has been appointed as Prime Minister of France by President Emmanuel Macron. This comes at a critical time as France is facing deep political fault lines and a divided parliament. President Macron’s decision to appoint Barnier reflects his belief
Visa recently announced its plans to introduce a dedicated service for bank transfers in Europe, bypassing the traditional credit card and direct debit process. This new service, known as account-to-account (A2A) payments, is set to revolutionize the way consumers make and manage payments online. The Problem with Direct Debits Currently, when consumers set up payments
The USD/JPY pair has experienced a minor increase, reaching 145.95 on Wednesday morning. This upward movement seems to signify a rebound from recent two-week lows, but it may be premature to anticipate a significant shift in the trend considering the uncertain economic conditions. As market participants remain cautious, all eyes are on the upcoming US
China’s property struggles and U.S. sanctions have had a significant impact on various cities in the country, according to the Milken Institute’s best performing cities China index. Hangzhou, the capital of the eastern Zhejiang province, and home to tech giants like Alibaba, ranked first in this year’s rankings. This success can be attributed to the
US inflation, as measured by the PCE Price Index, remained steady at 2.5% YoY in July. This stability has had an impact on the strength of the US Dollar, which has been gaining due to the perception of a robust economy despite the subdued inflation rates. The labor market remains a focal point for the
The recent US Personal Consumption Expenditures (PCE) report has sent shockwaves across the market, particularly affecting the price of gold. Following the report, there has been a significant drop in gold prices, with it slipping below $2,500. This fall has further fueled expectations of a rate cut by the Federal Reserve in September. The Fed’s
At the ripe age of 94, Warren Buffett, the investment magnate, saw Berkshire Hathaway surge to a market capitalization of over $1 trillion, marking a historic milestone. Howard Marks, a distinguished investor and close friend of Buffett, attributes his enduring success to a meticulously crafted strategy executed with unwavering discipline, consistency, and exceptional insight. According
The euro has recently seen a decline from its previous highs, facing strong resistance at the 1.12000 level. After two unsuccessful attempts to break through this resistance, the price has corrected to 1.1100 and seems to be range-bound between 1.1200-1.1090. A potential downward correction could occur if the price breaks and holds below 1.1090, leading
In recent trading sessions, the NZD/USD pair has experienced a significant rally, breaking through key resistance levels at 0.6050 and 0.6120. This bullish momentum has been supported by a major trend line forming with a key level of support at 0.6120, as indicated on the 4-hour chart. The pair has also managed to surpass important
Deutsche Bank economists recently stated that a rate cut by the Federal Reserve in September is highly likely, although the exact size of the reduction is still uncertain and dependent on data. They believe that the upcoming rate cut will be primarily influenced by labor market data. The bank’s current forecast is for a 25