The USD/JPY currency pair is experiencing a continuous negative momentum, marking its fourth consecutive day of decline as it hovers precariously near its year-to-date (YTD) lows. This decline has been primarily influenced by contrasting monetary policies between the Federal Reserve (Fed) and the Bank of Japan (BoJ). As the market anticipates crucial central bank meetings
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The Dollar Index (DXY) is currently at $102.911, showing a slight decrease of 0.06% for the day. The index recently retraced to the 38.2% Fibonacci level at $103.039, where a bearish engulfing candle appeared on the 4-hour chart. This indicates the possibility of a further downward correction. The 50-day and 200-day EMAs, located at $103.027
Gold prices have recently rebounded after a post-CPI selloff that initially pushed the precious metal down to around $2438/oz. This movement was somewhat unexpected, especially considering that US CPI figures were below expectations. The market reaction to the data led to a reduction in rate cut expectations, which may have contributed to the dip in
The introduction of Zeekr’s new batteries marks a significant milestone in the electric vehicle industry, with the company claiming to have the fastest charge in the world. This innovation aims to address consumers’ concerns regarding battery driving range and ease of charging, which have been longstanding barriers to widespread adoption of electric cars. According to
A recent federal appeals court decision has further extended an injunction blocking President Joe Biden’s administration from implementing a student debt relief plan aimed at easing the burden for millions of borrowers. The ruling, issued by the 8th U.S. Circuit Court of Appeals, came in response to a request from seven Republican-led states. The decision
In times of market turbulence and volatility, investors often seek refuge in bonds. With the recent fluctuations in the market, it is crucial to consider the potential benefits of incorporating bonds into one’s investment portfolio. Bonds offer stability, income, and diversification, which can help investors navigate uncertain market conditions. According to Joanna Gallegos, the co-founder
Investors around the globe are closely eyeing the upcoming release of the Job Openings and Labor Turnover Survey (JOLTS) data in the US. This data, which is set to be published by the US Bureau of Labor Statistics (BLS) on Tuesday, is expected to shed light on the number of job openings in June. The