Recent economic predictions suggest that Bank Negara Malaysia (BNM) will maintain its key interest rate throughout 2025. Despite robust growth and controlled inflation, all 30 economists surveyed in a recent Reuters poll unanimously agreed that the overnight policy rate will remain at 3.00% on September 5. Additionally, a median prediction from a smaller sample indicated
Nee Naan Kadhal
Gold has been attempting to break through the glass ceiling at $2525 an ounce on the spot market for the past two weeks. The consistent battle between pullbacks and rallies near this resistance level indicates strong buying pressure. If this trend continues, we can anticipate a breakout to historical highs in the near future. A
China’s manufacturing sector faced a setback in August as it slowed to a six-month low, according to an official factory survey. This decline, as indicated by the Purchasing Managers’ Index (PMI), has raised concerns about the country’s economic growth prospects. The official PMI fell to 49.1 in August from 49.4 in July, marking the fourth
The EUR/USD pair saw some upward movement, trading near 1.1080 in the early Asian session on Friday. This came after the US Gross Domestic Product (GDP) growth rate exceeded expectations in the second quarter, as reported by the Department of Commerce. The figure of 3.0% annual growth outperformed the forecast of 2.8%, signaling a strong
The NZD/USD pair is showing strength around the 0.6280 level in the early Asian session, marking a 0.57% increase for the day. This upward movement can be attributed to New Zealand’s Business confidence reaching the highest level in a decade, according to the recent ANZ Business Outlook survey. The surge in business confidence has provided
When it comes to making financial decisions, it is crucial to conduct thorough due diligence checks. The information provided on websites, including general news, personal analysis, and opinions, should be used for educational and research purposes only. It is not intended as a recommendation or advice to take any specific action, such as making an
As the Indian Rupee weakens in Tuesday’s early Asian session, several global economic events are contributing to this trend. Month-end USD demand and higher crude oil prices are two significant factors that weigh on the INR. Traders are also keeping a close eye on the US August CB’s Consumer Confidence report ahead of key events
The recent dovish shift in the monetary policy of the U.S. Federal Reserve is expected to have significant implications for the Bank of Japan’s efforts to manage a weak yen. This shift, as articulated by Fed Chair Jerome Powell at the annual symposium in Jackson Hole, Wyoming, signals a readiness to cut rates in response
The S&P 500 showed signs of recovery after a weak Thursday close, with subtle clues indicating that interest rate sensitive plays were set to outperform largecaps. This insight was shared with clients, hinting at a strong week ahead. The lack of protest from rates and growing confidence in a soft landing contributed to this shift.
The industrial profit figures from China, set to be released on Tuesday, August 27, are expected to play a significant role in influencing buyer demand for the Australian dollar. Economists are predicting a slight decrease in industrial profits by 0.2% year-on-year. Such a decline may indicate a weakening demand environment, which could have a negative
When it comes to trading foreign exchange, it is crucial to understand the risks involved. Trading on margin carries a high level of risk, which may not be suitable for all investors. The high degree of leverage can work against you, leading to significant losses. Before diving into foreign exchange trading, it is essential to
The recent rail stoppage in Canada, initiated by the two biggest freight rail operators CN and CPKC, has the potential to devastate the country’s economy. Economists and analysts warn that if the stoppage continues for weeks, Canada could see a significant shrinkage in its GDP, leading to job losses and a rise in consumer prices.