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
Nee Naan Kadhal
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.
The NZD/JPY pair has experienced a slight increase, reaching 89.30 and approaching the 20-day Simple Moving Average (SMA). This movement suggests that there may be some bullish momentum in the market. Looking at the Relative Strength Index (RSI), it is hovering around the 50 mark. This indicates that the market is neither oversold nor overbought
European policymakers have been longing for bigger banks across the continent, and Italy might be on the verge of delivering just that with a bumper round of mergers and acquisitions. Years after a sovereign debt crisis and a government rescue for Banca Monte dei Paschi (BMPS), the Italian banking sector is now catching the attention
The landscape of wealth management is rapidly changing, with major Wall Street banks like Morgan Stanley now allowing financial advisors to offer bitcoin ETFs to eligible clients. This groundbreaking move signifies a shift in the traditional approach to investing, as more mainstream finance institutions begin to embrace the world of digital assets. Morgan Stanley’s decision
The NZD/USD pair has been trading on a stronger note around 0.5915 in Wednesday’s Asian session, with a 0.17% increase on the day. This positive movement can be attributed to the better-than-expected Chinese Manufacturing Purchasing Managers’ Index (PMI) data for July. The Chinese PMI readings, which showed an improvement in manufacturing activity, have provided support