In the current financial landscape, Asian stocks are holding firm, showcasing resilience amidst global economic uncertainties. The dollar, on the other hand, is struggling with lower U.S. Treasury yields, signaling potential interest rate cuts by the Federal Reserve in the near future. Regional equities, particularly in Japan and Australia, have been showing positive signs with
Sundari
The USD/CAD pair is currently trading at around 1.3740 in the Asian session on Tuesday, with traders remaining cautious ahead of key US data releases. The US Producer Price Index (PPI) data is expected to be a significant market mover, along with a speech by the Federal Reserve’s Raphael W. Bostic. As a result, market
On a recent campaign stop in Nevada, U.S. Vice President Kamala Harris expressed her support for eliminating taxes on tips, echoing a similar stance taken by her opponent, former President Donald Trump. This move is strategic, as it aims to win over service workers, a crucial constituency in the state. Harris emphasized her commitment to
Gold prices have been experiencing significant volatility over the past week, with a 4.4% drop followed by a 2.5% rise. This rollercoaster ride can be attributed to various factors, including the global economic situation and market sentiment. One interesting aspect to note is that gold found support at its 50-day moving average during this period
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 decrease in US oil inventories by 3.9 million barrels has played a significant role in the downward trajectory of Brent crude oil prices. This unexpected reduction, surpassing the forecasted 2.5 million barrel decrease, has led to market uncertainty and contributed to the ongoing decline in oil prices. Optimism surrounding ceasefire negotiations between Israel