Economists are speculating that the ISM Manufacturing PMI will see a slight increase from 46.8 to 47.8 in August. This data, while only representing a fraction of the US economy, could have significant implications for the USD/JPY exchange rate. Positive numbers may hint at a soft landing for the US economy, potentially reducing expectations of
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Bank Negara Malaysia (BNM) is expected to maintain its key interest rate at 3.00% through 2025, according to economists. The country’s inflation is at a stable 2.0%, but the Malaysian ringgit has seen a significant turnaround in recent weeks, becoming one of the strongest Asian currencies. This shift indicates that the central bank is unlikely
When analyzing the previous market cycle prediction for CrowdStrike Holdings, Inc. (CRWD), it becomes evident that the forecast was not entirely accurate. The expectation of ending an important market cycle between 303.60 and 271.69 was based on Elliott Wave Theory, specifically identifying an impulse as wave (I) and anticipating a correction as wave (II). However,
In the world of finance, it is crucial to conduct thorough due diligence before making any investment decisions. The content provided on websites may include general news, personal analysis, and opinions, but it should not be taken as specific advice. Each individual should perform their own research, consult with experts, and consider their own financial
The analysis of the long-term BTC/USD chart reveals a crucial point in Bitcoin’s price movement. The price of Bitcoin has been fluctuating within two distinct channels – a bullish channel and a bearish channel. The bullish channel, which originated from rumors of Bitcoin ETF approval in 2023, has been struggling to maintain momentum. On the
The longstanding debate surrounding the relationship between the party affiliations of U.S. presidents and economic growth has been an ongoing topic of research and discussion. While some studies have suggested a correlation between the party in power and economic performance, it is crucial to recognize that correlation does not imply causation. Complexity of Economic Growth
China’s gaming industry has taken a monumental step forward with the release of Black Myth: Wukong, a game that has shattered world records and showcased the nation’s potential in the global gaming market. The action-packed title, set in mythological China, made headlines by selling over 10 million units just three days after its launch on
New Zealand house prices are expected to see a turnaround in the upcoming year, with a projected 6% increase as a result of interest rate cuts implemented by the Reserve Bank of New Zealand, as indicated by a recent Reuters survey of property strategists. Despite facing significant interest rate hikes, the real estate market in
US inflation, as measured by the PCE Price Index, has remained steady at 2.5% year-over-year in July. The stability in inflation comes at a time when the USD is gaining strength due to the overall performance of the economy. However, despite the positive economic indicators, inflation remains a key consideration for the upcoming decisions in
Recent data from the Ministry of Finance in Japan has indicated a promising increase of 7.4% in corporate spending on plant and equipment in the second quarter. This rise in expenditure has sparked optimism for a potential domestic-led recovery in economic growth within the country. The upcoming revised gross domestic product (GDP) figures, scheduled for
China holds a significant role in the Australian export market, accounting for one-third of all Australian exports. This strong trade relationship has a direct impact on Australia’s GDP, with over 50% of the country’s economy linked to international trade. As a result, any fluctuations in Chinese imports can have a major effect on the Australian
In August, services inflation in the Euro Zone stood out with an annual rate of 4.2%, up from July’s 4.0%. This unexpected increase has raised questions among economists, with some attributing it to a possible “Olympic effect” in France. The Paris Games may have temporarily inflated services costs, adding a unique element to the economic