When it comes to making financial decisions, whether it be investing in stocks, cryptocurrencies, or other financial instruments, it is crucial to understand the risks involved. The information provided on various websites may not always be accurate or provided in real-time, leading to potential losses if relied upon blindly. It is essential to conduct thorough
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On Tuesday, gold prices saw a slight increase of 0.30% due to the decline in US Treasury yields and the weakening of the US dollar. The market is currently holding its breath as traders await important US inflation data, as well as the first presidential debate between Kamala Harris and Donald Trump. These upcoming events
The EUR/JPY pair has seen a consistent decline for the second consecutive day, falling to a one-month low of 158.20 during the Asian trading session. Despite a minor recovery, the pair is still down by almost 0.30% for the day, hovering around the mid-158.00s. One of the key factors leading to this decline is the
Gold prices have been consolidating below the $2,530 resistance level against the US Dollar. Despite staying above the $2,480 zone, the price has struggled to initiate a significant increase. The 4-hour chart of XAU/USD reveals a stable price movement above the 100 Simple Moving Average (red, 4 hours) and the 200 Simple Moving Average (green,
China, being one of the countries with the lowest retirement age in the world, is facing a dilemma with its shrinking working population. In an effort to combat this issue, policymakers have been discussing the possibility of delaying the retirement age in the country. This marks a crucial step in addressing the challenges posed by
The recent US Jobs Report has had significant implications on the AUD/USD trends, with experts like Shane Oliver noting the importance of the US CPI Report as a determining factor. The US Aug payrolls data, showing a growth of 142k, has raised concerns about the near-term outlook for the AUD/USD pair. We can expect currency
The commercialization of technology businesses is a critical aspect of economic growth and innovation. However, according to Warren East, former CEO of British chip design firm Arm, the UK is facing challenges in successfully commercializing technology businesses on a global scale. In a keynote speech at Cambridge Tech Week, East highlighted the need for a
The UK labour market data released today provided some positive insights. Employment growth exceeded expectations, and unemployment benefit claims came in lower than forecasted. This news was a welcome surprise, indicating a potentially stronger economy than previously anticipated. Analysts from ING believe that the positive labour market data may influence the Bank of England’s decision
Shigeru Ishiba, former Japanese defense minister and candidate in the ruling party’s leadership race, emphasized the importance of achieving a complete exit from deflation in Japan. Ishiba expressed his concerns over the slow recovery of private consumption and highlighted the need for sustainable growth in real wages to combat deflation effectively. He aims to create
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. This includes researching and analyzing all relevant information before taking any action. Relying solely on the information provided by third parties or websites can be risky, as the accuracy and timeliness of the information may not be guaranteed. Therefore, it
The gold price (XAU/USD) has been facing downward pressure as the US Dollar (USD) gains strength due to reduced expectations of a 50 bps Fed rate cut. The recent mixed US monthly jobs report has prompted investors to scale back their bets on a larger interest rate cut by the Federal Reserve (Fed) in September.
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