The Japanese Yen has seen an increase in value as the government allocates a significant amount of funds towards energy subsidies. This move is expected to have positive impacts on the economy, potentially stabilizing certain sectors that rely heavily on energy consumption. However, challenges remain as weak Japanese manufacturing data has sparked speculation about the
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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,
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
The gold market has recently experienced a drop below $2,500 following the release of the US PCE report, which has increased the likelihood of a rate cut by the Federal Reserve in September. Traders are currently expecting a 25 basis point cut rather than a more aggressive 50 basis point reduction. This cautious policy easing
The EUR/USD pair trades stronger near 1.1080 in Friday’s early Asian session after snapping a two-day losing streak. The recovery comes as US GDP expanded more than expected in Q2, with the growth rate rising at an annual rate of 3.0%. This second estimate released by the Department of Commerce surpassed both the forecast and
In the early Asian trading session on Thursday, the NZD/USD pair showed a significant increase, reaching 0.6280 – the highest level since January. This surge in the New Zealand Dollar was primarily driven by the results of the recent ANZ Business Outlook survey. The Business confidence in New Zealand soared to the highest level in