The recent tech-driven rally on Wall Street has had a positive impact on Asian shares, leading to a bounce in the markets. Investors are optimistic following a surge in tech stocks and are closely monitoring the upcoming policy decisions from central banks around the world. The dollar has strengthened in response to U.S. core inflation
The New Zealand Dollar (NZD) is at a crucial juncture, with analysts predicting that it could test the 0.6115 level if it remains below 0.6185. While a significant break below 0.6115 is not anticipated at the moment, there is a possibility of further downside towards 0.6085 in the longer term. Recent trading activity saw the
Warren Buffett’s investment company, Berkshire Hathaway, has been consistently reducing its stake in Bank of America since mid-July. The conglomerate recently sold 5.8 million shares of BofA in separate sales, totaling over $7 billion. This selling streak has now extended to 12 consecutive sessions, with Berkshire’s stake in the bank decreasing to 11%. As a
Following the highly anticipated debate between Republican Donald Trump and Democratic Vice President Kamala Harris, Wall Street was left grappling with uncertainty. While both candidates clashed on crucial policy issues such as the economy, immigration, and legal matters, investors were disappointed with the lack of clear direction provided. Despite the combative nature of the debate,
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
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