The USD/JPY pair has experienced a slight increase, reaching 145.95 on Wednesday morning. This upward movement signals a rebound from two-week lows, however, it is too early to deem it a significant reversal in the trend given the current economic climate. Market participants are exercising caution as they await the release of crucial US employment
As global markets faced a significant sell-off, the Japanese yen emerged as a safe-haven asset, resulting in a rally in its value. This surge in the yen’s strength was accompanied by a decline in riskier currencies such as the Australian dollar and sterling. The catalyst for this market volatility was attributed to soft U.S. manufacturing
The semiconductor and associated stocks in Asia experienced a decline on Wednesday morning, closely following the steep drop in Nvidia’s share price in the U.S. The U.S. chipmaker Nvidia saw a significant decrease of over 9% in regular trading, causing semiconductor stocks to trend lower amidst a sell-off on Wall Street. This downturn was triggered
China’s property sector struggles and U.S. sanctions have had a significant impact on the rankings of cities in the Milken Institute’s best performing cities China index. Hangzhou, the capital of Zhejiang province and a hub for tech companies like Alibaba, has secured the top spot in this year’s rankings. The city’s success is attributed to
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
Gold has been shining bright in the market, with a winning streak that has lasted for seven consecutive months. The precious metal has surged by a remarkable 21% since the beginning of the year, reflecting a bullish sentiment among investors. The question on everyone’s mind now is whether this upward momentum will persist in September
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
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,
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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