The NZD/USD pair is currently facing downward pressure around 0.5945 in the early Asian trading session, with a 0.25% decline on the day. This decline can be attributed to rising expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) and concerns about sluggish Chinese economic activity. The recent softer Consumer Price Index
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Alphabet, the tech giant, reported a beat on both top and bottom lines in the second quarter, earning $1.89 per share on $84.74 billion in revenue. However, the stock slipped 1% as revenue at its YouTube advertising segment missed forecasts. Tesla Shares of Tesla declined by 4.7% after second-quarter earnings missed consensus estimates. The company
The U.S. Treasury yields experienced a slight dip recently, as investors closely monitor the economic outlook in anticipation of key data releases. Of particular interest are the upcoming second-quarter GDP figures and June’s personal consumption expenditures price index, which serves as the Federal Reserve’s preferred inflation gauge. These reports will provide valuable insights into potential
UBS analysts are confident in their prediction of a soft landing for the US economy. They point to moderating consumer spending as a key factor in bringing down inflation. While recent economic data may show positive surprises, UBS believes that the underlying trend of below-trend growth remains. The Institute for Supply Management’s purchasing managers indexes
Last week, the dollar index saw a slight rebound after four consecutive weeks of losses. However, upon closer examination, it appears to be a brief period of profit-taking by sellers before a potential new downward trend. The pressure on the US dollar began in late June when the Federal Reserve acknowledged progress in reducing inflation.
The market breadth indicators for the Nasdaq 100 have shown improvement recently, with the percentage of component stocks above their 20-day and 50-day moving averages rising above 50%. This is a positive sign for the short and medium-term trend of the index. However, it is crucial to note that these indicators can fluctuate quickly, so
In July, the Small and Medium Enterprise Index (SMEI) rebounded to 50.4, showing signs of recovery in expectations and credit conditions. This improvement was evidenced by a rise from 49.9 in June, bringing the SMEI back into expansionary territory. Standard Chartered economists Hunter Chan and Shuang Ding noted that this rebound was largely due to
Windrose, a Chinese electric truck startup, is planning to establish a U.S. assembly plant for its semi-trucks to cater to the American market directly from 2025. This move by Windrose signifies a bold challenge to Tesla, a prominent player in the electric vehicle sector. The founder and Chief Executive, Han Wen, revealed this plan in
After carefully examining the Elliott Wave analysis on the Australian Stock Exchange (ASX) related to COCHLEAR LIMITED – COH, it is evident that the analysis focuses on wave ((4)) – navy concluding as a Triangle, and wave ((5)) – navy ready to advance. The analysis indicates that wave ((4)) – navy ended at the low
When it comes to investing, it is crucial to understand the risks and uncertainties involved in forward-looking statements. The information provided on various platforms is for informational purposes only and should not be taken as a recommendation to buy or sell any assets. It is important to conduct your own research and analysis before making
The upcoming economic indicators, including the Jibun Bank Services PMI and Tokyo’s core inflation rate, are crucial factors that could influence the Bank of Japan’s policy decisions on July 31. A higher-than-expected PMI in the services sector could potentially signal a recovery and justify a rate hike to strengthen the Japanese Yen. Similarly, an increase
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
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