China’s fiscal stimulus, according to S&P Global Ratings senior analyst Yunbang Xu, is starting to lose its effectiveness. The strategy appears to be more of a tactic to buy time for industrial and consumption policies rather than providing immediate solutions to economic challenges. This raises concerns about the sustainability and long-term benefits of the current
On a recent Friday, a wave of risk aversion swept over the currency markets due to reports of explosions in Iran and concerns over the Israeli-Hamas conflict in the Middle East. This led to a sharp decline in the Australian and New Zealand dollars, while the Japanese yen saw an uptick as investors sought safe-haven
The recent comments from Federal Reserve officials have solidified the expectation that U.S. monetary settings will remain restrictive, causing the dollar to soften. Despite rising in previous weeks due to strong U.S. economic data and inflation, the dollar is now facing pressure as traders reassess the possibility of rate cuts in the near future. The
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the first quarter of this year, thanks to the strong demand for advanced chips, especially those used in AI applications. The net revenue reported was 592.64 billion New Taiwan dollars ($18.87 billion), surpassing the expected NT$582.94 billion. Moreover, the net income was NT$225.49 billion,
The USD/JPY pair continues to decline as the US Dollar correction exerts pressure on the pair. During the Asian trading hours on Thursday, the pair was seen trading around 154.30, marking its second successive session of losses. The decline in the US Dollar is primarily responsible for the downward trend in the USD/JPY pair. Japan’s
The recent rally in EURJPY has come to a halt at 165.35, indicating the end of wave 3. Following this, wave 4 initiated as a double three Elliott Wave structure. The downward movement from wave 3 saw wave ((w)) concluding at 162.59 and wave ((x)) finishing at 165.17. Subsequently, wave (w) terminated at 163.85, and
Following the Bank of Japan’s decision to exit negative interest rates, the USD/JPY exchange rate experienced a significant decline to the 154 handle. This move was largely influenced by the forward guidance provided by the BoJ, which signaled the implementation of accommodative policy measures. While this decision may have bolstered buyer demand for the Japanese
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The analysis of the short-term Elliott Wave view in Nikkei Futures (NKD) suggests that a rally to 40960 marked the end of wave 3. Currently, the market is experiencing a pullback in wave 4, which is unfolding as a double three Elliott Wave structure. The internal subdivision of wave 4 indicates that we have seen
The CME FedWatch Tool has reported a decrease in the probability of a June Fed rate cut from 20.7% to 18.8% on Tuesday, April 16. This shift indicates a change in market sentiment towards the US Federal Reserve’s monetary policy. Additionally, the likelihood of a September rate cut has also reduced as the chances of
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Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has raised concerns about the quarterly earnings of regional banks, suggesting that they may expose critical weaknesses within the industry. Bair, who steered the FDIC through the turbulent times of the 2008 financial crisis, expressed her worries on CNBC’s “Fast Money” show. She specifically