In recent months, gold has seen a significant rise in value, with a 21% increase so far this year. This winning streak has spanned seven consecutive months, prompting many investors to wonder if this trend will continue or if a correction is imminent. The future of gold prices hinges largely on upcoming U.S. economic data
Economists are anticipating an upward trend in the ISM Manufacturing PMI from 46.8 in July to 47.8 in August. Despite the manufacturing sector contributing less than 30% to the US economy, positive figures could potentially support the notion of a soft landing for the US economy. Investors will be closely monitoring the subcomponents of the
The Malaysian central bank, Bank Negara Malaysia (BNM), is set to leave its key interest rate unchanged as growth remains strong and inflation remains under control, according to a recent poll conducted by Reuters. Despite the fact that inflation is currently at 2.0%, the Malaysian ringgit has shifted from being one of the weakest performing
CrowdStrike Holdings, Inc. (CRWD) is a prominent cybersecurity technology company based in Austin, Texas. The company provides various services, including cloud workload and endpoint security, threat intelligence, and cyberattack response services. The forecast for CRWD was made three years ago, with the expectation of ending a significant market cycle in a specific area marked by
Upon closer examination of the BTC/USD chart, it is evident that Bitcoin’s price is currently facing a critical juncture. The analysis reveals that the cryptocurrency is navigating within two distinct channels: a bullish channel that originated in 2023 amidst rumors of Bitcoin ETF approval, and a bearish channel that materialized in March 2024 following the
The housing market in New Zealand has been experiencing fluctuating trends, with predictions of a 6% rise in house prices next year. This forecast comes after a recent decline in prices, which saw home values drop nationally from NZ$800,000 to NZ$753,000 earlier this year. Despite this decline, prices are still relatively high, sitting just 19%
The US inflation rate, as indicated by the PCE Price Index, has remained steady at 2.5% year on year in July. This stability in inflation comes at a time when the USD is gaining strength due to the performance of the economy. The latest data suggests that with inflation under control and economic activity consistent,
Recent data from the Ministry of Finance in Japan indicates a 7.4% year-on-year increase in corporate spending on plant and equipment during the second quarter. These numbers have sparked hope for a domestic-led recovery in economic growth in the country. It is clear that businesses are investing in their future, which could have a positive
China recently made headlines for its first attempt at a top-tier video game with Black Myth: Wukong, an action game based on mythological China. The game managed to sell over 10 million units within three days of its launch in August. This success has been seen as a significant milestone for the Chinese gaming industry,
The correlation between the party affiliations of U.S. presidents and economic growth has long been a subject of research and discussion. Over the years, studies have indicated a pattern where the economy tends to grow at a faster rate under Democratic presidents compared to Republican presidents. However, it is essential to note that correlation does
China’s National Bureau of Statistics recently released PMI data that has caused some mixed signals in the market. While the Non-Manufacturing PMI unexpectedly increased, the Manufacturing PMI fell slightly. This data is significant for Australia, as China is a major trading partner and accounts for a large portion of Australian exports. The steel market demand
The recent US PCE report has caused a stir in the financial markets, particularly in relation to the Federal Reserve’s policy on interest rates. There is now an increased likelihood of a rate cut in September, with traders betting heavily on a 25 basis point reduction. This cautious approach by the Fed has led to
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