The recent spike in unemployment in July has left economists puzzled, with Arch Capital Chief Global Economist Parker Ross suggesting that temporary layoffs may have been a key factor. This has raised concerns about the stability of the labor market and its implications for future job reports. The upcoming August jobs report may shed more
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The USD/JPY pair has experienced a slight increase, reaching 145.95 on Wednesday morning. This movement represents a rebound from two-week lows; however, it is premature to predict a significant reversal in the trend given the current economic conditions. Market participants are exercising caution as they await the release of crucial US employment market data for
The recent sell-off in Wall Street has prompted a surge in the safe-haven Japanese yen, with riskier currencies like the Australian dollar and sterling taking a hit. Traders are seeking cover due to concerns about a potential hard landing for the U.S. economy. The catalyst for this market reaction was the release of soft U.S.
Following a significant drop in Nvidia’s share price in the U.S., Asian semiconductor stocks experienced a decline on Wednesday morning. This downward trend was influenced by Nvidia’s over 9% plunge in regular trading, which triggered a sell-off in semiconductor stocks across Wall Street. The economic data released on Tuesday also contributed to the jittery sentiment
China’s economic landscape is a complex web of interconnected factors, with the latest data from the Milken Institute’s best performing cities China index revealing a mix of winners and losers among the country’s urban centers. Hangzhou, home to tech giants like Alibaba, has emerged as a top performer in the rankings, showcasing the benefits of
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
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,
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