The recent Summary of Opinions released by the Bank of Japan on Japan Household Spending revealed some interesting insights into the monetary policy decision and the interest rate trajectory. According to Alicia Garcia Herrero, the BoJ’s meeting was received positively by investors, especially due to the unexpected interest rate hike. However, there is a cautious
Development
The decision by the U.S. Commerce Department to continue classifying Vietnam as a non-market economy country has been met with disappointment in Hanoi. This classification, which puts Vietnam in the company of only 12 other economies marked by heavy state influence, means that punitive anti-dumping duties will continue to be levied on imports from Vietnam.
In a significant move, Morgan Stanley has announced that it will be allowing its financial advisors to offer bitcoin ETFs to certain clients. This decision marks a groundbreaking development within major Wall Street banks, as no other firm of this caliber has taken this step before. With a team of approximately 15,000 financial advisors, Morgan
In recent days, the price of gold (XAUUSD) has been on a steady rise, reaching a new peak at 2460 USD per troy ounce. This upward trajectory can be attributed to a variety of factors, with one of the main drivers being the growing anticipation of a potential interest rate cut by the US Federal
DSYNC Destra Network claims to be a decentralized cloud solutions project utilizing AI computing mechanisms and advanced technologies such as IPFS and ENS. The project has been making waves in the market and investors are closely following its Elliott Wave structure to predict potential outcomes for the token’s value. Elliott Wave Analysis In March 2024,
China’s manufacturing activity showed a decline for the third consecutive month in July, according to an official factory survey. The official purchasing managers’ index (PMI) dropped to 49.4 in July from 49.5 in June, falling below the 50-mark that separates growth from contraction. This decline has raised concerns about the need for Beijing to introduce
Gold has recently shown signs of recovery after finding support near the $2,352 level against the US Dollar. The price has managed to break above the $2,380 level and the 200 Simple Moving Average on the 4-hour chart. Additionally, a connecting bearish trend line with resistance at $2,388 was cleared, indicating a possible uptrend. As
The Japanese government recently revised its growth forecasts for the fiscal year ending March 2025, lowering it from 1.3% to 0.9%. This adjustment was made due to concerns about the weak Yen and its impact on households’ purchasing power. The Bank of Japan’s Deputy Governor also highlighted the influence of exchange-rate fluctuations on economic activity
The Australian Dollar (AUD) has experienced a significant decline of approximately 3.5% against the US Dollar (USD) since July 12. While the Australian economy has been creating more jobs per month than before the pandemic, the recent labor market data did not have the expected positive effect on the AUD. This should have supported the
The oil market has seen a decline in trading activity, with Brent crude futures hitting a seven-week low of $79.36 due to a softening demand outlook. Traders are now more concerned about Chinese demand rather than geopolitical tensions in the Middle East and Venezuela. This has led to a sell-off in the oil market, contributing
The Australian dollar (AUD) has been experiencing a decline against the US dollar (USD) due to economic concerns over China and issues within the local economy. Despite future expectations of a rate hike by the Reserve Bank of Australia (RBA), the AUD/USD pair fell to 0.6545 on Monday. The RBA has been delaying rate cuts
The recent movement in the stock market has been quite volatile, with the S&P 500 index closing 1.11% higher on Friday. Although it closed below the daily high, indicating consolidation rather than a change in the short-term trend, there is hope for a reversal in the downtrend. This morning, the S&P 500 is likely to
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