Pakistan’s coalition government is gearing up to announce ambitious fiscal targets in the upcoming 2024/2025 budget. The budget, set for July-June, is crucial in strengthening Pakistan’s case for securing a new bailout deal with the International Monetary Fund (IMF). As the economy faces challenges, officials and analysts anticipate significant measures to bridge the revenue-expenditure gap
Opportunities
The recent US Jobs Report has had a significant impact on the USD/JPY exchange rate, pushing it closer to the 157 level. With the US CPI Report on the horizon, investors are closely watching for potential shifts in the value of the Japanese Yen. The increase in average hourly earnings by 4.1% year-on-year in May
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
USD/JPY is currently focusing on breaking above the 156.40 resistance level. A significant bearish trendline is forming with resistance at 156.60 on the 4-hour chart. The US Dollar has been showing strength above the 154.50 level against the Japanese Yen. After forming a base, USD/JPY has initiated a fresh increase above 155.00. The pair managed
Recently, Bank of Japan Deputy Governor Ryozo Himino expressed worries regarding the Yen and its impact on economic activity. He stated that exchange-rate fluctuations can affect various aspects of the economy, including inflation. This raises concerns about the stability of the USD/JPY pair in the current market environment. In addition to the concerns raised by
As the US dollar index hovers near an important support trendline, traders are left with uncertainty regarding the future direction of the currency. While the index is currently trading around the protective trendline that connects the lows from December 2023 and March 2024, there are conflicting technical signals that make it difficult to predict its
The establishment of a new national stock exchange in Texas has garnered support from major investors such as BlackRock and Citadel Securities. Led by TXSE Chairman and CEO James Lee, the Dallas-headquartered group has successfully raised $120 million with the backing of over two dozen investors. The aim of the new exchange is to tap
An unexpected increase in initial jobless claims has the potential to influence investor sentiments regarding a September Fed rate cut. This spike could signal weaker labor market conditions, impacting wage growth, disposable income, and consumer confidence. As a result, consumers may reduce spending, leading to a decrease in demand-driven inflationary pressures. A downturn in consumer
The analysis of the 1-hour Elliott Wave Charts of GBPAUD reveals a mixed scenario. While the rally from the 09 May 2024 low unfolded in a corrective manner, it still presented a valuable trading opportunity for investors. The pullback reached the equal legs area and offered a buying opportunity, indicating potential for a minimum reaction
In a recent announcement, buyout firm Apollo Global Management revealed plans to acquire a 49% equity interest in Intel’s manufacturing facility located in Ireland for a staggering $11 billion. This strategic investment marks a significant move in the semiconductor industry and is expected to have implications for both Intel and Apollo. With the acquisition of
Gold prices have been oscillating recently, hovering near a three-week low. One of the key factors influencing this trend is the increasing likelihood of the Federal Reserve cutting interest rates later this year. This expectation has been fueled by signs of easing inflationary pressures in the United States, which in turn undermines the strength of
Dutch digital bank, Bunq, is eagerly anticipating the acquisition of a banking license from U.K. financial regulators by the end of this year or the beginning of next year. CEO and founder, Ali Niknam, expressed his hopes during an interview at the Viva Tech conference in Paris. Niknam acknowledged the potential challenges that may arise