Gold prices experienced a 0.30% increase on Tuesday, driven by a decline in US Treasury yields and a weakening US dollar. Traders are eagerly awaiting important US inflation data, as well as the first presidential debate between Kamala Harris and Donald Trump. These events have the potential to significantly impact the market’s overall sentiment. Current
Opportunities
The promise of a resurgence in U.S. manufacturing has been a hot topic in recent years. However, the reality is far from the optimistic picture painted by political figures. The decline of U.S. manufacturing over the last few decades is evident in the data. While there have been modest increases in output in certain industries
Thailand’s Prime Minister Paetongtarn Shinawatra has announced that her new government will focus on stimulating the economy immediately. Following a special cabinet meeting to fine-tune policies, she is set to present her plans at a parliamentary meeting later this week. Paetongtarn, who took office after the ousting of former premier Srettha Thavisin due to ethical
The GBP/USD pair is currently trading above the 1.3100 level, indicating that buyers are in control of the market. The Relative Strength Index (RSI) confirms this bullish sentiment, suggesting that the pair may be eyeing a resistance level of 1.3200. If the pair manages to break above 1.3179, it could open the door to challenge
Visa, the renowned card network company, has recently announced its plans to introduce a groundbreaking service that will revolutionize the way bank transfers are conducted. This new service, which will bypass the traditional credit card and direct debit methods, is set to be launched in Europe in the coming year. By allowing users to set
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
Xpeng, a Chinese electric car company, recently introduced its new mass-market Mona brand with prices starting at $16,812, significantly lower than Tesla’s Model 3. The launch of the Mona M03 electric coupe garnered impressive reception, with orders exceeding 10,000 in just 52 minutes after the unveiling event in Beijing. This positive response from consumers resulted
The U.S. dollar has been struggling against a basket of peers, lingering near its lowest point in over a year. Traders have been eagerly awaiting hints regarding the anticipated U.S. interest rate cut next month. Chair Jerome Powell’s recent dovish stance has solidified market expectations of a rate cut, with the debate now shifting towards
The Dow Jones Industrial Average reached a historic peak on Monday, although major tech companies decided to pause, resulting in a mixed finish for U.S. stock indexes. While the S&P 500 dropped by 0.3%, getting close to its July record which is only 0.9% away, the Nasdaq experienced a 0.9% decline. This decrease can be
The role of Federal Reserve holdings of mortgage bonds in influencing the economy’s momentum has been a topic of discussion among academics and economists. A recent paper presented at a central bank research conference highlights the significance of these holdings in how monetary policy affects various aspects of the economy. The Federal Reserve’s actions of
The S&P 500 showed signs of recovery after a weak Thursday close, with indications suggesting that interest rate sensitive plays would perform better than large caps on Friday. This shift was seen as a result of rates not posing a threat and growing confidence in a soft landing. The implications of this were evident in
The chief executive of Turkey’s largest private bank, Isbank, has highlighted the challenges that lie ahead for the country’s banking sector in the midst of economic uncertainties. Hakan Aran, the CEO of Isbank, expressed concerns about the impact of Turkey’s economic turnaround and the ongoing struggle with inflation. Aran emphasized that Turkish banks are set
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