In a recent interview on CNBC’s “ETF Edge,” VanEck CEO Jan van Eck emphasized the importance of considering commodities in investment portfolios. According to van Eck, there has been a significant “big change” in the global economy, particularly with the resurgence of international expansion. China, the world’s second-largest economy, is identified as a key contributor
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The gold market has been on a wild ride lately, with prices surging past $2400.00 USD to hit a new all-time high. This unprecedented climb has been driven by a growing appetite for “safe-haven” assets, as investors seek refuge from escalating geopolitical tensions and economic uncertainty around the globe. The recent spike in geopolitical tensions,
On a recent Friday, a wave of risk aversion swept over the currency markets due to reports of explosions in Iran and concerns over the Israeli-Hamas conflict in the Middle East. This led to a sharp decline in the Australian and New Zealand dollars, while the Japanese yen saw an uptick as investors sought safe-haven
The recent comments from Federal Reserve officials have solidified the expectation that U.S. monetary settings will remain restrictive, causing the dollar to soften. Despite rising in previous weeks due to strong U.S. economic data and inflation, the dollar is now facing pressure as traders reassess the possibility of rate cuts in the near future. The
The USD/JPY pair continues to decline as the US Dollar correction exerts pressure on the pair. During the Asian trading hours on Thursday, the pair was seen trading around 154.30, marking its second successive session of losses. The decline in the US Dollar is primarily responsible for the downward trend in the USD/JPY pair. Japan’s
The recent rally in EURJPY has come to a halt at 165.35, indicating the end of wave 3. Following this, wave 4 initiated as a double three Elliott Wave structure. The downward movement from wave 3 saw wave ((w)) concluding at 162.59 and wave ((x)) finishing at 165.17. Subsequently, wave (w) terminated at 163.85, and
Following the Bank of Japan’s decision to exit negative interest rates, the USD/JPY exchange rate experienced a significant decline to the 154 handle. This move was largely influenced by the forward guidance provided by the BoJ, which signaled the implementation of accommodative policy measures. While this decision may have bolstered buyer demand for the Japanese
The analysis of the short-term Elliott Wave view in Nikkei Futures (NKD) suggests that a rally to 40960 marked the end of wave 3. Currently, the market is experiencing a pullback in wave 4, which is unfolding as a double three Elliott Wave structure. The internal subdivision of wave 4 indicates that we have seen
The CME FedWatch Tool has reported a decrease in the probability of a June Fed rate cut from 20.7% to 18.8% on Tuesday, April 16. This shift indicates a change in market sentiment towards the US Federal Reserve’s monetary policy. Additionally, the likelihood of a September rate cut has also reduced as the chances of
Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp, has raised concerns about the quarterly earnings of regional banks, suggesting that they may expose critical weaknesses within the industry. Bair, who steered the FDIC through the turbulent times of the 2008 financial crisis, expressed her worries on CNBC’s “Fast Money” show. She specifically
The EUR/USD pair is currently trading around 1.0615 in the early Asian session, highlighting a bearish trend in the market. This downward movement can be attributed to the comments made by both the Federal Reserve and the European Central Bank, indicating a shift towards a more restrictive monetary policy in the near future. Fed Chairman
Vietnam is currently facing an unprecedented financial crisis in its banking sector, with Saigon Joint Stock Commercial Bank (SCB) at the center of the storm. The situation is dire, with the national treasury at risk of drying up if the lending to SCB continues. The central bank of Vietnam has already pumped $24 billion in