Higher interest rates on the yen are traditionally seen as bullish for the yen and bearish for the USD/YEN pair. However, the conventional wisdom was thrown into question after the first rate hike when the pair actually rallied. This contradictory outcome suggests that the effects of rate hikes on currency pairs may not always follow
Selling
In the world of financial markets, volatility is both a friend and a foe. The recent surge of volatility that has blindsided traders is a stark reminder of the inherent risks involved in trades that thrive in a low volatility environment. The illusion of stability in these trades tends to unravel quickly when volatility spikes,
The Japan 225 stock index saw a significant decline, dropping by a staggering 21% to reach a 10-month low of 30,361. This decline was primarily fueled by recession fears in the US and a strengthening yen. The index experienced its sharpest correction below the 200-day simple moving average, hitting levels not seen since October 2023.
The cryptocurrency market experienced a 0.75% loss in the past 24 hours, bringing the total market capitalization to $2.29 trillion. This decline comes after a period of optimism in equities, with synchronized selling dominating the market sentiment. The current sentiment index rests at 57, indicating greed among investors. This shift from fear to greed could
Warren Buffett’s Berkshire Hathaway has been actively reducing its holdings in Bank of America, shedding a total of 19.2 million BofA shares over the course of three days. This selling spree, totaling almost $779 million, has been ongoing for the past 12 consecutive days, resulting in total sales exceeding $3.8 billion. As a result of
Following the disappointing July jobs report, the US Dollar (USD) has been under immense pressure. The DXY index, which measures the strength of the USD, experienced a significant decline after the release of the report, dropping to levels not seen since March. The weak data from the US Bureau of Labor Statistics (BLS) report highlighted
Warren Buffett’s Berkshire Hathaway has seen its cash pile swell to a record $276.9 billion last quarter, a significant increase from the previous record of $189 billion set in the first quarter of 2024. This increase came as Buffett sold big chunks of stock holdings, including nearly half of his stake in tech giant Apple.
Berkshire Hathaway, the conglomerate led by CEO Warren Buffett, is expected to announce a cash pile exceeding $200 billion in its second-quarter earnings report. Buffett’s recent sale of some of his favorite stocks, including Apple and Bank of America, has raised eyebrows among investors. Some speculate that Buffett is looking to de-risk the portfolio amidst
The EUR/GBP cross has been gaining ground around 0.8450 in Thursday’s early European session, showing a 0.35% increase on the day. The expectations for a rate cut by the Bank of England (BoE) seem to be divided, with market players unsure about the direction the central bank will take. The uncertainty surrounding the BoE’s interest
The NZD/USD pair has been trading on a stronger note around 0.5915 in Wednesday’s Asian session, up 0.17% on the day. This increase in strength can be attributed to the better-than-expected Chinese Manufacturing Purchasing Managers’ Index (PMI) data for July. The Chinese PMI for July came in at 49.4, beating expectations of 49.3, while the
It seems that Warren Buffett’s Berkshire Hathaway is on a selling streak when it comes to its big Bank of America stake. Over the past nine trading sessions, Berkshire has sold a total of 71.2 million shares of the bank, amounting to over $3 billion in sales. This indicates that the conglomerate is not just
The USD/JPY pair has experienced a significant decline, falling below key support levels on the 4-hour chart. The 100 simple moving average and the 200 simple moving average were both breached as the pair dropped below 155.50. Although a recovery wave was initiated, the pair faces strong resistance at the 154.20 level. Further hurdles lie