China’s Caixin Manufacturing Purchasing Managers’ Index (PMI) exceeded expectations in April, reaching 51.4 compared to 51.1 in March. This uptick in the manufacturing sector indicates a positive outlook for the Chinese economy. The most significant growth was seen in production, which expanded at the most pronounced pace since May 2023. Additionally, new export orders rose
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The USD/JPY pair has been on a relentless rally, reaching a key long-term resistance level of 159.60, which happens to be the April 1990 secular swing high. The recent swift upmove in the Asian session has heightened the volatility condition of USD/JPY, thereby increasing the risk of FX intervention. This abrupt intraday movement that erased
Upon analyzing the current market trends, it is evident that there is significant volatility in the currency markets, particularly in relation to the Japanese yen. The sharp reversal of the yen from its slide past 160 per dollar has raised speculation that Tokyo may be behind the sudden move. This jump in the yen, which
As the Federal Open Market Committee (FOMC) meeting approaches in May, all eyes are on the decision that will be made regarding the Fed funds target range, which has been stagnant at 5.25%-5.50% for the past six meetings. Despite inflation persisting above the Fed’s 2.0% target, the Fed is unlikely to make any changes to
In today’s rapidly evolving technological landscape, it is crucial for investors to stay ahead of the curve by identifying key areas of growth and opportunity. According to ARK Invest’s chief futurist, Brett Winton, there are five groups that tech investors should focus on to gain a competitive edge. These areas include robotics, artificial intelligence, multi-omics
As the U.S. Treasury Department gears up to announce its refunding plans for the upcoming quarter, investors are eagerly anticipating a sense of relief after several quarters of auction size increases. The expectation is that the Treasury will maintain the size of most of its auctions, with potential increases in specific issues such as the
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The US economy experienced a slowdown in the first quarter of the year, falling below the Federal Reserve’s estimates of its long-run potential. This deceleration, coupled with a rapid rise in inflation, presents a unique challenge for the central bank. While the 1.6% growth rate indicated a cooling economy, the persistently high inflation rates have
Recent economic data releases have sparked investor interest and scrutiny regarding the Federal Reserve’s next monetary policy moves. The S&P Global Flash manufacturing PMI for the U.S. revealed a four-month low of 49.9 in April, signaling sector contraction. This unexpected downturn has raised concerns about the overall health of the economy and its potential impact
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The once thriving landscape of Western financial firms in China is beginning to face challenges, as doubts arise about China’s economic recovery and its markets fail to keep up with their global counterparts. This shift is evident in the recent actions taken by firms like Fidelity International Ltd (FIL), Morgan Stanley, and Legal & General,
The recent climb in U.S. Treasury yields has captured the attention of investors eagerly awaiting crucial economic indicators to gain insights into the economy and the potential trajectory of interest rates. The 10-year yield saw an increase of over two basis points, reaching 4.6414%, while the 2-year yield followed a similar upward trend. Market focus