The USD/JPY pair has experienced a significant rally towards the 152.00 resistance level before entering a consolidation phase. A key bullish trend line has been identified with support at 151.20 on the 4-hour chart. This uptrend was initiated by the US Dollar breaking above the 148.80 resistance against the Japanese Yen and clearing the 150.00
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The Federal Reserve may potentially delay the timeline for an interest rate cut, which could have implications on borrowing costs and disposable income for consumers. This decision could be influenced by a variety of factors, including the US Jobs Report and speeches by members of the Federal Open Market Committee (FOMC). Upcoming speeches by FOMC
In a recent address on national television, Cuban President Miguel Diaz-Canel reassured the public that his government has taken significant steps to secure the supply of key subsidized food rations for the population of 11 million. Diaz-Canel emphasized the efforts made by the government to address widespread shortages and ensure better prospects for the months
When it comes to consuming financial information online, it is crucial to exercise caution and conduct your own due diligence. The content provided on websites often includes a mix of general news, personal analysis, and opinions from third parties. While this information may be educational, it is essential to remember that it should not be
In a shocking turn of events, British multibillionaire Joe Lewis is set to face sentencing in a U.S. court for illegally sharing stock tips obtained through his investments. Despite the potential for a prison sentence of up to two years as per federal guidelines, both prosecutors and his attorneys have advocated for leniency due to
The price of gold (XAU/USD) has recently surged to an all-time high above the $2,300 mark, driven by various factors such as the weaker-than-expected US ISM Services PMI data for March and speculation regarding the Federal Reserve’s rate hike cycle. Investors and traders are closely monitoring the situation, with markets now expecting the possibility of
U.S. Treasury Secretary Janet Yellen embarked on her second trip to China since the summer, emphasizing the importance of enhancing high-level communication between the two countries. Yellen’s visit comes at a time of tense relations between the U.S. and China, with efforts being made to bridge the gap and foster a deeper dialogue. By engaging
Recently, Jerome H. Powell, the Federal Reserve chair, made statements indicating that the central bank is adopting a patient stance when it comes to deciding on interest rate cuts. This cautious approach is grounded in the current economic landscape, which includes easing inflation rates and stable growth. Powell also emphasized the Fed’s independence from political
The Federal Reserve officials, led by Jerome Powell, are engaging in extensive discussions over the necessity of cutting interest rates. Despite market expectations for a rate cut in June, Powell emphasized the importance of more deliberation and data before taking such a step. He highlighted that recent indicators related to job gains and inflation have
When it comes to financial decision-making, it is crucial to understand the disclaimers that come with the information provided. The content on websites often includes general news, personal analysis, and opinions, which may not necessarily be accurate or provided in real-time. It is important to note that any trading or financial decision you make should
The USD/JPY chart indicates that the exchange rate has settled at 152 yen per US dollar. However, this apparent stability does not necessarily indicate a calm market environment. In fact, various factors suggest that the market may be on the brink of significant changes. In 2023, a drastic shift in trend occurred around the 152.00
Financial stress is becoming a pervasive issue among adults in major economies around the world. The International Your Money Financial Security Survey conducted by SurveyMonkey revealed that at least half of adults in countries like the U.S., Australia, Spain, and Mexico are feeling stressed about their personal finances. The primary reason cited for this stress