China’s major southern city of Guangzhou has recently taken a bold step in revitalizing its property market by fully relaxing home purchase limits for certain individuals and increasing the supply of affordable housing. This move marks Guangzhou as the first tier-one city to significantly relax its purchase restriction policy, and is expected to have a
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Small cap stocks have been struggling this year, with the Russell 2000 underperforming and declining by two percent. While the S&P 500, Dow, and Nasdaq 100 have been reaching new all-time highs, small caps have been left behind. However, market technician Katie Stockton from Fairlead Strategies believes that this underperformance is just a temporary setback.
LVMH, the world’s largest luxury group, experienced a significant surge in its shares, with a jump of more than 12% on Friday morning. This sudden increase came after the company announced higher-than-expected sales for the year 2023, along with an increase in its annual dividend. LVMH, known for its iconic brands such as Louis Vuitton,
The US Dollar Index showed bullish behavior on January 26, gaining 0.18% and reaching 103.321. This upward movement was primarily fueled by positive U.S. economic data. The Advance GDP growth exceeded expectations at 3.3%, suggesting a robust U.S. economy. Although the Unemployment Claims slightly surpassed forecasts at 214K, they still indicated a stable job market.
China and the United States are joining forces to establish a more stable and predictable environment for businesses, according to Chinese Commerce Minister Wang Wentao. Following the visit of U.S. Commerce Secretary Gina Raimondo to China last summer, the two nations have committed to regular meetings at various levels. Discussing this ongoing communication during a
Japan’s core inflation rate in Tokyo has fallen below the central bank’s 2% target, signaling the continuation of easing cost pressures in the months ahead. While corporate service inflation remains steady at a nine-year high, rising service prices are gradually replacing escalating costs as the primary driver of price gains. This article analyzes the latest
The GBP/USD pair remains trapped in a narrow trading range in the Asian session on Friday. Traders are eagerly waiting for the release of the US PCE Price Index before placing any fresh directional bets. The lack of a breakthrough in a descending trend-line is hampering the prospects for additional gains. The GBP/USD pair is
The People’s Bank of China (PBoC) recently announced plans to reduce the Reserve Requirement Ratio (RRR) by 0.5 percentage points on February 5. This move by the PBoC is aimed at boosting bank lending to qualified developers and stimulating the real estate market. The announcement of these measures indicates the PBoC’s commitment to supporting economic
JPMorgan Chase, the largest bank in the United States, has announced a series of executive role changes as the organization continues its search for a potential successor to CEO Jamie Dimon. These changes aim to provide key executives, namely Jennifer Piepszak and Marianne Lake, with more experience and exposure to different areas of the bank.
The USD/JPY pair is currently experiencing a downside correction after reaching a peak near 148.80. The pair has traded below a key bullish trend line with support at 147.75 on the 4-hour chart, signaling a possible decline in the near future. Furthermore, the pair has tested the 146.80 support zone and the 23.6% Fibonacci retracement
Gold prices have witnessed a slight decrease of 1% over the past week and a 2% dip since the start of 2024, currently standing near $2,030. This dip in gold prices may be attributed to various factors, including market uncertainties and changes in investor sentiment. The overall market structure on the daily timeframe of XAUUSD
Japan’s top currency diplomat, Masato Kanda, is closely monitoring how central bank decisions, particularly the expected end to negative interest rates in Japan, will affect markets. He acknowledges that these events have the potential to trigger volatile asset movements but refrains from commenting on the growing expectations that the Bank of Japan (BOJ) will put