The AUD/USD pair has shown significant upward movement, surpassing the 0.6700 resistance zone. This surge in price can be attributed to the bullish trend line that is forming with support near 0.6745 on the 4-hour chart. The presence of this trend line indicates a positive trend in the market, providing investors with a sense of
admin
Gold futures are currently experiencing a decline of 0.51%, amounting to a drop of $10.40. Surprisingly, this decline is higher in percentage terms compared to the gains witnessed in the dollar today. As gold is paired against the dollar, there exists a strong inverse correlation between the strength or weakness of the dollar and the
The US dollar experienced a slight retreat during Wednesday’s trading session, encountering resistance at the 200-Day Exponential Moving Average (EMA). The current market presents a challenging situation as traders grapple with determining which central bank’s policy to follow. While the US Federal Reserve has expressed potential rate cuts in 2024, the Bank of Japan has
China plays a crucial role in the Australian economy, accounting for one-third of Australian exports. The increased demand for Australian products from China is expected to provide a significant boost to the Australian economy and the value of the Australian dollar. This positive development comes at a time when Australia already has a trade-to-GDP ratio
The Bank of Japan (BoJ) is expected to shift away from its current negative rates policy, but the timing of this transition remains uncertain. Economists are divided on when the BoJ will make the move, with 80% expecting an exit from negative rates in 2024 and only 20% betting on a January pivot. This ambiguity
The year 2023 saw a surge in annuity investments by American consumers, driven by higher interest rates and concerns about the stock market and the overall state of the U.S. economy. According to estimations by LIMRA, an insurance industry group, Americans have purchased approximately $360 billion worth of annuities this year. This figure surpasses the
In a surprising turn of events, the UK inflation rate fell more than expected to hit 3.9% in November. This marks the lowest annual reading since September 2021 and has caught economists off guard. Prior to this, analysts polled by Reuters had predicted a modest decline in the headline consumer price index to 4.4%. However,
The COVID-19 pandemic has had a profound impact on the labor force in the United States, as evidenced by a significant shift known as ‘The Great Reshuffle.’ With over 50 million workers resigning in 2022 and the trend continuing into 2023, there has been a clear desire for a better work-life balance, higher compensation, and
The battle for dominance in China’s electric car market is intensifying, with Tesla making significant price cuts on its vehicles. Analyzing the market, U.S.-based firm JL Warren Capital found that Tesla lowered the prices of its Model 3 and Model Y by 6% and 11% respectively compared to December last year. This move puts Tesla
In a recent management shuffle at Alibaba Group, CEO Eddie Wu is stepping into a new role as the head of the company’s Taobao and Tmall e-commerce business, taking over from Trudy Dai, one of Alibaba’s 18 co-founders. This move comes as part of a series of management changes that have occurred throughout the year.
The landscape of investing has undergone significant changes in recent years, with inflation playing a major role in reshaping the investor population. Inflation has granted access to investment opportunities that were once exclusively available to the wealthy. However, consumer advocates argue that this development raises concerns about consumer protection. This article examines the growing number
In the aftermath of the collapse of Credit Suisse, Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has conducted a comprehensive review and called for greater legal powers to prevent such incidents in the future. The 167-year-old bank’s rescue by domestic rival UBS, after a series of risk management failures and scandals, highlighted