Recently, China’s Shanghai city introduced a series of support measures to revitalize its struggling property sector. These measures include cuts in down payment requirements, lower minimum mortgage rates, and eased restrictions on home purchases. In response to this announcement, the Australian Dollar (AUD) saw a spike in value, with the AUD/USD pair flirting with intraday
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The recent tornado-spawning thunderstorms that ravaged the Southern Plains and the Ozark Mountains have left a path of destruction in their wake, claiming the lives of at least 21 individuals across four U.S. states. The devastation caused by these storms has resulted in the loss of hundreds of buildings and properties, leaving countless families devastated
As the European Central Bank (ECB) prepares for a potential interest cut on 6 June, it appears that the markets have already priced in this development. The forward guidance provided by ECB officials regarding subsequent rate cuts remains unclear, leaving investors uncertain about future monetary policy decisions. Additionally, the consensus forecasts for the Eurozone’s core
The GBP/USD pair is showing bullish momentum above the 1.2700 zone, indicating a positive trend in the market. The British Pound has formed a base above the 1.2640 zone against the US Dollar and has shown a major increase above the 1.2680 and 1.2700 resistance levels. This suggests a strong push towards higher levels in
The world of pharmaceuticals is constantly evolving, with new drugs and treatments hitting the market regularly. One area that has been gaining attention lately is GLP-1 weight loss drugs. These medications have shown promise in helping individuals manage their weight and combat diabetes. With this in mind, one exchange-traded fund provider is making a bold
The early hours on Monday did not see much activity in the market due to Memorial Day in the United States and a bank holiday in Britain. This led to a decrease in liquidity, impacting trading volumes. Looking at the chart, the bullish trend of the USD/JPY pair is evident, prompting investors to view any
Last week, gold and silver prices experienced a decline as a result of the Federal Reserve’s hawkish meeting minutes and strong U.S. economic data. The Fed officials underscored the importance of maintaining control over inflation before considering any rate cuts. This stance by the Fed led to an expectation of delayed rate cuts, causing the
India’s economy is facing challenges with a slowdown in the January-March quarter. Economists predicted that the GDP growth rate would be at its slowest pace in a year due to weak demand. The unexpected 8.4% growth in the previous quarter was seen more as an anomaly rather than a trend, with most experts forecasting a
The recent announcement of soccer star David Beckham becoming the global brand ambassador for Alibaba’s international e-commerce platform, AliExpress, marks a significant move in the world of celebrity endorsements and international business partnerships. This collaboration is set to elevate AliExpress’ brand presence on a global scale, in the midst of fierce competition from other Chinese
The EUR/USD pair is currently exhibiting positive signs, trading above the 1.0800 support level. The pair is now eyeing a potential breakout above the 1.0880 resistance, as indicated on the 4-hour chart. In recent trading sessions, the Euro has shown resilience against the US Dollar, forming a solid base above 1.0800 and initiating a new
Investors are closely monitoring comments from Fed speakers, particularly concerning inflation, the economic outlook, and interest rates. These comments have the potential to significantly impact investor expectations, as seen in the recent shift following the FOMC Meeting Minutes, labor market data, and the US Services PMI. The increase in Michigan Inflation Expectations from 3.2% to
The recent meeting of the Federal Open Market Committee (FOMC) highlighted the stagnant nature of the Fed funds target rate, remaining at 5.25%-5.50% for a consecutive six meetings. Fed Chair Jerome Powell emphasized the lack of progress on inflation, stating the need for greater confidence in the disinflation process before considering policy easing. Despite Powell’s