Oil prices have experienced a downward trend due to the cautious stance of Federal Reserve officials despite recent softening of inflation. This cautious approach has sparked concerns regarding the potential prolongation of elevated US interest rates. The prices of Brent crude and WTI futures have both seen a decline, with Brent crude trading at $83.11
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The Reserve Bank of Australia (RBA) recently published the Minutes of its May monetary policy meeting, where the board members deliberated on the possibility of raising rates. Ultimately, the board agreed that the case for maintaining steady policy was stronger. The minutes also revealed that the board found it challenging to predict future changes in
Recent moves by the Chinese government to bolster the real estate sector have sparked a mix of optimism and caution among analysts. While S&P remains cautious, stating that the property market is still seeking a bottom, others believe that the government’s decisive action indicates a commitment to stabilizing the sector. The announcement of various policies
The recent comments by FOMC members Michael Barr and Raphael Bostic have added to the uncertainty surrounding the possibility of a Fed rate cut in September. While some Fed speakers are hesitant to support a rate cut until there is more confidence in inflation returning to target levels, market expectations still lean towards a rate
The rise of artificial intelligence is proving to be a game-changer for businesses, especially in sectors that heavily rely on AI technologies. According to a report by PwC, productivity in professional and financial services, as well as in information technology, has grown by a staggering 4.3% between 2018 and 2022. This rate far surpasses the
As Americans gear up for their travel plans this summer, they are seeing a mixed bag when it comes to airfare prices. While overall, airline fares have decreased from last year, there are still regions and destinations where prices remain relatively high. According to data from travel site Hopper, the average round-trip flight to Tokyo,
The U.S. inflation data for the first months of 2024 has been described as “disappointing” by Fed vice chair for supervision Michael Barr. The inflation readings in the first quarter of the year did not meet expectations and did not provide the necessary confidence to support easing monetary policy. This lackluster performance in inflation indicators
AUDCAD is continuing to climb higher above the 0.9100 mark, showcasing positive momentum in both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD). This upward trend has been in place since February 8, culminating in a 14-month high of 0.9125. Despite facing some resistance in the 0.9100 area over the past few
Gold prices have surged to new heights, reaching a peak of 2,450 and holding above the previous high of 2,431.48. This upward movement is accompanied by positive signals from technical indicators, indicating the possibility of further gains in the market. The MACD is showing strong positive momentum above its trigger and zero lines, while the
Sri Lanka is set to introduce a new Economic Transformation Law that aims to attract investors and boost productivity in the country. This law comes at a crucial time for Sri Lanka, which faced a severe financial crisis in 2022. The Economic Transformation Bill, along with the Public Finance Management bill, will be presented to
In the first three months of 2024, global venture capital investment in crypto companies reached $2.4 billion, according to data from PitchBook. This marks a significant increase from the previous quarter, where only $1.7 billion was invested. The peak of crypto venture capital flows was recorded in the first quarter of 2022, with a staggering
The Euro has shown signs of improvement against the US Dollar as it started a decent increase from the 1.0620 support level. Breaking through key resistance levels at 1.0750 and 1.0800, the pair has entered a positive zone. On the 4-hour chart, EUR/USD has managed to settle above both the 200 simple moving average and