Recent data has revealed that both the UK and Japan are facing a technical recession, marked by a consecutive decline in gross domestic product. While the UK’s economic downturn can be attributed to high inflation and strict policies imposed by the Bank of England, Japan’s recession may be linked to its ongoing population decline spanning
Gold has always held a significant role in history, being utilized as a medium of exchange and a store of value. Presently, in addition to its allure in jewelry, this precious metal is widely recognized as a safe-haven asset. This means that it is viewed as a favorable investment during periods of economic uncertainty. Furthermore,
The forecast for an increase in the Consumer Confidence Index from -16.1 to -15.6 shows a slight improvement in the economic outlook. However, the focus will be on the Preliminary private sector PMIs for France, Germany, and the Eurozone, especially the Services PMIs, which account for more than 60% of the Eurozone economy. The services
China’s central bank, the People’s Bank of China (PBOC), decided to leave the key policy rate unchanged as expected on Sunday. This decision came as the central bank rolled over maturing medium-term loans, with uncertainties surrounding the timing of potential easing by the Federal Reserve limiting Beijing’s options in terms of monetary policy adjustments. The
The U.S. stock market experienced a decline on Friday, with the Nasdaq being the most affected, following a report showing higher-than-expected producer prices. This unexpected increase in producer prices has fueled concerns about rising inflation, leading investors to question the possibility of immediate interest rate cuts by the Federal Reserve. These fears have overshadowed the
The recent analysis from Commerzbank indicates a positive outlook for the New Zealand Dollar (NZD) in the upcoming months, despite facing downward pressure. The currency has been affected by broader U.S. Dollar strength and domestic issues, which have kept it below last year’s highs. However, the strong labor markets in both New Zealand and Australia,
Recent data suggests that Americans who shop online after midnight are more likely to engage in risky transactions and default on loans. Affirm Chief Financial Officer Michael Linford pointed out that the timing of a consumer’s transaction can be a critical factor in determining credit risk. While most times of the day have similar credit
The US Dollar has seen a modest recovery to 104.423 following a 0.41% dip in the Dollar Index, as the market reacts to a mixed set of US economic indicators. Although there have been contractions in Core Retail Sales and Retail Sales, slight improvements in the Empire State Manufacturing Index and a rebound in the
Gold has long been valued for its historical significance as a store of value and medium of exchange. In addition to its aesthetic appeal in jewelry, it is now widely recognized as a safe-haven asset and an effective hedge against inflation and depreciating currencies. Central banks, recognizing its importance, have been actively diversifying their reserves
The rally from the low of 2.1.2024 appears to be in progress, showing a five-wave impulse Elliott Wave structure. This suggests that the market is currently in an upward trend. In this article, we will analyze the wave patterns and discuss the potential future movements of the market. Wave (i) and (ii) After the 2.1.2024
In a recent speech to the Money Marketeers of New York University Inc, Federal Reserve Bank of Atlanta President, Raphael Bostic, expressed cautious optimism regarding inflation pressures in the United States. While acknowledging progress in slowing down inflation, Bostic emphasized the need for continued vigilance before considering interest rate cuts. This article examines Bostic’s remarks
The price of gold (XAU/USD) continues to hover near a two-month low and struggles to surpass the psychological level of $2,000. The recent surge in the US Dollar (USD) due to delayed Federal Reserve rate cut speculations has put pressure on the non-yielding yellow metal. However, geopolitical tensions in the Middle East have helped limit