Despite gaining some positive traction on Monday, the USD/JPY pair is facing challenges in capitalizing on this move. The divergent policy expectations between the Bank of Japan (BoJ) and the Federal Reserve (Fed) are proving to be a key factor in capping further gains. A positive risk tone in the market has been undermining the
Buffer Exchange-Traded Funds (ETFs) are gaining popularity among investors as a means to hedge against market volatility. According to Bruce Bond, CEO of Innovator ETFs, these buffer ETFs provide an opportunity for investors to get exposure to the market while minimizing the risk of downside. The August ETF offered by Innovator ETFs, under the ticker
The recent economic data coming out of China is painting a bleak picture of the country’s economic health. New home prices have experienced the sharpest decline in nine years, industrial output is slowing, export and investment growth are decreasing, and unemployment rates are on the rise. While there are some data points that beat forecasts,
The upcoming week holds a crucial significance for the US dollar as investors eagerly await the decision on 2024 Fed rate cuts. Speculation about a potential hard economic landing in the United States has added to the uncertainty. The FOMC Meeting Minutes scheduled for August 21 will provide valuable insights, shaping investor sentiment towards the
The recent surge in U.S. stocks has been fueled by hopes of an economic soft landing, putting to rest recession concerns that arose after a significant sell-off in early August. The S&P 500 has bounced back over 6% since the drop on August 5th, marking a swift recovery from one of the largest three-day slides
The Dollar Index (DXY) is currently experiencing a slight decrease, trading at $102.911. The index has recently retraced to the 38.2% Fibonacci level at $103.039, where a bearish engulfing candle has formed on the 4-hour chart. This indicates the potential for further downside correction. Both the 50-day and 200-day EMAs, situated at $103.027 and $103.872,
Following the release of the University of Michigan’s Consumer Sentiment Index figures and softer-than-expected housing market data, the US Dollar (USD) experienced a decline as measured by the US Dollar Index (DXY). This reaction showcases the market’s sensitivity to economic data and its impact on the currency. Despite the decline in the USD, careful evaluation
Indonesia’s outgoing government recently presented a budget plan for 2025, which aims to narrow the deficit compared to the current year. The proposal, valued at 3,613.1 trillion rupiah ($230 billion), was crafted by the economic team of both outgoing President Joko Widodo and president-elect Prabowo Subianto. This projection indicates a deficit of 2.53% of the
As per the analysis provided, the bearish scenario suggests selling positions below 2470 with multiple target profit points in the intraday trading, along with a specified stop loss. On the other hand, the bullish scenario recommends buying positions after a pullback above 2460 with different target profit levels and a stop loss below a certain
In a recent interview with state media, People’s Bank of China Governor Pan Gongsheng stated that China’s financial risks have decreased, including those associated with local government debt. This announcement comes amid increased efforts by Beijing to address risks stemming from high debt levels in the real estate sector, which has a close link to
The NZD/JPY pair has seen a slight increase to 89.30, with a key test at the 20-day Simple Moving Average (SMA). The Relative Strength Index (RSI) is hovering around the 50 mark, indicating a neutral stance. Additionally, the Moving Average Convergence Divergence (MACD) is displaying flat green bars, suggesting that the momentum is currently sideways.
The recent surge in regulatory investigations into wealth managers’ cash sweep programs has raised concerns about the potential negative impact on their credit ratings, according to a warning issued by Moody’s. This poses a significant threat to the high-margin business of firms such as Morgan Stanley and Wells Fargo. If credit ratings were to be