In a recent report by Reuters, it was highlighted that China is facing a significant demographic challenge due to its low retirement age and rapidly aging population. Currently, the retirement age in China is 60 for men and 55 for women in white-collar jobs, which is significantly lower than most developed economies. With life expectancy
Gold prices saw a 0.30% increase on Tuesday due to a combination of factors such as the drop in US Treasury yields and the weakening of the US dollar. Traders have their eyes on upcoming US inflation data and the first presidential debate between Kamala Harris and Donald Trump as potential catalysts that could impact
The US Jobs Report for August revealed a gain of 142k payrolls, prompting speculation on the near-term trends of AUD/USD. Shane Oliver highlighted the dependence of these trends on the upcoming US CPI Report. Weaker-than-expected figures could potentially overshadow softer Australian consumer inflation expectations, leading to a possible AUD/USD move towards $0.67. It is crucial
Gold prices are currently consolidating below the critical resistance level of $2,530 against the US Dollar. Despite staying above the $2,480 support zone, gold has struggled to initiate a fresh upward movement. The 4-hour chart of XAU/USD reveals a stable price action above the 100 Simple Moving Average (red, 4 hours) and the 200 Simple
The recent release of UK labor market data indicates that employment growth has surpassed expectations, showcasing a positive outlook for the economy. This news has led to a bullish impulse for the pound, with GBP/USD experiencing a notable increase shortly after the data was made public. However, it is essential to note that the initial
When it comes to trading and investing, it is crucial to be aware of the risks involved. The information provided on various websites, including general news, personal analysis, and opinions, should be taken with a grain of salt. While these sources may offer valuable insights, it is important to remember that they are not personalized
During a recent press conference, Shigeru Ishiba, the former Japanese defense minister and a candidate in the ruling party’s leadership race, emphasized the importance of addressing deflation in the country. He expressed his concern about the lack of strong recovery in private consumption and vowed to work towards achieving sustainable growth in real wages to
The former CEO of British chip design firm Arm, Warren East, recently highlighted the U.K.’s failure in commercializing technology businesses globally. He emphasized the need for a shift in mindset within the investor community to ensure success on the world stage. East’s remarks shed light on the criticisms surrounding lackluster growth and poor rates of
The price of gold is currently struggling to gain traction as the US Dollar strengthens, driven by reduced expectations of a 50 basis points Fed rate cut. This has limited the downside for gold prices while traders monitor US inflation numbers for further direction. Despite the technical setup supporting the potential for a breakout from
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EUR/CHF has been closely correlated with the France CAC and Germany DAX, showing a strong positive relationship. This correlation has been maintained even in the face of economic challenges posed by sluggish consumer demand in China. The 60-period rolling correlation coefficients between EUR/CHF and the two European indices have remained high, indicating a synchronized movement
The looming decision by the U.S. Federal Reserve to conduct a significant rate cut has sparked a great deal of speculation and debate among analysts. There are divided opinions regarding whether a jumbo 50 basis point rate reduction is warranted at the upcoming meeting. Michael Yoshikami, CEO of Destination Wealth Management, has suggested that a