Recent weaker-than-expected economic data has raised concerns about the possibility of an emergency rate cut by the U.S. Federal Reserve. Claudia Sahm, chief economist at New Century Advisors, believes that while there is no immediate need for an emergency cut, there is a strong case for a 50-basis-point cut to ease restrictive monetary policy. Sahm
In the current volatile market conditions, investors are advised to consider bonds as a strategic investment option to navigate through uncertain times. Joanna Gallegos, the co-founder and CEO of BondBloxx, recommends focusing on income and high-yield bonds. She emphasizes the importance of delving into fixed income to enhance diversification and manage risks effectively. According to
In a recent turn of events, the GBP/JPY pair saw a significant rally of over 400 pips intraday after remarks made by Bank of Japan (BoJ) Deputy Governor Uchida. This surge was further fueled by a positive risk tone in the market, which undermined the safe-haven status of the Japanese Yen (JPY) and provided additional
Following a turbulent Monday, the US Dollar (USD) managed to bounce back on Tuesday, hovering near the 103.00 mark. The recovery was fueled by an improvement in market sentiment, with the DXY Index showing gains. This positive trend was also supported by the absence of news regarding the Middle Eastern conflict between Iran and Israel,
Brazil’s central bank, known as Copom, has made it clear in the minutes from its July 30-31 policy meeting that it will not hesitate to raise interest rates if necessary to bring inflation down to its target. The authority emphasized the need for vigilance as inflation expectations continue to drift off course. The committee has
The JP 225 index has experienced a significant drop, reaching a 10-month low of 30,361. This decline can be attributed to recession fears in the US and the strengthening of the yen. The index’s movement below its 200-day simple moving average indicates a sharp correction, reminiscent of early pandemic levels. The index closed around 33,336,
Recent data released by the Toronto Regional Real Estate Board (TRREB) revealed a decrease in Greater Toronto area home sales in July on a month-to-month basis. This decline of 1.7% in seasonally adjusted sales follows a surprising 3.2% rise in June, breaking a four-month streak of declining home deals. Despite the marginal increase of 0.2%
RBA Governor Michele Bullock recently spoke at a press conference following the central bank’s August monetary policy decision. During the conference, she highlighted the key aspects discussed by the board, emphasizing the importance of maintaining the current interest rate at 4.35%. Bullock also expressed concerns about the slow progress in reaching the inflation target and
The short term Elliott Wave view in Oil (CL) suggests that the cycle from the high of 4.12.2024 is currently in progress, following a 5 waves impulse Elliott Wave structure. The downward movement from the high saw wave (1) ending at 72.48, followed by the rally in wave (2) ending at 84.55. Subsequently, the commodity
Currency carry trades, a popular strategy in the foreign exchange (FX) market, involve borrowing in a low-interest-rate environment to invest in a higher-interest-rate environment. This practice can be lucrative for investors seeking higher returns, but it also comes with substantial risks. In the case of the USD/JPY pair, carry trades typically involve being long on
Warren Buffett’s Berkshire Hathaway has been consistently selling off Bank of America shares, with a significant divestment of 19.2 million shares over a three-day period, totaling nearly $779 million. This recent selling spree marks the 12th consecutive day of sales, surpassing $3.8 billion in total. The conglomerate’s remaining stake, consisting of 942.4 million shares, is
The Monetary Authority of Singapore recently established a task force aimed at bolstering the city-state’s stock market. The review group’s primary goal is to evaluate measures to enhance the vibrancy of the Singapore equities market. This initiative is essential for addressing market challenges, fostering listings, and facilitating market revitalization. Additionally, the MAS aims to enhance