The Gold price has lost momentum below the $2,400 barrier on Monday due to the Chinese central bank halting its gold buying for the second month in June. China, being the world’s biggest bullion consumer, plays a significant role in influencing the price of gold. This pause in gold buying could weigh on the price
The Japanese economy has been facing challenges with a contraction for the third consecutive quarter, raising concerns about a potential fourth quarterly contraction. One of the factors contributing to this trend is the weakness of the Japanese Yen and its effect on private consumption and overall economic performance. Bank of Japan Deputy Governor Ryozo Himino
As investors gear up for the new week, the prevailing sentiment is one of optimism and confidence. Last Friday’s U.S. jobs figures have continued to support the narrative of a “soft landing”, resulting in a decline in the dollar and bond yields. This, in turn, has fueled the ongoing “risk on” rally in global stock
In the year 2023, there was a sharp increase in employment scams, with criminals taking advantage of artificial intelligence to deceive job seekers and steal their money and personal information. According to the Identity Theft Resource Center, consumer reports of job scams rose by 118% compared to the previous year. Scammers often masquerade as recruiters,
Investors have a lot to consider this week, with Fed Chair Powell set to testify before the Senate Banking Committee. Powell’s remarks from March emphasized the challenges ahead in reaching the Fed’s 2.0% inflation target, alongside the potential for policy adjustments this year. Market expectations are high for Powell to echo similar sentiments during the
In a recent analysis of the Australian economy, experts have highlighted the implications of inflation on the Reserve Bank of Australia (RBA) and the overall economic outlook. Bloomberg TV APAC Chief Markets Editor, David Ingles, noted in June that the Monthly CPI Indicator showed hotter-than-expected results. This led to speculation that there could be a
The political parties in France have been caught off guard by President Emmanuel Macron’s decision to call for a snap parliamentary election. This move has led to a rapid reshaping of the political landscape in the country, with three major blocs emerging from the chaos. As the second round of voting approaches this Sunday, the
China’s leading electric vehicle automaker, BYD, has announced plans to acquire a 20% stake in Rever Automotive, its local distributor in Thailand. This move comes as part of BYD’s efforts to cement its position in the Thai market, where it has quickly risen to become the country’s top-selling EV brand. The acquisition signals BYD’s commitment
The upcoming U.S. presidential election is causing significant recalibrations in how bond investors view the future trajectory of yields in the market. After President Joe Biden’s underwhelming performance in the first debate against his Republican rival Donald Trump, yields saw a sharp rise, indicating speculation about a potential second Trump win on November 5th. This
When embarking on a road trip during the summer season, one of the first considerations is whether to rent a car or use your own vehicle. The decision to rent a car for a road trip can be influenced by a variety of factors, such as your current vehicle’s gas mileage, the distance you plan
The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET has garnered attention in the crypto space. Rather than launching a new token, these projects have decided to consolidate under the FET ticker. The price action of FET has closely followed the market downtrends, with a significant 36.53% drop within the weekly timeframe. Despite this, the
Noncompete agreements have long been a contentious issue in the business world. A recent ruling by a federal judge in Texas has reignited the debate, sparking a legal battle between the Federal Trade Commission (FTC) and various business groups. U.S. District Judge Ada Brown in Dallas partially blocked a rule proposed by the FTC that