Gold has been performing remarkably well in recent months, with a continuous upward trend for seven consecutive months. As of now, the precious metal has seen a significant increase of 21% since the beginning of the year. Despite these impressive gains, the crucial question on the minds of investors is whether this bullish momentum will
The forecasted increase in the ISM Manufacturing PMI from 46.8 to 47.8 in August could potentially influence investor sentiment regarding the US economy. While the manufacturing sector accounts for less than 30% of the overall US economy, positive numbers may bolster expectations of a soft landing. However, it is essential for investors to delve deeper
CrowdStrike Holdings, Inc. (CRWD) is a prominent American cybersecurity technology company headquartered in Austin, Texas. The company is known for providing a wide range of cybersecurity services, including cloud workload and endpoint security, threat intelligence, and cyberattack response services. Over the years, CRWD has gained significant attention in the market due to its innovative solutions
The long-term BTC/USD chart analysis conducted on 9 August raised concerns about the direction of Bitcoin’s price. The analysis pointed out two key channels influencing the price movement:→ A bullish channel formed in 2023 amidst Bitcoin ETF approval rumors;→ A bearish channel emerging in March 2024 after the initial spike post the Bitcoin ETF approval.
The US inflation rate, as measured by the PCE Price Index, remained steady at 2.5% year over year in July. Despite this, the US Dollar is gaining strength due to the robustness of the American economy. The labor market remains a focal point for the Federal Reserve as they prepare to make decisions for September.
China’s foray into the world of top-tier video games has reached new heights with the phenomenal success of Black Myth: Wukong, an action game set in mythological China. In just three days after its launch on Aug. 20, the game sold over 10 million units, shattering world records and making waves in the gaming industry.
China plays a critical role in the Australian economy, accounting for one-third of Australian exports. With over 50% of Australia’s GDP linked to trade, any changes in China’s manufacturing sector can have a significant impact on the Australian dollar. In this article, we will analyze the recent data from China’s manufacturing sector and how it
Recently released data from the Ministry of Finance in Japan has shown a positive trend in corporate spending on plant and equipment. In the second quarter, there was a significant increase of 7.4% year-on-year, indicating a strong commitment from businesses to invest in their operations. This data is crucial as it will play a role
The housing market in New Zealand is expected to see a significant turnaround in the coming year, with house prices forecasted to rise by 6%. Despite a recent decline, prices are still relatively high, being only 19% below their peak in November 2021. The aggressive interest rate rises that had been implemented earlier did not
The correlation between the party affiliations of U.S. presidents and economic growth has long been a subject of research and discussion. While some studies have indicated a link between the party in power and economic performance, it is essential to recognize that economic growth is influenced by a myriad of factors. Global economic conditions, technological
In August, while overall inflation in the Euro Area retreated, services stood out with the highest annual rate at 4.2%. This increase from the previous month raises questions, especially due to a possible “Olympic effect” in France, where the Paris Games may have temporarily boosted services costs. This unexpected boost in services costs adds a
Chinese President Xi Jinping emphasized the importance of maintaining a stable, healthy, and sustainable relationship between China and the United States during a recent meeting with U.S. national security advisor Jake Sullivan. Despite the escalating tensions between the two countries in recent years, Xi expressed China’s commitment to the goal of fostering positive relations with