Japan’s Economy Minister Yoshitaka Shindo expressed optimism on Thursday regarding the country’s economic prospects, stating that the Japanese economy is expected to continue its moderate recovery. He emphasized the importance of closely monitoring the risks associated with foreign exchange fluctuations that could potentially drive up domestic prices. Shindo highlighted the need to pay close attention
The Chinese electric car company, Nio, is making waves with the launch of its new, lower-priced brand, Onvo. The first car under this new brand, the L60 SUV, is set to be $4,000 cheaper than Tesla’s comparable Model Y. This move is seen as a strategic step by Nio to capture a larger market share
The highly volatile meme stock trading market took a hit on Wednesday as GameStop and AMC shares experienced a significant decline. GameStop, a brick-and-mortar video game retailer, saw its shares fall by 29%, while AMC, a movie theater chain, dropped by 22%. This sharp decrease came after both stocks had seen impressive gains earlier in
Minneapolis Fed President Neel Kashkari recently expressed uncertainty regarding the current level of monetary policy and its impact on the economy. During a moderated discussion at the 2024 Williston Basin Petroleum Conference in Bismarck, North Dakota, Kashkari highlighted the unknown amount of downward pressure that monetary policy is placing on the economy. This uncertainty leads
The recent surge in bitcoin prices has sparked a wave of panic among retail investors who find themselves locked out of their crypto wallets. This has resulted in a significant increase in the number of calls being made to crypto wallet recovery firms. Investors are now frantically trying to regain access to their accounts in
When it comes to investing in the open markets, it is crucial to understand that there are risks and uncertainties involved. The information provided on various platforms, including FXStreet, is meant for informational purposes only. It is not a recommendation to buy or sell any assets. Therefore, it is essential for investors to conduct their
When considering the influence of retail sales figures on the Federal Reserve rate path, it is crucial to understand that weaker-than-expected retail sales data could lead to a downward revision of the inflation outlook. This, in turn, would diminish the likelihood of a Federal Reserve rate hike in the near future. Economists are predicting a
Federal Reserve chairman Jerome Powell is facing a dilemma as upcoming economic data could provide him with some comfort, but the underlying signs of sticky inflation and above trend growth will likely prevail. According to Phillip Colmar, managing partner and global strategist at MRB Partners, although there may be some data suggesting a positive trend
In this analysis, we will take a closer look at how GBPCAD has been advancing in a bullish sequence since late 2023. This currency pair has been following a diagonal pattern, with wave (4) of ((1)) completing on April 22, 2024. Following wave (4), wave (5) of ((1)) quickly rallied and completed its first leg,
The volatility in the crude oil market has been quite evident over the past few weeks, with prices moving in a range between $77 per barrel for WTI and $82 per barrel for Brent. Despite some support at these levels, there are concerns regarding a potential further decline in prices. The bears have shown their
The AUD/USD pair has surged to 0.6620 during the Tuesday session in New York as market sentiment remains positive and the US Dollar faces downward pressure. Despite the release of the US Producer Price Index (PPI) report for April showing slight growth, the Greenback has failed to attract investors, with the US Dollar Index (DXY)
AMC Entertainment recently announced that it had raised approximately $250 million through a new equity offering. This move came amidst the resurgence of meme stocks, fueled by the return of “Roaring Kitty.” The company sold 72.5 million shares in an at-the-market offering initiated on March 28. The shares were priced at an average of $3.45