Japan’s Currency Authorities Take a Bold Step in Managing Yen Depreciation Description: While Japan’s Ministry of Finance, nor the BoJ, have confirmed Monday’s intervention the evidence is piling up: UBS on the yen, “Looks like intervention”, if it was its unlikely to have a lasting impact. Goldman Sachs says yen
Get Ready for the Latest New Zealand Jobs Report: Economic Calendar in Asia for Wednesday, May 1st, 2024 Description: China celebrates Labour Day holidays from May 1 to 5, inclusive. Markets in China are closed for the holiday. There will be no CNY rate setting, for example. Of most note
China’s Economy Takes a Dip: PMI Drops to 50.4 in April China’s April Economic Slowdown: PMI Drops to 50.4 China, known for its rapid economic growth over the past few decades, is now facing a slowdown in its economy as the Purchasing Managers’ Index (PMI) dropped to 50.4 in April.
GBPCAD Forecast Update: A Trader’s Insight and Follow-Up Description: Hi Traders! GBPCAD short term forecast update and follow up is here. On February 7th, 2024 I shared this “GBPCAD Short Term Forecast And Technical Analysis” post in our blog. In this post, let’s do a recap of this setup and
ECB’s Holzmann Urges for a Break After June Rate Cut – Here’s Why The Debate Over Post-June ECB Rate Hike A June ECB rate hike appears to be a done deal but what happens afterwards is up for debate. The hawks — led by the ECB’s Roberg Holzmann — want
US Dollar Soars as Wage Data Surprises: What You Need to Know! The US dollar is at the highs of the day following a surprise rise in US first quarter wage data. The Q1 employment cost index was up 1.2% compared to 1.2% expected, in a re-acceleration after months of
Unlocking the Potential: A Closer Look at Regulation, Trust, and the Future of Trading in Africa – FMAS24 Session Spotlight Description: In just three short weeks the Finance Magnates Africa Summit (FMAS:24) will kick off in Sandton City, South Africa. Africa’s largest event in 2024 will take place on May
Revamp Your House Flipping Game with a $15M Boost: The Ultimate Guide to Enhanced Services! Backflip’s $15M Boost for Enhanced House Flipping Services Are you a real estate investor looking to take your house flipping game to the next level? Look no further than Backflip’s $15 million boost for enhanced
Revolutionizing Trading: TradeRevolution Teams Up with TradingView for Expanded Broker Options TraderEvolution Integrates TradingView Trading Platform for Brokers TraderEvolution Global Ltd, a multi-market trading platform provider, has announced an integration with TradingView, the popular social network for retail traders and investors. This integration allows brokers whose trading infrastructure is powered
Unleashing the Potential: Dogecoin Skyrockets to $0.14, While Shiba Inu Takes a Backseat Dogecoin Drops to $0.1400, Shiba Inu Also Retreats The price of Dogecoin dropped yesterday to a new seven-day low of $0.13959. Similarly, the price of Shiba Inu also fell to a new low of $0.00002300. Taking a
Breaking Records: Ethereum Surges to $3,300 Amidst Market Turmoil Ethereum Climbs to $3,300 Indicating Volatile Market Shifts Recently, Ethereum has reached an all-time high of $3,300, signaling a significant recovery from previous market struggles. However, this surge also suggests potential short-term volatility within the cryptocurrency market. Key Highlights One of
Goodbye to an Era: HSBC’s Noel Quinn Unexpectedly Steps Down from Executive Role Description: In a surprising turn of events, HSBC Holdings Plc’s Chief Executive Officer, Noel Quinn, has announced his decision to resign after leading the bank for nearly five years. The announcement was made as HSBC reported a
Japan’s Industrial Production Soars: A Promising Sign for Future Growth! Japan’s industrial sector showed a robust rebound in March, with production rising by 3.8% mom, surpassing expectations of a 3.4% increase. This significant uptick represents a strong recovery from the previous month’s -0.6% yoy decline. Production of machinery, including semiconductor
Get Ready for the FOMC Meeting: The Most Exciting News to Look Out for on May 22nd! Preview comments from BNP on the FOMC meeting this week Analysts at the Bank says the minutes will be the most interesting news about this meeting! Some of the key points, in summary:
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