Sun, July 21, 2024

economy

Stocks in Asia, china

China’s Economic Goals: Tackling 2024’s Complexities

Quick Look: China aims to modernize industry, expand demand, stimulate growth, curb debt risks, and acknowledge inherent contradictions. The plenum outlined ambitions without detailing resolutions for conflicting goals like boosting consumer spending amidst producer-focused resource allocation. China faces weak domestic demand, deflation risks, property downturn, debt crisis, and higher tariffs, with slow growth in Q2. …

China’s Economic Goals: Tackling 2024’s Complexities Read More »

The Indian Rupee Falls To A Lifetime Low, While Yields Soar

USD/INR Nears Record High of 83.7190 Amid Market Turbulence

Quick Look: USD/INR Near Record High: The exchange rate nears an all-time high of 83.7190 due to USD strength. US Dollar Strength: Driven by risk aversion and rising US Treasury yields, tempered by weak labour data. RBI Intervention: Potential central bank actions to support the Rupee may prevent further depreciation. As the USD/INR exchange rate …

USD/INR Nears Record High of 83.7190 Amid Market Turbulence Read More »

Снижение ставки ФРС возможно, поскольку инфляция приближается к целевому уровню 2%

Fed Rate Cut Possible as Inflation Nears 2% Target

Quick Look: Fed officials Waller and Williams hint at potential rate cuts amid improving inflation data and cooling the labour market. The Federal Reserve’s benchmark rate has been steady at 5.25-5.5% since last year, with investors expecting cuts before 2024. Former President Trump opposes a pre-election rate cut, arguing it could favour President Biden. The …

Fed Rate Cut Possible as Inflation Nears 2% Target Read More »

GBP/USD достигла максимума с июля под влиянием данных по Великобритании

GBP/USD Hits Highest Since July, Driven by UK Data

Quick Look: GBP/USD surged, driven by robust UK economic data and softer US inflation. The Labour Party’s election victory bolstered investor confidence in the pound. UK GDP growth and high core inflation boosted GBP sentiment. UK inflation data release and Bank of England’s interest rate decision anticipated. GBP/USD crossed vital resistance levels, indicating a continued …

GBP/USD Hits Highest Since July, Driven by UK Data Read More »

Новая валютная стратегия Японии: интервенционный сдвиг на $60 млрд

Japan’s New Currency Strategy: $60 Billion Intervention Shift

Quick Look: Atsushi Mimura replaces Masato Kanda as Japan’s top currency diplomat, shifting the strategy from heavy intervention to adaptive approaches. Mimura leverages favourable US economic data and market momentum, aligning interventions with prevailing trends. Public strategy knowledge may attract dip buyers, increasing risks for USD/JPY long positions during key US data releases. In a …

Japan’s New Currency Strategy: $60 Billion Intervention Shift Read More »

Еженедельник драгоценных металлов: Золото падает на $37,50, серебро - на $0,849

Precious Metals Weekly: Gold Falls $37.50, Silver Down $0.849

Quick Look: Gold fell by $37.50 to $2,360.10 yet retains a near-term technical advantage. Silver decreased by $0.849 to $30.85 but showed stronger bullish sentiment than gold. A higher USD index and lower crude prices impact commodities; U.S. Treasury yield at 4.288%. Fed Chairman Powell’s speeches and upcoming CPI and PPI reports are crucial for market …

Precious Metals Weekly: Gold Falls $37.50, Silver Down $0.849 Read More »

Грядущие изменения политики на товарном рынке Китая

Upcoming Policy Changes in China’s Commodity Market

Quick Look: China Addresses overcapacity and waning demand across key industries like solar power, proposing market unification and grid enhancements. Solar power prices drop, copper is affected by economic uncertainties, steel exports surge, oil refining profits plunge, and grain prices hit lows. Solar faces overcapacity; copper deals with weak demand; steel tied to real estate; …

Upcoming Policy Changes in China’s Commodity Market Read More »

Цены на серебро достигли $30,89 на фоне спекуляций по поводу ставки ФРС

Silver Prices at $30.89 Amid Fed Rate Speculation

Quick Look: The US Dollar pressures silver prices despite potential Fed rate cuts speculated at 77%. Anticipation of a September rate cut increases silver’s volatility as lower yields push investors towards precious metals. The Fed Chair’s testimony and US June CPI inflation data are pivotal for silver’s price direction, making them key events to watch. …

Silver Prices at $30.89 Amid Fed Rate Speculation Read More »

crypto

Short-Term Crypto Price Trends in Inflationary Times

Quick Overview Federal Reserve’s Cautious Shift: Inflation easing but still above the 2% target, requiring careful policy balance. Robust US Economic Activity: Continued expansion driven by consumer spending, investments, and labour market recovery. 2024 Growth Outlook: Expected slower growth indicates economic stabilisation post-rapid recovery. Impact of Declining Inflation: Positive for risk assets and Bitcoin, enhancing …

Short-Term Crypto Price Trends in Inflationary Times Read More »

Индекс доллара восстанавливает отметку 105,00 на фоне экономических сдвигов

US Dollar Rises Despite ISM PMI Drop to 48.5

Quick Look: The USD rises despite weaker ISM manufacturing data, showing strength in the DXY index. Markets await the June jobs report, which is crucial for the Federal Reserve’s future policy decisions. US elections impact market dynamics, with a potential Trump presidency seen as positive for the USD. The DXY index shows bullish momentum, targeting …

US Dollar Rises Despite ISM PMI Drop to 48.5 Read More »

Валютные рынки растут: Иена по 161,94, евро по 1,0761

Currency Markets Surge: Yen at 161.94, Euro at 1.0761

 Quick Look: Currency’s Historic Drop: On July 2, 2023, the yen hit lows of 161.94 against the US dollar and 173.80 against the euro, driven by expectations of a dovish stance from Japan’s central bank. US Dollar Fluctuations: Dovish comments from Fed Chair Powell caused the dollar index to slip to 105.61 despite solid domestic …

Currency Markets Surge: Yen at 161.94, Euro at 1.0761 Read More »

Stocks and tensions, US Market

US Market Indices React to Anticipated Jobs Data

Quick Look: The S&P benchmark fell 12 points mid-morning, reflecting market anxiety over upcoming jobs data. Major US indexes fell due to Fed rate hike fears but rebounded, showing market resilience. The S&P 500 surged 29% from October’s low, marking a 15% rise year-to-date. Dow Jones rose by 3.7%, while Nasdaq soared by 20%, highlighting …

US Market Indices React to Anticipated Jobs Data Read More »