WTI Crude Oil Approaches Weekly Low at $88.80 Amid Fed’s Hawkish Remarks
WTI Crude Oil Approaches Weekly Low at $88.80 Amid Fed’s Hawkish Remarks The price of Western Texas Intermediate (WTI) crude oil is currently teetering around the $88.80 mark, perilously close to approaching a weekly low of $88.60. This decline in WTI prices follows closely on the heels of a noteworthy development in the financial landscape: […]
Japan’s PM Kishida to Outline New Economic Measures Next Week
Japan’s PM Kishida to Outline New Economic Measures Next Week Japan’s Prime Minister, Fumio Kishida, has announced his intention to unveil an ambitious economic stimulus package early next week, aimed at addressing pressing issues that have been affecting Japan’s economy. This announcement came during a press conference held at the U.N. General Assembly, where Kishida […]
Stocks Plummet, US Yields Surge, Dollar Gains Momentum as Federal Reserve Adopts Hawkish Stance
Stocks Plummet, US Yields Surge, Dollar Gains Momentum as Federal Reserve Adopts Hawkish Stance Asia-Pacific shares followed the downward trend set by Wall Street on Thursday, as investors interpreted the latest policy statements from the US Federal Reserve as a signal of higher and longer interest rates. The broadest index of Asia-Pacific shares outside Japan, […]
Japan’s Exports Decline Again Amid Weakening Global Demand
Japan’s Exports Decline Again Amid Weakening Global Demand Japan’s export market is experiencing a downturn as international demand plummets, raising substantial economic concerns due to the country’s significant reliance on foreign demand. In August, export values saw a 0.8% drop, primarily driven by a decrease in mineral fuel and chip-making machinery exports. Alarmingly, this downturn […]
WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects
WTI Crude Oil Continues Its Ascent Below $91.00 Amid Tight Supply Prospects WTI, the U.S. benchmark for crude oil, is demonstrating resilience as it hovers around the $90.90 mark on Tuesday, driven primarily by a constrained supply outlook championed by Saudi Arabia and Russia. Nonetheless, the trajectory of WTI prices remains clouded by concerns related […]
Data Shows US Treasury Foreign Holdings Rise in July, China’s Holdings Decline
Data Shows US Treasury Foreign Holdings Rise in July, China’s Holdings Decline Foreign holdings of U.S. Treasuries extended their upward trajectory for the second consecutive month in July, defying the backdrop of interest rate uncertainty fueled by a medley of economic indicators. According to data from the Treasury Department, total foreign holdings of U.S. Treasuries […]
China’s Dedication to Enhancing Belt and Road Collaboration
China’s Dedication to Enhancing Belt and Road Collaboration Chinese Premier Li Keqiang has underscored China’s strong commitment to advancing cooperation along the Belt and Road initiative during a series of crucial meetings with leaders from Laos, Vietnam, Indonesia, and Malaysia. The discussions took place in the backdrop of the 20th China-ASEAN Expo and the China-ASEAN […]
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices
EUR/GBP Surges Above 0.8600, Focus on Fed and BoE Choices EUR/GBP has continued its upward trajectory, making gains for the second consecutive day and currently trading at around 0.8610 during the European trading session on Monday. This surge in the currency pair can be attributed in part to the recent statements made by Christine Lagarde, […]
USD Index Corrects Lower to 105.30, Awaits Data
USD Index Corrects Lower to 105.30, Awaits Data The USD Index (DXY), measuring the greenback against its major counterparts, experiences a slight retreat, trading around the 105.30 level at the week’s end. This decline comes after three consecutive daily gains that followed Thursday’s peak in the 105.40/45 range. The subdued risk appetite across global markets […]
XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest
XAG/USD Vulnerable, Aiming for $22.20-$22.10 Retest Silver witnessed a fleeting upward movement during the Asian trading session, attempting to breach the pivotal $23.00 level. However, this surge was short-lived, with silver unable to maintain the momentum required to sustain a position above this critical threshold. Delving into the intricacies of this price action, the breach […]
Challenges and Concerns Arise from Weak Machinery Orders in Japan
Challenges and Concerns Arise from Weak Machinery Orders in Japan Japan is currently grappling with a pressing policy challenge and growing concerns about its economic outlook, primarily stemming from a more significant than anticipated decline in core machinery orders. These orders, which serve as a critical leading indicator of Japanese business spending, have slumped by […]
USD Index Pauses, Trades Lower Around 104.70
USD Index Pauses, Trades Lower Around 104.70 The US Dollar Index (DXY) is hovering just below its peak since April, trading at approximately 104.80. This level of performance is notable, and it hints at the potential for the USD to gather strength, primarily due to some critical factors in the economic landscape. One of the […]
Experts Note Signs of an Economic Rebound for China as Stimulus Efforts Are Ramped Up
Experts Note Signs of an Economic Rebound for China as Stimulus Efforts Are Ramped Up China’s economy is poised for a rebound as experts and executives observe a gradual improvement in demand, increased economic activity, and reduced deflationary pressure. Optimism surrounds the country’s economic prospects, with expectations of continued recovery and the implementation of pro-growth […]
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase
AUD/USD Surges Above 0.6420 Mark as USD Weakens and Hopes for US Soft Landing Increase During the Asian session on Monday, the AUD/USD held above the 0.6400 area, with the Australian Dollar (AUD) benefiting from a weaker US Dollar and diminishing concerns about China’s deflation. Currently trading near 0.6425, the pair has gained 0.75% for […]
Federal Reserve Study Raises Concerns About US Economy Amidst China’s Slowdown
Federal Reserve Study Raises Concerns About US Economy Amidst China’s Slowdown A recent study conducted by the Federal Reserve has sparked concerns about the strength of the US economy. While some economists have been downplaying the potential consequences, this study paints a different and potentially worrisome picture. It suggests that if China’s economic growth falls […]
NZD/USD Hovers Near November 2022 Lows at 0.5865-60
NZD/USD Hovers Near November 2022 Lows at 0.5865-60 The NZD/USD pair is currently facing a tough challenge during the Asian trading session. It’s hovering around a level between 0.5865 and 0.5860, marking its lowest point since way back in November 2022. The main culprit behind this struggle is the strong US Dollar (USD), and the […]
WTI surpasses $86.40, eyes on US ISM Services PMI
WTI surpasses $86.40, eyes on US ISM Services PMI Presently, the price of a particular type of oil known as WTI stands at approximately $86.40 on this Wednesday. It was a bit higher at $88.00 previously, but it has dipped a little since then. The recent surge in the price of WTI can be attributed […]
S&P 500 Futures show cautiousness amid fluctuating yields
S&P 500 Futures show cautiousness amid fluctuating yields The market remains cautious on Wednesday as investors await the US ISM Services PMI. Concerns about China’s economy, fears of hawkish moves by the Federal Reserve, and Eurozone recession worries are likely contributing to the subdued risk appetite. S&P 500 Futures are slightly down following yesterday’s negative […]