Morgan Stanley has downgraded its bullish rating on the pound and pointed out that there may be no positive factors for the pound in the near future. Although the pound might rebound briefly against the dollar after the UK budget on Wednesday, several strategists, including David Adams, said in a note on Thursday that the […]
Australia’s core inflation rate in October was stronger than expected, suggesting that the Reserve Bank of Australia will remain on hold to assess whether the economy is overheating. The closely watched trimmed mean consumer price index, which strips out volatile items, rose 3.3% year-on-year, official data showed on Wednesday. The increase, which was above the […]
Gold prices steadied after a sharp rise in the previous trading session as market confidence in a US interest rate cut next month strengthened. Gold prices rose nearly 2% on Monday and are currently trading at around $4,135 per ounce. This rally was mainly driven by remarks from Federal Reserve Governor Christopher Waller, who suggested […]
The Australian dollar against the New Zealand dollar exchange rate may have peaked as analysts predict that the Reserve Bank of New Zealand will temper its dovish stance after the expected interest rate cut this week. Strategists at New Zealand bank and National Australia Bank said that the Australian dollar against the New Zealand dollar […]
After the Japanese yen’s exchange rate dropped to its lowest level in nearly 10 months, Junko Nakagawa, a member of the Bank of Japan’s board of directors, pointed out that it is necessary to normalize the exchange rate, hinting that an interest rate hike might occur as early as next month. “Given that the real […]
According to a survey by Bank of America, global investors say the Japanese yen is expected to outperform major currencies next year and predict that the yen will rebound after a tumultuous year, during which its return against the US dollar was the worst among all currencies. Of the approximately 170 fund managers surveyed by […]
Japan’s finance minister has stepped up warnings over the yen’s depreciation, with the currency falling below 155 yen to the dollar. Meanwhile, reports suggest that the government will unveil an economic stimulus package larger than expected, raising concerns that Prime Minister Sanae Takaichi’s pro-stimulus stance could slow the Bank of Japan’s pace of interest rate […]
Bitcoin has erased more than 30% of its gains since the start of the year just over a month after hitting a record high, as enthusiasm for the Trump administration’s pro-cryptocurrency stance is waning. On Sunday, the price of Bitcoin dropped below $93,714, lower than its closing price at the end of last year. At […]
Due to the US government shutdown, key data is missing, leaving Fed policymakers in the dark. This uncertainty is testing investors’ nerves. On Thursday, a sudden wave of risk aversion hit the market, causing several of the year’s best-performing stocks to fall sharply and further intensifying the recent decline in cryptocurrencies. Many traders pointed out […]
It may still take several days for the full-scale resumption of operations of federal government agencies after the end of the longest government shutdown in U.S. history. The House passed a temporary spending bill Wednesday night by a vote of 222 to 209, but the measure was opposed by most Democrats because it did not […]