Global Investors Left in the Dark on China as Wall Street Surges
Global Investors Left in the Dark on China as Wall Street Surges Global investors are struggling to navigate China’s economic uncertainties after Beijing’s weekend stimulus update underwhelmed markets. While China remains in a fog, Wall Street powered ahead with the S&P 500 and Dow extending their rally, setting the stage for Tokyo to join in when its mafrkets reopen after a three-day holiday. Tech stocks, particularly in the chip sector, surged despite the U.S. Treasury […]
Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August
Japanese Yen Vulnerable Against USD, Hovers Near Lowest Levels Since Early August The Japanese Yen (JPY) continues to struggle, failing to hold onto modest gains from the Asian session against the US Dollar (USD), and remains near its lowest point since early August, touched on Monday. Investors are scaling back their expectations for further interest rate hikes by the Bank of Japan (BoJ) in 2024. This, combined with the prevailing risk-on sentiment in the markets, […]
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens
EUR/USD Holds Below 1.0900, Lowest Since August 8, as USD Strengthens The EUR/USD pair continues its downward slide for the second consecutive day on Tuesday, dipping to the 1.0890 region in the last hour, inching closer to its lowest point since August 8, touched the previous day. However, bearish traders remain cautious, waiting for a decisive break below the 200-day Simple Moving Average (SMA) before making fresh moves ahead of significant central bank developments. The […]