Source: WSJ Future inflation signals have been easing in the past month, an indication that the recent surge in inflation could be temporary. DXY is down -0.21%. Inflation expectations by businesses, consumers, workers, and investors, which rose sharply from October to May, eased in July.The break-even inflation rate dropped 0.19% since mid-May and shed 0.21 points … [Read more...] about No Inflation Worry? Key Price Index Eases to Offer Relief to Markets
Over $551 Billion Wiped from Hang Seng Index Following Beijing’s Crackdown
China’s Hang Seng Tech Index has recorded more than $551 billion in market value loss since it last peaked in February at 59% due to the industry crackdown. HSI is down -6.57%. Analysts have stated that the issue of privacy and the concern of a possible reduction in medium-term earnings has spurred the ongoing clampdown.The index plummeted this month by 11% after the … [Read more...] about Over $551 Billion Wiped from Hang Seng Index Following Beijing’s Crackdown
Survey: Fed to Taper Bond Purchases Early Next Year with Emphasis on MBS
Source: Bloomberg Analysts project that the Federal Reserve will scale back asset purchases next year, starting with mortgage-backed securities. SPY is down -0.31% on premarket, DXY is down -0.21%. The analysts see the Fed raising rates quicker through 2024, with two quarter-point hikes by the end of 2023.More analysts expect the Fed to announce tapering in … [Read more...] about Survey: Fed to Taper Bond Purchases Early Next Year with Emphasis on MBS
Japan Composite PMI Down to 47.7 in July Amid Optimism in the Private Sector
Source: (HIS Markit) Japan Composite PMI output index dropped to 47.7 in July, from 48.9 recorded in June as private sector activity waned. USDJPY is down -0.16%, NI225 is up +1.04%. The Manufacturing Output Index remained narrowly in the expansion zone after falling from 50.7 in June to 50.5 in July.Manufacturing output and order growth smoothened to … [Read more...] about Japan Composite PMI Down to 47.7 in July Amid Optimism in the Private Sector
Forex Olympus Review
Forex Olympus is a trading solution that promises to assist the trader take advantage of the Covid-19 pandemic to generate large amounts of profits. According to the developers, the system is a potent indicator that applies a predictive algorithm to increase the trader’s profits consistently. They further claim that the software makes sure that the user’s trading is covered in … [Read more...] about Forex Olympus Review
