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China’s Recovery in Consumer Spending will Give Clues to Post Pandemic Economic Outlooks

China’s Recovery in Consumer Spending will Give Clues to Post Pandemic Economic Outlooks

Analysts are watching closes for signs of meaningful pick in China’s consumer spending after the country posted its record expansion in the first quarter of 2021. The Wednesday data is expecting tosee a moderation in spending activities in May as the pandemic’s base effects started fading. According to Bloomberg Economists, retail sales slowed from 17.7%...

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The Dollar Gains 6% Against Yen Year to Date, What’s Next for Yen?

The Dollar Gains 6% Against Yen Year to Date, What’s Next for Yen?

Notwithstanding the global economic recovery from the pandemic, Japan remains to be standing still, with its currency value eroding. The year 2021 saw the yen performing the worst among Group-of-10 currencies, slumped almost 6% against the dollar. Japan is the only economy that hasn’t shown signs of a rising interest rate. According to ZERO Markets’ Meta...

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Where To Invest $10,000 Dollar Right Now?

Where To Invest $10,000 Dollar Right Now?

Value With Momentum — according to Feifei Li (Head of Equities, Research Affiliates) Value stocks are translated into momentum stocks in recent times as the vaccine rollout had fuelled a new prospect of growth that favors stocks that are value-oriented. Value investing refers to buying stocks that are valued cheaper relative to their fundamentals. On a quantitative investing basis,...

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Tech Recovers, Inflation Trade Loses Stream

Tech Recovers, Inflation Trade Loses Stream

The pullback in Treasury yields has helped the tech-heavy Nasdaq 100 to outperform the Dow Jones Index by the most in seven weeks. Meanwhile, Wall Street’s great inflation trade has lost stream.  The inflation gauge retreated from multi-year highs, while the S&P 500 was largely stable. Even the value strategy finally came to an end,...

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Beijing Targets to Suppress Bubbles in Metals, Property, and Crypto

Beijing Targets to Suppress Bubbles in Metals, Property, and Crypto

China sees challenge in maintaining order in the financial markets as money floods into assets from housing to commoditiesand stocks. This month alone, the government vowed to revive the idea of property tax, supervise hikes in mortgage rates in some cities, tackle price speculation is in metals, banned the mining of cryptocurrencies and played down calls for a stronger...

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Bitcoin Soared on Musk’s Support to Improve its Green Credential

Bitcoin Soared on Musk’s Support to Improve its Green Credential

Cryptocurrency trading has been gripped by significant volatility over the past two weeks. Elon Musk tweeted on Monday to indicate support for what he says is an effort by miners to improve Bitcoin’s green credential. According to ZERO Markets’ Metatrader 4 platform, Sunday saw the largest cryptocurrency, Bitcoin, slumped to as low as $31,132. Following the tweet, Bitcoin...

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Bitcoin Plunges and Rallies 30% in One Day

Bitcoin Plunges and Rallies 30% in One Day

Bitcoin on Wednesday plunged 31% in the morning, followed by a 33% resurge in the afternoon.  The significant plunge on Wednesday looped billions in value before comments from some prominent proponents helped to fuel a torrid rebound. The frantic selling had led to outrages on major crypto exchanges from Coinbase to Binance and dominated chatter...

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Central Banks Firm on Keeping Rates Loose as Commodity Prices Surge

Central Banks Firm on Keeping Rates Loose as Commodity Prices Surge

The recent fall in the surging commodity prices hasn’t yet triggered any traditional responses in currencies and bonds. Different from the commodity rallies in 2008 and 2011, the recent retreat in prices saw yields on Treasuries and currencies of major exporters like Australia have barely budged. Similarly, inflation expectations have also disconnected from the moves...

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Iron Ore Marks New Record Highs, Jumps 10% within Minutes

Iron Ore Marks New Record Highs, Jumps 10% within Minutes

Iron ore futures leaped more than 10% to $226 in Singapore to a record high on Monday open. The recent surge in prices has been primarily driven the rampant Chinese demand and the wider pick-up in commodity prices due to higher inflation expectations. According to the commodities analyst, Vivek Dhar at Commonwealth Bank of Australia, commodities...