DAILY UPDATES
China Launches Military Exercise
The Chinese People's Liberation Army (PLA) launched a large-scale military exercise after Nancy Pelosi began a visit to Taiwan.
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Fed Effect on Gold
Gold gained value with the hawkish statements from Fed officials, US-China tensions, and the decline in dollar and bond yields.
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Nasdaq is Testing Major Trend Ahead of Pelosi Visit
Nasdaq is close to ending the downtrend as the price is getting closer to the trend line.
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Tension in Global Markets
The news that Nancy Pelosi will visit Taiwan affects market pricing.
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Fourth Rate Hike from The Reserve Bank of Australia
The Reserve Bank of Australia (RBA) increased its policy rate to 1.85%.
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COT Weekly Non-Commercial Net Positions
The weekly COT (Commitments of Traders) report shows the general positioning of traders in the futures market.
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Pelosi Won’t Go to Taiwan
Taiwan was not mentioned in the statement regarding the visit to Pacific countries.
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Slowdown Signals Continue to Come From China
The recovery trend in the Chinese economy ended with an unexpected contraction signal in the manufacturing sector.
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US Economy Shrinks for Second Consecutive Quarter
For the second consecutive quarter, the US economy shrinked.
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Yellen’s ‘Recession’ Assessment
Janet Yellen reported that the country's economy is not in recession, employment and consumer spending have increased and businesses are...
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Meta’s Revenue Drops for The First Time
Meta's revenue in the second quarter of this year fell for the first time, down 1 percent compared to the...
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Fed Raises Interest Rates by 75 Points
The 150 basis point rate hike in the June and July meetings was recorded as the hardest tightening move since...
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