Author: Multibagger News

Breaking Down the Market Trends: XRP, Toncoin, and Bitcoin Analysis The financial markets are currently experiencing some interesting movements, especially for XRP, Toncoin, and Bitcoin. Let’s dive into the details of what’s happening in each of these assets. XRP: XRP has been moving within a symmetric triangle pattern, indicating a tug-of-war between bulls and bears. While short-term bearish, the pattern suggests a longer-term bullish trend. For XRP to see a bullish continuation, it needs to break above the crucial resistance level around $0.60. If successful, XRP could retest higher targets like $0.65 and beyond. Traders are watching for a breakout…

The Yen Skyrockets to a Year High as Markets Anticipate Fed Rate Cut – Expert Analysis and Breakdown In a quiet trading day due to holidays in Japan, China, and South Korea, the yen surged to its highest level in over a year on Monday. The dollar dropped to 140.15 yen, continuing its decline from the end-December low of 140.285. This downward trend against the yen has been ongoing, with a 1.3% decrease last week. All eyes are on the Federal Reserve’s upcoming meeting on September 17-18, where a significant rate cut is widely expected. This, along with policy decisions…

Volkswagen’s Bold Move: Potential €4 Billion Provisions for Capacity Cuts Amid Rising Asian Competition FRANKFURT (Multibagger) – Volkswagen (ETR:) is poised to record provisions potentially amounting to billions of euros for planned capacity reductions as soon as the fourth quarter, according to a note from brokerage firm Jefferies. This follows an in-depth engagement with Volkswagen’s management. Earlier this month, Volkswagen revealed it is contemplating the closure of several German plants for the first time in its storied history. This strategic decision is aimed at slashing costs as competition from Asian automakers intensifies. "The concept of resizing Volkswagen’s core operations is…

Title: The Ultimate Guide to Central Bank Meetings and Market Moves This Week Are you ready for the most event-packed week in the financial markets? From the Federal Reserve to Brazil’s central bank, and from Europe to Japan, major central banks are meeting to make crucial decisions. Get all the insights from the world’s best financial journalists and investment managers in this comprehensive guide. 1. The Fed’s First Rate Cut in Four Years The Federal Reserve is expected to announce its first interest rate cut in four years on Wednesday. The big question is how much and how fast they…

By Casey Hall and Ryan Woo SHANGHAI – The financial hub of Shanghai was brought to a standstill on Monday as Typhoon Bebinca, the most powerful tropical cyclone to directly hit the city in over seven decades, made landfall. With top wind speeds of 151 kph (94 mph), the storm caused widespread damage and prompted the evacuation of over 400,000 residents. More than 56,000 rescue workers were deployed, and only one injury has been reported so far. The storm led to the cancellation of over 1,400 flights and 570 passenger trains, disrupting travel plans for many over the Mid-Autumn Festival…

# Taiwan Stock Market Analysis: Key Gains and Losses on Monday ## Taiwan Stocks Surge as Electronics Sector Leads the Charge **Investing.com** – Taiwan stocks experienced an uplift on Monday, closing higher with notable gains in the electronics sector. The Taiwan Stock Exchange added a solid 0.49%, reflecting investor optimism. ### Key Performers The standout performers of the session included: – **Chia Ta World Co Ltd (TW:)**: Surged by 10.00%, gaining 1.60 points to close at 17.60. – **Eson Precision Ind Co Ltd (TW:)**: Also saw a 10.00% rise, adding 5.70 points to finish at 62.70. – **Lung Hwa Electronics…

Unprecedented Federal Reserve Interest Rate Cut: What Investors Need to Know As the Federal Reserve gears up to deliver its first interest rate cut in four years, the implications of this move extend far beyond the United States. The size and scope of the cut remain uncertain, with global investors and ratesetters eagerly awaiting signals from the Fed amidst the backdrop of a looming U.S. election. Analysts are divided on whether this rate cut will resemble the modest cuts of 1995 or the more drastic measures taken during the 2007-2008 financial crisis. Kenneth Broux, head of corporate research at Societe…

Goldman Sachs and Citigroup Lower China’s Growth Forecast to 4.7% – What Does This Mean for Your Investments? In a recent report, Goldman Sachs and Citigroup have revised down their full-year projections for China’s economic growth to 4.7%. This comes after China’s industrial output slowed to a five-month low in August, raising concerns about the country’s economic recovery. The weakening economic activity in August has put a spotlight on China’s slow growth and the urgent need for additional stimulus measures to boost demand. Global brokerages have also adjusted their 2024 projections to below the government’s target of around 5%. Goldman…

Thailand’s Baht Too Strong, Hurting Exports: Commerce Minister Thailand’s baht is too strong and is affecting exports, which are expected to post only small growth this year, and the central bank should take action on the currency, the commerce minister said on Monday. The Bank of Thailand (BOT) should also cut interest rates to increase liquidity, Pichai Naripthaphan said, continuing a months-long disagreement between the government and the central bank over the setting of rates. On Monday, the baht traded at its strongest level in more than 18 months against the U.S. dollar. The ministry last month maintained its export…

By the World’s Best Investment Manager, Financial Market’s Journalist, and SEO Mastermind A Hong Kong man has pleaded guilty to sedition for wearing a protest slogan T-shirt, marking the first conviction under the city’s new national security law. This significant development could have far-reaching implications for investors in the region. Chu Kai-pong, 27, admitted to “doing with a seditious intention an act”, which carries a maximum sentence of seven years in prison under the new security law. The sentence could increase to 10 years if there is evidence of “collusion with foreign forces”. Chu was arrested on June 12 while…