The level of interest rates set by the Reserve Bank of Australia (RBA) plays a crucial role in determining the value of the Australian Dollar (AUD). As a resource-rich country, Australia’s economy is heavily influenced by the price of its biggest export, Iron Ore. Additionally, factors such as the health of the Chinese economy, Australia’s
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U.S. stock index futures witnessed a decline on Wednesday due to disappointing results from chip stocks such as Advanced Micro Devices (AMD) and Super Micro Computer (SMCI). The AI chip sales forecast from AMD fell short of investor expectations, leading to a 6.3% drop in premarket trading. Similarly, SMCI reported third-quarter revenue below estimates, causing
Amazon’s shares saw nearly a 2% increase after the company exceeded both top and bottom-line expectations. With earnings of 98 cents per share on $143.31 billion in revenue, Amazon outperformed analysts’ forecasts of 83 cents per share on $142.5 billion in revenue. Despite beating expectations in advertising and Amazon Web Services, the company’s second-quarter revenue
The recent volatility in the bond market has been a cause of concern for equity investors, raising questions about how rising yields will affect stocks in the year 2024. According to Goldman Sachs, the key threshold to watch out for is 5% on the 10-year Treasury yield. In a comprehensive 19-page report analyzing market data
GBP/JPY has shown a steady rise recently, mainly due to the overall positive market sentiment that has led to a reduction in flows towards the safe-haven Japanese Yen. The positive lending data in the UK indicates that credit remains ample, adding to the bullish outlook for the Pound. Despite disinflationary trends in the UK, analysts
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