The AUD/USD pair saw a rise of 0.40% during the recent session, reaching levels around 0.6950. This increase can be attributed to the hawkish stance maintained by Reserve Bank of Australia’s (RBA) Governor Michele Bullock. Her comments emphasized vigilance toward potential inflation risks, stating that it is premature to consider any rate cuts at the
Wealth managers utilize cash sweep programs to transfer uninvested cash in brokerage accounts to partner banks, allowing clients to earn returns on idle funds. However, these programs have come under scrutiny due to disputes surrounding the interest rates paid by partner banks, which are often lower than alternative options such as money market funds. Recent
The recent appointment of Alan Taylor, an economics professor specializing in international economics and financial crises, to the Bank of England’s Monetary Policy Committee has drawn attention from economists and financial experts alike. Taylor, a British-born professor currently at Columbia University in New York, brings a wealth of experience from both academia and the financial
The recent uptick in the U.S. stock market has been quite significant, with the S&P 500 and Nasdaq recording their biggest weekly percentage gains since late October. This positive momentum has been attributed to the easing of fears of an economic downturn. Investors are now eagerly awaiting the Jackson Hole Economic Symposium, hoping for more
Silver prices have been fluctuating in the market, affecting investors and traders who closely monitor its movements. Understanding the factors that influence silver prices is crucial for making informed financial decisions. In this analysis, we will delve into the various aspects affecting the price of silver and how it compares to other precious metals, particularly
Crude oil prices have been struggling to break through the $80.00 resistance zone, making it a challenging task for bulls to maintain control. The 4-hour chart of XTI/USD shows a recent spike above $80.00 but was quickly met with selling pressure, signaling a potential reversal in the short term. The price is currently testing the
Klarna, a financial technology firm, is making bold moves in the banking sector by introducing new products such as a checking account-like feature and a cashback offering. The company, known for its buy now, pay later loans, aims to disrupt retail banking and incentivize customers to use its platform for managing their spending and saving.
Warren Buffett, also known as the “Oracle of Omaha,” has made headlines after it was discovered that he now owns an equal number of shares in both Apple and Coca-Cola. This comes after he slashed his holding in the tech giant by half, leaving many wondering if this was a mere coincidence or part of
Inflation in the United States has recently dropped below 3% for the first time in over three years, bringing about a shift in the economic landscape. While disinflation, where prices continue to rise at a slower pace, is prevalent in many sectors, some areas are experiencing outright deflation. This deflation has primarily affected physical goods,
Gold prices have recently rebounded after a post-CPI selloff that initially pushed the precious metal down to around $2438/oz. This movement was somewhat unexpected, especially considering that US CPI figures were below expectations. The market reaction to the data led to a reduction in rate cut expectations, which may have contributed to the dip in
The recent performance of the Nasdaq 100 has left investors on edge, with the benchmark US stock index recording a monthly loss of -1.6% in July. This marked it as the worst-performing among its peers like the S&P 500, Dow Jones Industrial Average, and Russell 2000. The global risk-off behavior that unfolded over the past
The AUD/JPY cross has gained momentum near 97.55 in Thursday’s Asian session, showing an increase of 0.36% on the day. The improvement in Chinese July Retail Sales has provided a boost to the Australian Dollar (AUD), while uncertainty surrounding the Bank of Japan (BoJ) rate hike could potentially weigh on the Japanese Yen (JPY). Chinese