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In recent weeks, the Australian Dollar (AUD) has experienced a significant decline against the US Dollar (USD), with a decrease of nearly 3.5%. This downward trend has positioned the AUD as one of the weaker currencies among the G-10 group. Analysts point to several factors contributing to this decline, with two key factors standing out.
In a surprising move, Berkshire Hathaway has been on a selling streak, reducing its stake in Bank of America for nine consecutive days. This recent development has raised eyebrows as investors wonder about Warren Buffett’s strategy behind trimming this long-time holding. The conglomerate sold a significant 18.4 million shares of the bank over a four-day
Investors around the globe are closely eyeing the upcoming release of the Job Openings and Labor Turnover Survey (JOLTS) data in the US. This data, which is set to be published by the US Bureau of Labor Statistics (BLS) on Tuesday, is expected to shed light on the number of job openings in June. The
The Short Term Elliott Wave View in E-Mini Dow Jones Futures (YM) suggests that the trend is positioned to continue its upward trajectory within the sequence initiated from the April 2024 low. Specifically, the current scenario favors an upward movement in wave 5 of (5) since April 18, 2024 low, while emphasizing the importance of
When it comes to investing in open markets, it is crucial to understand the risks and uncertainties involved. The information provided on various platforms, including FXStreet, should be viewed as purely informational and not as a recommendation to buy or sell any assets. It is essential for investors to conduct their own thorough research before
The Australian Dollar (AUD) has been facing challenges in the forex market due to a combination of factors such as economic concerns over China, high inflation rates, and weak retail sales data. This article will analyze the impact of key economic data releases on the AUD and how they influence market expectations. The upcoming release
Oil prices have been trading near seven-week lows due to a softening demand outlook that has weighed on commodities. Despite tensions in the Middle East and Venezuela, traders have been focusing on worries over Chinese demand, leading to a decrease in oil prices. Brent crude futures hit $79.36, reflecting the cautious sentiment in the market.
When it comes to making financial decisions, it is crucial to approach the information available with a critical eye. The disclaimers provided on websites offering financial news and analysis are there for a reason – to remind us that we should not blindly follow any recommendations or advice without conducting our own research and due
In a recent address to Parliament, Britain’s new finance minister, Rachel Reeves, highlighted the dire state of the country’s public finances. Coming into office after a landslide victory on July 4, the Labour government inherited a situation where public spending was set to exceed budget by a substantial 21.9 billion pounds. Reeves wasted no time
Stock prices saw a rebound on Friday, with the S&P 500 index closing 1.11% higher. However, it closed below the daily high, indicating consolidation rather than a shift in the short-term trend. The S&P 500 is expected to open 0.6% higher on Monday as well. The upcoming week will see key quarterly earnings releases from
The Bank of Japan (BoJ) is preparing to make a pivotal decision on interest rates at its upcoming meeting. With the global economy facing challenges such as inflation and economic uncertainties, the BoJ’s choice will hold significant weight in financial markets worldwide. Speculation has been mounting about a possible rate hike by the BoJ, as