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Aussie is worst performing currency after RBA rate cut
Aussie is worst performing currency after RBA rate cut
May 25, 2025
The Australian dollar tumbled on Tuesday against a basket of major rivals, resuming losses against the US counterpart after a short hiatus and becoming the worst performing G8 currency after the RBAs rate cut. The Reserve Bank of Australia voted to cut interest rates by 25 basis points to 3.85%, the lowest since May 2023, as inflation cooled. The Price...
Aussie falls and shrugs off strong employment data
Aussie falls and shrugs off strong employment data
May 25, 2025
The Australian dollar fell against most major rivals on Thursday despite strong labor data. Australia's unemployment rate was unchanged in April at 4.1%, same as March, and matching expectations. The Australian economy added 89.0 thousand new jobs in April, easily beating estimates of a 20.9 thousand addition, while March's reading was revised to show the addition of 32.2 thousand jobs...
Aussie drops after wages data
Aussie drops after wages data
May 25, 2025
The Australian dollar fell against most major rivals on Wednesday following labor data. Australian wages rose 0.9% in the first quarter of the year, above estimates of 0.8%. On trading, the AUD/USD pair rose 0.7% as of 20:56 GMT to 0.6428. Loonie The Canadian dollar fell 0.3% against the greenback as of 20:56 GMT to $0.7155. The US Dollar The...
Aussie moves in a positive zone after inflation data
Aussie moves in a positive zone after inflation data
May 25, 2025
The Australian dollar rose in Asian trade on Wednesday against the US dollar after a short hiatus yesterday, with the pair heading towards four-month high and about to mark the second monthly profit in a row. Earlier Sydney data showed inflationary pressures remained persistent on monetary policymakers, casting doubts on the odds of an Australian interest rate cut in May....
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Palo Alto price trapped in a hesitant place - Forecast today - 01-04-2024
Palo Alto price trapped in a hesitant place - Forecast today - 01-04-2024
Apr 1, 2024
Palo Alto Networks Stock Analysis Intraday levels of Palo Alto Networks stock (PANW) saw a slight increase after aligning with the upward short-term trend line, providing the stock with positive momentum. However, negative pressure was exerted by trading below the 50-day SMA, along with negative signals from the RSI after reaching overbought levels, limiting potential gains. Forecast and Analysis Given...
Bristol-Myers Squibb price pierces important resistance - Forecast today - 01-04-2024
Bristol-Myers Squibb price pierces important resistance - Forecast today - 01-04-2024
Apr 1, 2024
Bristol-Myers Squibb Stock Analysis Intraday levels of Bristol-Myers Squibb Companys stock (BMY) saw a rise, managing to surpass the important resistance level of $53.55. The dominance of an upward correctional trend in the short term, along with positive pressure from the 50-day SMA, and signals from the RSI after reaching oversold levels, contributed to the bullish sentiment. Forecast and Analysis...
Bank of America price extends gains - Forecast today - 01-04-2024
Bank of America price extends gains - Forecast today - 01-04-2024
Apr 1, 2024
Bank of America Stock Analysis Intraday levels of Bank of Americas stock (BAC) witnessed an advancement amidst the dominance of an upward correctional trend in the short term. Positive support from the 50-day SMA and signals from the RSI, after reaching overbought levels, further bolstered the bullish sentiment. Forecast and Analysis Considering the current trends and indicators, we anticipate further...
Peeling Back The Layers: Exploring America Movil Through Analyst Insights
Peeling Back The Layers: Exploring America Movil Through Analyst Insights
Apr 1, 2024
Ratings for America Movil ( AMX ) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
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BRIEF-UK's CMA Has Until 16 July 2024 To Decide Whether To Accept Undertakings In Pennon/ SES Deal
BRIEF-UK's CMA Has Until 16 July 2024 To Decide Whether To Accept Undertakings In Pennon/ SES Deal
May 13, 2024
May 14 (Reuters) - Pennon Group PLC ( PEGRF ): * UK'S CMA - THERE ARE REASONABLE GROUNDS FOR BELIEVING UNDERTAKINGS OFFERED BY PENNON, OR A MODIFIED VERSION , MIGHT BE ACCEPTED BY CMA * UK'S CMA SAYS CMA NOW HAS UNTIL 16 JULY 2024 TO DECIDE WHETHER TO ACCEPT UNDERTAKINGS, WITH POSSIBILITY TO EXTEND THIS TIMEFRAME TO 11 SEPTEMBER...
Apple supplier Foxconn's Q1 profit jumps 72% y/y, misses forecasts
Apple supplier Foxconn's Q1 profit jumps 72% y/y, misses forecasts
May 13, 2024
TAIPEI, May 14 (Reuters) - Apple ( AAPL ) supplier Foxconn reported on Tuesday a 72% rise in first-quarter profit, boosted by strong demand for computer servers and coming off a low base from the period a year earlier. The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion ($679...
Cryptoverse: Retail traders sit out bitcoin rally
Cryptoverse: Retail traders sit out bitcoin rally
May 13, 2024
(Our regular analysis of cryptocurrencies) By Medha Singh May 14 (Reuters) - What's happened to the army of retail traders who used to drive bitcoin's biggest rallies? U.S. crypto exchange Coinbase reported just $56 billion in consumer trading volumes in the first quarter of 2024, when bitcoin leapt to record heights close to $74,000. While that represents a fledgling recovery...
Sony posts 7% fall in annual profit, narrowly misses PS5 target
Sony posts 7% fall in annual profit, narrowly misses PS5 target
May 13, 2024
TOKYO, May 14 (Reuters) - Japan's Sony Group ( SONY ) reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its financial business. Profit for the year ended March was 1.2 trillion yen ($7.67 billion), in line with an average estimate from 23 analysts polled by LSEG. Sony ( SONY ) said it sold...
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