Author: Admin

AUD/USD waits for a clean breakBase case: while above the 200-day SMA near 0.6990, spot should maintain the constructive stance. Of note is that the pair is navigating close to the overbought zone (daily RSI flirting with 69), which has the potential to trigger a “technical” correction.Against that, Australia’s relatively solid domestic fundamentals and the RBA’s hawkish stance should discourage aggressive selling, while bouts of fresh demand for the US Dollar (USD) and steady geopolitical uncertainty should keep bulls’ impulse contained for now.Bullish case: A convincing move beyond 0.7200, ideally supported by firm Australian data, stronger expectations of another RBA…

The policy is currently out for consultation, allowing interested parties to give their views.The idea is that the big supermarkets would be the ones carrying the financial burden of the policy.Speaking on his East Lothian farm, Wyllie said that – in reality – that’s probably not how things will play out. He fears the big retailers will pass any losses down to producers like him.He said: “I struggle to see how, or why, they would swallow that cost””They’ll pass it down to us. We see it all the time”.And he worries that when the supply chain dust settles, it will…

Commerzbank’s Charlie Lay highlights Hong Kong’s first five-year plan to strengthen its position as the leading offshore CNY and cross-border financial centre. Expanded CNY products, enhanced Stock/Bond/Wealth Connect schemes and broader commodity and tech financing aim to deepen two-way capital flows. While near-term USD/CNY impact is limited, the longer-term implications are modestly CNY-positive via greater international usage.Five-year plan supports CNY use”Hong Kong plans to deepen its role as the leading offshore CNY and cross-border financial center under its first-ever five-year plan.””Chief Executive John Lee said the government intends to expand offshore CNY investment and risk-management products and widen mutual market…

Crude Oil trades just under $91.00 after adding 1.6% on Monday. The grind has run roughly $10 from the $81.00 area in nine sessions, and not a barrel has stopped being produced in any of them. The rally is about where barrels can go and what can be done with them once they arrive, and Monday’s news was about the second.The target was not a wellheadSaudi Aramco’s Jizan refinery, a 400K barrel-a-day plant on the Red Sea coast, was struck again on Monday according to a Financial Times report citing two people with knowledge of it. Damage is being assessed…

Key PointsTesla (NASDAQ: TSLA) is well off a 52-week high that approached $500 per share. At its current price of around $360, the stock is also comfortably below the average analyst price target for the electric vehicle (EV) manufacturer. Yet just because Tesla appears undervalued to the analysts, does that make it an obvious buy? Tesla’s financials paint a mixed, but interesting, picture. Elon Musk’s company posted a record second quarter of EV deliveries, and total revenue jumped 26% year over year to $28.2 billion. All that would appear to be great news, until you look at the company’s profitability.…

Hewlett Packard Enterprise’s (NYSE: HPE) Q2 results aligned with trends suggesting the AI boom is not only still in place and growing, but also far larger in size, scope, and durability than the market is giving it credit for. In this scenario, upside potential remains largely unchecked, despite near-term weakness, setting the stage for robust gains in the coming quarters. Key takeaways from the release included broad-based demand led by cloud, AI, and data centers, and a multiyear runway underpinned by two major GPU suppliers. HPE is a leading, if not the leading, provider of NVIDIA (NASDAQ: NVDA) and Advanced…

The smart ring market is getting crowded, and Oura isn’t waiting around to see what happens next: it officially filed to go public on September 3. The company is killing it right now. The Finnish outfit’s revenue nearly doubled to $1.21 billion for the nine months ended June 30. Oura said it sold 3.6 million rings over the past year, and that it has around 5 million paid members. The company’s move to go public follows the recent launch of the Oura Ring 5, its slimmest and lightest ring yet. But while Oura has largely dominated the smart ring market…

Next has won an appeal allowing it to keep paying warehouse workers a higher hourly rate than shop floor staff in a long running battle over equal pay.The Employment Appeal Tribunal has overturned a key part of a landmark ruling in 2024 which found the retailer was wrong to pay its warehouse staff higher basic pay than shop floor workers for jobs of equal value.More than 3,500 current and former employees, mainly women, had been set to share potentially more than £30m in back pay as a result of that judgement.After Next’s appeal, the law firm Leigh Day, which represents…

Southwest Airlines planes get ready to take off from Denver International Airport in Colorado on Nov. 6, 2025.Rj Sangosti | MediaNews Group | The Denver Post | Getty ImagesSouthwest Airlines on Wednesday unveiled plans for its network of airport lounges that it’s been hinting at for months.The carrier said its first lounges would debut in Austin, Texas; Baltimore; Honolulu; and Nashville, Tennessee. It said construction has already begun at those airports and it expects to open those locations in late 2027.The airline is partnering with Chase on the effort, saying it wants to build on that company’s Sapphire Reserve Lounge…

The chancellor may have thought about shifting the venue of his first major speech this morning.It was an absolute and total coincidence that he chose to make it in the Coventry Manufacturing and Technology Centre (MTC), just a few minute’s drive from the city’s totemic HQ of Jaguar Land Rover (JLR).In the event, no one was pulling punches. The 4,000 office-based job losses at JLR were confirmed as John Healey answered questions a few miles away.Healey chose to lean into it as an example of the global turbulence against which the UK needs more resilience.The difference between this chancellor and…