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Waiting for a clearer signalBase case: while above the 200-day SMA past 0.6940, spot should maintain the neutral-to-bullish stance. Of note is that the pair is flirting with the overbought zone, which carries the potential to, eventually, trigger a “technical” correction.Australia’s relatively solid domestic fundamentals and the RBA’s cautious stance should discourage aggressive selling. At the same time, bouts of fresh demand for the US Dollar (USD) and geopolitical uncertainty could prevent an immediate breakout.Bullish case: A convincing move beyond 0.7100, ideally supported by firm Australian data, stronger expectations of another RBA rate increase, lower US yields or a widespread…

USD/JPY trades north of the 159.00 barrier at the time of writing on Thursday, higher on the day and clawing back most of the previous session’s losses. The move owes more to a steadier US Dollar (USD) than to anything out of Japan, with the Greenback recovering after slipping to a three-month low.The US Dollar’s footing improved as United States (US) Treasury yields bounced back from Wednesday’s sharp drop, following the US Treasury’s decision to expand its liquidity-support buybacks of longer-dated debt. Firmer labor data helped as well, with weekly Initial Jobless Claims coming in below expectations and keeping the…

Will Venters, associate professor of Digital Innovation and Information Systems at the London School of Economics, said companies can be caught out as they experiment with or implement AI internally, as staff burn through tokens.”People are finding it really hard to manage that cost… it’s a non-deterministic output, so it’s a non-deterministic value,” he said.Companies are finding ways to work around this.Oliver King-Smith, founder of engineering software firm smartR AI, says smaller organisations “can fly under the radar and use [flat fee] personal accounts which I am sure the big vendors don’t like”.But, he says: “This has to end at…

Sales at the US retail giant Walmart grew at their slowest pace for more than six years in the most recent quarter, suggesting American shoppers are under strain.Walmart, which due to its size is well-placed to gauge consumers’ mood, blamed the rising price of fuel.Sales at comparable sites across the chain were up by 2.6%, excluding fuel, between May and July the company said.Walmart said it would use up to $3bn of expected tariff refunds to lower prices in a bid to keep customers spending.The rebate stems from duties the retailer paid after President Trump imposed a wave of tariffs…

Growing up in a small Pennsylvania town, Max Kulyk knew from an early age that the identity others saw didn’t fully match how he understood himself. Over the course of several decades, he built a career in financial services, raised a family, pursued theology and founded Chicory Wealth, all while continuing to explore questions of purpose, identity and authenticity.After years of reflection and personal growth, Max made the decision to begin his gender transition at the age of 64. That experience deepened his understanding of what it means to feel truly seen, while also reinforcing his commitment to creating a…

The Pound Sterling (GBP) advances on Thursday during the North American session, up 0.25% after US economic data showed that the labor market remains solid, despite a weaker Nonfarm Payrolls in July. The GBP/USD pair trades at 1.3639 after reaching a daily high of 1.3659, its highest level since February.GBP/USD rises as UK inflation offsets solid US labor dataThe Greenback has recovered some ground after posting losses, following the US Department of the Treasury’s announcement of a bond buyback program. The Treasury’s goal is to provide liquidity for the long end of the curve, but markets interpreted the move as…

Investment and deal activity in space technology accelerated sharply in the first half of the year, driven by SpaceX’s IPO, large-scale consolidation and expanding interest in satellite broadband, Earth observation and orbital computing, according to analysts at S&P Global (NYSE:SPGI) Market Intelligence. During a webinar on the emerging space economy, Sarah James, who leads the Tech, Media & Telecoms News team at S&P Global Market Intelligence, said $146 billion of common stock was offered through U.S. IPOs during the first six months of the year. SpaceX accounted for $86 billion of that total. The broader space technology market recorded $338…

Note: The following is an excerpt from this week’s Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>Here are the key points:For the 463 S&P 500 companies reporting Q2 results (representing 92.6% of total index membership), aggregate earnings grew +40.9% year-over-year on +14.5% higher revenues. Positive Surprises were widespread, with 83.8% beating EPS estimates and 76.9% topping revenue estimates. Q2 performance significantly exceeded recent historical baselines. Both growth rates and beat percentages tracked comfortably above this group’s 20-quarter averages. Excluding Micron and Alphabet, Q2 earnings for the remaining 461…

Shares of Milky Mist Dairy Food came under mild profit-booking pressure on Thursday after gaining 42% over the previous two trading sessions following its much-awaited stock market debut.The stock slipped as much as 4.21% to an intraday low of Rs 191.25 on the NSE. However, the decline later moderated, with the shares trading broadly flat around Rs 200 apiece.The Thursday dip comes after a strong run since listing. Milky Mist made its market debut on August 18 at Rs 165 per share, an 18% premium to its IPO price of Rs 140. The stock extended its gains in the following…

Key PointsShares of silicon carbide power module-maker Wolfspeed (NYSE: WOLF) tumbled 15.2% through 11:40 a.m. ET Thursday after missing badly on its earnings report last night.Heading into its fiscal Q4 2026 report, analysts already weren’t optimistic, expecting Wolfspeed to lose $0.52 per share on sales of $223.6 million, but the news was actually much worse. Wolfspeed lost $2.26 per share — four times as bad as expected — and its sales were only $149.6 million. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the…