With strong U.S. employment and economic data boosting the US dollar, and rising rate cut expectations for the RBA, the AUD/USD has been on a persistent downtrend since October, 2024. That decline deepened following the macroeconomic data released by both the U.S. and Australia last week. Last Friday, U.S. non-farm payrolls for December came in at a robust 256,000, well above market expectations, while the unemployment r...
Copper shares on the ASX are on fire today, with some even up 15%.$Sandfire Resources Ltd (SFR.AU)$,$WA1 Resources Ltd (WA1.AU)$, and$MAC Copper Ltd (MAC.AU)$are all seeing positive upticks. This could be subsequent to three-month copper future prices reaching a 12-month high of US$8,991/tonne due to tight supply and demand. Decrease in supply & Increase in demand Over the last week, China has moved closer to potentially cutting copper prod...
Copper had a cracking day yesterday on the ASX, as well as global markets. This can be chalked down to the sharp increase in copper prices. According to Bloomberg, one pound of copper was going for roughly US$370 a month ago, US$393 a pound just three days ago, and now US$404.65 a pound as of yesterday. The continual spike in price could be due to the cut down of copper production in China, due to a shortage of raw material. Some copper shares ...
G'day, mooers! Check out the latest news on today's stock market! • US stock futures rise ahead of busy earnings week • ASX falls as BHP, Judo, Sims and Baby Bunting weigh • Stocks to watch: BHP, Hub24, Sonic Healthcare - Moomoo News AU Wall Street Summary U.S. stock futures rose slightly ahead of a batch of key earnings this week that could pull investors’ focus away from concerns about stubborn inflation. Futures tied to the tech-foc...
ひな☆彡 SOXL(Bull) : AUD drop is absolute shocker…
Salmonish : Great reason to balance investments across countries.