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CIO advises reducing dollar allocations amid expected currency weakness and gold support

The US dollar's recent stabilization follows a sell-off, while gold prices are expected to remain strong amid ongoing geopolitical uncertainties and structural demand. The CIO suggests capitalizing on short-term USD strength to reduce dollar allocations in favor of other currencies, anticipating a return to dollar weakness as the Fed is likely to resume interest rate cuts later this year. Gold is projected to reach a target of USD 3,500/oz, supported by rising central bank purchases and safe-haven demand.

Australian inflation data may influence AUD USD movement this week

The Australian dollar (AUD) closed at 0.6396, marking a five-month high, driven by improved risk sentiment and easing investor anxiety over U.S. tariffs and the Federal Reserve's stance. Upcoming Australian inflation data on April 30 is expected to influence AUD/USD movements, with forecasts suggesting a rise in headline inflation to 2.3% annually. A sustained break above 0.6467 could signal a potential rally towards 0.6770, while a failure to maintain this level may see a retreat to 0.6200.

Morgan Stanley exits substantial holding in Prospect Resources Ltd.

Morgan Stanley and its subsidiaries have ceased to be substantial holders in Prospect Resources as of April 22, 2025. This change follows the acquisition of 3,100,000 shares by Morgan Stanley Australia Securities Limited on March 18, 2025, potentially affecting the company's market perception and investor confidence.

danone's diverse product portfolio and global market presence highlighted by UBS optimism

Danone, a leading global food group, reports its sales breakdown: dairy and plant-based products (49.2%), specialized nutrition (32.6%), and packaged waters (18.2%). By the end of 2024, the company will operate over 180 production sites worldwide, with significant sales in Europe (26.5%) and North America (24%).

Australia 200 rises as trade tensions ease and financial sector rebounds

The Australia 200 index rose 0.55% to 7963, buoyed by easing US-China trade tensions and support for Fed Chair Powell. Despite optimism, cautious trade negotiations loom, with minimal progress reported ahead of a July tariff deadline. Key sectors like financials and mining showed recovery, while healthcare saw gains from ResMed's strong Q3 results.

aud usd breaks key resistance signaling potential bullish trend reversal

AUD/USD has shown a significant recovery this month, breaking key resistance levels and approaching the 200-day moving average at 0.6470. A sustained move above this average could indicate a bullish trend reversal, with targets set at 0.6550 and 0.6640, while short-term support is noted at last week's low of 0.6270.

Syfe acquires Selfwealth to enhance presence in Australian investment market

Singapore-based investment platform Syfe has secured approval to acquire Australian digital investing platform Selfwealth for A$65 million (US$41.7 million), with 99.7% of votes in favor. The deal, which values Selfwealth at 28 Australian cents per share, is set to close on May 7, 2025, pending regulatory approvals. Following the acquisition, Selfwealth will be rebranded as “Selfwealth by Syfe,” maintaining its current features while integrating Syfe’s technology to enhance user experience.

Australia 200 shows stability amid US market fluctuations and uncertainty

The Australia 200 index has stabilized above critical resistance levels, with expectations to trade sideways between 8000 and 8200 until year-end, indicating resilience amid market fluctuations. Meanwhile, the Australian dollar shows potential for a medium-term bottom if it breaks above the 200-day moving average. In contrast, the US Tech 100 has rebounded cautiously, with uncertainty surrounding its future direction as it faces volatility until key technical levels are breached.

Trump Powell tensions fuel Australian dollar gains amid US asset exodus

The Australian dollar (AUD) surged to 0.6376, a 1.36% increase, as the US dollar weakened amid escalating trade tensions and investor concerns over US economic policies. Trump's ongoing criticism of Fed Chair Powell has raised doubts about the Fed's independence, potentially driving further investment away from US assets towards the AUD. Continued discord may enhance this trend, with a break above the 200-day moving average signaling a possible rally towards 0.6770.

Morgan Stanley lowers price target for ASX 200 index

Morgan Stanley has revised its price target for the ASX 200, reflecting changes in market conditions and expectations. This adjustment indicates a shift in the financial outlook for the Australian stock market, which may impact investor sentiment and strategies moving forward.
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