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Economic Updates

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Economic Updates

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How has Natural Gas been affected by Sanctions?

Natural gas like many other energy sectors, is not bulletproof when it comes down to volatility. It’s not hard to imagine that any destabilization of large producers or consumers within the industry would have a direct impact in its spot price, as investors are spooked of the possibility of supply chains suffering from strains in Geopolitical...

March 18, 2022
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Inflation fears leads to a Bearish equity market

Equity investors have gone through another rocky week. A week highlighted by the first post-pandemic interest rate hike by the US Federal Reserve, the on-going Russia and Ukraine conflict and the surging fuel prices that could potentially derail the global economic recovery. Australian equity futures increased 0.3% on Monday, despite the aforeme...

March 17, 2022
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Myer announces first dividend payout since 2017

Myer is an Australian mid-range to upscale department store chain. It trades in all Australian states. Myer retails a broad range of products from clothing and cosmetics to homewares and electronics. Myer has recently released their half-year results. In the first five weeks of 2022 they have posted a 15.2% increase in sales. Online sales have a...

March 11, 2022
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Oracle latest financial results announced

Oracle Corporation reported its fiscal 2022 third quarter financial results after the closing bell on Wall Street today. The US software and hardware manufacturer reported revenue of $10.513 billion vs. $10.506 billion expected. Earnings per share at $1.13 per share, falling short of analyst estimate of $1.18 per share. The company also an...

March 11, 2022
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JD.com Q4 numbers are in

JD.com Inc. (JD) announced its fourth-quarter earnings numbers on Thursday. The Chinese e-commerce company reported revenue of $43.422 billion (up by 23% year-over-year), slightly above Wall Street analysts forecast of $43.186 billion. Earnings per share reported at $0.35 per share vs. $0.28 per share expected. ''We are pleased to finish t...

March 11, 2022
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Iron ore skyrockets to six-month high as China eases Covid-19 restrictions

Iron ore prices have continued to rally to a six-month high this week, due in part to reports of potential easing of China’s strict COVID-19 policy and their signs of improved steel demand. The Singapore Exchange has the iron ore futures price reaching $165 USD a tonne on Tuesday, this is the highest level since July 2021. The price inc...

March 10, 2022
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Gold pushes through $2000 as demand grows during uncertain times

Gold has seen a resurgence in the past few weeks on the back of inflationary pressure and geopolitical tensions in Ukraine and Russia. Prior to the conflict, the price of Gold was hovering around $1,800 USD per ounce. After pushing through $2000 USD per ounce the price is now moving closer to its all-time high at $2070. The rise in other commodi...

March 9, 2022
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Commodities’ record high prices wreaking havoc for inflation

A sudden rapid increase in commodity prices, propelled by supply concerns stemming from the Russia and Ukraine conflict, has brought about inflationary pressure and moved future inflation expectation. The increase has also pushed indices into a bear market and caused some volatility in global equities. Nickel, European gas and wheat have all...

March 9, 2022
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Are EV cars inevitable?

Since the recent crisis in Europe, you would have noticed a few things in the stock market which have directly or indirectly affected your normal day to day life, as a motorist one of the first things that you would have taken note of, is the price of fuel. Only a fortnight ago petrol prices for unleaded fuel was sold for $149.99 per litre (APCO se...

March 8, 2022
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How the US sanctioned Russia in response to their invasion

Investors are currently bracing for further volatility in the global markets as Russia’s troops have been deployed into eastern Ukraine. The heightened tensions between Russia and Ukraine reached a tipping point last week when the Kremlin had officially recognised regions in eastern Ukraine held by separatists (supported by Russia). Russia ord...

March 4, 2022
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Rio Tinto’s record setting performance

All prices in this article will be in USD unless otherwise stated. Rio Tinto Group is an Anglo-Australian multinational and the world's second-largest metals and mining corporation, behind BHP, producing iron ore, copper, diamonds, gold and uranium. Rio Tinto made history last week by posting the second biggest profit in Australian corporate ...

March 4, 2022
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What is SWIFT and the sanctions against Russia?

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SC, is a Belgian cooperative society providing services related to the execution of financial transactions and payments between banks worldwide. Its principal function is to serve as the main messaging network through which international payments are initiated. ...

March 4, 2022
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Salesforce record fourth quarter and Slack expectations

Salesforce the worlds #1 customer relationship management (CRM) platform has just announced record fourth quarter and full fiscal 2022 results exceeding expectations. The pandemic-led shift to hybrid work has kept up a strong demand for its cloud-based software. Total fourth quarter revenue was $7.33 billion, an increase of 26% year over yea...

March 3, 2022
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Advantages and disadvantages of using an Expert Advisor (EAs)

What is an Expert Advisor (EA)? Expert Advisors (EAs) are trading software that automatically run and trade based on their preprogrammed rules for initiating, managing, and exiting trades in the market. These automated trading systems are very popular among traders and are widely used on the Metatrader 4 and 5 platforms. For most traders, EA...

March 3, 2022
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Dicker Data’s year of acquisitions

Dicker Data is an Australian-owned and operated, ASX-listed technology hardware, software and cloud distributor. They were founded in 1978. As a distributor, they sell exclusively to a valued partner base of over 5,500 resellers. Dicker Data distributes a wide portfolio of products from the world’s leading technology vendors. Dicker Data h...

March 2, 2022
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