Forecasts

On Monday, July 22, the People’s Bank of China (PBoC) is expected to announce the one-year and five-year Loan Prime Rates (LPR). Economists predict that the rates will remain steady at 3.45% and 3.95%, respectively. However, any unexpected cut in the rates could potentially fuel demand for the Australian dollar. Lower lending rates could lead
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Netflix, Inc recently released its second-quarter earnings report, showcasing its continued dominance in the streaming industry. With a remarkable 16.5% year-over-year increase in global paid memberships, reaching 277.65 million, Netflix exceeded all expectations. The company also reported a 17% increase in revenue, totaling $9.56 billion. This growth was largely driven by the surge in ad-supported
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China’s highly anticipated policy meeting, the Third Plenum, is set to begin today, July 15th, and will run through Thursday, July 18th. This gathering holds significant importance, as past Third Plenums have led to major transformative periods in China’s economic policies. Notable examples include the bold move towards economic reform in 1978 under Deng Xiaoping’s
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Recent remarks by Fed Chair Powell have highlighted concerns about softening labor market conditions. This shift in focus towards potential weakness in the labor market has caught the attention of investors and analysts alike. With the Fed now considering the possibility of further rate cuts to combat this issue, the upcoming labor market data will
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When it comes to making financial decisions, it is crucial to conduct thorough due diligence. This involves researching and analyzing the market conditions, as well as consulting with knowledgeable advisors. Relying solely on information provided by third parties can be risky and may lead to financial losses. It is important to note that the information
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