The Australian Prudential Regulation Authority has revoked the authorised deposit-taking institution licence of the Bank of Nova Scotia after the lender formally requested its removal as it exits the Australian banking market. In a brief notice published Monday, the regulator confirmed it had agreed to the bank’s request to surrender the licence, marking the latest…
As can be seen on the XAG/USD chart, the price of silver is recovering after forming yesterday’s low below the $79 level. The price per ounce has already exceeded $86 today (+10% in less than 24 hours!). Volatility in the silver market is being driven by fluctuations in the US dollar, as well as military…
2026.03.04 2026.03.04 Aussie Eyes More Gains As Rate Hike Remains In Play. Forecast as of 04.03.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The strong economy and the RBA’s intention to raise the key rate are facing serious headwinds from risk aversion and rising oil prices. Notably, the latter is unfavorable for global GDP. Let’s discuss this topic and make…
In this video, I covered the recent breakdown of the Straits Times Index (STI) after breaching the key 5,000 level, and what it could mean for Singapore investors. Source link
Eurozone business activity strengthened modestly in February, with services providing continued support to the region’s fragile recovery. The final PMI Services reading came in at 51.9, up from January’s 51.6. PMI Composite index was finalized at 51.9, up from 51.3 in the previous month Among the major economies, Germany led the expansion with a composite…
Last Wednesday, the closing price of Alibaba (BABA) shares was $152.28, while the closing price yesterday was $135.59, marking a 2026 low. The roughly 10% decline was driven by a combination of bearish factors, including: → Unexpected resignation of Lin Junyang (Justin Lin) – Lin led Alibaba’s AI project Qwen, a key LLM platform. According…
Łukasz Zembik Senior Market Analyst Łukasz Zembik has 13 years of experience in the financial markets. He specialises in foreign exchange and commodity markets, with a particular focus on central banks’ fiscal policies. He’s a regular market commentary contributor to leading Polish financial publications as well as international media outlets such as Reuters and Bloomberg….
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Gold price extended losses below $5,100 before the bulls appeared. WTI Crude oil prices are rising and could climb further higher toward $80.00. Important Takeaways for Gold and WTI Crude Oil Prices Analysis Today · Gold price failed to clear $5,420 and corrected lower against the US Dollar. · There is a key bearish trend…
The dollar strengthened as geopolitical tensions in the Middle East intensified. Heightened uncertainty traditionally boosts demand for safe-haven assets and dollar liquidity, supporting the US currency against a range of peers. An additional factor remains the resilience of US macroeconomic indicators, which limits expectations of an imminent easing of the Federal Reserve’s monetary policy. Amid…