US

So the market has got what it has been waiting for. And how did it react?

Watching and waiting. But while waiting I've taken advantage of this recent volatility to make some profits. The recent volatility in stock prices and foreign exchange rates worldwide is simply waiting for one number. The US interest rates. Currently the interest rate stands at 5 per cent. The Federal Open Market Committee (FOMC) from the Federal Reserve in the USA will determine whether or not to raise rates at their two-day meeting, ending June 29.

In a recent SMH Article which is syndicated from the NYTimes, it notes how Amazon isn't revealing much by way of its success or failure in the recent Amazon Prime promotions, sales figures and growth or even costs. And to show the investors' disappointment: the stock has fallen 22 per cent from its recent highs. Seems like this once jewel of the internet is fast becoming a white elephant.