Author: FX
The DXY trades slightly lower on Monday. Markets digest recent inflation data and strong S&P PMIs figures. Attention shifts to Wednesday’s Fed rate decision. The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, trades slightly lower on Monday after a string of data and headlines placed added attention on the upcoming Federal Reserve (Fed) rate decision. The Greenback eases off last week’s strong rally as Chinese economic data and stimulus measures bolster risk appetites.Despite these developments, rising US Treasury yields help limit losses for the US Dollar, even as the market has…
The USDCAD is pushing higher, testing levels not seen since April 2020 at 1.4264. A break above this key resistance would open the door to the next target near the March 8, 2020 high at 1.4348.Since late September, the USDCAD has been trending steadily upward, starting from around 1.3425—a significant move that reinforces the adage: “the trend is your friend.” In strong trends like this, it’s critical to identify levels that need to be broken on the downside to signal that sellers are starting to regain control. Without those breaks, sellers are simply not winning, and the buyers remain firmly…
The Mexican peso draws some support from the softer US Dollar to return to the key 20.00 level. Investors are trimming US Dollar bets ahead of Wednesday’s Federal Reserve meeting. The USD/MXN is trading lower but might need an extra boost to breach the 20.00 level. The Mexican Peso (MXN) has given away the moderate gains seen at the week opening and is retreating again from the 20.00 level. The US Dollar (USD) has taken back lost ground following a soft week opening as US Treasury yields retreated from last week’s highs.In today’s economic calendar, US preliminary Purchasing Managers Index (PMI) data is expected to…
UAV (OTCPK:UMAV) announced a strategic reduction in its authorized share count. The firm said its board has approved a reduction in authorized common shares by 1.2 billion, bringing the total from 2 billion to 800 million shares. “Reducing our authorized shares reflects our commitment to disciplined financial management and our focus on enhancing shareholder value,” said CEO, Michael Lawson. Source link
PRINCETON, N.J.—Peter J. Mariani, the Chief Financial Officer of Cytosorbents Corp (NASDAQ:), recently acquired a substantial amount of the company’s common stock. According to a recent SEC filing, Mariani purchased 20,000 shares on December 13, 2024, at an average price of $0.9647 per share. This transaction amounted to a total value of $19,294. The purchase comes as the stock shows strong momentum, with InvestingPro data showing a 14.75% gain over the past week. The company, currently valued at approximately $55 million, has caught analysts’ attention with price targets ranging from $1 to $10 per share. The shares were bought in…
As major cryptocurrencies like Solana and Toncoin hit a pause, the spotlight turns to an emerging player in the digital asset space. Cybro is set to make its debut on the exchange, generating buzz with staggering projections. This unexpected contender is capturing the attention of investors keen to uncover the potential behind this dramatic forecast.CYBRO to List Ahead of Schedule Following 450% Surge and $7 Million PresaleCYBRO, the AI-driven multichain platform, is accelerating its timeline for listing on major exchanges after a standout presale performance. The platform raised $7 million and drew nearly 20,000 investors, positioning itself as a frontrunner…
EUR/USD gains slightly to near 1.0515 ahead of the preliminary PMI data of both the Eurozone and the US for December. The ECB is expected to cut interest rates further by 100 bps next year. Investors will keenly focus on the Fed’s dot plot for fresh interest rate projections in the US. EUR/USD ticks higher to near 1.0515 in Monday’s European session ahead of the preliminary Purchasing Managers’ Index (PMI) data for December on both sides of the Atlantic. The PMI report is expected to highlight the divergent fortunes of the Eurozone and US economies, with analysts expecting that overall…
cokada/iStock via Getty Images Rating’s agency Moody’s downgraded France’s credit rating from ‘Aa2’ to ‘Aa3’, a shift that reflects growing concerns over the country’s economic outlook amidst political instability. The rebuke just came hours after President Emmanuel Macron appointed François Bayrou as the new prime minister, marking the Source link
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea’s Constitutional Court on Monday began reviewing the impeachment of President Yoon Suk Yeol over his Dec. 3 martial law attempt, starting a process to decide if he will be removed from office, while investigators plan to question him this week. The court will hold the first public hearing on Dec. 27, spokesperson Lee Jean told a news conference, after the court’s six justices met to discuss plans for reviewing the impeachment by the opposition-controlled parliament on Saturday. The court has up to six months to decide whether to remove Yoon…
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