Author: FX

Just_Super Rio Tinto (NYSE:RIO) has approached lithium miner Arcadium Lithium (NYSE:ALTM) about a possible takeover, the companies said Monday. The companies issued separate statements on the approach, but neither disclosed any further detail. Each said there was “no certainty that any transaction will be Source link

An early update for USD/JPY, which caught another substantial bid after the blockbuster US jobs report on Froday:I had an outlook from Standard Chartered to post, analysts there were looking for 149 … and here we are. had expected a range of 140 – 149 for the coming monthFor the 6 – 12 month horizon ahead Stan Chart forecast a fall for USD/JPY to below 135. Analysts cite rate differentials as the driver. I can’t really see these as driving USD/JPY lower, US rates will remain well, well above Japanese rates over that time horizon (yeah, I know, famous last…

(Reuters) – Hurricane Milton is forecast to rapidly intensify during the next couple of days and become a major hurricane on Monday, the U.S. National Hurricane Center said on Sunday. Currently, about 290 miles (465 km) west-northwest of Progreso, Mexico, its maximum sustained winds have increased to near 80 mph (130 km/h), the Miami-based forecaster said. Milton is forecast to move north of the Yucatan Peninsula, across the Gulf of Mexico and approach the west coast of the Florida Peninsula by midweek, NHC added. Source link

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By Tarek Amara TUNIS (Reuters) -Tunisians voted on Sunday in an election in which President Kais Saied is seeking a second term, with his main rival suddenly jailed last month and most opponents imprisoned or barred from running. Sunday’s election pits Saied against two rivals: his former ally turned critic, Chaab Party leader Zouhair Maghzaoui, and Ayachi Zammel, who had been seen as posing a big threat to Saied until he was jailed last month. Tunisia had for years been hailed as the only relative success story of the 2011 “Arab spring” uprisings for introducing a competitive, though flawed, democracy…

This week our currency strategists focused on the Euro area CPI update and the U.S. Manufacturing PMI update for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion arguably saw both fundie & technical arguments triggered to become a potential candidate for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d…

UPCOMING EVENTS:Monday: Eurozone Retail Sales. (China on holiday)Tuesday: Japan Average Cash Earnings, RBA Meeting Minutes, US NFIB Small Business Optimism Index.Wednesday: RBNZ Policy Decision, FOMC Meeting Minutes.Thursday: Japan PPI, ECB Meeting Minutes, US CPI, US Jobless Claims, New Zealand Manufacturing PMI.Friday: UK GDP, Canada Labour Market report, US PPI, US University of Michigan Consumer Sentiment, BoC Business Outlook Survey. TuesdayThe Japanese Average Cash Earnings Y/Y is expected at 3.1% vs. 3.6% prior. Wage growth has turned positive lately in Japan and that’s something the BoJ always wanted to see to meet their inflation target sustainably. The data shouldn’t change much…

By Nidal al-Mughrabi CAIRO (Reuters) -At least 24 people were killed and 93 others wounded when Israeli airstrikes hit a mosque and a school sheltering displaced people in the Gaza Strip early on Sunday, the Hamas-run Gaza government media office said. Palestinian health officials said at least another 20 people had been killed since Saturday night in northern Gaza, after the army sent tanks into areas there for the first time in months, while urging residents to go to what it called safe zones in the south. The Israeli military said it had conducted “precise strikes on Hamas terrorists” who…

Crude Oil Price Forecast: Navigating the Next Moves 🛢️📈Hello traders and investors! This is Itai Levitan, an experienced market analyst at ForexLive.com, tracking crude oil for you today as well as what I am looking at. Let’s dive into the insights you need to make informed trading decisions. 🌊Recent Rally Highlights 🚀Strong Uptrend: Crude oil prices have surged by approximately 14% in less than four days, which signals significant bullish momentum. This sharp rally reflects market dynamics, particularly supply constraints, Iran’s ballistic missile attack on Israel (will there be an Israel response on Iran?) and heightened demand. Personal Experience Tip:…

By Leigh Thomas and Kanishka Singh PARIS/WASHINGTON (Reuters) -Thousands of protesters took to the streets in major cities around the world on Saturday demanding an end to bloodshed in Gaza and the wider Middle East as the start of Israel’s war in the Palestinian enclave approaches its first anniversary. About 40,000 pro-Palestinian demonstrators marched through central London while thousands gathered in Paris, Rome, Manila, Cape Town and New York City. Demonstrations were also held near the White House in Washington, protesting U.S. support for its ally Israel in military campaigns in Gaza and Lebanon. Protesters at Times Square in New…