Author: FX
Prior was -9.7 This article was written by Adam Button at www.forexlive.com. Source link
Crude Oil set to enter this Monday’s trading session with negative numbers. Geopolitical tensions are on the forefront with intensified attacks in Lebanon over the weekend. The US Dollar Index holds near yearly lows ahead of Fed Chairman Powell’s speech later on Monday. Crude Oil slides lower at the start of the week with traders writing off recent events as no game changer for the global Oil market. Overall, expectations are that Oil prices should get a lift this week, with Chinese measures boosting the demand for Oil in the region. On Sunday, additional measures were introduced by The People’s…
Investing.com — US stock traded marginally lower Monday, starting the final session of the quarter on a downbeat note ahead of a closely-followed speech by Fed chair Jerome Powell. Here are some of the biggest premarket US stock movers today Stellantis (NYSE:) stock fell 13% after the auto giant slashed its annual forecasts and said it would burn through more cash than expected, citing worsening trends in the industry, higher costs to overhaul its U.S. business and Chinese competition on electric vehicles. Ford (NYSE:) stock fell 3.3% and General Motors (NYSE:) stock dropped 3.7%, retreating in the wake of Stellantis’…
With market participants looking forward to the NFP release later this week, could clues from the ISM manufacturing PMI steer the dollar in a clear direction early on? Here’s what number crunchers are predicting for this report and how USD pairs might react. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
On Monday, the U.K. will release its final GDP q/q data, while Switzerland will publish the KOF economic barometer. In the U.S., Fed Chair Jerome Powell will participate in a discussion titled “A View from the Federal Reserve Board” at the National Association for Business Economics Annual Meeting in Nashville. Although audience questions are expected, this event is unlikely to create significant market volatility. In Canada, Monday will be a bank holiday in observance of the National Day for Truth and Reconciliation. On Tuesday, Japan will release its unemployment rate, along with the BoJ summary of opinions and the Tankan…
Indian Rupee trades in negative territory in Monday’s early European session. The USD month-end flows and potential RBI intervention underpin the pair. Investors will monitor the Fed’s Bowman speech on Monday. The Indian Rupee (INR) softens on Monday, pressured by month-end US Dollar (USD) demand from importers and likely interventions by the Reserve Bank of India (RBI). However, strong inflows and lower crude oil prices might help limit the INR’s losses. Investors will focus on the speeches from Fed Chair Jerome Powell and Governor Michelle Bowman on Monday, which might offer some insight and outlook on the US interest rate. Also,…
Fonar press release (NASDAQ:FONR): FY GAAP EPS of $1.53. Revenue of $102.88M (+4.3% Y/Y). Total MRI scan volume at the HMCA-managed sites increased 11% to 209,327 scans for the fiscal year ending June 30, 2024 as compared to the prior year. Cash and Cash Equivalents increased 10% to $56.3 million at June 30, 2024 versus the previous fiscal year. Book Value per Share for the fiscal year ended June 30, 2024, increased to $24.78 per share. Source link
The European Central Bank (ECB) is under pressure to cut rates again in October, as recent data points to slowing growth and easing inflation in the Euro Area. This week’s German and Euro Area CPI reports could intensify that pressure. According to our Event Guide, indicators suggest inflation in September might be lower than in August. Will this week’s Euro Area CPI reports provide the bulls a reason to maintain the pair’s weeks-long uptrend? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact…
SEOUL (Reuters) – South Korea’s central bank governor said on Monday he would need to discuss with board members the impact of recent government measures aimed at taming household debt, when asked about the possibility of lowering interest rates next week. “I have not yet been able to discuss with monetary policy board members the effects of government policies,” said Rhee Chang-yong, in response to a reporter’s question about market expectations for a rate cut in October. “When it comes to the matter, I think it is appropriate to discuss with the board and talk about it at the policy…
EUR/GBP seems to be bracing for the upcoming flash eurozone CPI report, as the pair is consolidating tightly in a small triangle pattern. Which way will it go? Expectations are for another dip in price pressures for September, and leading indicators are pointing to cooler price pressures for the month. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link