Author: FX
BETR, FUTU, COF lead weekly gains among financial stocks; Brazilian banks slide Source link
By Ruma Paul DHAKA (Reuters) – Ethnic minorities in Bangladesh’s southern hilly region are living in fear after clashes in which four people were killed and dozens wounded, police and witnesses said on Saturday. Sectarian violence, sparked by the lynching of a Bengali man on Wednesday, has displaced scores of ethnic families after homes and businesses were set on fire in Chittagong Hill Tracts (CHT) bordering Myanmar and northeast India, they said. A 72-hour road and waterways blockade, called by student-led ethnic groups, is underway in three hilly districts of Khagrachhari, Rangamati and Bandarban in the CHT, home to several…
Investing.com – The US started its latest rate-cutting cycle on Wednesday, and Yardeni Research wonders whether the U.S. central bank is now easing monetary policy into an economic boom. The Federal Open Market Committee cut its benchmark rate to a range of 4.75% to 5.0%, its first reduction since March 2020, after leaving borrowing costs at a more than two-decade high for over a year. In the past, most of the Fed’s monetary easing cycles were triggered by financial crises that quickly morphed into economy-wide credit crunches, which caused recessions, said analysts at Yardeni Research, in a note dated Sept.…
By Nandita Bose and Stephanie Kelly ATLANTA (Reuters) -U.S. Democratic candidate Kamala Harris is trying to get a second opportunity to debate her Republican challenger Donald Trump in this year’s presidential race, she said on Friday. “I’m trying to get another debate. We’ll see,” Harris, the U.S. vice president, said in front of about 600 people at the Cobb Energy Performing Arts Center in Atlanta. Harris and Trump debated each other for the first time on Sept. 10, in a contest that polls showed was won by the Democratic nominee. Trump last week said he would not participate in another…
We all know and (hopefully) love moving averages (MAs) – those trusty lines that smooth out price fluctuations and reveal underlying trends. But the TMA Line takes things a step further. It’s essentially a “double-smoothed” moving average, where the average is calculated not just on past prices but also on the previously calculated moving average itself. This extra layer of smoothing creates a remarkably smooth line on your charts, making it easier to spot subtle trends and potential turning points. Now, you might be wondering: why go through all this extra effort for a slightly smoother line? Here’s the catch:…
Gold surges to new all-time high above $2,600, fueled by expectations of further Fed rate cuts. Safe-haven demand spikes due to escalating tension between Israel and Hezbollah. Fed Governor Waller backs 50 bps rate cut; however, dissenting Fed member Michelle Bowman prefers a smaller cut to guard against declaring an early win on inflation. Gold prices climbed past $2,600, recording new all-time highs amid increasing speculation that the Federal Reserve (Fed) will continue to lower borrowing costs and heightened tensions between Israel and Hezbollah in the Middle East. The XAU/USD trades at $2,621, up 1.37%. Risk aversion is the game’s…
US Dollar is gaining strength after Fed decision volatility. New York Fed’s Nowcast model predicts robust economic growth in third and fourth quarters. Fed expects financial conditions to remain loose, supporting the economy. The US economy is experiencing a moderate slowdown, but indicators suggest that economic activity remains robust overall. The Federal Reserve (Fed) has indicated that the pace of its interest rate increases will be determined by economic data. The upcoming US election will have wide ranging impacts across financial markets, but for now the US Dollar is holding its ground. However, dovish bets on the Fed remain steady…
The NZD/USD upside seems to be limited as buying and selling forces struggle for dominance. The RSI suggests a neutral outlook, while the MACD indicates declining selling pressure. A crossover between the 100 and 200-day SMA might propel the pair upwards. The NZD/USD traded mostly flat on Friday’s session and failed to hold gain which took it to a high around 0.6260 as it then retreated to 0.6240. The Relative Strength Index (RSI) is at 61, in positive territory with a flat slope. This indicates a neutral outlook for the pair, as buying pressure is flat. The Moving Average Convergence…
By Lucy Papachristou LONDON (Reuters) – Western governments and Russia’s exiled opposition should begin laying the groundwork for Russia’s democratic transition after President Vladimir Putin eventually leaves office, Vladimir Kara-Murza, a Russian opposition politician, said on Friday. Seven weeks after he was released from a Siberian penal colony in a historic East-West exchange, Kara-Murza did not say how he thought Putin would leave, but argued Russia must not squander what he said would be a narrow sliver of time to establish a democratic government, as he said it did after the Soviet Union’s collapse in 1991. “We need to learn…
It was a hectic week in the global financial markets, as the FOMC decision took center stage while crude oil made some big moves of its own. 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