Author: FX

It’s time for the blockbuster event of the month: the September FOMC decision! Will policymakers go for the standard 0.25% rate cut or will they level up with a 0.50% reduction in borrowing costs? Here’s what market analysts are expecting for the event and how USD pairs could 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

By Jody Godoy (Reuters) – The trial where U.S. anti-trust regulators made their case to block Kroger (NYSE:)’s $25 billion bid to buy rival grocer Albertsons (NYSE:) will conclude on Tuesday, but the deal’s legal challenges have just begun, with two more trials this month to hear complaints the merger could jack up grocery bills. For the past three weeks, the U.S. Federal Trade Commission and a coalition of states have sought to prove at trial in Portland, Oregon, that the deal would harm shoppers and unionized grocery workers. By the time that case concludes on Tuesday, the companies will…

Fundamental OverviewLast Thursday, WSJ’s Timiraos published an article which seemed suggesting that a 50 bps cut was still being discussed. The market responded by raising 50 bps cut probabilities to around 40% from 13% before the news. Nick Timiraos is considered a Fed “insider”, so the market is attentive to all of his pieces concerning potential Fed decisions. Since then, the 50 bps camp got more vocal and the probability for the Fed to cut by 50 bps at the upcoming meeting stands now around 70% with a total of 120 bps of easing by year-end. This repricing weakened the…

Indian Rupee (INR) loses ground in Tuesday’s early European session.  India’s Wholesale Price Index (WPI) Inflation eased to 1.31% YoY in August from 2.04% in July, weaker than the 1.80% expected.  Renewed USD demand, higher oil prices undermine the INR; growing expectation of deeper Fed rate cut might cap its downside.  The US Retail Sales data will be the highlight later on Tuesday.  The Indian Rupee (INR) edges lower on Tuesday, snapping the three-day winning streak. India’s Wholesale Price Index (WPI)-based inflation declined to 1.31% YoY in August from 2.04% in the previous reading. This figure came in below the…

The notes will bear interest from September 23, 2024, payable semi-annually on April 1 and October 1, commencing on April 1, 2025.The offering is expected to close on September 23, 2024.The notes will be LCAH’s senior unsecured obligations, will rank equally with LCAH’s existing and future senior unsecured debt and will be fully and unconditionally guaranteed by Labcorp (LH). Source link

U.S. crude oil prices just popped up a red candlestick around a key inflection point! Are we looking at Black Crack potentially extending its long-term downtrend? The 4-hour chart may give us more clues: WTI Crude Oil (USOIL) 4-hour Chart by TradingView In case you missed it, increased geopolitical tensions in the Middle East, optimism over lower U.S. interest rates, and tighter global supply have helped prop up U.S. crude oil prices in the last few days. WTI crude (USOIL), which hit bottom near $65.25 last week, is now trading closer to the $70.00 mark. Remember that directional biases and…

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices extended gains on Tuesday as the market eyed U.S. output concerns in the aftermath of Hurricane Francine and expectations of lower stockpiles. futures for November rose 34 cents, or 0.5%, at $73.09 a barrel at 0420 GMT. U.S. crude futures for October climbed 49 cents, or 0.7%, at $70.58 a barrel. Both contracts settled higher in the previous session as the ongoing impact of Hurricane Francine on output in the U.S. Gulf of Mexico countered Chinese demand concerns ahead of this week’s U.S. Federal Reserve interest rate cut decision, which should prove positive…

Missed the bullish breakout on GBP/CAD? Better keep your eyes on this area of interest in case a retest happens and the trend resumes. Take a look at these inflection points I’m watching on the 4-hour time frame: GBP/CAD 4-hour Forex Chart by TradingView Dovish rhetoric from the Bank of Canada (BOC) highlighting the possibility of more interest rate cuts are dragging the Canadian currency south these days. On the flip side, expectations that the Bank of England (BOE) could keep monetary policy unchanged for the time being are keeping sterling supported. What will the upcoming Canadian CPI report and…

Financial markets are looking mixed as traders brace for the FOMC decision later this week while Chinese banks are still closed for the Mid-Autumn Holidays. So far, the U.S. dollar is edging close to year-to-date lows while gold is hovering near its all-time highs. Check out the latest headlines driving the markets: Headlines: Chinese data points released on Saturday turned out mostly downbeat: Industrial production for August: 4.5% y/y (4.7% expected, 5.1% previous) Retail sales slipped by another 2.1% y/y (vs 2.5% expected) in August after a 2.7% decline in July Fixed asset investment up by 3.4% ytd/y in August…

Is the Bank of England (BOE) due to announce another interest rate cut soon? The upcoming U.K. CPI release could have some clues about the central bank’s policy bias, so better read up on what market analysts expect for this major event! 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