Author: FX
Investing.com — Global equities were net sold for the ninth straight week in the period between Sept. 6 to Sept. 12, according to analysts at Goldman Sachs. In a note to clients dated on Friday, the investment bank said gross trading flow also saw its largest increase in five months, “driven by short sales outpacing long buys.” Financials, healthcare, industrials, and communication services were the most net bought sectors, Goldman Sachs noted. Financials in particular saw their largest net buying since June 2023 after being net sold in seven of the last eight weeks. Information technology, staples, and consumer discretionary were…
A busy week lies ahead in terms of economic events, but Monday kicks off slowly with no significant scheduled releases. On Tuesday, the highlight will be the Canadian inflation data, followed by the U.S. retail sales m/m figures. Wednesday brings inflation data from the U.K., alongside building permits, housing starts, and the most anticipated event of the week — the FOMC monetary policy announcement for the U.S. Thursday is packed with key reports: New Zealand will release its GDP q/q data, while Australia will publish its employment change and unemployment rate figures. In the U.K., the BoE will announce its…
Here is what you need to know on Monday, September 16: The US Dollar (USD) struggles to stay resilient against its major rivals at the beginning of the week, which will feature monetary policy announcements from major central banks and key macroeconomic data releases. Eurostat will release a revision to second-quarter Labor Cost data and Trade Balance figures for July on Monday. Later in the day, NY Empire State Manufacturing Index data for September will be featured in the US economic docket. Growing expectations for a large Federal Reserve (Fed) rate cut at this week’s policy meeting caused the USD…
The New Zealand dollar had a pretty tough week last week, as China’s growth concerns, weaker-than-expected mid-tier domestic data, and overall risk aversion highlighted the commodity-related currency’s relative weakness in the FX space. Meanwhile, the Bank of Canada’s (BOC) willingness to explore deeper interest rate cuts isn’t doing CAD bulls favors. In fact, the oil-related Loonie failed to capitalize on last week’s recovery in crude oil prices. This is likely why NZD/CAD, which has been making lower highs and lower lows since hitting resistance at .8475, bounced from its .8315 lows to retest the .8400 psychological handle. Watchlists are price…
Imperial Petroleum Inc. 8.75% CUM PFD A declares $0.5469 dividend Source link
By Danielle Broadway and Christina Anagnostopoulos LOS ANGELES (Reuters) – At the Emmy Awards on Sunday, Hollywood celebrated a diverse line-up of nominees and winners at television’s highest honors and feted the success of Latino, LGBTQ+ and Japanese talent and stories. Disney’s “Shogun” took the top prize of best drama series following its record number of Emmys for a single season of a television series. Japanese actors Anna Sawai and Hiroyuki Sanada won best actress and actor for “Shogun”, while Frederick E. O. Toye won best director for a drama series for his work on the show. The series also…
Is the trend still our friend on USD/CAD? The pair has formed higher lows connected by a rising trend line seen on its hourly time frame, and it looks like another test is due soon. Here’s what’s expected for Canada’s CPI release and how this Loonie pair 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
Now that the Bank of Canada (BOC) has opened the door for further easing if necessary, can the upcoming Canadian CPI release seal the deal for another rate cut soon? Or are market analysts foreseeing an inflation rebound that could convince policymakers to pause? Better read up on what’s expected for this top-tier event and how CAD typically reacts. 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
After months of guessing, the Fed may finally cut interest rates for the first time in years this week. But that’s not the only thing shaking up the markets! Traders are in for not one, but TWO more big central bank decisions and other top-tier data releases that could send major currencies swinging in the days ahead. Before all that, ICYMI, I’ve written a quick recap of the global intermarket moves and major FX themes that pushed the major financial assets around last week. Check it! Now here’s what market analysts are expecting from this week’s catalysts:…
Analysts at Bank of America are not expecting clarity on the Federal Reserve’s rate path ahead from the Summary of Economic Projections (SEthat’ll be published on Wednesday alongside the rate cut decision.Nor are they expecting much guidance from Federal Reserve Chair Powell’s pres conference. BoA say that there is much uncertainty over the outlook and thus the Fed will remain in data watching mode. —Meanwhile, chatter and pricing of a 50bp FOMC rate cut continues, with a weaker US dollar here in Asia reflecting this again today (EUR, GBP, and JPY all rising from earlier). As an aside, in a…