Author: FX
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
What you need to take care of on Thursday, September 12: Financial markets turned risk-averse after the United States (US) released the August Consumer Price Index (CPI). The US Bureau of Labor Statistics reported that the annual CPI rose 2.5% YoY, easing from the previous 2.9%. Also, the core annual figure matched the July one and expectations by printing at 3.2%. However, the monthly core increase was higher than anticipated, hitting 0.3%- Despite US CPI figures being broadly aligned with expectations, financial markets rushed into safety, as investors pretty much discarded an upcoming Federal Reserve (Fed) 50 basis points rate…
The latest U.K. economic activity update reveals a stagnant picture for July 2024, with flat GDP growth and mixed performance across sectors, likely leaving the Bank of England (BoE) in a delicate position as it considers future monetary policy decisions. Key Points: U.K. GDP showed no growth (0.0%) in July 2024, following flat growth in June 2024. The services sector grew by 0.1% in July 2024, while production fell by 0.8% and construction decreased by 0.4%. In the three months to July 2024, the economy grew by 0.5% compared with the three months to April 2024. Information and communication was…
olm26250/iStock via Getty Images Update 1:57 PM EST: Adds details on H.C. Wainwright’s downgrade Cell therapy developer Adicet Bio (NASDAQ:ACET) has reprioritized its resources to focus its lead candidate, ADI-001, on autoimmune indications. The decision has prompted the company to discontinue patient enrollments in a Phase 1 trial for the CAR T cell therapy in lymphoma. In a regulatory filing after the market close on Tuesday, the Boston, Massachusetts-based biotech said it would allocate R&D resources to prioritize studies into ADI-001 in autoimmune conditions such as lupus nephritis and systemic lupus erythematosus. As a result, enrollments in a Phase 1…
By Khanh Vu and Francesco Guarascio HANOI (Reuters) -Vietnam’s capital of Hanoi evacuated thousands of people living near the swollen Red River as its waters rose to a 20-year high, flooding streets days after Typhoon Yagi battered the country’s north, killing at least 179 people. Asia’s most powerful typhoon this year, Yagi brought gales and heavy rain as it moved westwards after landfall on Saturday, causing the collapse of a bridge this week while it scythed through provinces along the Red River, the area’s biggest. “My home is now part of the river,” said Nguyen Van Hung, 56, who lives…
The weekly oil inventories data shows:Crude oil 0.833M vs 0.987M estimateGasoline + 2.310M vs -0.109M estimateDistilates 2.308M vs 0.313M estimateOther details:Cushing -1.704M vs -1.142M last weekrefining utilization w/e -0.5% versus expected -0.7%.Crude production 13.3M vs 13.3M previous weekCrude oil was trading at $66.69 just before the release. The price is currently trading lower at $65.93.The private data released late yesterday forecast a larger than expected drawdown of -2.79M This article was written by Greg Michalowski at www.forexlive.com. Source link
While other exchange traded gold products had outflows for several months, OUNZ – we refer to the VanEck Merk Gold ETF by its ticker symbol – bucked the trend, gathering more gold. I created OUNZ in 2014 in response to criticism in the blogosphere about the large exchange traded gold products then in the market. Recently, the gold held by OUNZ exceeded US$1 billion – I couldn’t be prouder of my team and our relationship with VanEck. Let me explain why OUNZ is different and, in my humble, admittedly biased opinion, a better way to hold gold. Ultimately, the beauty…
Investing.com — Sony (TYO:) has unveiled its PlayStation 5 Pro, an upgraded version to its well-known console that will feature improved graphics and greater disc space. The so-called PS5, which not include a disc drive, is due to go on sale on Nov. 7 for $699.99, the Japanese conglomerate said in a statement. “[T]he PS5 Pro console aims to provide players with richer gameplay experiences through super sharp image clarity, high frame rate gameplay, and advanced ray tracing,” Sony added. It has previously said it expects to sell 18 million PS5 units during its current financial year, slipping from 20.8…
Treasuries are keeping strongly bid so far this week and we’re seeing some key levels being challenged. 10-year yields are down to their lowest since June last year, down to 3.61% currently. Meanwhile, 2-year yields are down to their lowest in almost two years as it falls by nearly 5 bps today to 3.56% now:US 2-year Treasury yields (%) monthly chartAre traders severely underestimating inflation risks here? Or are they right in saying that inflation isn’t even a factor anymore at the moment?In that lieu, 10-year breakevens have even dropped to 2.03% – its lowest since the start of 2021…
Gold trades close to its $2,531 all-time-high amid expectations of the Fed cutting interest rates and a weak US Dollar. The size of the Fed’s cut at its September meeting will impact Gold. US CPI data on Wednesday could influence the Fed’s decision. Gold (XAU/USD) cycles back up towards the top of its three-week range, trading just shy of $2,530 on Wednesday. The precious metal keeps oscillating as investors debate the size of the cut the Federal Reserve (Fed) will make to interest rates at its September 17-18 meeting. Whilst a standard 25 basis points (bps) – or 0.25% –…