Author: FX

By Tatiana Bautzer and Arasu Kannagi Basil NEW YORK (Reuters) -Morgan Stanley expects activity for mergers, acquisitions and initial public offerings to remain below trends for the rest of the year, its co-president Dan Simkowitz said on Tuesday. Activity will probably pick up next year as central banks cut interest rates, said Simkowitz, who also leads the Wall Street giant’s Institutional Securities Group. Transactions will probably increase when U.S. interest rates fall, Simkowitz told investors at a conference in New York. Private equity firms, which have held off on selling assets to get higher valuations, will also come under more…

The US economic calendar is bare today save for a three-year auction but China released import data earlier today and it showed growth of just 0.5% y/y compared to 2.0% expected. That’s a sharp slowdown from the +7.2% y/y rise in July.The global manufacturing cycle starts in China and orders for imports are based on how factories view futures demand. Soft imports highlight a tepid view and also underscores poor domestic demand.The good news is that exports grew at the fastest pace since March of last year. That signals that current demand is still fine (or was in July). What’s…

Costco Wholesale Corporation., (COST) engages in the operation of membership warehouse in the United States & globally together with its subsidiaries. It offers branded & private-label products in the range of merchandise categories. It also operates e-commerce websites in the US, Canada, UK & many other countries. It is based in Issaquah, Washington, comes under Consumer Defensive sector & trades as “COST” ticker at Nasdaq. As shown in the last article, COST ended ((4)) at $793 low & favors upside in ((5)) to finish III sequence in daily. It already broke to new high above ((3)) & expect short term extension…

USD is having trouble extending its upswing above a key resistance area. Will the pair extend its months-long downtrend? Or will this week’s events force an upside breakout for the dollar? USD/CHF 4-hour Forex Chart by TradingView As you can see, USD/CHF found support from the .8400 psychological handle and is currently near a potential resistance zone. We’re looking at the R1 (.8519) Pivot Point line, which isn’t far from the 100 SMA and a trend line resistance that’s been around since early July. Are dollar bulls done driving USD higher? The U.S. is printing its August inflation data this…

Does not believe that private consumption has recovered strongly yetWill aim to achieve conditions where wages grow sustainably so can fully exit from deflationThe leadership race should likely come down to a battle between Ishiba and current digital minister, Tara Kono. For some context, Kono also ran for the post back in 2021 but lost out to Kishida. Funnily enough, it was Ishiba who was the one backing him at the time. Besides them, Shinjiro Koizumi – son of former prime minister Junichiro Koizumi – will also be one to keep an eye out for.Anyway, Ishiba seems to be one…

This week, all eyes are on the U.S. August inflation report, one of the last data points before the FOMC meets for its September’s decision. Source link

EUR/USD ticks higher following an intraday dip to a one-week low, albeit lacks follow-through. Reduced bets for a 50 bps Fed rate cut continue to underpin the USD and act as a headwind. Dovish ECB expectations further cap gains ahead of the key US data/central bank event risks. The EUR/USD pair recovers a few pips from a one-week low, around the 1.1030-1.1025 area touched during the Asian session on Tuesday and for now, seems to have snapped a two-day losing streak. Any meaningful appreciating move, however, still seems elusive in the wake of some follow-through US Dollar (USD) buying. Investors…

USD/CAD has been edging higher thanks to a dovish Bank of Canada (BOC) announcement and a dollar rebound during the NFP release last week. Can the pair keep up its climb when the U.S. prints its CPI report? Check out these inflection points and chart patterns on the hourly chart. 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 Karen Freifeld (Reuters) -The U.S. House of Representatives on Monday passed a bill that aims to restrict business with China’s WuXi AppTec, BGI and several other biotech companies on national security grounds. It was the first floor vote for the Biosecure Act, which would prohibit federal contracts with targeted firms and those that do business with them. Supporters argue the measure is necessary to protect Americans’ personal health and genetic information as well as U.S. pharmaceutical supply chains. The bill passed by 306 to 81, easily topping the two-thirds majority necessary under the process. The legislation must pass the…

Trend Arrows Sign and Daily Range Projections forex trading strategy has gained traction for its effective blend of technical analysis and practical insights. In today’s dynamic forex markets, where rapid price movements can occur, having a strategy that provides clear signals is crucial. This approach utilizes trend arrows to pinpoint shifts in market momentum and direction. These visual cues help traders identify potential entry and exit points with greater precision, enhancing decision-making in volatile trading environments. Moreover, the strategy incorporates daily range projections, which estimate the expected extent of price movements within a trading day. This predictive element enables traders…