Author: FX

By Renju Jose SYDNEY (Reuters) – The Australian government said on Tuesday it would provide up to A$80 million ($52.6 million) to airline Regional Express Holdings to help keep its regional routes running during an extended voluntary administration process. Rex in July entered voluntary administration, Australia’s closest equivalent to Chapter 11 bankruptcy, cut hundreds of jobs and closed its subsidiary that operated Boeing (NYSE:) 737 flights between Australia’s major cities. Traditionally focused on servicing Australia’s regional areas with small planes, Rex in 2021 began larger jet flights on the big city routes dominated by Qantas Airways and Virgin Australia but…

There are times when the fundamentals and technicals align, the past week has certainly been one of those moments in bitcoin.The election of a crypto-friendly Republican slate combined with the break of a long-term range has been rocket fuel for bitcoin and it’s now above $85,000 for the first time ever.I’ll stand by what I wrote on Wednesday when it was $10,000 lower:Bitcoin is also a remarkably technical asset and if it can hold this break above $72K (maybe into the weekend)? Then there is a good case for a move into the $90s. There is no doubt that a…

The Dow Jones is set to close north of 44,000 for the first time ever as bulls continue to run. Equity markets have tilted fully into the buy side after Trump’s decisive election win. US CPI inflation print due in the mid-0week as markets eye more Fed rate cuts. The Dow Jones Industrial Average (DJIA) lurched another 300-plus points higher on Monday, with equities on the climb in an extension of the bull run kicked off after last week’s Trump win at the election polls. Markets are deceptively thin on Monday with most of the US shuttered during the Veteran’s…

Strategy: Flip 55 The Flip 55 is a trend-following strategy. This straightforward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%. Recommended Timeframe This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes. Trade Details Currently, the Flip 55 strategy has identified a trading opportunity on the GBP/JPY pair within the H4 timeframe. I’ve shared a trade setup image for your…

USD/CAD dailyUSD/CAD trading could be sapped today by holidays but the pair remains dangerously close to a major break. The 35 pip rise today brings the pair to 1.3941 and within striking distance of the 2022 high of 1.3977.It’s chopped around these levels since late October but has been reluctant to break through. The market is trying to weigh the impact of the US election, disappointing China stimulus and how quickly the Bank of Canada will cut rates. At the moment, pricing for the December 11 Bank of Canada meeting is 59% for 50 basis points a 41% for a…

First Watch to acquire 15 of its franchise-owned restaurants for $49M Source link

By Greg Bensinger (Reuters) – Amazon (NASDAQ:) is developing smart eyeglasses for its delivery drivers to guide them to, around and within buildings, as it tries to smooth the final stretch of an order’s journey to a customer’s home, five people familiar with the matter said. If successful, the glasses would provide drivers with turn-by-turn navigation on a small embedded screen, along their routes and at each stop, according to the people, who spoke to Reuters on condition of anonymity because the project is not public. Such directions could shave valuable seconds off each delivery by providing left or right…

Domestic sight deposits CHF 455.4 bn vs CHF 447.8 bn priorSwiss sight deposits nudged back up in the past week, returning to levels seen thereabouts over the last few months. There hasn’t been much to it in the trend as of late as seen below: This article was written by Justin Low at www.forexlive.com. Source link

Gold price drifts lower for the second straight day and is pressured by a combination of factors. The Trump trade optimism continues to underpin the USD and weighs on the precious metal.  Bets for less aggressive Fed rate cuts and elevated US bond yields undermine the XAU/USD. Gold price (XAU/USD) adds to last week’s heavy losses and remains under some selling pressure for the second straight day on Monday amid the underlying bullish sentiment surrounding the US Dollar (USD). The optimism over Donald Trump’s anticipated expansionary policies keeps the USD close to a four-month top touched last week, which, in…

By Stella Qiu (Reuters) – New Zealand’s central bank will be under greater pressure to ease policy aggressively this month as its rate meeting calendar leaves an unusually long three-month gap until its next gathering, arguing for extra insurance against an economic slump. That is partly why markets and analysts have fully priced in another large 50-basis-point rate cut from the Reserve Bank of New Zealand at its last meeting for the year on November 27. Even a whopping 75 basis point cut is also considered a possibility. “I think front loading the rate cut has some optional values for…