Author: FX
nopparit/iStock via Getty Images Keros Therapeutics (NASDAQ:KROS) traded higher on Tuesday after announcing that it has closed screening in its Phase 2 TROPOS trial for its lung disorder therapy cibotercept (KER-012). The global placebo-controlled trial is designed to evaluate cibotercept with background therapy for pulmonary arterial hypertension (PAH), a disease area served by United Therapeutics (UTHR), Johnson & Johnson (JNJ), and Merck (MRK). With screening for TROPOS closed, Keros (KROS) said it plans to complete enrollments by the end of September. The company is eyeing a topline data readout in Q2 2025, which, according to its CEO Jasbir Seehra, indicates…
Nvidia shares are currently trading down $-9.02 or -7.56% at $110.37. That is right at its 100 day moving average at $110.36. The low price did reach $109.40 below that moving average. BearishThe current decline is on pace for its worst trading day since April 19, 2024 when the price fell -10%. The price is down three of the last four trading days. The high price last week on August 26 (just before earnings) reached $131.26. That equates to decline of 16% from that high.As Nvidia goes so does the NASDAQ index and other Magnificent 7 stocks: Meta–1.39% Apple -2.26%…
The Mexican Peso trades slightly lower in its key pairs but remains in a firm downtrend overall. The passage of constitutional reforms as they are debated might provide volatility for MXN going forward. USD/MXN pauses within an uptrend inside a rising channel. The Mexican Peso (MXN) trades lower in its key pairs on Tuesday as a mood of calm pervades markets although proposed reforms to the Mexican constiution currently being debated in the Mexican congress are weighing on the currency as experts fear they will harm inward investment if passed into law. Just-released Mexican Jobless data showed an uptick in the number off…
Fundamental OverviewLast week, crude oil has been on a seesaw due to supply side factors as we got the news that Libya was going to close down all oil fields and halt production and exports, and then that Iraq was going to cut production.On Friday, oil weakened again on the news that OPEC+ was going to proceed with the planned production hike in October. In the bigger picture, the market has been mostly rangebound for two years as central banks tightening weighed on growth. Right now, it seems like the Fed is going to cut rates into a resilient economy…
Markets were largely quiet overnight as US markets were closed for labour day holiday, OCBC FX strategists Frances Cheung and Christopher Wong note. Lots of data coming this way “Market activity could pick up pace as data releases intensify with payrolls to end the week on Fri. Greater emphasis will be placed on labour market-related data, given that Fed’s focus has shifted towards supporting labour market. Today we have ISM mfg, new orders, employment.” “Good and bad data may point to USD strength while data in line with estimate may see a more muted response to USD. DXY was last…
GBP/CAD has been in a downtrend after hitting a previous resistance area. Will the pair extend its downtrend after the BOC publishes its September policy decision? We’re taking a closer look at the 1-hour time frame! 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
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.1050 mark. And that could perhaps limit price action and make things a bit stickier in the session ahead before we get to the US open. Similarly, the one for USD/CAD at the 1.3500 level will play a small part in providing a floor to price action.All that said, dollar sentiment in the bigger picture is still the number one driver of markets this week. All the focus is on US data and we may see flows shift around and pick up…
This Loonie pair is testing a long-term area of interest and is forming a short-term reversal pattern ahead of the Bank of Canada’s (BOC) rate decision. Expectations are for another interest rate cut by the Canadian central bank, as well as updates to their economic forecasts. Can EUR/CAD gain traction on its potential uptrend? 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
The Japanese Yen edges higher as the government will allocate ¥989 billion to fund energy subsidies. The JPY faced challenges as weak Japanese manufacturing data fueled speculation that the BoJ might postpone further rate hikes. The US Dollar receives support from improving Treasury yields. The Japanese Yen (JPY) ended its four-day losing streak, edging higher against the US Dollar (USD) on Tuesday. However, the JPY encountered headwinds as weak Japanese manufacturing data fueled speculation that the Bank of Japan (BoJ) might postpone further rate hikes. Japan will allocate ¥989 billion to fund energy subsidies in response to rising energy costs…
By Liz Lee BEIJING (Reuters) -China and South Africa, whose top leaders met in Beijing, agreed to promote balanced trade and discussed boosting two-way investments between their industrial and commercial communities, a joint statement on Tuesday showed. President Xi Jinping and his South African counterpart Cyril Ramaphosa met on Monday, ahead of the ninth forum on China-Africa cooperation. Both sides called Ramaphosa’s visit of “great significance” to the development of bilateral relations. Ramaphosa had sought with Xi to narrow South Africa’s trade deficit with Beijing and review his country’s trade structure with China, petitioning for more sustainable manufacturing and job-creating…