Author: FX
Bio-Rad Labs misses Q3 estimates for profit, revenue Source link
BEIJING (Reuters) – China aims to step up supervision of government debt and plans to revise the law to do so, a spokesperson of the legislative affairs committee of the National People’s Congress (NPC) said on Friday. The changes proposed by the NPC’s standing committee will require annual progress reports on debt management work from the cabinet and local governments, the spokesperson, Huang Haihua, told reporters. The committee “should supervise government debt and establish a sound reporting system for government debt management,” Huang said. Draft amendments are set to be discussed when the standing committee meets from Nov. 4 to…
A heads up for those trading US markets.If you are offshore from the US or Canada you may need to adjust your trading times. For Sydney in Australia, for example, NYSE RTH hours will begin at 1.30 am local time, Tuesday to Saturday. Yeah, I know. You’re welcome 😉 Source link
A recovery in crude oil prices just pushed WTI crude oil (USOIL) higher from a key technical support zone. Will this lead to USOIL revisiting higher areas of interest? Let’s check out the 4-hour time frame: WTI Crude Oil (USOIL) 4-hour Chart by TradingView If you’ve read Thursday’s Market Recap, you’ll know that crude oil prices extended their upswings from earlier this week as traders priced in a surprise EIA inventory draw, OPEC+ members possibly delaying their planned production increases, and Iran threatening attacks on Israel. Meanwhile, the U.S. dollar is losing some ground as expectations of further Fed rate…
Japan Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that he expected the Bank of Japan (BoJ) to work closely with the government to conduct appropriate monetary policy to sustainably, and stably hit its price target. Key quotes Monetary policy falls under jurisdiction of BoJ, with no comment on the government’s view on its decision. Expect BoJ to conduct appropriate monetary policy to sustainably, and stably hit its price target, working closely with the govenment. Market reaction At the time of writing, USD/JPY is trading 0.03% higher on the day at 152.07. Japanese Yen FAQs The Japanese Yen (JPY) is one of…
Profit-taking was the name of the game on Thursday, as traders braced for top-tier U.S. data releases, the U.S. elections, and the end of a trading month. Which headlines dominated price action in the last trading sessions? We’re breaking them down for ya: Headlines: China manufacturing PMI for October: 50.1 (49.8 expected and previous); Services PMI improved from 50.0 to 50.2 (50.4 expected) BOJ kept policies steady as expected, Gov. Ueda hinted at future rate hikes and the increased impact of FX moves on wages and prices France preliminary CPI accelerated by 0.2% m/m as expected in October after a…
The world of financial trading thrives on understanding market sentiment and predicting price movements. Armed with the right tools, traders can navigate the ever-changing tides and make informed decisions. Today, we delve into a valuable asset in a trader’s arsenal: the Relative Vigor Index (RVI) indicator for the MT4 platform. Understanding the Core Concept Behind the RVI At the heart of the RVI lies a fundamental principle: the closing price of a security often reflects the underlying market sentiment during a trading period. In an uptrend, bulls (buyers) dominate, pushing the price higher by the close. Conversely, a downtrend signifies…
nycshooter/iStock Unreleased via Getty Images Boeing (NYSE:BA) reached a deal with leaders of its machinists union, the third time the aviation giant has sought to end a strike that has halted most factory output. The company offered a 38% wage increase over four years in its Source link
OMAHA, NE— Berkshire Hathaway Inc . (NYSE:) (NYSE:BRK.A), led by renowned investor Warren E. Buffett, has expanded its stake in Sirius XM Holdings Inc. (NASDAQ:) with a series of stock purchases totaling approximately $60.7 million. The acquisitions occurred over three consecutive days, with shares bought at prices ranging from $26.5913 to $27.65 per share. On October 29, Berkshire acquired 623,527 shares at a weighted average price of $27.65. This was followed by the purchase of 925,205 shares on October 30 at an average price of $27.444. The buying spree concluded on October 31 with 679,207 shares acquired at an average…
The latest Bureau of Economic Analysis (BEA) data gave us a mixed read on consumer prices for September. Energy, food, and goods prices dropped, nudging headline inflation closer to the Fed’s 2% target. But services inflation is still sticky high, suggesting the Fed may lean toward keeping rates elevated for longer rather than rushing to ease up. The Core PCE price index—one of the Fed’s key inflation gauges—rose 0.3% for the month, right in line with expectations and a slight uptick from August’s revised 0.2%. Year-over-year, core PCE remained steady at 2.7%, still above that 2% target. For the broader…