Author: FX

In the Third Quarter 2024 Earnings Call, Masco Corporation (NYSE: NYSE:) displayed resilience with stable net sales and an increase in earnings per share. The company’s Plumbing segment showed robust performance, while the Decorative Architectural segment experienced a sales decline. Despite a challenging market, Masco remains optimistic about long-term fundamentals, emphasizing strategic execution and capital deployment. Key Takeaways Net sales remained flat year-over-year; Plumbing segment sales grew by 2%.Gross profit margin improved to 36.7%, with operating profit increasing by 3% to $360 million.Earnings per share rose by 8% to $1.08.The sale of Kichler Lighting led to a revised full-year sales…

After testing the 10810 level and finding buyers near that level early in the US session, the price has snapped back to the upside and has entered into a topside resistance area between 1.0864 and 1.08725. That area is defined by the 100-bar moving average on a four hour chart, the 200 day moving average, and a swing area. This area should provide topside resistance on the first look.See this video for more details. Source link

GBP/JPY is bullish, but it might have start a consolidation period after a furious rally in October. The RSI in overbought territory while the MACD is green and rising. The pair might sideways trade between 197.00 and 199.00. The GBP/JPY currency pair mildly declined on Wednesday as investors seem to be taking a breather. However, the outlook remains bullish and he buyers must cold the 199.00 line The Relative Strength Index (RSI) indicator has recently crossed into overbought territory, suggesting that the uptrend in the pair may be overextended and that a pullback or correction is likely. However, the Moving…

Investing.com– Bitcoin rose on Wednesday and was within spitting distance of record highs as positioning around the upcoming presidential election spurred sharp gains across cryptocurrency markets.  The rose 2% to $72,456.8 by 01:36 ET (05:36 GMT), and was just below a lifetime high of $73,798. Bitcoin boosted by Trump trade  Recent gains in Bitcoin and crypto markets were driven chiefly by increased speculation that Donald Trump will beat Kamala Harris in the upcoming presidential election, with voting set for November 5.  This trade picked up in recent weeks as prediction markets largely favored a Trump victory, while polls pointed to…

Prior -12.9Economic confidence vs 96.3 expectedPrior 96.2Industrial confidence vs -10.5 expectedPrior -10.9Services confidence vs 6.6 expectedPrior 6.7 This article was written by Justin Low at www.forexlive.com. Source link

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 AUD/USD pair within the H1 timeframe. I’ve shared a trade setup image for your…

(Reuters) – ANZ Group has unveiled an organisational overhaul, with an aim to streamline operations and enhance data analytics, the Australian lender said on Wednesday as it sought to address regulatory woes surrounding its oversight of certain operations. ANZ, which will report its annual results on Nov. 8, is currently being probed following media reports that the bank’s bond trading department was suspected of overstating its role in a 2023 government bond issuance that allegedly cost Australian taxpayers. The country’s No. 3 lender will consolidate its operations into a single unit, led by a new executive team that will oversee…

Data released by the Australian Bureau of Statistics (ABS) showed consumer price increases decelerated from 1.0% to 0.2% in Q3 2024 against market expectations of a 0.3% reading. On an annual basis, Q3 CPI dropped from 3.8% to 2.8%, above the midpoint of the Reserve Bank of Australia’s (RBA) 2% – 3% inflation target. ABS cited “significant falls” in electricity and fuel costs as the driver for slower inflation. The slowdown was driven by a 17.3% drop in electricity prices due to the government’s subsidies, while petrol fell 6.2% in the quarter. The report further noted that Recreation and culture…

Is there a chance the Bank of Japan (BOJ) can sound more upbeat in this week’s policy statement? Or will currency jawboning outweigh any cautious remarks policymakers may have? Check out these potential breakouts setups I’m watching on NZD/JPY and CHF/JPY in case the Japanese central bank seems less dovish. 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

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…