Author: FX

F.N.B. declares $0.12 dividend Source link

Markets traded cautiously on Wednesday as investors awaited a House vote to end the historic U.S. government shutdown, with optimism about resumed economic data releases supporting equities and Treasuries while oil tumbled on OPEC supply revisions and Bitcoin surrendered earlier gains. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: OPEC flipped Q3 global oil market view from deficit to surplus, raising non-OPEC supply estimates by 890k bpd White House’s Hassett says he would accept Fed chair nomination, prefers 50bp cut over 25bp in December White House…

The USDJPY moved higher during the Asian session, breaking above the prior ceiling near 154.47 that had capped gains since late October. Since that breakout, the pair has seen two pullbacks — including one in the North American session — both of which found support near that former ceiling, confirming the level’s shift from resistance to support.For traders, holding above 154.47 keeps buyers firmly in control. A move back below that level would begin to weaken that control, while a more conservative risk level sits near the converging 100- and 200-hour moving averages around 153.93. As long as the price…

The Dow Jones Industrial Average (DJIA) caught a firm bid on Wednesday, driving into fresh record highs as investors eased back from overexposure to the AI tech rally and moved deeper into more traditional investing mainstays, primarily major banks and healthcare stocks.The Dow Jones rose around 430 points, setting a new intraday high of 48,419 as the tech-light major index gets a boost from traders piling back into traditional investments. The Dow is now up around 4% over a four-day period after falling to 46,490 in a mild pullback from the last record swing high near the 48,000 handle.Banking stocks…

The UK job market just took a nose dive, and traders everywhere are wondering what’s next for the Pound. Will the Bank of England rescue the economy in December with a rate cut? With unemployment spiking, wage growth slowing, and a big budget decision looming, GBP looks stuck in “wait and see” mode. Dive in as we break down what’s moving the currency, what newbie traders should watch out for, and potential strategies to consider. 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…

Wall St regulator to consider crypto token classification, chair says Source link

Sector Overview: Mixed Fortunes Across the HeatmapToday’s stock market heatmap paints a varied picture with sectors showing divergent paths. The technology sector exhibits a slight uptick, driven by gains in semiconductor stocks. AMD leads with a rise of 7.11%, and NVDA contributes a 0.9% gain, suggesting investor confidence in chip makers despite broader concerns.Meanwhile, consumer electronics faces headwinds as Apple (AAPL) declines by 0.40%, highlighting potential uncertainties or profit-taking actions in this space.In the consumer cyclical sector, Amazon (AMZN) edges up by 0.33% and Tesla (TSLA) gains 0.20%, reflecting steady optimism towards these industry giants. However, the consumer defensive segment…

Pound Sterling underperforms as soft UK job data boosts BoE dovish betsThe Pound Sterling (GBP) underperforms its major currency peers, except the Japanese Yen (JPY), on Wednesday. The British currency faces selling pressure amid growing expectations that the Bank of England (BoE) will resume its monetary expansion cycle at the December meeting. Read more…GBP/USD: Likely to edge higher within a range of 1.3065/1.3230 – UOB GroupPound Sterling (GBP) is likely to trade in a range between 1.3120 and 1.3185. In the longer run, GBP is likely to edge higher within a range of 1.3065/1.3230, UOB Group’s FX analysts Quek Ser…

V2X announces sale of 2.25M shares by Vertex Aerospace Source link

Fundamental OverviewThe USD remains weak across the board as market participants now await the key US data releases with the government shutdown expected to end this week. Yesterday, we saw some more weakness following soft weekly ADP data that showed job losses in the second half of October. The weakness didn’t hold though as the US dollar eventually regained some ground. It seems like the market is now just waiting for the government data to confirm the weakness and the December cut. In fact, the market pricing is still standing around 64% probability for a December cut.On the JPY side,…