Author: FX

Stabilization in risk sentiment lends support to the USD despite lack of fresh fundamentals. Fed officials paint an optimistic picture of the US labor markets despite slow job growth. Market adjusts easing expectations; first rate cut expected in September with slightly lower odds. The US Dollar (USD), measured by the US Dollar Index (DXY), showed sideways movement above the 103.00 level in Friday’s session. This comes amid stabilized risk sentiment and flat trading in US stock index futures following Thursday’s rally, with the 10-year US yield remaining around 4% early in the day. Despite adjustments in market expectations for future…

Dow Jones is set to end the week close to where it started. The major equity index recovered after Monday’s thousand-point plunge, but nothing more. Markets now pivot to focus on next week’s inflation data. The Dow Jones Industrial Average (DJIA) traded mostly flat on Friday, testing the waters near the week’s opening bids after a run of volatility sparked by broad-market concerns that the Federal Reserve (Fed) might have missed the train on rate cuts. A turn towards the softer side in US data prints late last week sparked a risk-off plunge across the global markets, coupled with an…

With less than an hour left to go in trading, the broader stock indices are trying to fight its way to a positive close for the trading week. Both the S&P and NASDAQ indices are currently on pace for a negative close. If it remains that way, it would represent the fourth consecutive down week for each of those indices.At current levels, the S&P at 5345.02 is marginally lower by -0.04% – nearly unchanged on the week. The close last week was 5346.55.The NASDAQ index is negative by -0.18 at 16747.09. The close last week was 16776.16.It will be close,…

Crude oil futures are settling the day and $76.84 that is up $0.65 or 0.85%.For the trading week, the prices closing up $3.32 or 4.51%. The gain this week comes after four straight weeks of declines. The low price it this week reached $71.67 which was the lowest level since February 5. The price is also closing higher for the 4th consecutive day todayGeopolical tensions remain high in the Middle East as Israel awaits Iran’s response to last week’s assassination of a senior official in Hamas military group in Tehran. Higher-than-expected joint inflation also contributed to the better tone in…

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…

These comments from Brookfield CEO Bruce Flatt caught my attention: The next 20 years will be an unprecedented period for electricity build-out. The electrification of industrial capacity, automobiles, heating for houses, and other uses is driving unprecedented growth in the demand for electricity. On top of that, the world is adding data centers for Al and cloud computing at a stunning pace. To put this in perspective, the global installed capacity for electricity is approximately 8,000 gigawatts. To meet expected demand, this installed capacity will need to expand to more than 20,000 gigawatts in the next 20 years. In addition,…

ANZ provides insights into the outlook for the USD and GBP in the upcoming week, focusing on the impact of recent macroeconomic data and positioning trends.Key Points:USD Outlook:Macroeconomic Stability: Despite market reactions suggesting otherwise, ANZ believes the US macroeconomic backdrop is not as dire. The labor market is easing but trending towards normalization rather than a recession.ISM Services Employment: The ISM services employment index for July hit a 10-month high at 51.1, indicating resilience in the labor market.Weather Impact on Payrolls: July’s household survey showed a larger-than-normal number of workers impacted by bad weather. The San Francisco Fed’s weather-adjusted payroll…

Developed economy labor markets are returning to more normal patterns. The collective mid-life crisis, when everyone decided that happiness was best achieved by changing employer, has faded. With less job churn, the relationship of job vacancies to unemployment has normalized, UBS macro analyst Paul Donovan notes. Flexible working may be improving labor market efficiency “Fewer workers quitting has lessened the incentive for employers to hoard labor. This has not resulted in a surge in layoffs—demand in developed economies is not weak enough to justify that—but it may increase the sensitivity of labor markets to future consumer demand.” “Labor markets today…

Aditxt (NASDAQ:ADTX) has entered into a securities purchase agreement with certain institutional investors for the purchase and sale of an aggregate of 1.13M shares of common stock in a registered direct offering priced ATM. The gross proceeds from the offering are expected to be ~$1.2M. The Co. intends to use $0.5M of the net proceeds from the offering to fund certain obligations under its Amended and Restated Merger Agreement with Evofem Biosciences and the remainder for working capital and other general corporate purposes. The offering is expected to close on or about August 9, 2024. ADTX -4.8% premarket to $1.19.…

By Ruma Paul and Devjyot Ghoshal DHAKA (Reuters) – Improving law and order in Bangladesh is a priority for the newly appointed caretaker government, the adviser to the interior ministry said on Friday, as the strife-torn nation limps to normalcy after Sheikh Hasina resigned as prime minister and fled. Hasina left for neighbouring India on Monday after weeks of deadly protests forced her to quit. An interim government, led by Nobel Peace laureate Muhammad Yunus, was sworn in on Thursday and will be tasked with holding elections. Retired Brig. Gen. M. Sakhawat Hossain told Reuters the interim government will first…