Author: FX

A shortened trading week ain’t gonna stop the markets from repricing their interest rate bets! While we don’t have a central bank decision on tap, a couple of anticipated data releases may support or weaken interest rate speculations for the major currencies. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…

There aren’t any significant expiries in play for the day ahead. As such, trading sentiment will continue to revolve around the mix of the technicals, risk mood, and broader market sentiment. So far today, there isn’t much to really work with as most markets remain relatively muted. But the dollar is still keeping poised, so keep an eye out for that at least.For more information on how to use this data, you may refer to this post here. Source link

USD/CAD attempts to continue its winning streak on Monday. Fed member Bostic forecasted only one interest rate cut instead of his earlier projection of two rate cuts in 2024. The higher WTI price might have provided support for the Canadian Dollar. USD/CAD maintains its position in positive territory after paring back some gains on Monday. The pair trades higher around 1.3600 during the Asian trading session, following hawkish remarks from Federal Reserve Bank of Atlanta President Raphael Bostic on Friday. Bostic adjusted his earlier projection of two interest rate cuts this year, now forecasting only one, citing persistent inflation and…

Anyone looking for a pullback on crude oil, too? Price has formed higher lows and slightly higher highs inside a rising wedge seen on its 4-hour time frame. Check out these support zones I’m seeing on the commodity’s chart formation! WTI Crude Oil (USOIL) 4-hour Chart by TradingView Crude oil seems to be in pullback mode after hitting the top of its wedge formation, finding some buyers at the 38.2% Fibonacci retracement level. Bulls have been keeping the uptrend intact for the past couple of months, thanks to the OPEC+ output deal extension and positive expectations for oil demand. Geopolitical tensions…

© Reuters Investing.com– Most Asian stocks moved in a flat-to-low range on Monday as sentiment remained on edge before key economic readings this week, with Japan’s Nikkei 225 retreating from record highs.  Regional markets took a middling lead-in from Wall Street, as U.S. stock indexes closed a shade lower on Friday. US stock futures also tread water in Asian trade, with a barrage of Federal Reserve speakers and inflation readings on tap later this week.   Japan’s Nikkei falls from record highs Japan’s index was the worst performer in Asia, falling 0.7% as investors locked-in recent record highs. The broader index…

naumoid/iStock via Getty Images Activist investor Politan Capital Management, which already holds two seats on Masimo Corp.’s (NASDAQ:MASI) board, is planning to start another proxy fight for two more board seats at the pulse oximetry company, according to a WSJ report on Sunday, which cited people familiar. The potential board seat fight comes after Masimo (MASI) on Friday announced its board authorized management to evaluate a proposed separation of its consumer business, sending the company’s shares soaring 14% in after-hours trading. While Politan, which first reported a 9% stake in Masimo (MASI) in August 2022, supports a review of the…

The People’s Bank of China has set the mid rate for the onshore yuan nearly 13 big figures from the modelled estimate:PBOC sets USD/ CNY reference rate for today at 7.0996 (vs. estimate at 7.2267)It gave AUD a boost (AUD likes a stronger yuan compared to a weaker because it makes Australian exports to China that little bit less expensive). On Friday the PBOC set the yuan at a relatively weaker rate, fuelling speculation that it was back pedalling a little from its very strong yuan policy. The firm set today looks aimed at killing such thoughts. Also, the PBoC…

The Bank of Japan (BoJ) Board members shared their views on inflation and monetary policy outlook, per the BoJ Minutes of the January meeting. Key quotes “Members agreed on the rising likelihood of hitting the Bank’s inflation target, the prospect of doing so was gradually rising.”“Virtuous cycle of wages and inflation, if confirmed, means members would consider ending negative rates and other steps.”“Upside risks of inflation greatly overshooting to the topside has become small, according to some members.” Market reaction Following the BoJ Minutes, USD/JPY was down 0.12% on the day at 151.28   Source link

3/3 © Reuters. A Russian national flag is seen lowered on the headquarters of State Duma, the lower house of parliament, on the day of mourning, declared following a deadly shooting in the Crocus City Hall concert hall, in Moscow, Russia March 24, 2024. REUTERS/Shamil 2/3 MOSCOW (Reuters) -Russia lowered flags to half-mast on Sunday for a day of mourning and swiftly charged two suspects after gunmen killed scores of people at a concert outside Moscow in the deadliest attack inside Russia for two decades. President Vladimir Putin declared a national day of mourning after pledging to punish all those…

The Metals Company Q4 2023 Earnings Preview Source link