Author: FX
Outlook: Charle Gamba, President and CEO of Canacol, stated: “As we previously stated, the corporation’s long-term plan is focused on i) maintaining and growing our reserve base and production from our core assets in the Lower Magdalena Valley Basin, targeting the full use of existing transportation infrastructure; ii) exploring high impact exploration opportunities in the Middle Magdalena Valley Basin; iii) strategic entrance into the gas market in Bolivia, and iv) continue to develop and improve in the area of ESG.” Source link
© Reuters. A Japanese 1,000 yen banknote and Chinese 100 yuan banknotes are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File photo A look at the day ahead in European and global markets from Rae Wee Markets have been betting on a dollar downturn for months on the view that U.S. rates would eventually have to fall at some point this year. Until now, that has been wishful thinking. The yen and the yuan were the latest to fall prey to a resurgent dollar on Friday, with the Japanese currency slipping deeper into intervention territory…
GBP/CAD can’t seem to make new lows below a key technical support! Will this lead to the pair extending its 2024 uptrend? Today’s 4-hour chart may give us more clues! GBP/CAD 4-hour Forex Chart by TradingView In case you missed it, the British pound took hits after the Bank of England (BOE) gave us a “dovish hold” where two voting members who previously voted to raise interest rates now favor keeping interest rates at 5.25%. Meanwhile, sticky high Canadian inflation and a bout of risk-taking took commodity-related currencies like CAD higher than their major counterparts. Will the tides change again…
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…
The Japanese Yen edges higher following the release of Japanese consumer inflation data. The uncertainty over the BoJ’s future policy steps keeps a lid on any further positive moves. A modest US Dollar downtick exerts some pressure, though the downside remains limited. The Japanese Yen (JPY) witnessed a dramatic intraday turnaround on Thursday and dived closer to the YTD low touched the previous day. However, it lacked follow-through amid the uncertainty over the Bank of Japan’s (BoJ) future policy steps. In fact, the central bank indicated earlier this week that financial conditions would remain accommodative and fell short of offering…
Justin Paget Ameren (NYSE:AEE) said Thursday it received approval from Missouri’s Public Service Commission to build or acquire three solar projects in the state, securing permission to carry out proposals the utility announced last year. The first of the three solar projects – the Vandalia Renewable Energy Center – is scheduled to enter service in 2025, with two more – Split Rail Solar, in Warren County, and the Bowling Green Renewable Energy Center – set to begin serving customers in 2026. The three solar farms would have a combined capacity of 400 MW, enough to power as many as 73K…
© Reuters. FILE PHOTO: Nike shoes are seen displayed at a sporting goods store in New York City, New York, U.S., May 14, 2019. REUTERS/Mike Segar/File Photo By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world’s largest sportswear maker scales back on franchises to save costs. Nike (NYSE:)’s warning came after the stock market closed, and shares were down 5.6% in extended trading. Executives acknowledged that Nike’s direct-to-consumer strategy was not driving growth as expected and that…
Add this to your diary of Federal Reserve speakers – Federal Reserve Chair Powell will be speaking at a San Fransico Federal Reserve branch event on March 29.at 8.30 am PDT, which is 9.30 am US Eastern timeMarch 29 is the Good Friday holiday.The Securities Industry and Financial Markets Association (SIFMA) is recommending the US Bond market closed that day. So it is. US stock exchanges are also closed that day. Source link
Reddit spikes as much as 70% on NYSE on Thursday. RDDT stock started off at $34 per share before trading got underway. The initial Reddit market cap was $6.4 billion, but meme stock status could aid bulls. ALAB stock IPO on Wednesday saw a 72% gain. Reddit (RDDT) stock advanced 35% on Thursday afternoon following its IPO at 13:15 EST. The stock is trading at $46 per share at the time of writing but initially gained as much as 70% for an intraday high of $57.78. Reddit has finally come to Wall Street after nearly two decades of operations. Founded in 2005 by University of Virginia roommates Alexis Ohanian and…
Most Read: Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100Too often, traders get caught up in the herd mentality, buying when prices are rising rapidly and selling in a panic when the market takes a turn to the downside. Contrarian indicators, like IG client sentiment, offer a different perspective. By gauging whether positioning and the overall mood are excessively bullish or bearish, these tools can hint at potential reversals and turning points. The key is to look for opportunities to zig when everyone else is zagging.Of course, contrarian indicators are most powerful when used as part…