Author: FX

Jonathan Knowles U.S. beverage sales at retail outlets showed a decelerating trend over the last four weeks, according to the latest batch of Nielsen data. Non-alcoholic beverage, combined beer, wine, and spirits dollar sales growth also all slowed in comparison to the 12-week trendline, noted TD Cowen analyst Robert Moskow. Of note, price increases have cooled off and promotional activity in some beverage categories is above last year’s levels. For the four-week period ending on March 9, beverage categories showing a drop in sales compared to a year ago included sports drinks, bottled water, ground coffee, and hard seltzer. The…

© Reuters. Comtech Telecommunications Corp. (NASDAQ:) has revealed a slight increase in net sales and significant growth in adjusted EBITDA for the second quarter of fiscal year 2024. CEO John Ratigan emphasized the company’s refinancing plans as a top priority, with strategic investments bolstering the balance sheet. The company is engaging with lenders to replace its current credit facility, aiming to improve financial flexibility. CFO Mike Bondi acknowledged challenging business conditions but projected improved sales and EBITDA for fiscal 2024, backed by a strong backlog and revenue visibility. Comtech also highlighted its next-generation troposcatter solutions and success in securing key…

British Pound Price and AnalysisGBP/USD has slipped below the $1.27 markThe Dollar has gained broad support from suspicions that the FedThe Bank of England isn’t expected to alter policy, but its voting split will be fascinatingLearn how to trade GBP/USD with our free guide Recommended by David Cottle How to Trade GBP/USD The British Pound was sharply lower against the United States Dollar on Tuesday. The next forty-eight hours will bring interest rate decisions from both currencies’ central banks and the markets expect the net result will be some further strength in the greenback.The Federal Reserve will go first, on…

$3,497 USD/MTWhole milk powder -4.2%This is the second soft auction in a row. This article was written by Adam Button at www.forexlive.com. Source link

On Friday, the S&P 500 lost almost 0.7%, and yesterday, it gained 0.63%. The market basically continued to trade within a two-week-long consolidation below the previous Friday’s new record high of 5,189.26, and above the support level of around 5,100. The question remains: will stocks break higher and reach new all-time highs? This morning, the S&P 500 futures contract is trading 0.4% lower, indicating a lower opening for the index today. The market will be waiting for the very important FOMC Rate Decision tomorrow. On March 1, I mentioned about February, “Despite concerns about stock valuations, the market rallied to…

EUR/USD Prices, Charts, and AnalysisEconomic sentiment improves, but current conditions are still weak.Fed decision and narrative will shape EUR/USD direction in the coming days. Recommended by Nick Cawley The Fundamentals of Breakout Trading The latest ZEW Financial Market Survey showed a sharp rise in Euro Area and German economic optimism, beating market forecasts by a margin. The German number – 31.7 – was the highest reading in over two years and beat market estimates of 20.5. The Euro Area number – 33.5 – was also the highest reading since February 2022. However, the German current conditions reading remained weak and…

24K-Production/iStock via Getty Images Beam Global (NASDAQ:BEEM) has been granted another new patent by the United States Patent Office that covers the company’s wireless charging technology, with the patent title Self-Contained Renewable Inductive Battery Charger, it said Tuesday. The new product will be equipped with a wireless power transmitter which delivers electrical energy to charge the EV’s batteries through the air and is installed in the engineered ballast and traction pad of the EV ARC system. BEEM +1.16% premarket to $6.95 Source: Press Release Source link

© Reuters. FILE PHOTO: A view of the ThyssenKrupp headquarters in Essen, Germany, November 22, 2023. REUTERS/Jana Rodenbusch/File Photo By Andrey Sychev, Emma-Victoria Farr and Tom Käckenhoff (Reuters) -Thyssenkrupp is evaluating a potential sale of a stake in its Marine Systems unit which builds naval ships and submarines to investment firm Carlyle (O:), the German conglomerate said on Tuesday. “With the active involvement of Carlyle, we are now taking the necessary next step and starting the phase of an open-ended assessment of the relevant business activities,” Executive Board member Volkmar Dinstuhl said in a statement. The Marine Systems unit has…

Bank of Japan, USD/JPY News and AnalysisBoJ’s hawkish actions accompanied by dovish rhetoricYen depreciated further after the announcement – USD/JPY back above 150.00Japanese (10-year) government bond yields ease as BoJ will continue purchasesThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryBoJ’s Hawkish Actions Accompanied by Dovish RhetoricThe Bank of Japan (BoJ) voted to raise the benchmark interest rate into the 0% – 0.1% range in a historic move that marks the end of the Bank’s negative interest rate policy which was implemented to combat deflation…

For now, not necessarily confident enough that wages at smaller firms will riseThat’s at least something that the yen could work with. But when you balance out everything else so far today, it doesn’t seem like they would be too eager to tighten policy in quick fashion. USD/JPY is starting to settle down, up 0.7% to around 150.18 on the day currently. This article was written by Justin Low at www.forexlive.com. Source link