Author: FX

© Reuters. CHICAGO – Cushman & Wakefield (NYSE: NYSE:), a global leader in commercial real estate services, announced today the appointment of Jennifer McPeek and Raj Vennam to its Board of Directors. The appointments come into effect immediately, filling the vacancies left by outgoing directors Tony Miller and Lincoln Pan. Jennifer McPeek’s addition to the board is marked by her extensive experience in the financial services industry, having held executive roles at Russell Investments and Janus Henderson Investors plc, among others. Currently, she serves on the board of Cboe Global Markets (NYSE:), Inc. and the First American Funds Trust Board…

The price of bitcoin as a a lot of up-and-down action today. However, a pattern that arising is sellers leaning against or near its falling 100-hour moving average. The moving average currently comes in at $68,142 and is now a key bias-defining level for the digital currency at least in the short term. If the price can stay below the moving average, the sellers remain “in play” (if not in control). What would give the sellers more control, would be if the price could get below the 38.2% retracement of the trend move up from the February 24 low. That…

Mexican Peso depreciates as local markets close for Benito Juarez’s birthday, USD/MXN aiming above 16.80. Banxico is widely anticipated to reduce interest rates slightly amidst a focus on upcoming US economic data and the FOMC outcome. Attention turns to key economic reports and central bank decisions in Mexico and the US this week. The Mexican Peso (MXN) depreciates sharply against the US Dollar (USD) on Monday as Mexico’s markets remain closed in the observance of Benito Juarez’s birth, a former President of Mexico. A busy economic week with both US Federal Reserve (Fed) and Bank of Mexico (Banxico) monetary policy…

It’s almost time for another monetary policy statement from the Reserve Bank of Australia! Will they shift their bias or retain their hawkish views? Source link

Most Read: Gold Price Forecast: Fed in Spotlight – Bullish Explosion or Crash Ahead?Gold prices advanced on Monday, but gains were limited in a context of market caution ahead of high-impact events in the coming sessions, including the FOMC announcement on Wednesday. In this context, XAU/USD climbed approximately 0.2% in early afternoon trading in New York, bouncing off technical support located around the $2,150 region.The Federal Reserve will hold its March meeting this week. Although the central bank is largely expected to keep its policy settings unchanged, the institution led by Jerome Powell could modify its forward guidance and adjust…

Raymond James upgraded Essex Property Trust (NYSE:ESS) to Outperform and Equity Residential (NYSE:EQR) to Market Perform, citing strong year to date demand trends in several West Coast markets. The upgrades come after the recent mid-quarter operating updates posted by several multifamily REITs during the March conference season. Raymond James also downgraded AIR Communities (NYSE:AIRC) to Market Perform and NexPoint Residential (NYSE:NXRT) to Underperform, with the former primarily related to investor confusion over last year’s debt refinancing costs, and the latter tied to concerns that Sun Belt supply pressure. The analysts at Raymond James also added NXRT’s FFO results could be…

Pound Sterling AnalysisSterling in Focus Ahead of Lower Anticipated UK Inflation – BoE up NextUK inflation, which is due tomorrow and just one day before the Bank of England (BoE) provides an update on monetary policy, is expected to drop notably. This is required for the BoE’s lofty forecast of 2% inflation by mid-year to materialize.Once more the focus will be concentrated on services inflation which remains elevated and is yet to reveal significant progress. Nevertheless, even if inflation surpasses estimates, the Monetary Policy Committee (MPC) is unlikely to alter their stance materially – supporting market expectations of a cut…

By David Ljunggren OTTAWA (Reuters) – Canadian legislators are due on Monday to vote on a non-binding motion backing Palestinian statehood that has drawn condemnation from Israel and that could deepen splits inside the ruling Liberal Party. Although the government is free to ignore the result of the vote in the House of Commons elected chamber, it could cause political problems for Prime Minister Justin Trudeau. The motion was drawn up by the minority left-leaning New Democrats (NDP), who are helping keep Trudeau’s Liberals in power and are unhappy by what they see as his failure to do enough to…

Euro (EUR/USD) Price and AnalysisEUR/USD holds above 1.08 in a week packed with central bank policy decisions.The near-term uptrend is under pressure, but the longer-term one looks safe enough.June could now be the month in which both the Fed and ECB loosen creditLearn How to Trade EUR/USD with our Complimentary Trading Guide Recommended by David Cottle How to Trade EUR/USD The Euro edged higher against the United States Dollar as a new trading week began in Europe on Monday, with moves likely to remain extremely limited at least until Wednesday’s monetary policy decision from the Federal Reserve.This is always a…

Happy Monday.It’s a big week with the BOJ later and Fed on Wednesday among other highlights. Today it starts off slowly with Canadian PPI at the bottom of the hour followed by US homebuilder sentiment at 10 am ET (1230 GMT). The other event that will get some attention today is the Nvidia developers conference, which starts today and runs for three days. There will be a keynote from founder and CEO Jensen Huang later today, which should include talk on its next-generation chip and the future of AI. Source link