Author: FX

(Reuters) -Levi Strauss’ target of hitting $9 billion to $10 billion in revenue by 2027 would be pushed back as rising costs of living hits Western consumers, even as the company expands store openings, the Financial Times reported on Tuesday. The denim maker had first set those goals in 2022. Levi Strauss (NYSE:), which owns over 1,200 company-operated stores across 38 countries, reported net revenues of $6.2 billion in the year ended November 26, 2023 – almost the same as the year earlier. CEO Michelle Gass told FT that the company will “do our homework again” before giving investors a…

The Australian dollar has been all over the charts —and it’s only Tuesday! In case you missed it, the commodity currency started the week by reacting to last week’s Fed rate cut. More recently, it’s getting a boost from the People’s Bank of China (PBOC) as they work to stimulate the world’s second-largest economy. Meanwhile, the British pound has pulled back after weaker-than-expected September PMI reports took some of the shine off last week’s “hawkish hold” from the Bank of England. This Article Is For Premium Members Only Become a Premium member for full website access, plus get:…

Now that the RBA decided to keep rates unchanged at 4.35% as expected, can the upcoming Australia CPI release support their upbeat view? Expectations are for a slowdown in headline price pressures from 3.5% year-on-year to 2.7% in August, which still leaves annual inflation above target. Check out this reversal pattern breakout and potential continuation I’m watching on AUD/NZD. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

The major assets were all over the place on Monday, as traders priced in the Fed’s rate cut, escalating Middle East tensions, and potential global growth slowdown. Which headlines caught traders’ attention in the last trading sessions? We’re talking about them below! Headlines: New Zealand trade deficit jumped to 2.20B NZD in August, July’s deficit revised higher from 963M NZD to 1.02B NZD Judo Bank Australia manufacturing PMI slipped from 48.5 to a 52-month low of 46.7 in September; Services PMI dipped from 52.5 to a two-month low of 50.6 HCOB Flash France manufacturing PMI for September: 44.0 (44.3 expected,…

PBOC governor Pan Gongsheng, NFRA* director Li Yunze, and CSRC* president Wu Qing joined forces for a 9 am (Beijing time) press conference that generated bombshell monetary policy stimulus headlines that were subsequently withdrawn. The Governor of the People’s Bank of China was reported (erroneously) as saying the Bank had:cut the Reserve Requirement Ratio (RRR) by 50bp, cut the 7-day Reverse Repo rate to 1.5%, from 1.7%What the governor actually said was that the Bank will, at some time, make these cuts. He did not offer a firm timeline. The cuts are something the Bank will do, but not right…

Japan’s Finance Minister Shunichi Suzuki said on Tuesday that he is “monitoring impacts from central banks’ monetary policies.” Suzuki said that he “expects the Bank of Japan (BoJ) to conduct appropriate monetary policy, while working closely with government.” Market reaction USD/JPY remains defensive near 143.70 following these above comments, almost unchanged on the day. Source link

The Momentum ATR Normalized Signal MT4 Indicator, often referred to as the “MANSI” for short, is a technical analysis tool specifically designed for the MetaTrader 4 (MT4) platform. It combines three key elements to help you identify potential trading opportunities: Momentum Oscillator: This component measures the rate of price change, providing valuable clues about the strength and direction of a trend. Average True Range (ATR): This volatility measure helps us understand the typical range of price fluctuations over a given period. Normalization: This process puts the momentum and ATR values on a common scale, making it easier to interpret the indicator’s readings. By…

The Fibo Pivot Candle Bar and Non-Lag Relative Strength Forex Trading Strategy stands out as a powerful tool. This strategy skillfully integrates Fibonacci pivot points with candle bar patterns and a non-lagging relative strength indicator, offering traders a comprehensive understanding of market dynamics. Its effectiveness lies in its ability to provide clear, actionable insights that can significantly enhance trading performance. The core strength of this strategy is its use of Fibonacci pivot points to identify critical support and resistance levels. These levels, derived from the Fibonacci sequence, are known for their accuracy in predicting potential price reversals. By pinpointing these…

TOKYO (Reuters) -Nippon Steel Vice Chairman Takahiro Mori said on Tuesday the Japanese company remains committed to talks with the United Steelworkers (USW) labour union over its bid to acquire U.S. Steel. Mori, the key negotiator of the $14.9 billion buyout deal, said USW President David McCall “has not seriously considered any of the proposals that we have presented” in a letter to the U.S. Steel employees. “We just need USW leadership to come to the table. I am hopeful they will do so in the very near future,” Mori wrote. The USW did not immediately reply to a Reuters…

JP Morgan remark on US stock market strength, with the view that stocks will continue to find support from the macroeconomic environment. While there may be short-term volatility their expectations is for stocks to move higher still. JPM cite:US consumer is in a strong positionsome individuals are feeling the effects of accumulated inflation, but overall consumer spending remains solidnotable surge in credit activitylingering demandthis all could fuel increased business creation, job growth, and housing demand This article was written by Eamonn Sheridan at www.forexlive.com. Source link