Author: FX
iStock Chinese smartphone maker Xiaomi (OTCPK:XIACF) will launch its first electric sedan on March 28 in China, its CEO Lei Jun announced, sending its Hong Kong-listed shares soaring 11.9% on Tuesday. The company, which invested over CNY 10B ($1.39B) in the initial R&D phase for the electric vehicle, pre-launched the SU7 model late last year. At the time, Lei said Xiaomi (OTCPK:XIACF) aimed to become one of the top five global automakers over 15-20 years. Orders for the EV can be made at 59 Xiaomi (OTCPK:XIACF) stores in 29 cities across China. The EV will feature Xiaomi’s self-developed e-motor, battery,…
© Reuters. Japan stocks lower at close of trade; Nikkei 225 down 0.05% Investing.com – Japan stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in Tokyo, the fell 0.05%. The best performers of the session on the were Shiseido Co., Ltd. (TYO:), which rose 3.64% or 148.00 points to trade at 4,218.00 at the close. Meanwhile, Daikin Industries, Ltd. (TYO:) added 3.30% or 665.00 points to end at 20,845.00 and Toho Co., Ltd. (TYO:) was up 2.98% or 146.00 points to 5,048.00 in late trade. The worst…
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…
WTI crude oil is still cruising higher inside its ascending channel! The commodity is in correction mode, though, and this might be an opportunity to catch the trend on a dip. Check out these support levels I’m watching on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart by TradingView Fewer headlines on geopolitical tensions in the Middle East appear to be easing global oil supply concerns in the past few days, leading WTI crude oil to retreat from its highs at $80.85 per barrel. At the same time, traders might also be booking profits ahead of this week’s…
Spencer Platt/Getty Images News New York Community Bancorp (NYSE:NYCB) closed on Monday its previously announced transactions that provided it with ~$1.05B of equity investment by investors including Steven Mnuchin’s Liberty Strategic Capital, funds managed by Hudson Bay Capital Management, funds managed by Reverence Capital Partners, and others. Under the agreement, NYCB issued: 76,630,965 shares of common stock at a price of $2.00 per share; 192,062 shares of series B of noncumulative preferred stock at a price of $2,000 per share, which are convertible to 1,000 shares of common stock in event of a transfer by the holder; 256,307 shares of…
© Reuters. CytomX Therapeutics (ticker: NASDAQ:), a biopharmaceutical company, provided a detailed update on their proprietary Probody therapeutic platform and its product candidates during their Fourth Quarter 2023 Financial Results Conference Call. The company highlighted advancements in their pipeline, including CX-904 and CX-2051, and their collaboration with industry giants such as Bristol-Myers Squibb (NYSE:) and Amgen (NASDAQ:). CytomX reported a robust financial position with $175 million in cash, cash equivalents, and investments as of the end of 2023, and expects to fund operations into the second half of 2025, thanks in part to increased revenue from strategic partnerships.Key TakeawaysCytomX discussed…
US CPI PREVIEW – GOLD, US DOLLAR, STOCKSThe February’s U.S. inflation report will steal the spotlight on Tuesday morningAny deviation of the official data from market expectations could trigger volatilityThis article discusses possible scenarios for gold, the U.S. dollar and stocksMost Read: US Dollar Gains Before US Inflation, Volatility Ahead – Setups on EUR/USD, USD/JPYTuesday marks an important day for investors of all stripes as the U.S. Bureau of Labor Statistics is set to release the February’s consumer price index survey, a key report that is anticipated to provide fresh insights into recent inflation dynamics and guide the Federal Reserve’s…
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…
Tomorrow, traders will be looking at Uncle Sam’s February inflation rates for clues on the Fed’s policy plans. Will the numbers support the Fed slowing their roll on a May or June interest rate cut or fuel imminent rate cuts further? Let’s take a look to see what market participants are anticipating from the latest CPI report in the United States and how it may influence market prices: 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…
Share: Gold price hovers around $2,180.60, steadying as traders anticipate February’s CPI release. Core inflation expectations set to influence the US Dollar and potentially bolster Gold’s position. Following Powell’s testimony, Gold’s near breakthrough to $2,200 underlined XAU’s price sensitivity to Fed policy and inflation trends. Gold prices were virtually unchanged late in the North American session with traders bracing for the release of February’s US Consumer Price Index (CPI) data, which is estimated to stay unchanged for headline figures. Core data is foreseen cooling down, which would weigh on the US Dollar and boost XAU/USD. At the time…