Author: FX
Invesco Dynamic Semiconductors ETF declares quarterly distribution of $0.0072 Source link
EL SEGUNDO, CA – Gregory N. Roberts, the Chief Executive Officer of A-Mark Precious Metals, Inc. (NASDAQ:), a leading precious metals trading company, has recently sold a significant portion of his stock in the company. On September 19 and 20, Roberts sold a total of 13,320 shares at prices ranging between $43.636 and $44.1028 per share, amounting to over $620,000. The transactions were executed in multiple parts, with the largest sale occurring on September 19, when 9,545 shares were sold. The next day saw an additional 3,775 shares being sold. These sales were made at weighted average prices, with the…
The Greenback remains off-kilter following the Fed’s recent pivot into a rate-cutting cycle. Last week, the US central bank delivered a jumbo 50 bps rate cut. The US Dollar remains under pressure, but markets have quickly pivoted to more impatient waiting for the next rate call. Here is what you need to know on Tuesday, September 24: The US Dollar Index remains pinned on the low end following the Federal Reserve’s (Fed) 50 bps rate slash last week. The DXY continues to clatter along the floor, grinding sideways just above the 100.50 level. US economic data is strictly mid-tier on…
The AUDUSD has been trying to extend to the upside over the last few trading days but has seen resistance even thoughnew highs have been made. Today is another try. The price has extended above the high price from last weekend at 0.6838. Also, it has moved above the August high price at 0.6823.Both of those levels along with the 61.8% retracement on the daily chart are support levels that if the buyers can stay above would keep them in play. Conversely, if they are broken my guess is that buyers return to sellers on the disappointment once again.ON the…
Further softness German data series could further undermine the outlook for the EUR. EUR/USD may suffer from dips to 1.10 in the weeks ahead, Rabobank’s FX strategist Jane Foley notes. Further soft data may undermine the outlook for EUR “This morning’s flash estimate of German September PMI saw business activity falling at the quickest pace in seven months. According to the survey provider, there was ‘a sharp an accelerated reduction in manufacturing production compounded by a near-stalling of growth in the service sector’.” “It was also reported that ‘the decline in employment also gathered pace as business expectations turned pessimistic…
So you’ve been trading on a demo account for months now and you think you’re ready to go live. But are you REALLY ready? Here are five signs you should look for: 1. You can make profits CONSISTENTLY. Making consistent profits and winning ALL the time aren’t the same. There ain’t a single renowned forex trader who can say that he hasn’t lost a single trade in his entire trading career. Given the market’s ever-changing market conditions, losing is part of the battle. So if you’ve lost a trade or two this week, don’t beat yourself up. Rather, focus on…
Headlines:Markets:AUD leads, EUR lags on the dayEuropean equities mixed; S&P 500 futures up 0.1%US 10-year yields up 2.3 bps to 3.750%Gold flat at $2,622.69WTI crude up 0.4% to $71.31Bitcoin down 0.1% to $63,489The focus of the session was on PMI releases in Europe and it did trigger a modest reaction in markets.Coming into today, traders were pricing in ~61% odds of an ECB rate cut for October but stepped that up to ~80% now. That of course coming after poor PMI prints in both France and Germany, which also highlighted a softening of price pressures.EUR/USD fell from 1.1145 to a…
Strong momentum suggests further US Dollar (USD) strength; the major resistance at 145.50 is likely out of reach. In the longer run, sharp advance reinforces view that USD could recover further to 145.50, UOB Group FX strategists Quek Ser Leang and Peter Chia note. USD can recover further to 145.50 24-HOUR VIEW: “Our view for USD to trade in a 141.50/143.80 range last Friday was incorrect. USD dipped to a low of 141.72 and then lifted off, surging to a high of 144.49. While the rally is reaching overbought levels, strong momentum suggests further USD strength. However, any further advance…
mtcurado/iStock Unreleased via Getty Images Vietnam said that Samsung Display intends to invest $1.8B in a facility to make OLED displays for automobiles and technology equipment in the country this year, Reuters reported. The new OLED display manufacturing plant by Samsung Display, a unit of Samsung Electronics ( Source link
Morgan Stanley has revised its stance to neutral on Defensives versus Cyclicals, the bank said Monday. Strategists said this tactical move comes after the significant outperformance of Defensives, which has pushed their valuations to extended levels, and highlighted the importance of waiting for more clarity on upcoming labor market data before taking any decisive actions in the market. Defensives tend to perform well over a three-to-twelve-month period following the Federal Reserve’s first rate cut. However, they often see initial underperformance within the first month after the cut. This dynamic is particularly relevant now, Morgan Stanley notes, given the Fed’s larger-than-expected…