Author: FX
Share: Gold retreats to $2,026.93, facing pressure from a strengthening US Dollar and Treasury yield uptick. Market reevaluates Fed rate cut timeline with June odds at 50% for a potential easing. The US 10-year Treasury yield hovering around YTD highs keeps Gold’s price capped. Gold price retraces after hitting the 50-day Simple Moving Average (SMA) at $2,033.67 during the European session and is down 0.40% as the Greenback (USD) dives. However, a rise in the US 10-year Treasury yield and traders trimming their odds of a dovish US Federal Reserve (Fed) sponsored a leg down in the non-yielding…
The Reserve Bank of New Zealand’s latest monetary policy statement is coming up, so you’d better catch up quick before the market moves without or against you! Check out our latest RBNZ scouting report before working on your next NZD risk management plans: 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
Most Read: US Dollar Forecast – US PCE to Guide Markets; EUR/USD, GBP/USD, USD/JPY SetupsThe U.S. dollar, as measured by the DXY index, was subdued, and displayed restraint on Monday despite a modest uptick in U.S. Treasury yields. Market participants appear to be leaning toward a cautious stance at the start of the new week ahead of a high-impact event on Thursday: the release of the core personal consumption expenditures deflator, the Federal Reserve’s preferred inflation gauge.January’s core PCE is seen rising 0.4% compared to December, resulting in a marginal drop in the yearly rate from 2.9% to 2.8% -…
T. Rowe Price Floating Rate ETF declares monthly distribution of $0.3438 Source link
© Reuters. NEW HOPE, Pa. – Orchestra BioMed Holdings, Inc. (NASDAQ:OBIO), a biomedical company, has announced new data on the long-term effectiveness of its atrioventricular interval modulation (AVIM) therapy for patients with hypertension who require pacemakers. The data, presented at the Innovation in Cardiovascular Interventions (ICI) 2024 Meeting, show a sustained reduction in 24-hour ambulatory systolic blood pressure (aSBP) over an average of 3.6 years. The MODERATO II study, a European multi-center, double-blind, randomized pilot study, initially found that patients undergoing AVIM therapy alongside antihypertensive medications experienced an 11.1 mmHg reduction in mean aSBP after six months. This was a…
As the North American session begins for the day/week, the above video out once the technical levels in play for the three major currency pairs – the EURUSD, USDJPY and GBPUSD. What is the bias (bullish or bearish), the risks, the targets for each of those pairs and why those levels are important? Get the day started in the right way, by understanding the technicals leading the way. Source link
For some traders, the only thing worse than losing a trade is missing out on a winning setup that they had spotted but had not taken. I’m sure you’ve found yourself in this situation before: A trading setup catches your eye, so you do your homework. You read about the asset’s fundamentals, review its previous price action, and look at key its technical levels. You even plot a general trading plan for your entries and exits! But when it’s time to set your orders, you suddenly doubt the whole idea. You then decide to wait. You place your entries at unrealistic levels,…
Share: Pound Sterling moves higher while investors seek fresh guidance on interest rates. High wage growth and service inflation keep the UK’s inflation sticky. The core PCE inflation data will guide further action in the US Dollar. The Pound Sterling (GBP) is stuck in a tight range in Monday’s European session as investors need more insights on the Bank of England’s (BoE) interest rates for fresh action. The GBP/USD struggles for direction as uncertainty over the timing of rate cuts by the BoE and the Federal Reserve (Fed) continues to persist. Policymakers from the BoE and the Fed are…
Domino’s Pizza press release (NYSE:DPZ): Q4 GAAP EPS of $4.48 beats by $0.08. Revenue of $1.4B (+0.7% Y/Y) misses by $20M. Global retail sales growth (excluding foreign currency impact) of 4.9% for the fourth quarter; 5.4% growth for fiscal 2023 U.S. same store sales growth of 2.8% for the fourth quarter; 1.6% growth for fiscal 2023 International same store sales growth (excluding foreign currency impact) of 0.1% for the fourth quarter; 1.7% growth for fiscal 2023 Global net store growth of 394 for the fourth quarter; 711 for fiscal 2023 (excluding closure of the Russia market, global net stores grew…
© Reuters. On Monday, Baird initiated coverage on Amer Sports Inc. (NYSE: AS), assigning an Outperform rating and setting a price target of $20.00. The firm highlighted the company’s transformation into a focused portfolio of leading authentic performance brands, which are well-positioned to sustain attractive growth. Amer Sports, known for its brands such as Arc’teryx, Salomon, and Wilson, has shown impressive results from 2020 to the estimated figures for 2023. According to Baird, the company’s growth is supported by opportunities to expand across product categories, sales channels with a focus on direct-to-consumer, and geographical regions, including China. The firm’s analysis…