Author: FX
© 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…
Australian Dollar (AUD) AnalysisAsian indices ease at the start of the European session as markets eye further accommodation from ChinaAussie dollar posts a lower start to the week (AUD/USD) ahead of the monthly inflation indicator and US PCE Recommended by Richard Snow How to Trade AUD/USD Asian Indices Ease to Start the Week but AUS200 Remains Near PeakThe MSCI Asia Pacific Index eased at the start of the week after US markets closed slightly in the red on Friday. However, the move lower did not affect what was a really positive week for US stocks, reaching a new all-time high…
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The markets could be in for some repricing of interest rate bets as we see fresh growth and inflation data from the major economies. Meanwhile, the U.S. will be printing closely watched mid-tier reports while the RBNZ publishes its February monetary policies. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable…
Share: The Japanese Yen remains confined in a range just below a multi-month low touched last week. Reduced bets for an imminent shift in the BoJ’s policy stance continue to undermine the JPY. Hawkish Fed expectations act as a tailwind for the USD and lend support to the USD/JPY pair. The Japanese Yen (JPY) continues with its struggle to gain any meaningful traction and oscillates in a range against its American counterpart heading into the European session on Monday. The near-term bias, meanwhile, seems tilted in favour of bears in the wake of expectations that the Bank of…
Is the trend still our friend on gold? The precious metal has formed lower highs and lower lows connected by a descending channel visible on its 4-hour time frame. Price is testing the channel resistance, still deciding whether to bounce or break. Gold (XAU/USD) 4-hour Chart by TradingView A combination of geopolitical concerns stemming from Middle East tensions and dollar jitters ahead of another batch of top-tier data appear to be propping gold prices up lately. In the previous trading week, XAU/USD managed to hold on to its gains, as market players didn’t seem too impressed by the FOMC minutes.…
© Reuters. FILE PHOTO: Oil rig pumpjacks, also known as thirsty birds, extract crude from the Wilmington Field oil deposits area near Long Beach, California July 30, 2013. REUTERS/David McNew/File Photo By Florence Tan SINGAPORE (Reuters) -Oil prices fell on Monday, extending losses from the previous session after the dollar rose amid market concerns that higher-than-expected inflation could delay cuts to high U.S. interest rates that have been capping global fuel demand growth. futures fell 35 cents, or 0.4%, to $81.27 a barrel by 0419 GMT, while U.S. West Texas Intermediate crude futures (WTI) declined 35 cents, or 0.5%, to…
Japanese CPI data is due at 8:30 am Tokyo time on Tuesday, 27 February 2024:2330 GMT on 26 February and 1830 US Eastern time on 26 February The expected “core” consumer price index (CPI), which excludes fresh foods but includes energy items at 1.8% would be under the Bank of Japan’s 2% target for the first time in nearly two years (since March 2022)This is going to diminish any urgency the BOJ feels to tighten policy, especially given the country was in a confirmed recession from data released last week:This snapshot from the ForexLive economic data calendar, access it here.The…
Share: India’s Nifty and Sensex look to open lower after settling on a subdued note on Friday. Nifty and Sensex clinched weekly gains but public sector stocks were a drag on Friday. All eyes now remain on US PCE inflation data and India’s Q3 GDP due later this week. The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open the week on Monday on a cautious footing, taking the lead from mixed trading in Asian stock markets. Risk sentiment remains in a weak spot so far, as markets weigh renewed tensions between China and Taiwan.…
© Reuters. Commuters carry umbrellas while crossing London Bridge in London, Britain August 2, 2023. REUTERS/Hollie Adams/File Photo LONDON (Reuters) – British employers advertised the fewest jobs in nearly three years last month, with numbers down 15% from a year ago, figures from recruitment data company Adzuna showed on Monday, adding to signs that the labour market is cooling. Last week Bank of England Governor Andrew Bailey welcomed what he described as “full employment” – with the official jobless rate at 3.8% – despite the economy entering a shallow recession in the second half of last year. However, the central…