Author: FX
Elekta AB (publ) goes ex dividend Monday Source link
© Reuters. Investing.com– U.S. stock index futures traded in a muted fashion Friday. pausing for breath after the previous session’s Nvidia-inspired rally to record highs. By 06:50 ET (11:50 GMT), the contract was up 40 points, or 0.1%, traded flat and dropped 20 points, or 0.1%. The main U.S. averages closed firmly higher Thursday, with the gaining 2.1%, the rising 1.2%, both to record closing highs, while the surged nearly 3%. All three major indices are also now on track for winning weeks: the S&P 500 on course for a 1.6% advance, while the Nasdaq has gained 1.7% and the…
Gold (XAU/USD) AnalysisFed officials communicated that they are in no rush to start the cutting cycle amid a strong US economy, emboldened consumer and potential Red Sea escalationGold prices have edged lower towards the end of the week as Fed officials spur on USDThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade Gold Fed Officials Happy to Delay Cutting Cycle, Seeking Further Progress on InflationA number of prominent Fed officials voiced their opinions of the US economy, inflation…
USDThe Fed left interest rates unchanged as expected at the last meeting while dropping the tightening bias in the statement but adding a slight pushback against a March rate cut.The US CPI beat expectations for the second consecutive month with the disinflationary trend reversing. The US PPI beat expectations across the board by a big margin.The US Jobless Claims beat expectations with the data remaining steady.The latest US PMIs increased further from the prior month with the Manufacturing PMI beating expectations and the Services PMI missing. The US Retail Sales missed expectations across the board by a big margin.The market…
Share: European Central Bank (ECB) executive board member Isabel Schnabel is speaking about the Payment Methods Survey of Companies in Switzerland 2023 on Friday. She said that “monetary policy has had a weaker impact on dampening demand for services.” “We’re starting to see that firms are beginning to absorb higher costs into their profit margins,” Schnabel added. The policymaker went on to say that she is “confident that risks of de-anchoring of inflation expectations have come down.” Market reaction EUR/USD is losing ground toward 1.0800, unfazed by the above comments. Euro price today The table below shows the…
EUR/USD, EUR/GBP and EUR/JPY – Prices, Charts, and AnalysisGerman economy remains weak, official data shows.EUR/USD uptrend in focus.Learn How to Trade Economic News with our Free Guide Recommended by Nick Cawley Trading Forex News: The Strategy German GDP fell by 0.3% in Q4 2023 compared to the third-quarter, and by 0.4% on the same quarter a year ago, data released by the Federal Statistics Office (Destatis) today confirmed.”The German economy ended 2023 in negative territory. In the final quarter, declining investment had a dampening effect on economic activity, while consumption increased slightly,” saidRuth Brand, President of the Federal Statistical Office.In…
Essential Utilities declares $0.3071 dividend Source link
© Reuters. A waiter carries a beer mug at a pub in Mumbai, India, October 20, 2018. Picture taken October 20, 2018. REUTERS/Danish Siddiqui/ File Photo By Emma Rumney LONDON (Reuters) – Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as easing cost pressures help brewers close the gap on the spirits giants that have outshone them for years. While spirits companies enjoyed record growth during a post-pandemic boom in expensive liquors, brewers like Anheuser-Busch InBev and Heineken (AS:) have struggled with huge spikes in costs…
EUR’s upswing against CHF looks ready for a breather! Will it lead to EUR/CHF getting rejected at a long-term resistance area? I don’t know if you’ve noticed but the European Central Bank (ECB) members’ objections to early and aggressive interest rate cuts have helped push the euro higher against its major counterparts including the Swiss franc. There are also talks of the Swiss National Bank (SNB) possibly intervening in the currency markets so that probably didn’t hurt EUR/CHF’s upswing. Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your…
Nick Timiraos is tweeting that Goldman has now pushed the first cut to June from May joining others. Fed officials have been pushing “later vs sooner”. The analysts are now seeing it more and the market has also pushed up yields have pushed yields higher as well. Although the US 10-year is still well off the 2023 high at 5.02%, it is near the high from October 2022 at 4.33%.PS Goldman now sees 4 cuts in 2024 down from 5 cuts. Source link