Author: FX

MarsYu Regional banks (NYSEARCA:KRE), (IAT) are showing some buyable weakness despite sector concerns, said Jeff Degraaf, Renaissance Macro Research chairman and CEO. In a CNBC interview, Degraaf said that concerns in the regional banks sector (KRE), (IAT) are episodic and idiosyncratic, but that the group remains oversold. Regional banks, he said, did have a breakout, “which could have been a bull trap — and still might prove to be.” “If we look at the banks, people are worried about the equities,” he said. “But when we look at the credit default swaps, and some of the things are happening in…

© Reuters. On Monday, the price target for Pinterest Inc (NYSE:) was reduced by Argus from $43.00 to $48.00, while the firm kept its Buy rating on the stock. Pinterest is recognized by its users as a shopping destination, with a significant portion of them intending to make purchases even before they visit the platform. The anticipation of increased user activity, such as likes and comments, along with higher advertising rates and more ads per view, is expected to contribute to Pinterest’s growth trajectory. To enhance its shopping features, Pinterest is expanding its product offerings and leveraging artificial intelligence to…

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…

EURO OUTLOOKEUR/USD slides on Monday, turning lower after failing to clear resistance at 1.0785Market attention will be on the January U.S. inflation report on TuesdayThis article explores EUR/USD’s key technical levels to watch in the coming daysMost Read: Gold Dips as Stocks Fly; EUR/USD, GBP/USD Await US InflationEUR/USD retreated moderately at the start of the new week, dragged down by the broad-based strength of the U.S. dollar, as demonstrated by a 0.15% increase in the DXY index, which took place in a context of rising U.S. Treasury yields.Monday’s price action was unimpressive, as many traders remained on the sidelines, waiting…

Share: Canadian Dollar sees thin gains with support from steady Crude Oil bids. Canada sees a data-light economic calendar this week. Markets kick off the new trading week on a quiet note ahead of key US inflation data. The Canadian Dollar (CAD) found some room on the high side on Monday, drifting into the green against most of its major currency peers in thin Monday trading. Markets have opened on a quiet note as investors gear up for a smattering of US economic data, with Tuesday’s US Consumer Price Index (CPI) inflation print a key focus for markets…

GBP/USD, EUR/GBP Analysis and ChartsEconomic data will help Sterling traders.GBP/USD finding support from the long-term moving average. Recommended by Nick Cawley Get Your Free GBP Forecast Sterling has recovered around half of its recent losses against the US dollar after UK rate cut expectations were pared back last week. Aggressive expectations of over 110 basis points of cuts have been trimmed back to just over 80 basis points of cuts this year, boosting UK gilt yields. The yield on the interest-rate sensitive 2-year gilt today touched 4.60%, up from around 4.20% at the start of February and a 3.965% low…

ijeab/iStock via Getty Images Marqeta (NASDAQ:MQ) stock gained 4.9% in Monday premarket trading after Bank of America upgraded the card issuing platform to Buy from Neutral as analyst Cassie Chan sees near-term visibility and long-term opportunities that could result in favorable top-line growth over the medium term. “Based on our analysis on some of MQ’s key end-market verticals, as well as theburgeoning credit opportunity, we believe MQ can grow top line 20%+ in the medium-term,” the sell-side analyst wrote in a note. She noted that 75% of total processing volume has been renewed between Q2 2022 and Q3 2023, thanks…

© Reuters. CHICAGO – SP Plus Corporation (NASDAQ: NASDAQ:), a leading provider of parking management and mobility solutions, announced today that its shareholders have overwhelmingly approved the proposed merger with Metropolis Technologies, Inc. This decision was reached during a special meeting of stockholders held on Thursday, where approximately 99.94% of votes cast were in favor of the agreement. The merger agreement, initially dated October 4, 2023, stipulates that SP Plus will merge with a direct, wholly owned subsidiary of Metropolis, with SP Plus surviving the merger as a subsidiary of Metropolis. Stockholders of SP Plus are set to receive $54.00…

Share: EUR/USD retreats after climbing to over a one-week high, around the 1.0800 mark on Monday.  ECB rate cut bets undermine the shared currency and exert pressure amid reviving USD demand. The Fed rate cut uncertainty might cap gains for the USD and help limit deeper losses for the pair.  The EUR/USD pair loses traction following an early uptick to the 1.0800 mark, or over a one-week high on Monday and drops to a fresh daily low during the first half of the European session. Spot prices, however, recover a few pips in the last hour and remain…

Gold (XAU/USD), Bitcoin (BTC/USD) Analysis and ChartsQ1 2024 Gold Forecast: Recommended by Nick Cawley Get Your Free Gold Forecast Gold in need of a driver – will US CPI help?Bitcoin – a confirmed break of $49k should bring $52k back into play quickly.A quiet start to what should be a busy week, not helped by most Asian markets being closed for holidays. Chinese markets are closed all week for the Lunar New Year while Hong Kong, Taiwan, and South Korea were also closed today. With little economic data on the calendar today, traders should be mindful of a handful of…