Author: FX
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1055 as compared to the previous day’s fix of 7.1097 and 7.1763 Reuters estimates. Source link
ImagineGolf/E+ via Getty Images The long-delayed project to expand Canada’s Trans Mountain pipeline has been hit with another setback, which will delay completion of the project to Q2 at the earliest, the company said Monday. The government-owned pipeline operator said it encountered technical issues during January 25-27 involving activity with one of its drills, which will “result in additional time to determine the safest and most prudent actions for minimizing further delay.” Heavy sour crude prices at Hardisty, Alberta, fell Monday on Trans Mountain’s scheduling uncertainty, after narrowing its discount to the light sweet crude benchmark in Cushing, Oklahoma, in…
© Reuters ETH ETF Next? Seasoned VC Vance Spencer Shares His Views U.Today – As the new bull market is gaining traction, Netflix (NASDAQ:) alum and seasoned crypto VC Vance Spencer indicates a number of milestones the blockchain segment could reach in the coming two years. While his forecast sounds optimistic, he also recommends being prepared for a “roller coaster.” ETF could be next, Vance Spencer opinedThe fourth (BTC) halving, Ethereum ETF approval and growing institutional adoption of digital assets are “next” for us in 2024, Spencer shared with his 85,000 followers on X. In general, the crypto journey at…
GOLD PRICE, US DOLLAR, STOCKS FORECASTThe Fed’s decision on Wednesday could bring increased volatility for gold prices, the U.S. dollar and stocksThe Federal Reserve is expected to hold its policy settings unchanged but could embrace a more dovish guidanceTwo possible FOMC outcomes are discussed in this articleMost Read: Gold Price Forecast – Fed Decision to Guide Trend, Critical Levels For XAU/USDThe Federal Reserve will announce on Wednesday its first monetary policy decision of 2024. This event has the potential to create attractive trading opportunities, but it may also bring heightened volatility and unpredictable price movements, so traders should be prepared…
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…
Share: WTI oil drops over 1.50%, affected by China’s property sector woes and a robust US Dollar. Oil prices falter despite geopolitical tensions, pressured by global economic concerns and central bank policies. Market awaits API and EIA reports for insights on US crude and distillate stocks amid economic uncertainty. West Texas Intermediate (WTI) drops sharply more than 1.50% on Monday, after failing to crack a key technical resistance level, along with demand woes sponsored by China’s property crisis. Despite rising tensions in the Middle East, traders are bracing for the US Federal Reserve (Fed) decision to keep the…
JHVEPhoto/iStock Editorial via Getty Images Philips’ (NYSE:PHG) decision to halt sales of its respiratory care devices in the U.S. to meet regulatory requirements is likely favorable to its rival, ResMed (NYSE:RMD), Citi argued on Monday as the Dutch medical device maker reacts to a major product recall. Philips (PHG) ADRs lost ~6%, marking the biggest intraday decline since October, while San Diego, California-based ResMed (RMD) traded higher for the third straight session in reaction to the news. Inspire Medical Systems (INSP) and Owens & Minor (OMI) also operate in the respiratory care device market in the U.S. The decision to…
EUR/USD OUTLOOKEUR/USD slides on Monday, falling to its lowest level since in nearly seven weeksThe pair is on track to lose 2.1% in JanuaryFed decision to dominate attention this weekMost Read: Gold Price Forecast: Fed Decision to Guide Trend, Critical Levels For XAU/USDThe euro weakened more than 0.4% against the U.S. dollar on Monday, with the EUR/USD exchange rate falling below 1.0800 at one point during the trading session – a multi-week low.The common currency has been on the defensive in recent days after ECB President Christine Lagarde failed to challenge market pricing of deep rate cuts at the January…
© Reuters. FILE PHOTO: Brazil’s Finance Minister Fernando Haddad attends a press conference in Brasilia, Brazil December 28, 2023. REUTERS/Adriano Machado/File Photo BRASILIA (Reuters) -Brazil’s central government primary budget deficit reached 230.5 billion reais ($47 billion) in 2023, Treasury data showed on Monday, in a sharp fiscal deterioration that casts doubt on the official goal of balancing the accounts this year. The annual deficit, equivalent to 2.1% of Gross Domestic Product (GDP), reverses a 0.5% surplus in 2022 and represents the second-largest ever recorded by the country, below only 2020 when the government boosted expenses during the COVID pandemic. The shortfall follows a December primary…
The first FOMC statement of 2024 is comin’ right up! Will policymakers stick to their “higher for longer” interest rate stance or hint that they’d rather cut “sooner rather than later”? Here’s what you need to know if you’re planning on trading this top-tier market catalyst. 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