Author: FX
By Laila Bassam and Kinda Makieh BEIRUT/DAMASCUS (Reuters) -An Israeli missile strike on Syria’s capital Damascus on Saturday killed four members of Iran’s Revolutionary Guards, including the head of the force’s information unit in Syria, a security source in the regional pro-Syria alliance told Reuters. In a statement carried on Iranian state television, the Revolutionary Guards confirmed that four of its military advisers were killed in the Israeli strike and said further details would be announced later. State TV said the targeted building was the residence of Iranian advisers in Damascus. There was no immediate comment from Israel, which has…
Warning: ALPMY is at high risk of cutting its dividend Source link
J.P.Morgan has revised its interest rate outlook for the European Central Bank.Sooner:JPM expect the first rate cut in June, having previously expected the first in September.the ECB ho hold in Julyand then cuts in both September and October Deeper:JPM expect a total of 100bps in cuts, having previously expected 75Analysts at the firm are wary of the trend in core inflation, saying its recent slowing may be the result of the dissipating of transitory factors and making the trend difficult to discern: They point to stronger wage data as a factor that cause some inflation “stickiness”. Say that the disruption…
© Reuters. FILE PHOTO: A worker shovels coal at a freight yard in Hefei, Anhui province, January 13, 2013. REUTERS/Stringer/FILE PHOTO BEIJING (Reuters) – China’s coal imports from Australia picked up in 2023 after a ban of nearly two years was lifted, but they remained below pre-ban levels as the supplier tries to regain market share from cheaper competitors Mongolia and Russia. China imported 52.47 million metric tons of Australian coal in 2023, customs data showed on Saturday, up from 2.86 million tons in 2022. China had imported 77.51 million tons of Australia coal in 2020, the last full year…
Negative risk vibes & fading rate cut positioning pushed USD up early, but the dollar lost momentum as traders’ focus shifted to a busy news flow & calendar from other areas. Source link
SlavkoSereda/iStock via Getty Images Crude oil edged higher in rangebound trading this week, as concerns about China’s economy dampened the effects of Middle East fighting. Analysts say slower than expected Q4 economic growth in China has renewed doubts about forecasts that demand there will drive global oil growth in 2024. Concerns about China figure prominently in the fundamental pessimism of an oil market that has relied on geopolitical developments to eke out gains, CIBC Private Wealth energy trader Rebecca Babin said. Meanwhile, the International Energy Agency said this week it expects an amply supplied market this year and raised its…
Share: AUD/USD gains 0.34% on positive sentiment, defying a negative housing market report impact. Neutral bias with an upside tilt; breach of 200-DMA at 0.6579 may target 0.6600 and 0.6639. Downside risks include 200-DMA at 0.6579 and the January 17 low of 0.6523 before testing 0.6500. The Australian Dollar (AUD) registers solid gains from the US Dollar (USD) amid an upbeat market mood following the release of an improvement in consumer sentiment and a bad housing market report. At the time of writing, the AUD/USD exchanges hands at 0.6373, gains 0.34%. The daily chart portrays the pair as…
Share: US indexes climbed on Friday, led by chip makers. Investors have pivoted to tech shares to shake off Fed rate tantrum. Markets go haywire as the US Dollar, US equities, and Treasury yields all rise. The Standard & Poor’s drove to a new all-time high of $4,839.58 on Friday as equities broadly rallied as investors pile into future earnings bets on large-cap tech stocks, with chip-makers loosely associated with AI tech projects leading the charge. Money markets are broadly shaking off months of begrudgingly giving up ground on rate cut expectations from the Federal Reserve (Fed). According…
PAC–Grupo Aeroportuario del Pacífico, S.A.B. de C.V.AUKNY–Auckland International Airport LimitedASR–Grupo Aeroportuario del Sureste, S. A. B. de C. V.OMAB–Grupo Aeroportuario del Centro Norte, S.A.B. de C.V.CAAP–Corporación América Airports S.A. Source link
The safe-haven U.S. dollar dominated the FX scene early in the week as major central bankers fought against aggressive interest rate cut bets and traders had to reprice their expectations. Meanwhile, escalating tensions in the Middle East, a surprise draw in EIA’s crude oil stockpiles, and rosy OPEC projections kept crude oil prices supported even amidst global growth concerns. 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