Author: FX

Bitcoin (BTC), Ethereum (ETH) – Prices, Charts, and Analysis:Bitcoin posts a fresh all-time high.Ethereum continues to rally but still lags Bitcoin. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Bitcoin continues to press higher, making fresh all-time highs in the process. The largest cryptocurrency by market capitalization is up just over 92% since the January 23 swing low ($38.55k), with the move higher driven by ongoing spot ETF buying. Blackrock, the world’s largest asset manager, now holds approximately 204k Bitcoin – current value $14.97 billion – despite their spot ETF being less than two months old. This…

Share: The Swiss Franc is forecast to fall as the Swiss National Bank (SNB) drops its strong FX policy.  The central bank had previously strengthened the Franc as a means of subduing inflation.  The SNB is jettisoning the approach as it considers the CHF is “too strong” for Swiss exporters.   The Swiss Franc (CHF) trades in a range in the upper 0.8700s against the US Dollar (USD) on Wednesday. Overall the outlook is not particularly positive for the Swiss Franc given the policy stance of its central bank, the Swiss National Bank (SNB), which does not want…

Crude Oil Prices and AnalysisUS benchmark crude is closing in on $79/barrel againOPEC has stuck with its relatively bullish medium-term demand forecastsUS stockpiles unexpectedly shrank last weekLearn how to trade oil with our complimentary trading guide Recommended by David Cottle How to Trade Oil Crude Oil Prices rose sharply on Wednesday as the markets mulled over some rather bullish demand forecasts from the Organization of Petroleum Exporting Countries released in the previous session.The major producers’ group predicts substantial global oil demand growth in the years ahead. It stuck with its previous view that 2024 will see overall increases of 2.5…

It is often said that the odds of being consistently profitable and succeeding in the forex market are very slim, as more than 90% of traders are bound to face failure. Here are five common reasons why this usually happens: You don’t understand key indicators, ideal times to trade, and how the market works. Would you enter a battle without knowing how to use weapons or who your opponent is? When you place a trade, you literally go toe-to-toe against some of the biggest nerds in the industry. Many professional traders are not only super smart and Ivy League-educated, but…

imaginima/E+ via Getty Images Residential swimming pools company Latham Group (NASDAQ:SWIM) was downgraded by Bank of America, citing weak new pool construction and higher decrementals. The stock was trading 23.78% down Wednesday pre-market at $2.50 after the ratings action, about 11% below its 200-day simple moving average. BoA lowered the recommendation on the stock to Underperform, and reduced the price target to $2.60 from $4.50. SWIM initiated the 2024 guidance with revenue expectations of between $490M and $520M, vs. consensus of $533.09M, and adjusted EBITDA guidance of $60M to $70M. The midpoint of the guidance range is roughly 8% and…

© Reuters. FILE PHOTO: A person with a shopping bag of Zalando outlet walks along Kurfuerstendamm shopping street looking for bargains on the second weekend of advent in Berlin, Germany, December 3, 2022. REUTERS/Lisi Niesner/File Photo By Linda Pasquini and Chiara Holzhaeuser (Reuters) -German online fashion retailer Zalando on Wednesday forecast a return to growth this year and said it was opening up its logistics business to more players, raising hopes of a boost to its performance and helping to lift its shares. The stock jumped as much as 18.5% after the company also said late Tuesday it would buy…

© Reuters. On Wednesday, CEMEX (NYSE:CX), a global leader in the building materials industry, received reaffirmation from Citi on its stock rating and price target. The firm maintained a Buy rating on the company’s shares, with a set price target of $9.00. The focus of the analyst’s comments centered around the anticipation of CEMEX Day, scheduled for March 20, where key messages are expected to be delivered by the company. The upcoming CEMEX Day is anticipated to highlight the company’s capital allocation strategy, with an emphasis on balancing growth opportunities and further debt reduction to align with industry standards, particularly…

© Reuters. U.S. President Joe Biden speaks to reporters upon his return to Washington, at Joint Base Andrews in Maryland, U.S., March 11, 2024, REUTERS/Kevin Lamarque By Andrea Shalal and Nandita Bose MILWAUKEE (Reuters) – U.S. President Joe Biden visited the political battleground state of Wisconsin on Wednesday after clinching the Democratic Party’s nomination, and focused on hunting for votes among suburban women, Black voters and Latinos across the Midwest. Biden announced over $3 billion in infrastructure investments in disadvantaged communities across 40 states, which will be funded through the bipartisan infrastructure law and the Inflation Reduction Act He said…

© Reuters. On Wednesday, Baird, a financial services company, raised its rating on shares of Texas Roadhouse (NASDAQ:) from Neutral to Outperform and increased the price target to $175 from $160. The upgrade comes despite the stock approaching all-time highs, with Baird’s analyst citing the potential for further growth. The analyst pointed to Texas Roadhouse’s standout same-store traffic performance and progress in improving profitability in 2024 as key factors for the upgrade. These elements are expected to bolster positive investor sentiment and allow for premium valuation metrics on the company’s stock. The firm believes that these developments will support a…

© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris looks on from inside the House Chamber, ahead of U.S. President Joe Biden’s State of The Union Address on Capitol Hill in Washington, U.S., March 7, 2024. REUTERS/Tom Brenner/File photo By Trevor Hunnicutt WASHINGTON (Reuters) – U.S. Vice President Kamala Harris on Friday plans to gather rapper Fat Joe and several people pardoned by the Biden administration for marijuana-related convictions for a White House public discussion about criminal justice reform. The meeting comes as Harris, a Democrat, is tasked with convincing people of color and young voters to give President Joe…