Author: FX
Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Forecast: Reversal Possible; Setups on EUR/USD, USD/JPY, GBP/USDThe U.S. dollar strengthened against its top peers on Tuesday, supported by higher U.S. Treasury yields, as markets tempered bets for a March interest rate cut, with odds of the event falling below 59% from 77% just one day ago.The move was reinforced after Fed Governor Christopher Waller said the FOMC does not need to ease its stance as quickly as in the past, a sign that…
Colleen Michaels/iStock via Getty Images RBC Capital Markets upgraded Centerspace (NYSE:CSR) stock to Outperform from Sector Perform in a recent note as strength in the REIT’s multi-family markets has been underappreciated by investors. The North Dakota-based company’s “markets have been leading the apartment group in performance for some time given better affordability and supply dynamics, which should give CSR a chance to lead the group in 2024 rent growth,” analyst Brad Heffern wrote in a note. The stock, however, doesn’t reflect the robust performance, carrying the lowest valuation in Heffern’s coverage across all metrics. “While some might blame this on…
Japanese Yen (USD/JPY) Analysis Recommended by Richard Snow Get Your Free JPY Forecast Japanese Yen Fails to Appreciate Ahead of Crucial CPI Data and Wage NegotiationsThe Japanese Yen has eased once more, as the urgency for a policy pivot from the Bank of Japan (BoJ) wanes. A Tokyo based CPI report earlier this month pointed towards inflation rising at a slower rate for data collected in December – a sign that the country wide measure may also show signs of cooling. Japanese CPI is due late on Thursday evening (23:30 UK time)The constructed proxy for Japanese Yen performance (equal-weighted average…
2/2 © Reuters. FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein/File Photo 2/2 (Reuters) – Grocers Kroger (NYSE:) and Albertsons (NYSE:) said on Monday that they plan close the proposed $24.6 billion merger in the first half of Kroger’s fiscal 2024 instead of early 2024. The merger, first announced in October 2022, has drawn the ire of U.S. lawmakers and an investigation by the Federal Trade Commission due to antitrust concerns, with worries piling up that the deal would lead to higher prices for consumers, store closures and loss of…
Gold Price Analysis and ChartsCME rate probabilities are now showing a potential seven rate cuts next year.Gold remains stuck below resistance for now.Download our Complimentary Q1 2024 Gold Technical and Fundamental Forecast Recommended by Nick Cawley Get Your Free Gold Forecast Most Read: Gold Price weekly Forecast: Gold Rallies on US Rates, Geopolitical WorriesThe latest look at the CME FedWatch Tool shows market expectations of seven, quarter-point interest rate cuts next year, starting at the March 20th meeting. While the December cut is looking like a coin toss, the fact that markets continue to price an aggressive loosening of US…
Headlines:Markets:USD leads, AUD lags on the dayEuropean equities lower; S&P 500 futures down 0.4%US 10-year yields up 6.2 bps to 4.012%Gold down 0.8% to $2,038.94WTI crude up 0.5% to $73.07Bitcoin up 0.8% to $43,042It was one-way traffic in European trading today as the dollar surged higher against the rest of the major currencies bloc.The return of the Treasuries market from the long weekend sees yields jump higher and that is helping to underpin the greenback today. Adding to that is the continued pushback by ECB policymakers on any imminent rate cuts, although that remains more of a he says, she…
Share: The Euro extends its reversal as the safe-haven US Dollar appreciates. Cooling hopes of interest rate cuts and growing geopolitical risks have crushed investors’ appetite for risk. ECB policymakers and German CPI figures push back monetary easing expectations. The Euro (EUR) is under increasing bearish pressure on Tuesday. The risk-averse sentiment – with investors paring back hopes of rate cuts in 2024 – and the explosive situation in the Middle East, are rushing traders into safe assets and weighing on the common currency.The hawkish comments from the European Central Bank (ECB) Governor François Villeroy de Galhau, playing…
Euro Analysis (EUR/USD, EUR/GBP) Recommended by Richard Snow Get Your Free EUR Forecast German inflation rose to 3.7% in December, up from the prior 3.2% in November. The HICP measure rose to 3.8%, up from 2.3% in November. The rise in the data was preceded by numerous warnings by prominent ECB officials that it is way too early to be talking about rate cuts and that interest rates are required to remain restrictive for as long as is necessary.Customize and filter live economic data via our DailyFX economic calendarEUR/USD Hints at a Directional Move after Period of ConsolidationEUR/USD trades sharply…
Warning: ESLOY is at high risk of cutting its dividend Source link
BAGHDAD (Reuters) – Three armed drones were shot down on Tuesday over Erbil airport in northern Iraq, where U.S. and other international forces are stationed, Iraqi Kurdistan’s counter-terrorism service said. A statement from the service did not say if there were any casualties or damage to infrastructure. Tuesday’s attack came hours after Iran’s Revolutionary Guards said they had attacked a purported “spy headquarters” of Israel’s Mossad foreign intelligence service in Iraq’s semi-autonomous Kurdistan region. The counter-terrorism service said in a statement the drones were intercepted and shot down at around 5:05 a.m. local time. There was no immediate claim of…