Author: FX

5/5 © Reuters. Families of passengers from both China and Malaysia, who were aboard the missing Malaysia Airlines flight MH370, are seen during a remembrance event commemorating the 10th anniversary of its disappearance, in Subang Jaya, Malaysia March 3, 2024. REUTERS/H 2/5 SYDNEY (Reuters) – Malaysia is willing to re-open an investigation into one of the world’s greatest aviation mysteries, the disappearance of Malaysia Airlines MH370 in 2014, if there is compelling new evidence, Prime Minister Anwar Ibrahim said on Monday. Malaysia, along with Australia and China, ended in January 2017 a fruitless two-year, $130-million underwater hunt for the Boeing…

Market players have a lot to watch out for this NFP week, including a couple of major central bank decisions and Australia’s quarterly GDP. Speeches by Fed head Powell might shake things up as well, along with leading U.S. jobs indicators like the ISM services PMI. How do you think major currencies might fare this time? 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

EUR/AUD just pulled back after making new 2024 highs! How low will the pair go before the bulls step back in? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the euro and the Australian dollar, then it’s time to check out the economic calendar and stay updated on daily fundamental news! EUR/AUD 4-hour Forex Chart by TradingView If your research points you to the euro gaining traction ahead of and after the European Central Bank (ECB)’s policy decision, then you can take a closer look at…

Premier Li Qiang will not hold a press conference at the conclusion of the NPC conference on March 11.Li will unveil his China’s economic growth target at the annual NPC session on Tuesday, tomorrow. The growth target is expected to be “around 5%”. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Share: Gold price pauses after last week’s strong positive move to a fresh YTD top. Slightly overbought RSI on the daily chart acts as a headwind for the metal. Traders also seem reluctant ahead of this week’s key US data/event risks. Gold price (XAU/USD) is seen oscillating in a narrow range during the Asian session on Monday and consolidating last week’s strong gains to the $2,088-2,089 region, or its highest level since December 28. The US Dollar (USD) continues to be undermined by the disappointing release of the US ISM survey on Friday, which showed that manufacturing sector…

Drew Angerer/Getty Images News Update 9:50pm: Adds Macy’s, investor comment. An investor group bidding to acquire Macy’s (NYSE:M) raised its offer by about $1 billion after the department-store chain rejected a prior proposal as too low. Arkhouse Management and Brigade Capital Management offered to buy the Macy’s (M) shares they don’t already own for $24 each, or $6.6 billion, Macy’s and the investor group confirmed in statements on Sunday. Macy’s board will “carefully review” and evaluate the latest proposal Consultation with its financial and legal advisors, the retailer said in a statement. The group in December had offered $21 a…

© Reuters. FILE PHOTO: A woman works in a restaurant in Bangkok, Thailand September 11, 2023. Thailand’s new government approved a raft of policies to lower the cost of living, suspend farmers’ debts, draw more tourists and boost incomes. REUTERS/Jorge Silva/File Ph BANGKOK (Reuters) – Thailand’s employment rose 1.7% in the final quarter of 2023 from a year earlier, helped by the tourism sector, after a 1.3% year-on-year increase in the previous quarter, the state planning agency said on Monday. Jobs in the hotel and restaurant sector rose 8% annually in the final quarter of 2023 as the number of…

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: EUR/USD trades on a stronger note near 1.0845 in Monday’s early Asian session.  Several Fed officials said the timing of interest-rate cuts will depend on incoming economic data.  The ECB is expected to leave interest rates on hold at its March meeting on Thursday.  The EUR/USD pair kicks off the new week on a positive note during the early Asian trading hours on Monday. The uptick of the major pair is supported by the weaker US Dollar (USD). Investors will closely watch the European Central Bank (ECB) monetary policy meeting on Thursday, with no change in rate…

GitLab (NASDAQ:GTLB) is scheduled to announce Q4 earnings results on Monday, March 4th, after market close. The consensus EPS Estimate is $0.08 (+366.7% Y/Y) and the consensus Revenue Estimate is $158.26M (+28.8% Y/Y). Over the last 2 years, GTLB has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 18 upward revisions and 0 downward. Revenue estimates have seen 17 upward revisions and 1 downward. Source link