Author: FX

© Reuters. FILE PHOTO: U.S. Vice President Kamala Harris attends an infrastructure event addressing high speed internet in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., June 3, 2021. REUTERS/Evelyn Hockstei WASHINGTON (Reuters) – Vice President Kamala Harris on Saturday will mark the Jan. 6, 2021, attacks on the U.S. Capitol with remarks in South Carolina, where the state’s Feb. 3 Democratic primary will be held on Feb. 3. Harris will speak on the anniversary of the deadly attacks, after Biden offered scathing criticism of Republican frontrunner Donald Trump’s actions that day in…

Warning: KYOCY is at high risk of cutting its dividend Source link

This article is exclusively devoted to scrutinizing the fundamental profile of the euro. For a detailed look at the common currency’s technical outlook and price action signals, download the complete Q1 forecast. Recommended by Richard Snow Get Your Free EUR Forecast Euro Poised for a Mixed First QuarterThe euro is likely to exhibit mixed fortunes in Q1 of 2024 as the currency appears on track to register gains against the US dollar but could lose out against sterling and particularly against the yen. Economic data provides green shoots of hope into 2024 if the EU can avoid a recession like…

© Reuters. VinFast CEO Le Thi Thu Thuy speaks to VinGroup founder and Chairman Pham Nhat Vuong at a VinFast event in Nha Trang, Vietnam April 9, 2022, Picture taken April 9, 2022. REUTERS/Kevin Krolicki/File Photo HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast (NASDAQ:) on Saturday named its founder and biggest financial backer Pham Nhat Vuong as chief executive as it plans an ambitious overseas expansion and ramps up sales via dealerships. Vuong, 55, replaces Le Thi Thu Thuy, who held the post since late 2021, VinFast said in a statement. The company named Nguyen Lan Anh as…

This article is dedicated to examining Bitcoin’s Q1 technical outlook. For more profound insights into the fundamental factors that will shape the trend for cryptocurrencies in the coming months, download DailyFX’s all-inclusive first-quarter trading guide. Recommended by Nick Cawley Get Your Free Bitcoin Forecast Bitcoin Technical OutlookBitcoin had a strong performance this year, rallying from an opening level of around $16.6k to a recent high of $44.7k with little in the way of notable pullbacks along the way. The strong bottoming-out pattern between November 2022 and January 2023 prompted a wave of higher lows and higher highs throughout the year,…

SlavkoSereda/iStock via Getty Images Crude oil futures rose this week, helped by increased tensions in the Middle East that have caused major shipping companies to divert vessels away from the Red Sea, as well as production disruptions in Libya. The geopolitical risks are offsetting bearish U.S. stockpile data that showed “massive” increases in gasoline and diesel inventories, signaling sluggish demand for oil products. World oil demand rose by 1.3M bbl/day in December, the slowest pace in nine months and 200K bbl/day below expectations, as industrial fuel use slowed and a warm winter cut heating needs, J.P. Morgan analysts said Friday.…

In the fast-paced world of financial markets, accurate timing is crucial for success. Traders need to keep a sharp eye on various global markets, each operating in different time zones. This is where the Time Zone MT5 Indicator comes into play, serving as an invaluable tool that can significantly enhance trading strategies. In this article, we will explore the Time Zone MT5 Indicator, its features, benefits, and how traders can harness its power to make informed decisions. Understanding Time Zones in Trading Before diving into the details of the Time Zone MT5 Indicator, let’s briefly go over the importance of…

The British pound was king of pips this week, edging out the U.S dollar who fell from the top spot in the final moments of trade due to weak U.S. updates on Friday. On the other end of the spectrum, the Japanese yen lost big as traders heavily reduced bets that the Bank of Japan (BOJ) will ditch its easy monetary policies in 2024. AUD and NZD took heavy hits from the overall risk-averse trading environment while European currencies like EUR and CHF managed to recoup some of their early week losses but closed the week mixed. This…

Share: EUR/USD whipped in hectic Friday action following Eurozone inflation, US labor data. European inflation continues to hamper the ECB, while US jobs data beat the street. EUR/USD wraps up the week near 1.0940. The EUR/USD fell to a three-week low on Friday after European inflation rebounded higher in December, with the Eurozone Harmonized Index of Consumer Prices (HICP) for the year ended December climbing to 2.9% versus November’s YoY 2.4%. Markets were expecting a print of 3.0%, but higher inflation of any amount reduces the chances of the European Central Bank (ECB) cutting interest rates to reduce…

Share: DXY Index retreats after the latest string of US data holds onto weekly gains United States NFPs from December were higher than expected, as well as Average Hourly Earnings, while the Unemployment Rate stood at 3.7%. The Services ISM PMI from the same month was disappointing. The US Dollar (USD), represented by the Dollar Index, is currently trading just above 102.40 with slight losses due to the markets adjusting dovish bets post the release of December’s Nonfarm Payrolls (NFP) and the ISM PMIs.  From indications in the last 2023 Federal Reserve meeting, a dovish stance was apparent. The…