Author: FX
Share: Indian Rupee remains firm ahead of the FOMC meeting. The Reserve Bank of India (RBI) MPC decided to keep the rate steady at 6.50% at its December meeting. Investors will closely monitor the US inflation data ahead of the FOMC interest rate decision. Indian Rupee (INR) kicks off the new week on a positive note on Monday as traders await the key US event. On Friday, the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) decided to keep the interest rate unchanged at 6.50% while raising its growth forecast for the current fiscal year to 7% from 6.5% earlier. RBI’s Das said…
As the holiday season draws near, the quest for the perfect gift intensifies. While traditional presents undoubtedly have their allure, an emerging trend has seen an increasing number of individuals considering financial gifts like Gold as a pragmatic and thoughtful alternative. As the spotlight turns to the practicality and significance of offering financial gifts, let’s take a look at some of the most popular ones and why Gold might be the best option in 2023. Financial gifts stand out as a thoughtful, timeless, and genuinely valuable choice for holiday presents A financial or investment gift involves giving someone an asset…
3/3 © Reuters. People walk near tent camps where displaced Palestinians, who fled their houses due to Israeli strikes amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, take shelter in Rafah in the southern Gaza Strip, December 9, 2023. R 2/3 By Nidal al-Mughrabi and Bassam Masoud GAZA/CAIRO (Reuters) – Israeli tanks were trying to push further west in their battle against Hamas in and around Khan Younis on Monday, as they met resistance amid intense combat in a war that has now entered its third month and with no end in sight. The fighting in…
In the fast-paced world of financial markets, traders are constantly seeking an edge to make informed decisions. One such tool that has gained prominence in recent years is the Breakout Pattern MT4 Indicator. This technical analysis tool has become indispensable for traders looking to identify potential breakout opportunities and make profitable trades. In this article, we will delve into the intricacies of the Breakout Pattern MT4 Indicator, exploring its features, applications, and how traders can harness its power for successful trading. Understanding Breakout Patterns Before we dive into the details of the MT4 Indicator, let’s grasp the concept of breakout…
ICYMI – On Friday China’s General Administration of Customs showed crude imports fell 10% from October to a four-month low in November.The data from China Customs doesn’t include China’s domestic oil production in November; China’s National Bureau of Statistics (NBS) is expected to publish this data this week. Via S&P Global on the drop in imports:suggested the state-run refineries cut their crude imports as their average utilization rate fell to a five-month low of 81.3% amid slow domestic demandIn December, Sinopec and PetroChina are more likely to keep their crude imports stable or even reduce them in order to avoid…
ozgurdonmaz/iStock Unreleased via Getty Images A private equity group has made a $5.8B offer to take Macy’s private. The offer from Arkhouse Management and Brigade Capital Management values the long-time department store chain at $21 per share, The Wall Street Journal reported. The two firms already own some Macy’s (NYSE:M) stock. Given Macy’s (M) closing price of $17.39 on Friday, the offer is a ~21% premium to that close. The newspaper said that the offer was made on Dec. 1 and the company’s board has met to discuss it, though there is no word on how the board is leaning.…
Share: S&P 500 had little second thoughts on NFPs, and rebounded in yet another soft landing celebration. You could rightfully say that the job market didn‘t show any signs of slowdown Friday with participation rate increasing and unemployment rate retreating – that‘s a bit of contradiction of weak Wednesday‘s JOLTS data, but still good enough for considering orderly slowdown in economic activity as inflation keeps declining – I‘m looking for Tue CPI to come in on the cooler side at either 3.1% or 3.2%. Just where do those Mar rate cut projections come from, is a bit puzzling…
AndreyPopov Cigna (NYSE:CI) and Humana (NYSE:HUM) have reportedly scrapped plans to merge after being unable to agree on financial terms, including price. Cigna will instead seek out bolt-on acquisitions and conduct a major stock buyback, according to The Wall Street Journal. The Journal first reported the companies were in merger talks late last month. Investors failed to embrace the idea of a merger, with Cigna shares dropping 8% following news of an impending deal and trending lower since. Humana shares have also taken a significant hit. The newspaper said Sunday that the proposed merger deal would have had Cigna acquiring…
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Our forex strategists arguably had a net effective with USD/CAD, bitcoin and the S&P 500 moving inline with their discussion biases. Source link