Author: FX

It’s the first full trading week of the month and you know what that means – it’s NFP week, yo! Which calendar events are traders most looking forward to and what are they expecting from the releases? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: Source link

This will be the first in-person summit between China and EU leaders since 2019. We will see Charles Michel, Ursula von der Leyen and Josep Borrell representing the EU while China will be represented by Xi Jinping and Li Qiang.The summit is expected to last for two days with the EU stating that they want to discuss “the state of EU-China relations and international issues, including Russia’s war of aggression against Ukraine and the situation in the Middle East”. Source link

Share: Gold price gains strong positive traction on Monday and spikes to a fresh all-time peak. The cautious market mood, along with dovish Fed expectations, benefits the XAU/USD. Overstretched conditions on the daily chart, reviving USD demand prompt profit-taking. Gold price (XAU/USD) builds on its recent strong rally witnessed over the past three weeks or so and surges to a fresh record high, around the $2,144-2,145 region during the Asian session on Monday. The precious metal, however, surrendered a major part of its intraday gains and currently trades below the $2,100 mark, still up around 0.70% for the…

© Reuters. FILE PHOTO: The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File Photo HONG KONG (Reuters) – A lawyer for embattled property developer China Evergrande (HK:) Group on Monday sought adjournment of a Hong Kong court’s hearing of a liquidation petition, saying no creditors were “actively seeking” a winding up. Evergrande, the world’s most indebted property developer with more than $300 billion of total liabilities, defaulted on its offshore debt in late 2021 and became the poster child of a debt crisis that has since engulfed…

In the fast-paced world of financial markets, staying ahead of the curve is essential for traders and investors alike. This article delves into the fascinating realm of the Brilliant Reversal MT4 Indicator, a tool that has been making waves in the trading community for its remarkable ability to predict market reversals accurately. We’ll explore its features, benefits, and how to effectively incorporate it into your trading strategy. Understanding Market Reversals Before we dive into the specifics of the Brilliant Reversal MT4 Indicator, let’s first grasp the concept of market reversals. A market reversal occurs when the direction of an asset’s…

China’s health authorities have recommended reducing large gatherings in public places.China’s National Health Commission (NHC) held a press conference on Saturday.Via Chinese Communist Party media outlet Global Times:acute respiratory diseases that are currently prevalent in China are all caused by known pathogensno new infectious diseases caused by new virus or bacteria have been detectedNHC has required all types of medical institutions at all levels to fully open pediatric outpatient services:required to increase the number of midday, evening, and weekend outpatient services, extend service hours, expand hospital bed capacity, and continuously optimize … medical processes to facilitate people’s seeking medical treatmentNational…

Mohammed Haneefa Nizamudeen/iStock via Getty Images Piper Sandler said it expects upcoming results from a Novo Nordisk (NVO) study of its weight-loss drug semaglutide in the treatment of osteoarthritis to be “mediocre” and demand for knee and hip replacements to increase near-term as more patients qualify for surgery due to weight loss. The investment bank said in a recent note that the Novo Nordisk Phase 3 study, called STEP 9, will likely show that some osteoarthritis patients who took semaglutide felt less joint pain due to reduced strain on their joints. However, it doesn’t believe the results would have a…

DaveAlan/iStock Unreleased via Getty Images Alaska Air (NYSE:ALK) said Sunday it agreed to acquire Hawaiian Airlines (HA) for $18/share in cash, valuing the transaction at ~$1.9B including debt. The companies said the combination of complementary domestic, international and cargo networks would enhance competition and expand choice for consumers on the U.S. west coast and the Hawaiian Islands. Alaska Air (ALK) said $235M of expected run-rate synergies reflect a conservative estimate of the deal’s synergy potential. The company also expects the deal will generate high single digit earnings accretion within the first two years and high teens thereafter, and mid-teens return…

© Reuters. File photo: Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S., April 28, 2020. REUTERS/Marco Garcia/File pho (Reuters) – Alaska Air (NYSE:) said on Sunday that it has entered an agreement to acquire Hawaiian Airlines for $1.9 billion. Source link

Most Read: US Dollar’s Path Linked to US Jobs Report, Setups on EUR/USD, USD/JPY, GBP/USDVolatility spiked across many assets last week, producing notable breakouts and breakdowns in the process. First off, U.S. Treasury yields plummeted across the board, with the 2-year yield sinking below its 200-day simple moving average and reaching its lowest level since early June at 4.54%.Falling U.S. bond yields, coupled with bullish sentiment on Wall Street, boosted stocks, pushing the Dow Jones 30 above its July peak and close to its all-time high. The Nasdaq 100 also advanced, but failed to take out overhead resistance near 16,100.The…