Author: FX

2/2 © Reuters. File photo: Jaylani Hussein, Executive Director of CAIR-Minnesota, speaks in front of activists and protesters, as protests continue days after former police officer Kim Potter fatally shot Daunte Wright, in Brooklyn Center, Minnesota, U.S. April 15, 2021 2/2 By Andrew Hay (Reuters) – Muslim American leaders from six battleground states on Saturday vowed to mobilize their communities against President Joe Biden’s reelection over his support of Israel’s war in Gaza, but they have yet to settle on an alternative 2024 candidate. The states are among a handful that allowed Biden to win the 2020 election. Opposition from…

South_agency Bitcoin (BTC-USD) climbed 9.3% for the month of November, in a move that further buoyed bitcoin miners’ shares and their profitability prospects. These miners are in the business of receiving bitcoin (BTC-USD) as a reward for completing “blocks” of verified transactions by solving a complex math problem on the blockchain. So, all else equal, mining companies want to see rising BTC prices since that would bolster their top line. But, to ensure they are profitable, miners must keep the cost of equipment and electricity under control. Last month’s bitcoin (BTC-USD) rally was enough to offset the increase in the…

JONGHO SHIN/iStock via Getty Images The Industrial Select Sector (XLI) rose +2.26% for the week ending Dec. 1, while the SPDR S&P 500 Trust ETF (SPY) climbed +0.83%. XLI was among the 9 of the 11 S&P 500 sectors which ended the week in green. Year-to-date, XLI has gained +10.72%, while SPY has soared +20.05%. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +12% each this week. YTD, only 2 out of these 5 stocks are in the green. Plug Power (NASDAQ:PLUG) +30.84%. The Latham, N.Y.-based company’s shares…

© Reuters By Yasin Ebrahim Investing.com – Rate cut bets took a big leap forward this week, with a March cut now more likely than not as the deflationary winds are expected to continue to blow through the economy, forcing the Fed to pivot into easing mode to ensure the economic landing from the fastest pace of rate hikes in four decades is soft rather than unnecessarily bumpy. “We expect that the continued deceleration in inflation over the next few months will motivate the Fed to cut the funds rate 25 bps at the meeting on March 20,” Jefferies said…

GOLD OUTLOOK & ANALYSISFed Chair Powell ramps up dovish bets.US ISM services PMI and NFP under the spotlight next week.Overbought gold could be heading lower next week.Elevate your trading skills and gain a competitive edge. Get your hands on the Gold Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL FORECASTGold prices turned higher on Friday after US ISM manufacturing PMI’s disappointed followed by Fed Chair Jerome Powell providing some less aggressive messaging, possibly hinting at the peak of the Fed’s…

In the fast-paced world of financial markets, traders are always on the lookout for tools that can provide them with an edge. One such tool that has gained popularity among traders is the PZ Reversals Fractals MT5 Indicator. In this article, we will delve into the intricacies of this powerful indicator, exploring how it works and how traders can leverage its capabilities to make more informed trading decisions. Understanding the Basics of Fractals Before we dive into the specifics of the PZ Reversals Fractals MT5 Indicator, let’s take a moment to understand the concept of fractals in the context of…

Here’s a great chart from BMO showing the consistent jobs growth in the establishment survey compared to the household survey showing net job losses since June.On both charts, BMO highlights the slowing trend.On a 6-month moving average basis, this dragged the household survey’s payrolls growth to just 32k, and even the establishment survey’s 6-month moving average has slipped to effectively its lowest level since the pandemic. It’s no secret that labor is the benchmark lagging indicator, and as such, the trend in hiring holds marginally more weight than the outright level for monetary policymakers.The latest jobs report is due Friday,…

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

© Reuters ‘Send Bitcoin (BTC) to the Moon’: Arthur Hayes Awaits December Gifts U.Today – As December unfolds, , the former BitMex CEO, expresses his eagerness for what he playfully terms as “gifts” from an “old white man,” referring to the anticipation surrounding Fed Chairman Jerome Powell’s upcoming speech. In a spirited message, Hayes emphasized his desire for Powell to make a bold move by slashing interest rates and propelling to new heights. Hayes’ enthusiasm is not without cause. Historically, December has proven to be a bullish month for , particularly when preceded by positive closures in October and November.…

2/2 © Reuters. FILE PHOTO: Military vehicles manoeuvre next to a fence, as seen from the Israeli side of the border with Gaza, November 5, 2023. REUTERS/Ronen Zvulun/File Photo 2/2 By Samia Nakhoul, Ahmed Mohamed Hassan and Jonathan Saul DUBAI/CAIRO/LONDON (Reuters) -Israel has informed several Arab states that it wants to carve out a buffer zone on the Palestinian side of Gaza’s border to prevent future attacks as part of proposals for the enclave after war ends, Egyptian and regional sources said. According to three regional sources, Israel related its plans to its neighbours Egypt and Jordan, along with the…