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Westlake Corporation Q3 2023 Earnings Preview Source link
© Reuters. Hanneke Faber is set to lead Logitech (NASDAQ:) International as its new CEO effective December 1, 2023. Faber will initially be stationed at the company’s base in Switzerland before transitioning to Silicon Valley in 2024. Her appointment comes after the tenure of interim CEO Guy Gecht, who will continue his board responsibilities, including leading the Technology and Innovation Committee. Faber brings to the table extensive global leadership experience, having managed Unilever (LON:)’s $14 billion Nutrition business across more than 150 countries and a large global supply chain. She also held senior positions at Ahold Delhaize and was responsible…
WTI OIL PRICE, CHARTS AND ANALYSIS:WTI Struggling to Hold the High Ground Thanks in Part to a Resurgent US Dollar.Middle East Conflict to Remain a Critical Driver as it Continues to Underpin Oil Prices.EIA Inventories Rose Once More According to the Data.To Learn More About Price Action,Chart PatternsandMoving Averages, Check out theDailyFX Education Series.Most Read: Bitcoin (BTC/USD) Technical Outlook: Golden Cross Pattern Fails to Inspire Higher Prices, What Next?Crude Oil has bounced higher today of the 100-day MA as bears take a pause ahead of a raft of high impact data events and releases. An aggressive bounce leaves the possibility…
The US dollar is under pressure following a soft ISM manufacturing report.The main catalyst is the bond market as yields fall 7-10 bps across the curve. US 10-year yields have backed further away from 5%.US 10sThe Treasury announced new auction sizes for bonds today and 10-year sizes weren’t as large as feared. That’s triggered something of a FOMO rally in bonds, driving yields sharply lower. Adding to it is a soft ISM manufacturing report and lower-than-expected ADP employment data.The equity market is cheering lower yields with the S&P 500 up 0.7% and Nasdaq up 0.9%. That’s adding to a bid…
Share: USD/CAD finds offers near 1.3900 as oil price recovers strongly. The market mood remains risk-off ahead of Fed policy. In October, fresh US private payrolls were 113K, lower than expectations of 159K. The USD/CAD pair faces selling pressure near the round-level resistance of 1.3900 in the early New York session. The Loonie asset remains subdued as a strong recovery in oil prices has strengthened the Canadian Dollar. Oil prices recovered sharply as the Israeli defense forces (IDR) entered Gaza for a full-scale invasion, which is elevating fears of Iran’s intervention in the Israel-Palestine conflicts. If Iran intervenes,…
Like it or not, spending considerable time in the forex arena is bound to take over some aspects of your life. That’s not necessarily a bad thing. How many of these have you experienced? 1. You automatically think of the worst-case scenario. As forex traders, we’ve gotten used to anticipating potential factors that might invalidate a trade idea. Before opening positions, we normally look ahead to see if there are any events that could cause the price to move against our expectations so that the proper risk management strategies can be put in place. It’s not that we’re being pessimistic…
SeanPavonePhoto/iStock via Getty Images The Macau Gaming Inspection and Coordination Bureau reported on Wednesday that gross gaming revenue in the gambling region rose 400% year-over-year in October to $19.5B patacas ($2.42B) to top the consensus expectation for a gain of 392%. The monthly gross gaming revenue mark was also 30.6% higher from the level seen in September and the strongest since the very start of the pandemic. October GGR was 74% of the pre-pandemic level seen in 2019. The strong monthly GGR tally was tied to robust traffic levels during the eight-day Golden Week holiday in early October, as well…
Japanese Yen Prices, Charts, and AnalysisThe USD/JPY line in the sand has been crossedFOMC decision will steer USD/JPY in the short-term Recommended by Nick Cawley Get Your Free JPY Forecast The Japanese Yen is less than one point away from trading at its weakest level against the US dollar in over thirty-three years, as the Bank of Japan continues with its ultra-dovish monetary policy. The Japanese central bank was seen intervening in the bond market today as JGB 10-year yields came close to trading at 1%, a level now seen as a reference point for intervention, not a hard ceiling.Japanese…
© Reuters. By Chibuike Oguh NEW YORK (Reuters) – Apollo Global Management (NYSE:) Inc said on Wednesday that its third-quarter adjusted net income jumped nearly 23% year-on-year amid strong growth in management fees and earnings from its retirement services business. Apollo’s adjusted net income rose to $1.05 billion from $850 million a year earlier. That resulted in adjusted net income per share of $1.71, which missed the average analyst estimate of $1.77, according to LSEG data. Fee-related earnings rose 29% to a quarterly record $472 million driven by increased management fees from Apollo managing more assets. Total assets under management…
Prior 44.9 This article was written by Justin Low at www.forexlive.com. Source link