Author: FX
Asian stock markets traded mixed, with China bourses underperforming after weaker than expected PMI reports that signal ongoing weakness, especially in the manufacturing sector. Treasuries meanwhile found buyers and the US 10-year rate is down -5.7 bp at 4.84%, while the 10-year Bund yield has dropped -3.3 bp to 2.79%. Stock futures are higher across Europe, but down in the US. China October PMIs missed expectations as factory orders contracts – CSI300 at -0.31%. USDJPY jumped to 150.24, after the Yen fell to 2-month lows as the BOJ made only minor changes to its policy…
If you’ve been watching USD/CAD this month, then you’ll know that the pair has been in an observable uptrend since bouncing from the 1.3600 handle a few weeks ago. But it looks like the bulls have been having a hard time breaking ceilings just under the 1.3900 psychological handle. In fact, USD/CAD is forming a potential Head and Shoulders pattern in the 1-hour time frame. Are USD/CAD traders gunning for a bearish reversal? USD/CAD 1-hour Forex Chart by TradingView A bit of profit-taking at the end of the month and ahead of this week’s BIG economic calendar events may incentivize…
© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Tuesday, while the yen slumped after the Bank of Japan maintained its ultra-dovish stance. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 106.122. Bank of Japan maintains dovish tone The was the first of this week’s major central banks to hold its policy-setting meeting earlier Tuesday, and it decided to keep interest rates negative, while only making minimal changes to its yield curve control policy. The central bank said it will allow…
Share: It was another rough week for the S&P 500 as the benchmark fell 2.5%, marking the second straight down week for the index. It was a bit of a head scratcher as major companies like Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT) and Intel (NASDAQ: INTC) all posted great earnings reports last week. With earnings from Apple (NASDAQ: AAPL) expected this week, among others, and the Federal Reserve meeting on interest rates, it should be an interesting week ahead. According to an analysis by Reuters, about half of the S&P 500 companies have reported their third-quarter earnings already,…
There will definitely be a lot to say, now especially as the Japanese yen has fallen in the aftermath of their policy decision today. But I reckon Ueda will continue to maintain that they do acknowledge firmer inflation developments but they’re not at a point yet to abandon easy policy altogether. Essentially, it should be a repeat of the language we’ve been hearing in recent months again. Source link
mladenbalinovac/E+ via Getty Images Zynex (NASDAQ:ZYXI) rose 2% amid a report that the medical device maker is evaluating its options, including a possible sale. The company is working with Cantor Fitzgerald to review its options, including a takeover, a merger, a divestiture, a recapitalization, or another transaction, according to a Bloomberg report, which cited people familiar. There’s no certainty that Zynex (ZYXI) will decide to pursue a deal, according to the report. Zynex has a market cap of $283 million. Source link
© Reuters. FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) -Consumer goods company Unilever (LON:) said on Monday its board had decided to freeze CEO Hein Schumacher’s fixed pay for the next two years, after his initial pay package was rejected by shareholders in May. The pay deal for Unilever’s directors, including Schumacher, was rejected at its annual general meeting with a near 60% majority. The board, which includes activist investor Nelson Peltz, had proposed…
You can stop wondering what the Bank of Japan is up to. The Nikkei posted this overnight:The Nikkei cited two unnamed sources. As background to this if the Nikkei writes a story like this then its as good as done. That’s my 2 cents, could be famous last words but I don’t think so. –Now that’s out of the way, here’s a background on the policy meeting. The Monetary Policy Board (MPB) is the main decision-making body for monetary policy in Japan:The MPB is composed of the Governor, two Deputy Governors, and six other membersThe board votes on the proposed…
USD/JPY has been the talk of the town as bulls try their hardest to sustain a break above the mythical resistance area at 150.00. Will they get another shot this week or will the bears break the uptrend? USD/JPY 4-Hour Forex Chart by TradingView USD/JPY is probably THE forex pair to watch this week with both the Bank of Japan and the Federal Reserve (don’t forget to check out Event Guide: FOMC Statement – November 2023!) giving their latest monetary policy statements, as well as the latest jobs update from the U.S. Those events will determine the level of volatility…
Greetings trading fiends! It’s going to be a busy week for equities with central bank events and earnings reports ahead! Will the volatility and fundies draw more sellers into the downtrend on NAS100, or will the bulls defend and push higher? NAS100 1-hour Chart by TradingView We’re gonna start the new week and close out the month of October with a fresh look at the Nasdaq 100 Index! Sellers have taken this over pair this month, fueled by high bond yields, geopolitical risks lifting risk aversion behavior, and bearish reactions to tech sector earnings. And it looks like volatility is…