Author: FX

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…

USD/JPY PRICES, CHARTS AND ANALYSIS:Most Read: S&P 500 and Gold (XAU/USD) Take Diverging Paths Ahead of a Raft of Data ReleasesThe Yen has put in two consecutive days of gains against the greenback for the first time since August. A sign of the pressure the Japanese currency has been under for a large part of Q3 and Q4 thus far. Markets have been waiting with bated breath for the threat of FX intervention to materialize which has kept USDJPY bereft of a clear direction.Elevate your trading skills and gain a competitive edge. Get your hands on the Japanese Yen Q4…

It’s FOMC statement time and once again, expectations are high that there will be no changes to interest rates. Here are major points you need to catch up on if you’re planning on trading the event: Event in Focus: Federal Open Market Committee (FOMC) Monetary Policy Statement When Will it Be Released: November 1, 2023, Wednesday: 6:00 pm GMT Fed Chairman Powell will conduct a presser 30 minutes later. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Fed is expected to hold the Fed Funds target range at 5.25% – 5.50% range (CME…

Share: S&P 500 loses 2.53% in final full week of October, its second consecutive week of +2% decline. Morgan Stanley’s Mike Wilson reiterates call for S&P 500 to fall another 5% to close year at 3,900. S&P 500 RSI drops to oversold territory at 29 last Friday. Fed FOMC meeting on Wednesday expected to keep rates unchanged. Apple, Starbucks, Caterpillar, Pfizer and Airbnb all report earnings this week. The S&P 500 index gained 1.2% on Monday as the market took interest in battered down share prices following two consecutive weeks of greater than 2% losses. The NASDAQ Composite rose 1.16%, while…

SolarBank GAAP EPS of C$0.06, revenue of C$18.4M Source link