Author: FX
Cooler U.K. wage growth has weighed on the British pound today! Will the report’s release lead to GBP/CHF extending its downtrend? Source link
US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher, and the Dot Plot showed that the FOMC still expects another rate hike by the end of the year with less rate cuts projected in 2024.Fed Chair Powell reaffirmed their data dependency but added that they will proceed carefully. The US CPI last week beat expectations on the headline figures, but the core measures came in line with forecasts and the market’s pricing barely changed. The labour market remains fairly solid as seen once again last week with the beat in Jobless Claims,…
Share: EUR/NOK has spiked back above 11.50. Economists at ING analyze the pair’s outlook. The global bond sell-off is negative for NOK Norges Bank is set to deliver another hike in December. That should be the last one but, if NOK depreciates, NB can easily add more tightening: the domestic economic picture isn’t worrying. The global bond sell-off is negative for NOK, and while tighter monetary policy helped ease the pain, the recent Oil price correction left the Krone without a floor. Also, daily FX sales will remain high into year-end, and NOK downside risks remain tangible before…
© Reuters. FILE PHOTO: Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo SYDNEY (Reuters) – Australian Prime Minister Anthony Albanese said on Tuesday he remained “very hopeful of a breakthrough” in a trade dispute with China over wine tariffs, as a deadline for the publication of a World Trade Organization ruling nears. The complaint over China’s tariffs on Australian wine, which halted a billion-dollar export trade, was lodged at the World Trade Organization (WTO) by Australia in 2021, with a dispute panel extending its investigation a year…
sanjeri/E+ via Getty Images Activist investor Starboard has amassed a more than 5% stake in contract-research organization Fortrea Holdings (NASDAQ:FTRE). The activist investor is expected to push for changes at the company that could boost its margins, according to a WSJ report that cited people familiar with the matter. The stake is expected to be disclosed in a regulatory filing on Tuesday. Fortrea (FTRE), which was recently spun off from Laboratory Corp. (LH), has a market cap of $2.6 billion. Labcorp spun out Fortrea as an independent contract research organization on June 30. News of the Fortrea (FTRE) stake comes…
Howard Marks is a legend, sure. And media outlets are gushing over his latest memo titled:Further Thoughts on Sea ChangeMarks wrote his original “Sea Change” memo in December 2022 saying that, in a nutshell:the changes I described in Sea Change aren’t just usual cyclical fluctuations; rather, taken together, they represent a sweeping alteration of the investment environment, calling for significant capital reallocation.His updated ‘Further thoughts …’ memo recommends, again in a nutshell:credit securities are likely a much better risk-adjusted investment than equities at the momentit may be prudent for investors to reallocate their capital accordingly, particularly into high-yield bondsLike I…
Share: Spot Gold took an early dip in Monday trading, testing into $1,908 before recovering alongside the rest of the market. Investor sentiment has broadly returned to risk-on after last week’s souring. XAU/USD has flattened out heading into a hectic Tuesday trading session. Spot Gold prices took an early tumble from the week’s opening bids, sliding from Monday’s $1,933, declining into $,1908 in early Monday trading before XAU/USD recovered investor sentiment alongside the broader market. Last week saw investor risk appetite get snarled on the escalation of the Israel-Hamas conflict the weekend before last. Geopolitical concerns weighed on…
Elys Game Technology says Nasdaq Hearings Panel decides to delist co's shares Source link
AUD/USD OUTLOOK:AUD/USD rebounds following last week’s sell-offThe rally in U.S. equities boosts appetite for riskier currenciesDespite today’s moves in FX markets, geopolitical tensions in the Middle East create a challenging backdrop for the Australian dollar Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: EUR/USD Perks Up After Selloff but Geopolitics Create Risks. How?After a steep sell-off late last week, the Aussie rebounded against the U.S. dollar, boosted by optimistic sentiment, with the upswing in Wall Street’s equity markets providing support to more risk-oriented currencies.…
© Reuters. Snow covers vehicles including a Zipcar, following significant snowfall overnight in Toronto, Ontario, Canada December 12, 2016. REUTERS/Hyungwon Kang/File photo (Corrects date of acquisition to May 2013 from May 2023 in paragraph four) By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said on Monday car-sharing firm Zipcar has agreed to pay a $150,000 fine after a government investigation found it allowed customers to rent vehicles with uncompleted recalls. Zipcar could be forced to pay another $150,000 if it does not comply with the terms of the settlement with the National Highway Traffic Safety Administration (NHTSA) following a…