Author: FX

Sundry Photography Amazon.com (NASDAQ:AMZN) will invest up to $4B in San Francisco-based artificial intelligence (AI) startup Anthropic, and pick a minority stake in the company as the two parties collaborate to advance generative AI. The companies said will bring their technology and expertise in safer generative AI to accelerate the development of Anthropic’s future foundation models and make them widely accessible to Amazon Web Services, or AWS, customers. AWS will become Anthropic’s main cloud provider for mission critical workloads, including safety research and future foundation model development. The AI-focused startup intends to run the majority of its workloads on AWS.…

© Reuters. FILE PHOTO: Bank of Japan Governor Kazuo Ueda speaks at a group interview with media in Tokyo, Japan, May 25, 2023. REUTERS/Kim Kyung-Hoon/File Photo By Leika Kihara OSAKA (Reuters) -Bank of Japan Governor Kazuo Ueda said there was “very high uncertainty” over whether companies would continue raising prices and wages, stressing anew the bank’s resolve to maintain ultra-loose monetary policy. He also offered a cautious take on the overseas economic outlook, warning of the fallout from aggressive U.S. interest rate hikes and sluggish growth in the Chinese economy. The key to the outlook for monetary policy is whether…

With a couple of Eurozone data events on tap, you can bet that we’re looking at EUR pairs today! EUR/USD looks ready to extend a longer-term trend after a short consolidation. What do you think of the pair’s 1-hour setup? EUR/USD 1-Hour Forex Charts by TV If you’ve just tuned in the financial markets today, you should know that traders are generally leaning bearish while they wait for fresh market catalysts. EUR/USD, in particular, is ranging tightly between the 1.0620 – 1.0680 levels ahead of the German IfO business survey and ECB President Lagarde’s testimony in Brussels. We don’t have…

Goldman Sachs on US equities. “We are in the middle of the worst seasonal equity period of the year right now for the market to close out Q3. Since 1928, the median SPX return for the last 10 out of 11 days in September is negative. In addition, Monday is holiday and potential long weekend (lower volumes). This dynamic improves as we move in October, see NDX for example”—Can someone fill me in on ‘Monday is a holiday’? I have the New York Stock Exchange, NASDAQ and Bond markets all open today. Source link

Share: FX option expiries for Sept 25 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts – GBP/USD: GBP amounts      – USD/JPY: USD amounts                      – AUD/USD: AUD amounts – USD/CAD: USD amounts        1.3405 538m 1.3425 565m 1.3472 557m – USD/CNY: USD amounts Source link

We heard from several central bankers last week and now it’s time to turn back to economic data for clues on the major economies’ growth and their central banks’ policy courses. Which data events can affect the major currencies in the next few days? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: Eurozone inflation numbers We know from last week’s PMI reports that business growth in the Eurozone is shaky at best. This week,…

Major US indices attempted to bounce off their respective near-term support last Friday, but gains failed to sustain into the latter half of the session as selling pressures dominate. This came as the Federal Reserve’s (Fed) recent hawkish hold remains the overarching theme for the risk environment, which was further followed up by hawkish Fed officials’ comments to end the week. More notably, Governor Michelle Bowman, a Fed’s voting member, downplayed recent inflation progress and called for the need for additional rate hikes.US Treasury yields remain elevated near their 16-year high, despite some cooling on Friday. That kept a lid…

AntonioSolano/iStock via Getty Images Russia has succeeded in avoiding G7 sanctions on most of its oil exports, and the steady increase in crude oil prices since July to more than $95/bbl combined with a reduction in the discount on its own oil means the country’s oil revenues likely will total at least $15B more in 2023 than they would have been, Financial Times reported Sunday. Nearly 75% of all seaborne Russian crude flows traveled without western insurance in August, up from ~50% this spring, according to the FT report which analyzes shipping and insurance records. The rise implies that Russia…

© Reuters. The United Kingdom’s Competition and Markets Authority (CMA) provided provisional approval on Monday for Microsoft (NASDAQ:)’s restructured acquisition of game developer Activision Blizzard (NASDAQ:). The announcement was well-received by the UK’s merger and acquisition sector, following previous approvals from the U.S. and E.U. The $68.7 billion deal, with Microsoft’s offer standing at $95 per share, led to a roughly 2% increase in Activision Blizzard’s stock, bringing it closer to the acquisition offer. The approval by the CMA is contingent on the transfer of cloud gaming rights to French video game publisher UbiSoft Entertainment. Over the next 15 years,…

bitcoin hourly chartBitcoin is down 1.6% to start the new week.That’s a negative sign for broad risk appetite, even if it’s not yet shown up elsewhere. Bitcoin moves at time precede equity moves.By the same measure, bitcoin has previously held up strongly despite a poor run from stock markets this month. The S&P 500 traded on Friday to the lowest since June while bitcoin still has some breathing room above the September low near $25,000.That said, bitcoin moves happen fast and it’s worth keeping a close eye on this one. It’s an extremely technical asset and the break of the…