Author: FX

Share: EUR/USD strengthened after soft consumer sentiment data from the US. The pullback in the US bond yields is exerting downward pressure on the US Dollar (USD). Fed’s likelihood to carry out another rate hike by the end of the year is bolstered by the robust economic data from the US. EUR/USD initiates the week by extending its gains, trading at higher levels around 1.0670 during the Asian session on Monday. The pair is receiving upward support, likely a result of the downbeat consumer sentiment data from the United States (US) released on Friday. The preliminary US Michigan…

Market Recap Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy Major US indices gave back all of last week’s gains on Friday, with volatility triggered by the triple witching day amid the vast options’ expiry (estimated to be $3.4 trillion worth – the largest September expiry on record). The VIX bounced 7.6% off its June 2023 bottom, while mega-cap tech stocks failed to provide any much-needed resilience. Nvidia and Meta were both down 3.7%, alongside Amazon -3% and Microsoft -2.5%.A further move higher in US Treasury yields may account for some de-risking as well,…

PARETO Six U.S. governors sent a letter to President Biden last week urging more support for the offshore wind industry, citing growing concerns that surging costs imperil multibillion dollar projects planned for northeast Atlantic states. Soaring materials costs, high interest rates and supply chain snags have prompted project developers including Shell (SHEL), Orsted (OTCPK:DNNGY), Equinor (EQNR), BP (BP) and Avangrid (AGR) to cancel or renegotiate power contracts for the first commercial-scale U.S. wind farms, which had expected to begin operations within the next five years. Companies say they are committed to the projects, which have a combined capacity of more…

© Reuters. FILE PHOTO: Wenner, co-founder and publisher of Rolling Stone magazine, speaks at the 32nd Annual Rock & Roll Hall of Fame Induction Ceremony – Show – New York City, U.S., 07/04/2017 – Publisher Jann Wenner. REUTERS/Lucas Jackson/File Photo By Hannah Lang WASHINGTON (Reuters) – Rolling Stone magazine co-founder Jann Wenner was removed from his position on the Rock & Roll Hall of Fame’s board of directors after comments he made about Black and female artists that were widely criticized, the hall said in a statement. In a terse statement, the Cleveland-based Hall of Fame offered no reason for…

The strike by the US United Auto Workers is ongoing. The latest is that the union is rejecting an offer from one of the Big Three automakers, Chrysler parent Stellantis, for a 21% wage increase:a cumulative 21% wage increasewith an immediate 10% increase upon a formal agreement. The union is seeking a four-day work week, substantial pay raises, more paid time off and pension benefits, among other demands. It wants a 40% pay increase to match the average pay increases of the CEOs at the three companies in recent years. Source link

Share: Stock Market Report: Trading NASDAQ Stocks: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL Stock Market Summary: The strong move down in the last session, places the SP500, Nasdaq 100 and most stocks in Wave c) of 4 correction being uncompleted. The current Wave 4 can be viewed as a Elliott Wave Triangle pattern of a Regular Flat correction. Either way the Wave 4 correction is not finished. The good news is that now we can see more clearly that the buying opportunity is approaching for stocks and Indices.Trading Strategies: Expect…

Richard Kiyosaki dubs fiat currency ‘criminal money,’ advocates for crypto Crypto.news – Robert Kiyosaki, the acclaimed author of ‘Rich Dad Poor Dad,’ recently shared his positive sentiments about cryptocurrencies as the future of money. , the author says, could reach $120,000 next year and warns of a potential economic crisis, urging investors to consider digital currencies as a haven. Kiyosaki predicts grim fate for fiat currenciesKiyosaki recently tweeted about his strong beliefs in the potential of cryptocurrencies, owing to the upcoming TOKEN2049 crypto conference set to take place from Sept. 18-19. He took to X (previously Twitter) to express his…

4kodiak/iStock Unreleased via Getty Images TikTok is reportedly making a strong effort try to boost its new TikTop Shop online marketplace through heavy discounting during the holiday shopping season. Bloomberg reported that the discounting from the social media giant on its marketplace could begin on October 27, which would give the company a jump on the Black Friday-Cyber Monday and extended holiday period. The social video site could offer discounts as high as 50% in a concerted effort to gain traction with U.S. holiday shoppers. A TikTok spokesperson has only confirmed the plans to offer Black Friday deals starting on…

Recommended by Daniel Dubrovsky How to Trade EUR/USD The US Dollar mostly underperformed against its major counterparts this past week, especially against the Chinese Yuan, Canadian Dollar and Australian Dollar. Meanwhile, the Greenback had better luck against the British Pound and the Euro. EUR/USD confirmed a 9th consecutive weekly loss, the longest losing streak since 1997.Looking at commodities, crude oil continued its rally, with WTI pushing higher about 4.6 percent last week. This meant the highest close since the beginning of November. Oil is just inches away from pushing to the highest in over one year. Meanwhile, gold prices were…

jetcityimage/iStock Editorial via Getty Images Corteva (NYSE:CTVA) has boosted its share of the market for soybean seeds in the United States to more than half, overtaking rival Bayer (OTCPK:BAYZF) (OTCPK:BAYRY), The Wall Street Journal reported Sunday. The rivalry between the two companies has played out patent fights and in marketing their products to growers. Corteva (CTVA) in 2019 introduced a soybean-and-spray combination called Enlist E3 to take on Bayer’s (OTCPK:BAYZF) (OTCPK:BAYRY) Xtend, and later XtendFlex, soybeans that are resistant to an herbicide called dicamba. Corteva’s (CTVA) 2,4-D choline weedkiller doesn’t evaporate off of crops and drift in the wind as…