Author: FX
Empire Petroleum launches $350M mixed shelf offering – filing Source link
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2/2 © Reuters. FILE PHOTO: People cross a flooded area in Muloza on the border with Mozambique after the aftermath of Tropical Cyclone Freddy, around 100 km outside Blantyre, Malawi, March 18, 2023. REUTERS/Esa Alexander/File Photo 2/2 By Duncan Miriri NAIROBI (Reuters) -An initiative to boost Africa’s carbon credit production 19-fold by 2030 drew hundreds of millions of dollars of pledges on Monday as Kenyan President William Ruto opened the continent’s first climate summit. In one of the most anticipated deals of the summit, the United Arab Emirates (UAE) committed to buying $450 million of carbon credits from the Africa…
The firm says that hedge funds have dropped short trades on US regional banks as of the end of August and instead have now turned bullish on the broader US financial sector in general. The note is from Goldman’s prime brokerage desk, which serves hedge funds, and says that US financial services companies – including banks – were among the most sought-after stocks last week.Meanwhile, they find that the ratio of long trades compared with short positions on US regional banks has risen by 26% since the low of the year at around mid-July. Source link
Share: EUR/JPY attracts fresh buyers on the first day of a new week and snaps a two-day losing streak. The BoJ’s dovish stance, along with a positive risk tone, undermines the JPY and lends support. Expectations that the ECB will pause its rate-hiking cycle hold back bulls from placing fresh bets. The EUR/JPY cross regains positive traction on the first day of a new week and for now, seems to have stalled a two-day-old corrective decline from the 159.75 region, or its highest level since August 2008 touched last Wednesday. The buying interest picks up pace during the…
EUR/USD ANALYSISGerman balance of trade data echoes growth fears.ECB officials under the spotlight today.Long wick candle indicative of more downside to come. Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro is marginally bid this Monday morning after last week’s Non-Farm Payroll (NFP) report saw markets rally behind the US dollar. Today’s volumes are likely to be relatively tame with the US and Canada celebrating Labor Day. That being said, the euro area has several potentially market moving events scattered throughout the day beginning with German balance of trade which showed exports slowing (see economic calendar…
This dollar pair had a strong bearish reaction to Friday’s NFP, so it might be in for more downside early this week. But could it go for a short-term pullback or a sustained break below the latest lows? Here’s what I’m watching on the 15-min chart. EUR/USD 15-min Forex Chart by TV EUR/USD is cruising below a descending trend line connecting the latest highs, and it looks like another test of resistance is underway. Applying the Fibonacci retracement tool shows that this potential ceiling lines up with the 61.8% level, an area of interest, and R1 (1.0850). A shallow pullback…
Calamos Strategic Total Return Fund declares $0.1025 dividend Source link
© Reuters. FILE PHOTO: Capsules of Palforzia are shown containing pharmaceutical grade peanut powder, for use in oral immunotherapy among patients with peanut allergies, manufactured by Aimmune Therapeutics, based in Brisbane, California, in this handout obtained by ZURICH (Reuters) – Nestle has divested its peanut allergy treatment business Palforzia, the Swiss food company said on Monday, following its strategic review of the division. Nestle said it has offloaded Palforzia to Stallergenes Greer, a biopharmaceutical company which specializes in the diagnosis and treatment of allergies. Nestle will receive milestone payments and ongoing royalties from Stallergenes Greer, it said. Source link
A brand-spankin’ new trading month means that we’ll hear another round of policy decisions from the major central banks! This week, we have the RBA and the BOC on tap plus a couple of closely watched reports from China and the U.S. 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: RBA’s policy decision In its August decision, the Reserve Bank of Australia (RBA) surprised the markets by keeping its interest rates steady at 4.10%…