Author: FX

Share: Gold Price stays firmer at three-week high as bulls attack $1,945 resistance confluence. Sustained upside break of $1,910 support confluence, softer US Dollar favor XAU/USD bulls. China stimulus, downbeat United States Treasury bond yields also propel the Gold Price. US ADP Employment Change, PCE details and Q2 GDP eyed for intraday directions of XAU/USD. Gold Price (XAU/USD) stays firmer at the highest level in three weeks despite making rounds to $1,937-38 amid the early hours of Wednesday’s Asian session. In doing so, the precious metal cheers the broad US Dollar weakness ahead of the key United States…

@Iron Eagle @BartAtTheRanch Typically, a reverse split around or below the $5 price is done because a stock that routinely trades below $5 is considered either a penny stock and/or not tradeable by institutional investors. It also generally indicates a company earnings are eroding causing the valuation to drop to very low levels.If it drops below $1, the stock generally gets delisted from NYSE or NASDAQ.www.yahoo.com/… Cheer$! Source link

Massimo Giachetti/iStock Editorial via Getty Images Nasdaq (NASDAQ:NDAQ) appointed ex-UBS Group (UBS) executive Sarah Youngwood as its new finance chief, effective Dec. 1, 2023, the company said Tuesday Ann Dennison, who has served as the exchange operator’s CFO since 2021, will stay at the company until year-end to ensure a smooth transition. Youngwood served as CFO of Swiss lender UBS (UBS) since March 2022, and decided to transition to a senior advisor at the close of its Credit Suisse (CS) deal in mid-June. Before joining UBS, she held a number of executive roles at U.S. megabank JPMorgan Chase (JPM) after…

© Reuters. FILE PHOTO: Miami Mayor and Republican presidential candidate Francis Suarez gestures as he speaks at the Republican Party of Iowa’s Lincoln Day Dinner in Des Moines, Iowa, U.S., July 28, 2023. REUTERS/Scott Morgan/File photo By Kanishka Singh WASHINGTON (Reuters) -Miami Mayor Francis Suarez announced on Tuesday he is suspending his presidential campaign, becoming the first major Republican candidate to do so, after failing to qualify for the first primary debate held last week. “While I have decided to suspend my campaign for President, my commitment to making this a better nation for every American remains,” he said in…

BITCOIN FORECASTBTC/USD soars and breaks above its 200-day simple moving average, boosted by Grayscale’s legal victoryThe SEC’s defeat in the U.S. court system may have positive implications for cryptocurrenciesThis article looks at Bitcoin’s key technical levels to watch in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: USD/JPY Rejected at Channel Resistance, Nasdaq 100 Comes Alive as US Yields TankBitcoin staged a remarkable and vigorous rally on Tuesday, jumping more than 7% and breaking above its 200-day simple moving average handily,…

The US sale of $36 billion in 7-year notes met strong demand as bonds are bid on recession worries and expectations the Fed is at the end of the rate hiking cycle.The bid weighed further on yields and USD/JPY. This article was written by Adam Button at www.forexlive.com. Source link

Share: Mexico’s Q2 GDP growth comes in below expectations at 0.8% QoQ, pushing USD/MXN higher as Banxico holds rates steady at 11.25%. US Job Openings declined to 8.827M, well below estimates, causing odds for a September rate hike to drop from 78% to 86.5%, according to the CME FedWatch Tool. Despite mixed US economic data, inflation remains a concern; upcoming Nonfarm Payrolls could be pivotal for the USD/MXN pair as recessionary fears loom. The Mexican Peso (MXN) loses ground against the US Dollar (USD) as economic data in Mexico was soft, even though the agenda in the United…

Consolidated Water raises dividend by 12% to $0.095 Source link

EUR/USD and EUR/JPY Forecast – Prices, Charts, and AnalysisHeavyweight US and Euro Area data are on tap this week.The US dollar remains undecided after chair Powell’s Jackson Hole speech.The Federal Reserve and the European Central Bank both reiterated their stance of keeping rates higher for as long as it takes at the Jackson Hole Symposium last week, leaving EUR/USD traders with little to work with. Fed chair Powell gave the market a very gentle dovish nod when he said that the central bank would ‘proceed carefully’ when assessing future policy moves, while President Lagarde said that while progress was being…

© Reuters. The first-ever spot exchange-traded fund (ETF) launched on the European market has been classed as an Article 8 fund by its issuer firm, London-based Jacobi Asset Management. Funds included under Article 8 of the European Sustainable Finance Disclosure Regulation (SDFR) are those that “promote environmental and/or social characteristics.” On Aug. 29, Bloomberg reported that Jacobi Asset Management had classified its Jacobi FT Wilshire Bitcoin ETF as an Article 8 fund. The fund, launched on the Euronext Amsterdam stock exchange on Aug. 15, becomes the first Bitcoin ETF traded in Europe, and the first to have the European Union’s…