Author: FX
Banco BBVA Argentina reports Q2 results Source link
© Reuters. Investing.com — Gold prices hit 2-week highs and settled above the key $1,900 an ounce level Wednesday as the dollar and Treasury yields retreated from recent highs ahead of Federal Reserve Chair Jay Powell’s speech later in the week at the central bank’s annual policy event in Jackson Hole, Wyoming. The ’s rally paused at two-month highs, while Treasury yields fell slightly after reaching over 20-year peaks as market makers awaited Powell’s speech on Friday. This allowed spot prices to re-enter the $1,900 berth, although the outlook for the yellow metal still remained dull — or, at best, uncertain…
There are various reports that a Wagner-owned Embraer Legacy 600 Business Jet was shot down by Russian air defenses over the Tver region by a Pantsir air defense system (though some reports say a bomb may have been planted on board).Tass reports that Yevgeny Prigozhin was aboard along with 6 others. Another report says 10 people were killed, though the difference may have been due to the counting of the three crew members.The plane may have been on its way from St. Petersburg to Moscow. On Monday, Prigozhin posted a video suggesting he was in Africa.Prigozhin was on the list…
USD/JPY News and AnalysisBonds rise after terrible PMI data weakens the global growth outlookIG Client Sentiment favors a continuation of the longer-term trendEnter Jackson Hole – the focal point of this weekThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade USD/JPY Bonds Rise After Terrible PMI Data Weakens the Global Growth OutlookWorsening UK, EU and US PMI data has sent US treasuries higher, lowering yields and providing a reprieve for USD linked markets. In the wake of deteriorating…
Share: USD/MXN is down 0.48%, trading at 16.8260, as disappointing S&P Global PMIs weigh on the greenback. US Treasury bond yields slump, with the 10-year note dropping ten basis points to 4.22%, further pressuring the USD. Mexican inflation data awaited on Thursday; USD/MXN remains bearish but Powell’s speech could be a game-changer. USD/MXN plunges for the fifth straight day after economic data from the United States (US) could prevent the US Federal Reserve from tightening monetary conditions, as business activity deteriorated, according to S&P Global. Hence, the USD/MXN trades at 16.8260, down 0.48%, after hitting a daily high…
British Pound – GBP/USD and EUR/GBP Charts and AnalysisBoE rate hikes are being pared back after the latest S&P PMIsCable touches a fresh multi-month low Recommended by Nick Cawley Trading Forex News: The Strategy According to the latest S&P PMIs for August, the cost of fighting inflation is ‘carrying a heavy cost in terms of heightened recession risks’. The Composite Output Index fell to a 31-month low of 47.9, Services Business Activity fell to a 7-month low of 48.7, while the Manufacturing PMI slumped to a 39-month low of 42.5. All three are in contraction territory (below 50).According to Chris…
Allegiant Travel flies 1.94M passengers in July Source link
2/2 © Reuters. FILE PHOTO: Republican presidential candidate and Florida Governor Ron DeSantis speaks during a campaign stop in Manchester, New Hampshire, U.S., August 19, 2023. REUTERS/Brian Snyder/File Photo 2/2 By Susan Heavey WASHINGTON (Reuters) -Donald Trump will not participate in the Republican Party’s first primary debate on Wednesday, which the Republican National Committee said would feature eight other top candidates who qualified for the event ahead of the 2024 presidential election. The RNC announced the participants on Monday but did not mention Trump. The former president dominates the field, with his indictments in four separate criminal cases boosting his…
Have you ever tried preparing a meal from scratch? The idea is overwhelming at first because you don’t know what you have in the kitchen. Plus, there are SO many things that could go wrong especially if your idea of “cooking” is “ordering from an app.” But then you take a step back and remember that food delivery costs an arm and a leg these days. So, you create a game plan. You recall the easiest recipes you know and mentally plot which recipe can happen with the ingredients and tools you have in the kitchen. You then see yourself…
EUR/USD daily chartThe drop in the euro today comes as traders are also pulling back on odds of a 25 bps rate hike by the ECB next month. That has been trimmed to ~51% now from around ~65% before the PMI data. In turn, this is all weighing on the euro with EUR/USD now nudging towards key technical support as outlined here earlier.The 1.0800 mark and the 200-day moving average (blue line) at 1.0797 are the key levels to watch at the moment. Keep in mind as well that there are large option expiries at 1.0800 for the pair as…