Author: FX
APPlife Digital Solutions to acquire LeSalon Beauty Source link
In life, we often try to compartmentalize things to make sense of them. For example, we separate what we like from what we dislike, what we are good at from what we are bad at, and what makes us happy from what makes us sad. As a result of this division, it is only natural that we gravitate towards those that make us feel good. We downplay failings as simply “this one time,” accidents, or even just plain bad luck. Sometimes, we just ignore them altogether. And just like in life, we see this happen often in trading. Suppose you’re…
In a move that can reshape the digital payments landscape, financial technology giant PayPal (NASDAQ:) has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community. Continue Reading on Coin Telegraph Source link
Last week, the US CPI came basically in line with expectations, but the good news is that the Core M/M reading once again printed at 0.2% or 0.16% unrounded. The not so good news is that the US Initial Claims spiked higher coming at 248K vs. 230K expected, but Continuing Claims remained strong. We have already seen Claims spiking higher in the past months, but the overall picture remains positive for now. The long-term inflation expectations in the University of Michigan report ticked lower, so on the data side the week was positive. Overall, we should have seen Gold rally…
Share: The Dollar starts the week on the strong side. Economists at ING analyze Greenback’s outlook. High US rates + poor overseas environment = strong Dollar High US bond yields and what seems to be a deteriorating environment in the Chinese financial sector are weighing on risk assets. Unless Chinese authorities can surprise with some powerful stimulus measures, the weaker Chinese Renminbi can drag Asian and commodity currencies weaker and keep the Dollar bid. US Dollar Index (DXY) risks pushing up the 103.50/103.60 area this week. Source link
Wheaton Precious Metals declares $0.15 dividend Source link
Japanese Yen, USD/JPY, US Dollar, Treasuries, JGBs, China, Commodities – Talking PointsThe Japanese Yen wilted today after the US Dollar resumed strengtheningTreasury yields are outstripping JGBs today, adding to US Dollar lustreChina’s outlook remains mired, impacting the region. Will that boost USD/JPY? Recommended by Daniel McCarthy Trading Forex News: The Strategy The Japanese yen declined to its lowest level since November last year against the US Dollar today touching 145.22. It then retreated below 145.00.On a day when risk assets were generally undermined, the big dollar gained across the board with Treasury yields continuing to trade higher into the Monday…
Ready to step up your day trading game in the second half of August? We’ve got a busy week ahead with the Fed printing its meeting minutes, the RBNZ dropping its latest policy decision, and China and the U.K. releasing closely-watched economic reports! 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: China’s Data Dump We know from previous economic releases that China is seeing lower prices mostly because of decreased demand. On August 15…
© Reuters. FILE PHOTO: A view of a damaged house that was bombed by a rocket following an Israeli military operation, in Jenin in the Israeli-occupied West Bank July 8, 2023. REUTERS/Raneen Sawafta/File Photo By Ali Sawafta, James Mackenzie and Suleiman Al-Khalidi JENIN, West Bank (Reuters) – Sitting in a bullet-scarred building in the city of Jenin, two fighters from Islamic Jihad – a militant group funded by Iran – celebrated what they said was a victory for Palestinians over the biggest Israeli operation in the West Bank in decades. Israeli commanders said the two-day incursion in Jenin last…
TD analysts are forecasting the Reserve Bank of Australia have reached the peak of the cash rate. The analysts concede there is still the possibility of a November rate hike:Should the labour market remain firm and there is evidence that higher labour costs are being passed throughAnd add further cash rate upside risks come from higher property prices supporting consumption (through the wealth channel) and higher oil prices. TD concludes with the implications of the terminal rate having been reached:Given our view the RBA cash rate peaks earlier and lower than our prior 4.85% forecast, the RBA is therefore expected…