Author: FX
© Reuters. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo By Scott Murdoch and Donny Kwok HONG KONG (Reuters) -Alibaba Group and Tencent shares rose in Hong Kong on Monday after China’s $984 million fine against the Jack Ma-founded Ant Group appeared to signal the end of a regulatory crackdown on the country’s technology sector. Following the penalty on Friday, the Alibaba (NYSE:) affiliate announced a share buyback that values the fintech at a 75% discount to the valuation touted in an abandoned initial…
Looking for Aussie trades now that China printed a downbeat inflation report? Check out this neat reversal formation on AUD/CAD! The pair is just closing in on its neckline support, so you might still be able to catch the double top breakdown. AUD/CAD 1-hour Forex Chart by TV Market players seem to be starting the week on a risk-off note since China just released weaker than expected CPI and PPI figures earlier today. Instead of posting the estimated 0.2% year-over-year gain, headline CPI stayed flat in June. Producer prices also came up short and posted a steeper 5.4% drop compared…
We’ve got a parade of top-tier economic releases that could lead to the re-pricing of interest rate expectations this week! Aside from BOC and RBNZ‘s monetary policy announcements, we’ll also see the U.K.’s latest jobs numbers, as well as Uncle Sam’s official inflation, reads. 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: U.K.’s jobs data On July 11 at 6:00 am GMT, we’ll see one of two top-tier economic releases that may affect the…
Share: NZD/USD attract some sellers on Monday and is pressured by the emergence of some USD buying. Elevated US bond yields and a generally softer risk tone revive demand for the safe-haven buck. The downside seems limited ahead of the RBNZ meeting and the key US CPI report later this week. The NZD/USD pair meets with a fresh supply on the first day of a new week and erodes a part of Friday’s strong move up to the 0.6220 area, or over a two-week high. The steady intraday descent drags spot prices to the 0.6180 region during the…
Last May 2023, Gold reached its highest level since August 2020 at $2,078.54, according to the financial data from ActivTrades on Gold. Earlier this year, the ongoing banking crisis and uncertainties in the financial markets supported the price of Gold. It is interesting to note that during the first quarter of the year, the demand for Gold from central banks has reached an all-time high since the data series began in the 2000s, according to the World Gold Council. A weaker USD at the beginning of the year also helped support Gold demand, not forgetting that the recent rate hikes…
Maksim Labkouski Alternative asset manager TPG Inc. (NASDAQ:TPG) has agreed to acquire a unit of software provider Forcepoint from P-E firm Francisco Partners for $2.45B, in a deal that could be announced as soon as Monday, The Wall Street Journal reported Sunday. TPG reportedly is buying is Forcepoint’s government cybersecurity business, known as Forcepoint G2CI, which focuses on government and critical infrastructure customers, primarily U.S. government and federal agencies. Francisco Partners would retain a minority stake in the unit and continue to own and manage Forcepoint’s commercial cybersecurity business as a separate entity, according to the report. TPG (TPG) has…
© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo By Florence Tan SINGAPORE (Reuters) – Oil prices dipped in early Asian trade on Monday as investors tread cautiously ahead of fresh economic data from top consumers the United States and China this week, while expected crude supply cuts from Saudi Arabia and Russia supported the market. futures fell 22 cents, or 0.3%, to $78.25 a barrel by 0107 GMT, and U.S. West Texas Intermediate crude was at $73.57 a barrel, down 29 cents, or 0.4%. “Oil…
Info via Reuters without further details at this stage: More than a dozen Chinese mutual fund companies announce fee cuts on certain productsManagement and custodian fees to be cut in roughly 1,500 China mutual fund products starting Monday This article was written by Eamonn Sheridan at www.forexlive.com. Source link
MADRID (Reuters) – At least 300 people who were travelling on three migrant boats from Senegal to Spain’s Canary Islands have disappeared, migrant aid group Walking Borders said on Sunday. Two boats, one carrying about 65 people and the other with between 50 and 60 on board, have been missing for 15 days since they left Senegal to try to reach Spain, Helena Maleno of Walking Borders told Reuters. A third boat left Senegal on June 27 with about 200 people aboard. The families of those on board have not heard from them since they left, Maleno said. All three…
Recommended by Daniel Dubrovsky Get Your Free Equities Forecast The second quarter brought with it a solid performance from the US Dollar as it outperformed most of its major counterparts. Notable gains were seen against the Japanese Yen and Australian Dollar. Meanwhile, the British Pound held its ground as the Euro was able to fend off pressure from the world’s most liquid currency.Financial markets began to focus back on hawkish expectations from the Federal Reserve. By the beginning of July, any hopes of a rate cut from the central bank this year were priced out. In fact, from June 1st…