Author: FX
© Reuters. FILE PHOTO: A police officer passes a child’s bicycle after a mass shooting at the scene of a Fourth of July holiday weekend block party in Baltimore, Maryland, U.S. July 2, 2023 in a still image from video. REUTERS/Stringr/File Photo By Kanishka Singh and Raphael Satter (Reuters) -Mass shootings in Philadelphia, Baltimore and Fort Worth, Texas, killed 10 people and wounded nearly 40 others ahead of the Fourth of July holiday, officials said, a grim reminder of the decades-long failure to curb gun violence in the United States. In Fort Worth, three people were killed and eight wounded…
lcva2/iStock Editorial via Getty Images Abu Dhabi and Austria’s OMV (OTCPK:OMVJF) (OTCPK:OMVKY) are exploring a combination of Borouge and Borealis to create a chemicals and plastics company worth more than $30B, Bloomberg reported Tuesday. The parties are discussing the potential valuation and ownership structure of a combined entity and may reach the broad outlines for formal merger negotiations in the coming weeks, according to the report. Borealis is 75% owned by OMV (OTCPK:OMVJF) (OTCPK:OMVKY), with the rest held by Abu Dhabi National Oil Co., while Borouge is a partnership between Adnoc and Borealis. The potential deal would fit in a…
It’s the services PMI from China today. This doesn’t get the focus that the manufacturing PMI gets. And, check out the previous, its solidly in expansion so its not as if we are even sweating it. The official, i.e. National Bureau of Statistics (NBS) services PMI is solid also:The Caixin manufacturing PMI was released on Monday this week, in expansion: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the…
Share: Canadian Dollar trades slightly higher supported by a rise in Oil prices on supply fears. Canadian Manufacturing PMI comes out lower than expected in June though the response from price action is limited. Traders are in two minds about the outlook for monetary policy from the Bank of Canada as GDP continues to grow but inflation falls. Canadian Dollar rises versus the US Dollar on Tuesday during the US session on the back of higher Oil prices, Canada’s largest export, amidst fears of supply cuts by Saudi Arabia and Russia. The Canadian Manufacturing PMI data release on Tuesday, came…
Short EUR/GBP: A Hawkish BoE and Price Action Support Further Downside.The Great British Pound has been on a tear of late, even before the 50bps surprise delivered on the June 22. The Euro itself enjoyed a bit of a renaissance of late with EURGBP bouncing as a result with the pair trading around the 0.8593 at the time of writing.The Bank of England (BoE) has seen an increase in rate hike probabilities following a blockbuster inflation reading in May. The European Central Bank (ECB) on the other hand has stuck by its hawkish rhetoric yet seems to be running slightly…
Short USD/ZAR: Top Trade OpportunitiesThe South African rand has been one of the worst performing currencies this year and reached all-time highs in early June 2023. The primary drivers for this move are not unfamiliar to ZAR traders and consists of the ever lingering political and economic headwinds as well as external risk sentiment and the US dollar. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter South African Fundamental BackdropPersistent issues including loadshedding and corruption remain as a hindrance to the local currency but recent improvements…
MFS Multi-Market Income Fund raises dividend by 0.2% Source link
Is Uncle Sam gearing up to print another strong jobs report? Or are we about to see a downbeat June NFP? Here’s what you need to know if you plan on trading this top-tier event: Event in Focus: U.S. Monthly Employment Situation Summary from the U.S. government for June 2023 When Will it Be Released: July 7, Friday: 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. Non-Farm Payrolls Change m/m: 224K forecast vs. 339K previous U.S. Average Hourly Earnings m/m: +0.3% m/m forecast vs. 0.3% m/m previous U.S. Unemployment…
Canada’s upcoming jobs release might determine whether or not the BOC can keep hiking. So what are market watchers expecting for this top-tier report? Here’s what you need to know. Event in Focus: Canada’s June Employment Data: Employment Change, Unemployment Rate When Will it Be Released: July 7, 2023 (Friday) 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Net of -10,000 jobs lost in June, following earlier 17.3K reduction in May Unemployment rate to tick higher from 5.2% to 5.4% Average hourly wages rate to slow to 4.3% vs. 5.1%…
> Canada S&P Global June manufacturing PMI 48.8 vs 49.0 prior Canadian manufacturing PMI slips in June Adam Button Tuesday, 04/07/2023 | 13:33 GMT-0 04/07/2023 | 13:33 GMT-0 ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link