Author: FX

Recommended by Daniel Dubrovsky Get Your Free Equities Forecast The US Dollar outperformed its major counterparts this past week. Looking at the chart below, the Japanese Yen was the worst-performing major currency followed by the New Zealand Dollar and then the Chinese Yuan. USD/JPY is a pair that tends to be quite sensitive to the direction of Treasury yields, which have been on the rise lately.Meanwhile, the Chinese Yuan was already looking overbought based on a model I constructed to look ahead for the coming few quarters. Markets spent much of this past week focusing on unwinding dovish Federal Reserve…

DNY59/iStock Unreleased via Getty Images Public Storage Inc. (NYSE:PSA) has room to raise its offer for smaller self-storage competitor Life Storage (NYSE:LSI) after LSI rejected the bid on Thursday, according to Citi. “At current levels, we estimate PSA’s offer equates to a cap rate of 5.4%; in our opinion, there is room for PSA to raise its offer, and we will look for details around whether LSI looked to enter negotiations with PSA and if the company remains open to a higher offer,” Citi analyst Smedes Rose, who has a neutral rating and $126 price target on LSI, wrote in…

Nonfungible tokens (NFTs) offer a new way to sell and distribute digital art, and they have the potential to unlock new revenue streams for artists in the digital age. Here are five ways to monetize your digital art with NFTs. This involves splitting the ownership of an artwork into smaller parts and selling them as tokens, allowing multiple investors to own a stake in the artwork. For example, an artist can create 100 tokens for a piece of art and sell them to 100 different buyers, each of whom owns a share of the artwork. Continue Reading on Coin Telegraph…

coward_lion/iStock Editorial via Getty Images Hedge fund giant Elliott Investment Management is said to have offered to provide financing for an acquisition of famed football club Manchester United (NYSE:MANU). Elliott, led by Paul Singer, offered the financing as part of a bidding process that kicked into gear on Friday when initial offers were due for the English Premier League team, according to media reports on Saturday, including Bloomberg. Elliott is not bidding for the club itself. Manchester United (MANU) shares popped 10% on Thursday amid reports that Qatari investors were preparing an opening bid for the team of £5B (nearly…

2/2 © Reuters. FILE PHOTO: Parked vehicles are seen in Bagram U.S. air base, after American troops vacated it, in Parwan province, Afghanistan July 5, 2021. REUTERS/Mohammad Ismail 2/2 KABUL (Reuters) – The Taliban administration will move ahead with plans to turn former foreign military bases into special economic zones for businesses, the acting deputy prime minister for economic affairs said in a statement on Sunday. The acting commerce minister had told Reuters in December that his ministry was working on the plan for former American bases and would submit it to both the economic committee led by acting deputy…

GOLD OUTLOOK & ANALYSISHawkish Fed remains a strong theme going into next week.US economic data in focus including FOMC minutes, GDP,PCE and consumer sentiment reports.Long lower wick may indicate short-term upside but strong US data may leave gold vulnerable to further weakness. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROPGold prices recovered some of its losses towards the end of last week. Although the change was minor, bullion remains in a strong downtrend. Much of gold’s volatility has been driven by US factors, particularly a more aggressive Federal Reserve after stronger than expected economic data (Non-Farm…

7/7 © Reuters. Hairdresser and Ukrainian Territorial Defence unit volunteer Oleksandr Shamshur, 41-year-old, prepares to guard sky over capital against Russian suicide drones in the beginning of his shift, amid Russia’s attack on Ukraine, in Kyiv, Ukraine February 2, 20 2/7 By Margaryta Chornokondratenko and Yiming Woo KYIV (Reuters) – A hairdresser by day and a “drone hunter” by night, Oleksandr Shamshur, 41, is among tens of thousands of volunteers helping defend the skies over Ukraine against Russian attacks. As the Feb. 24 first anniversary of Russia’s invasion nears, Ukraine is becoming increasingly adept at shooting down Russian missiles and…

Warning: HEINY is at high risk of cutting its dividend Source link

CRUDE OIL OUTLOOK: SLIGHTLY BEARISH NEAR TERMOil prices fell roughly 4% this week, pressured by demand concerns amid rapidly rising interest ratesAlthough oil could trade lower in the coming days, its medium-term outlook remains constructive thanks to the reopening of the Chinese economyThis article examines the key technical levels to watch in WTI crude oil futures next week Recommended by Diego Colman Get Your Free Oil Forecast Most Read: Gold Charges Toward Fibonacci Support as Markets Bet on Higher Fed Peak RatesOil prices, as measured by the WTI front-month futures contract, finished the week sharply lower, down roughly 4% to…

USD/CAD FORECAST: MILDLY BULLISHUSD/CAD advances and challenges a key technical resistance as volatility begins to pick upCanada’s inflation data could be an important catalyst for price action next weekMarket sentiment should also be a major driver of the Canadian dollar in the near term Recommended by Diego Colman Get Your Free USD Forecast Most Read: S&P 500 Underwater but Exuberance Hasn’t Yet Cracked – What Now for Stocks?For much of the last month and a half, USD/CAD (U.S. dollar – Canadian dollar) has been rangebound, moving largely directionless between support at ~1.3280 and resistance at ~1.3530. In recent days, the…