Author: FX

Recommended by Manish Jaradi The Fundamentals of Trend Trading The US dollar rebounded sharply in the past week after hawkish comments from US Federal Reserve and still-elevated inflation raised doubts on whether the US central bank will pause at its next meeting in June. The US dollar index (DXY index) jumped by 0.4%. The Swedish Krona was the worst-performing currency, plunging 2.1% against the US dollar in the past week followed by the New Zealand down 1.6%, and the Euro sliding 1.5% within the G10 space.Global equity markets slipped on more evidence of weakness in the post-Covid recovery in China,…

zimmytws Leqembi, the new Alzheimer’s therapy developed by Biogen (NASDAQ:BIIB) and Eisai (OTCPK:ESALF) (OTCPK:ESAIY), could add $2B – $5B costs to Medicare annually, in the event of broader coverage, according to a recently published study. Early this year, the FDA granted FDA’s accelerated approval for the anti-amyloid antibody, which comes with a $26.5K annual list price and additional costs for administration. Medicare, the federal health insurance for those aged 65 years or older that caters to most of the 6M Americans with Alzheimer’s, currently covers Leqembi (lecanemab) only for patients enrolled in government-approved clinical trials. However, the administrator of the…

Martin Lemus/iStock via Getty Images Newmont Mining (NYSE:NEM) is close to a deal to purchase Newcrest Mining Ltd. (OTCPK:NCMGY) for about A$29.4 billion ($19.5 billion). The parties are in the final stages of talks and may announce a deal on a binding offer as soon as the coming days, according to a Bloomberg report, which cited people familiar. Newcrest (OTCPK:NCMGY) agreed to extend Newmont’s (NEM) due-diligence rights to Thursday after an earlier deadline lapsed. The latest updated comes after Bloomberg reported that Newcrest Mining’s (OTCPK:NCMGY) board is prepared to recommend a takeover offer from Newmont (NYSE:NEM) to its shareholders, interim…

Building an emergency fund is a crucial part of financial planning. With the help of budgeting apps, it has become easier to save money and build an emergency fund. This article will discuss the characteristics of an emergency fund and general steps to building an emergency fund using budgeting apps. An emergency fund is a pool of money that you set aside to cover unexpected expenses or income loss. It acts as a financial safety net and can help one avoid debt or financial hardship in case of an emergency. The following traits describe an emergency fund: Mint YNAB (You…

© Reuters. A view of banners of Turkish President Tayyip Erdogan and Kemal Kilicdaroglu, presidential candidate of Turkey’s main opposition alliance, in Ankara, Turkey, May 13, 2023. REUTERS/Cagla Gurdogan By Daren Butler ISTANBUL (Reuters) -Turks voted on Sunday in one of the most important elections in modern Turkey’s 100-year history, which could either unseat President Tayyip Erdogan and halt his government’s increasingly authoritarian path or usher in a third decade of his rule. The vote will decide not only who leads Turkey, a NATO-member country of 85 million, but also how it is governed, where its economy is headed amid…

2/2 © Reuters. FILE PHOTO: Electoral workers prepare ahead of the upcoming general election, in Bangkok, Thailand, May 13, 2023. REUTERS/Athit Perawongmetha/ 2/2 By Chayut Setboonsarng BANGKOK (Reuters) -Voting was underway in Thailand on Sunday in an election expected to deliver big gains for opposition forces, testing the resolve of a pro-military establishment at the heart of two decades of intermittent turmoil in the coup-prone country. About 52 million eligible voters are choosing among progressive opposition parties – one with a knack for winning elections – and others allied with royalist generals keen to preserve the status quo after nine…

SlavkoSereda/iStock via Getty Images The oil and gas sector is the stock market’s worst performer this year, down 10% compared with the broader S&P 500’s 7.5% gain, after leading the market by far last year with a record breaking 59% surge. While various factors including Russia’s invasion of Ukraine sent commodity prices soaring last year, lifting shares of energy companies, concerns about a slowing global economy and energy demand have dragged down oil and gas prices this year, taking energy stocks down with them. Investors are shunning mutual funds and ETFs that track energy stocks, pulling more than $7B out…

CRUDE OIL FORECAST:Oil prices fall for the fourth straight week, a sign bears remain at the steering wheelGrowing recession risks, together with the U.S. debt ceiling impasse are likely to weigh on energy markets in the near termThis article looks at key tech levels to watch on oil’s daily chart Recommended by Diego Colman Get Your Free Oil Forecast Most Read: Gold Prices Veer Off Bullish Path as US Dollar Firms but Outlook Still UpbeatCrude oil prices (as measured by West Texas Intermediate front-month futures) retreated on Friday, settling slightly above $70.00 per barrel, and closing lower for the fourth…

Design Cells/iStock via Getty Images The market for oncology drugs is set to surge between now and the end of the decade, according to two new reports. IQVIA estimates that spending on oncology treatments in the US alone will rise to $125B by 2027 based on current treatments and the number of therapies in pipelines. The firm added it sees spending on oncology drugs in the US increasing 54% over the next five years. According to the GlobalData Drugs Database, there are currently 125 oncology drugs in pre-registration. The database also notes that approvals for new oncology drugs have almost…

CharlieAJA/iStock via Getty Images Catalent (NYSE:CTLT) postponed its Q3 earnings release and conference call for a third time and is now scheduled to release its results on Friday. The contract research organization delayed the results to Friday May 19 from Monday as the company works to finalize its financial statements, according to a statement late Friday. Catalent (CTLT), which hit a 52-week low on Friday, has lost more than half of its value this quarter as Wall Street reacted to its issues ranging from the exit of the finance chief, financial warnings, and delays of its quarterly earnings report. The…