Author: FX
Australia’s Q3 GDP report delivered a notable miss, sparking initial Aussie weakness before the currency staged a rapid recovery on resilient domestic fundamentals and persistent Fed easing expectations. Which AUD strategies moved beyond the watchlist stage, and how did the neutral-to-positive market environment impact the outcomes? Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out our BabyPips Premium…
According to a filing, the Ellison family (PSKY) and RedBird committed to backstop 100% of the USD 40.7bn equity capital required for the deal.The structure with Ellison family eliminates any potential CFIUS (foreign investment) review risk for the proposed WBD transaction.If the proposed deal is terminated under certain circumstances, Paramount (PSKY) would pay WBD a USD 5bn termination fee.If the deal is terminated under other circumstances, WBD would pay a termination fee of approximately USD 2.9bn.Tencent (0700 HK) will no longer participate as a financing partner in the transaction.New debt financing agreements were entered into with Bank of America (BAC),…
Expectations are rising that the Reserve Bank of Australia (RBA) will confirm a pivot toward tightening in its final decision of the year. Governor Michele Bullock’s recent testimony to the Australian Senate affirmed greater vigilance against inflation, and the central bank is not alone in this regard: market pricing for several G10 names such as Norges Bank and even the BoC has shifted away from the Fed and other majors, BNY’s Head of Markets Macro Strategy Bob Savage reports. AUD/USD outperforms amid strong inflows”Widening in rate differentials can only help with flow performance, and this is very much in play…
JHVEPhoto/iStock Editorial via Getty ImagesNeedham raised the price target on Ciena’s (CIEN) stock to $240 from $130 while maintaining its Buy rating on the shares ahead of the company’s fourth quarter results on Dec. 11. Shares of Ciena — which provides hardware, software, and services for network operators — rose Source link
Prior -7.4Full report hereThis is better than expected and continues to point to stabilisation. This article was written by Giuseppe Dellamotta at investinglive.com. Source link
Japan’s Keidenren Chair Tsutsui said during the European trading session on Monday that negotiators are expected to visit China in January to discuss over trade.Additional remarksIt’s important for Japan and China’s governments to keep up dialogue.Concerned about the impact of China spat on businesses.Hopeful business delegation can visit China in January.2% yield on 10-year JGBs is a key milestone.Market reactionThe impact of Japan Tsutsui’s comments on the Japanese Yen (JPY) appears to be insignificant. As of writing, the USD/JPY pair trades flat around 155.20. Japanese Yen Price Today The table below shows the percentage change of Japanese Yen (JPY) against…
AUD/CAD dropped by around 80 pips in the last trading sessions, but it also looks like it found a floor near a key area of interest. The pair looks ready to test whether its weeks-long uptrend still has some life in it. Let’s zoom in on the 4-hour time frame: AUD/CAD 4-hour Forex Chart by TradingView Canada’s blowout jobs report lit a fire under the Canadian dollar on Friday. The numbers crushed expectations and took a lot of the dovish chatter off the Bank of Canada’s (BOC) plate, so traders rushed back into the Loonie. But the Australian dollar is…
The Fed’s rate decision dominates this week, with markets pricing a third consecutive 25bp cut after weak U.S. jobs data and conflicting labor market signals. Source link
Gold is up $14.40 to $4210 in early Asian trading to start the week. The main driver of gold this week will be the FOMC decision and how dovish/hawkish the messages from Powell are and the dots. A cut is all-but assured.Zooming out, the last week of low gold volatility is a real outlier over the past few months. We’ve been stuck close to $4200 and that can’t last. This article was written by Adam Button at investinglive.com. Source link
The AUD/USD pair enters a bullish consolidation phase at the start of a new week and oscillates in a narrow range near its highest level since September 16, touched on Friday. Spot prices currently trade around the 0.6640 region as traders look to China’s Trade Balance data for some impetus ahead of this week’s key central bank event risks.The Reserve Bank of Australia (RBA) is scheduled to announce its policy decision on Tuesday and is widely expected to leave interest rates unchanged and keep focus on taming inflation. In fact, RBA Governor Michele Bullock admitted last week that inflation is…