Author: FX

Luis Alvarez/DigitalVision via Getty Images Update 8:20pm: Adds ON24 capital return announcement, comments on Indaba letter. ON24 Inc. (NYSE:ONTF) rose 1.3% amid a repeated call from an activist investor to improve the company’s stock price and for the company to return capital to investors. Indaba Capital Management, which as a nearly 9% stake in ON24 and said its the company’s second largest holder, urged the company to establish stablish a specific plan for returning $150 million to shareholders, according to a letter Indaba wrote to ON24’s board. ON24 (ONTF) announced late Wednesday that its board authorized the replacement of the…

S&P 500, VIX, Dollar, Fed Funds Rates and Event Risk Talking Points:The Market Perspective: EURUSD Bearish Below 108, Dow Range Between 34,200 and 33,200The S&P 500 and Dow produced ‘inside days’ this past session, working their way more deeply into congestion patterns that may prove difficult to breakWith only a few high profile events this week (eg UofM sentiment) and next (eg US CPI), volatility will struggle to form trend…unless there is an elemental development in ‘risk trends’ Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast It’s possible for markets to develop trends through the organic development…

wutwhanfoto Hong-Kong based Global Engine Group (GLE), a provider of information communication technologies, has set terms for a proposed $16M initial public offering. Global Engine said that it was looking to offer 3.5M ordinary shares priced between $4 and $5, which would raise around $16M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol GLE. Univest Securities is serving as lead bookrunner. Selling shareholders plan to offer an additional 1.9M shares. Global Engine won’t see any proceeds from that sale. Incorporate in the British Virgin Islands, Global Engine operates through subsidiaries in…

© Reuters. FILE PHOTO: JP Morgan CEO Jamie Dimon delivers a speech during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS/File Photo By Lananh Nguyen MIAMI (Reuters) -The chief executive of JPMorgan Chase & Co. (NYSE:), the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky.” Dimon’s warning came after Federal Reserve officials said more rate rises are on the cards, although none were ready to suggest that…

Germany consumer price index data for January (preliminary) was due on the 31st of January. It was postponed due to a technical data processing problem, the country’s statistics office Destatis said0Its coming up later today instead, at 0700 GMT, 0200 US Eastern time: 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 column next to that, where there is a number, is the consensus median expected.—Higher inflation is going…

Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation data. The EUR/JPY pair dropped after facing barricades around 141.00 in the early Asian session. The pullback move in the cross seems to lack strength, which could result in a resumption in the downside move. EUR/JPY is following the footprints of weaker EUR/USD, amid the risk aversion theme. For further guidance, investors will keep an eye on the preliminary…

Enviva declares $0.905 dividend Source link

4/4 © Reuters. FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at a federal court in New York City’s Manhattan, U.S. January 3, 2023. REUTERS/Davi 2/4 By Dietrich Knauth (Reuters) – Failed crypto firm FTX received court approval on Wednesday to issue subpoenas to its founder Sam Bankman-Fried and members of his family as part of the company’s investigation into “misappropriated and stolen” funds. FTX, a once-prominent crypto exchange, filed for bankruptcy protection in November amid allegations that Bankman-Fried used FTX customers’ money…

Fed Chairman, Jerome Powell in his speech yesterday was overall perceived as neutral. Powell recognised that a disinflationary process is underway, but also stated that interest rates may have to be pushed higher, if jobs data continues to show positive surprises. This may suggest the USD pullback will be contained. New York Fed President William said, that the December rate forecast still seems a very reasonable view of what needs to be done this year to balance supply and demand, and bring down inflation. A further increase of 24bps seems the right size. But the pace will still depend on…

EURUSD, Range, Futures, Open Interest and Sentiment Talking Points:The Market Perspective: EURUSD Bearish Below 1.0700As EURUSD is held up by the 50-day SMA with a dearth of high-profile event risk through the rest of this week, it is worth throttling the time frame to evaluate more timely levelsA four-hour chart of EURUSD reflects more reasonable immediate activity, but on the opposite end of the spectrum there is a long-term build up in Euro futures exposure that should be monitored Recommended by John Kicklighter How to Trade EUR/USD There has been some significant technical activity from EURUSD this past week. With…