Author: FX

Grafner/iStock via Getty Images Update 9:05pm: Updates with Stratasys comment. Nano Dimension (NASDAQ:NNDM) offered to acquire rival 3D printer maker Stratasys (NASDAQ:SSYS) for $18 a share in cash. Stratasys surged 14% in after hours trading. Nano Dimension fell 6.5%. Nano Dimension (NNDM) has held “constructive, informal” talks with the Stratasys (SSYS) regarding the non-binding offer and the merits of a combination, according to a statement. NNDM said in a letter to SSYS’s board that it’s prepared to complete due diligence and negotiate a definite agreement within 30 days. Stratasys (SSYS) confirmed that it received the unsolicited bid and said its…

© Reuters. A general view of a trailer loaded with vehicles to send to Ukraine, which were confiscated from drunk drivers, in Riga, Latvia March 8, 2023. REUTERS/Janis Laizans By Andrius Sytas RIGA (Reuters) – Latvia began seizing cars from heavily drunk drivers this year, and as hundreds of vehicles began overfilling impound lots, decided to send them to Ukrainian military and hospitals. Seven cars were driven in a snowstorm onto a trailer and out of a state impound lot on Wednesday, destined for Ukraine. Two hundred cars were taken from drivers found with blood alcohol levels over 0.15% in…

<ul><li><a href="https://www.forexlive.com/news/us-weekly-initial-jobless-claims-211k-vs-195k-expected-20230309/">US weekly initial jobless claims 211K vs 195K expected</a></li><li><a href="https://www.forexlive.com/centralbank/bank-of-canadas-rogers-need-to-see-more-evidence-to-fully-assess-if-rates-high-enough-20230309/">Bank of Canada's Rogers: Need to see more evidence to fully assess if rates high enough</a></li><li><a href="https://www.forexlive.com/centralbank/bocs-rogers-falling-canadian-dollar-would-put-upwards-pressure-on-inflation-20230309/">BOC's Rogers: Falling Canadian dollar would put upwards pressure on inflation</a></li><li><a href="https://www.forexlive.com/news/preview-february-non-farm-payrolls-by-the-numbers-20230309/">Preview: February non-farm payrolls by the numbers</a></li><li><a href="https://www.forexlive.com/news/us-treasury-auctions-off-18-billion-of-30-year-bonds-at-a-high-yield-of-3877-20230309/">US treasury auctions off $18 billion of 30 year bonds at a high yield of 3.877%</a></li><li><a href="https://www.forexlive.com/centralbank/household-net-worth-increased-by-29-trillion-in-4q-20230309/">Household net worth increased by $2.9 trillion in 4Q</a></li><li><a href="https://www.forexlive.com/news/us-mortgage-rates-continue-to-tick-up-rising-to-673-from-665-prior-20230309/">US mortgage rates continue to tick up, rising to 6.73% from 6.65% prior</a></li><li><a href="https://www.forexlive.com/Cryptocurrency/feds-barr-crypto-still-potentially-transformative-but-needs-appropriate-guardrails-20230309/">Fed's Barr: Crypto still potentially transformative but needs appropriate guardrails</a></li></ul><p>Markets:</p><ul><li>Gold up $17 to $1830</li><li>US 10-year yields down 7…

Share: Bank of Canada Senior Deputy Governor Carolyn Rogers said on Thursday they are looking for more evidence that the current interest rate levels are high enough. In a prepared speech to be delivered at the Manitoba Chambers of Commerce approximately at 18:55 GMT, she talks “about the factors behind high inflation and how we know inflation is falling.” Key takeaways “Yesterday, we decided to leave the policy rate at its current level of 4.50%. We also continued our policy of quantitative tightening.” “It’s a conditional pause, though. If economic developments unfold as we projected and inflation comes…

USD/JPY Analysis Recommended by Richard Snow Get Your Free JPY Forecast Final BoJ Meeting for Outgoing Kuroda, NFP and Average Hourly EarningsHaruhiko Kuroda will preside over his final Bank of Japan policy meeting tomorrow after the Japan’s lower house approved the nomination of Kazuo Ueda. Ueda is expected to be approved by the upper house tomorrow and will chair his first policy meeting at the end of April.After initially hawkish comments, Ueda has been seen to backtrack on indications that the status quo will be changed soon after his appointment. He has however mentioned that a change in policy will…

Bitcoin prices are heading for another solid weekly loss, as markets adjust to the prospect of more aggressive monetary tightening, which is expected to dampen world growth and demand this year. Concern over aggressive central bank action after Powell’s 2-day testimony is weighing on the growth outlook and supporting haven flows, but dealt a blow to Gold and Bitcoin, as the US Dollar was back in demand. According to CoinShares, investments in crypto funds fell by $17 million last week, the fourth consecutive week of outflows— investments in Bitcoin funds fell $20 million, while Ethereum rose by $0.7 million. Investments…

Nina Shatirishvili/iStock via Getty Images KeyBanc Capital Markets upgraded VICI Properties (NYSE:VICI) to an Overweight rating from Sector Weight, while pushing Gaming and Leisure Properties (NASDAQ:GLPI) down to a Sector Weight rating from Overweight. Analyst Todd Thomas and team see potential for an improving internal growth outlook for VICI materializing amid the higher inflationary backdrop and pointed to the potential for a higher level of accretive investment activity. Those factors are seen helping push 2023 and 2024 estimates higher on VICI and create a performance gap with GLPI and other real estate REITS. A key point to watch in the…

Supports and Resistances are key levels in which traders should look out for. These are levels in which price tends to find it difficult to break through. There are several scenarios which couple of scenarios which often take place on valid support and resistance areas. At times, price would break through such areas. This scenario is called a momentum breakout condition which can occur as a breakout from a resistance level or a breakdown from a support level. Often times, price would bounce off these levels. Price would often reverse back down as it hits a valid resistance level or…

Trending markets can provide excellent trading opportunities because it is easy to identify the direction where the market is moving. Traders simply need to identify the direction of the trend and trade in that direction. After doing so, traders should then identify the entry level where they would want to open a trade. Pullbacks are great options as it allows traders to enter a trending market at a near optimum price level. This trading strategy shows us how we can trade pullbacks on a trending market using the RSI of MACD Double indicator. RSI of MACD Double Indicator The RSI…

© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks as he attends a Democratic National Committee rally at Richard Montgomery High School in Rockville, Maryland, U.S., August 25, 2022. REUTERS/Jonathan Ernst By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will travel to the swing-state of Pennsylvania on Thursday to unveil a federal budget plan laden with spending proposals and higher taxes on the wealthy that will form a blueprint for his expected 2024 re-election bid. Biden’s proposal, which resurrects many items stripped from last year’s budget plan, faces even stiffer opposition in Congress this year, after Republicans…