Author: FX
Management expects backlog to surpass $100 million soon, with optimism based on additional expected contract awards, normalization of OpEx after investments, and a confident outlook on converting new wins into predictable growth, although risks remain from margin pressure and program timing shifts. Source link
Geopolitical tensions surrounding the U.S.-Iran conflict and the Strait of Hormuz dominated Wednesday’s trading session, keeping oil prices elevated despite the IEA’s record-proposed release of strategic reserves and sending Treasury yields sharply higher as traders priced in renewed inflation risk. U.S. equities churned but closed negative as rising energy costs and bond market pressure offset a broadly in-line February CPI report, while the U.S. dollar closed as one of the day’s best-performing major currencies, gaining against all counterparts except the Australian dollar. Check out the forex news and economic updates you may have missed in the latest trading session! Forex…
U.S. equities finished mixed, with the NASDAQ posting a modest gain, while the Dow Jones and Russell 2000 declined. The S&P 500 ended slightly lower. Key takeaway:Energy stocks led the market, boosted by the surge in crude oil prices, while technology also added support. On the downside, consumer discretionary and financial shares lagged, reflecting caution as yields rise and geopolitical risks remain elevatedMajor IndicesDow Jones Industrial Average: 47,417.27 (-0.61%)S&P 500: 6,775.80 (-0.08%)NASDAQ Composite: 22,716.13 (+0.08%)Russell 2000: 2,542.90 (-0.20%)Looking at the components of the S&P, 3 of the 11 components rose led by Energy. The losing sectors of the S&P included.Several…
USD/CHF posted back-to-back bullish days on Wednesday, rising by over 0.25% after the latest US inflation report and as high energy prices pushed US Treasury yields higher, consequently the US Dollar (USD). At the time of writing, the pair trades near 0.7800.USD/CHF Price Forecast: Technical outlookFurther consolidation lies ahead, even though buyers pushed USD/CHF to a fresh two-day high past 0.7800. Nevertheless, momentum continues to favour sellers as buyers have remained unable to clear key resistance at 0.7817, the latest cycle high.The Relative Strength Index (RSI) shows that bulls are gathering some strength, outweighing bears.With that said, USD/CHF must finish…
YieldMax™ GOOGL Option Income Strategy ETF declares $0.0871 dividend Source link
Synopsys rolls out new software tools for designing AI chips Source link
February’s U.S. CPI report — released this morning (March 11) — came in exactly as expected. According to the Bureau of Labor Statistics, headline CPI rose 0.3% month-over-month and held steady at 2.4% year-over-year. Core CPI, which strips out food and energy, printed 0.2% m/m and 2.5% y/y, both matching consensus forecasts. The immediate market reaction was relatively muted — the U.S. Dollar Index edged slightly higher, while equities slumped later in the session as Treasury yields pushed higher. Markets appear to be looking through this “pre-Iran conflict” snapshot and positioning for what elevated oil prices could mean for the March…
US President Trump said tanker crews should “show some guts” and sail through the Strait of Hormuz.But overnight, an Iranian drone boat hit the cargo vessel Mayuree Naree Bangkok. Twenty sailors were evacuated but three are reportly still missing, perhaps trapped in the engine room.The timeline of “a few weeks” set out by Macron isn’t what the oil market wants to hear. Trump has said he will wrap up the war soon and how soon that is will go a long way towards determining where oil prices land.In the meantime, it’s going to be tough for ships to make the…
According to a draft copy of the Organization of the Petroleum Exporting Countries (OPEC) report seen by Reuters, the cartel left its forecasts for global Oil demand growth in 2026 and 2027 unchanged. The organization noted that current geopolitical developments require close monitoring, but said it is still too early to determine whether they could significantly impact its projections for global economic growth.On the supply side, the report showed that Crude output from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) averaged 42.72 million barrels per day in February, representing an increase of 445,000 barrels per day…
In trading, it is very easy to get lost in the game. You get on your trading platform, try to get some pips, and in the process, you usually forget the most basic risk management practices. That’s why it helps to build simple routines that keep your risk in check. Here are five everyday habits that might help in limiting your risk exposure: 1. Double, triple, and even quadruple-check your orders Electronic trading has made it very easy for traders to execute trades. However, the convenience also makes mistakes easier. Having a well-thought-out trading plan would be useless if you do not…