Author: FX
The Pound Sterling shows strength ahead of key central bank decisions this week.The BoE is set to lower rates on Thursday, with market participants expecting the central bank to guide an acceleration in policy-easing and lower GDP growth prospects.The Fed is almost certain to keep interest rates steady on Wednesday.The Pound Sterling (GBP) surges to near 1.3390 against the US Dollar (USD) during North American trading hours on Tuesday. The GBP/USD pair strengthens as the US Dollar declines, while investors await the monetary policy decision from the Federal Reserve (Fed), which will be announced on Wednesday. The US Dollar Index…
Bioventus press release (NASDAQ:BVS): Q1 Non-GAAP EPS of $0.08 beats by $0.06. Revenue of $123.88M (-4.3% Y/Y) beats by $1.17M. Q1 reported revenue of $123.9 million declined 4.3%; Organic revenue advanced 5.0% 2025 Financial Guidance: Net sales of $560 million to $570 Source link
US dollar’s safe haven halo flickers amid Fed, fiscal and trade jitters – Reuters poll Source link
Final Services PMI 49.0 vs 48.9 preliminaryPrior 52.5 Final Composite PMI 48.5 vs 48.2 preliminaryPrior 51.5 Key findings:Renewed downturn in new work weighs on service sector output Fastest decline in export sales since February 2021 Business activity expectations slump to a two-and- a-half year lowComment:Tim Moore, Economics Director at S&P Global Market Intelligence, said: “UK service sector output slipped into contraction for the first time in one-and-a-half years as heightened business uncertainty weighed on order books during April. Export conditions were particularly weak, with new business from abroad falling to the greatest extent since February 2021. “Survey respondents often commented…
Gold price continues to attract safe-haven flows amid rising geopolitical tensions.Subdued USD demand also benefits the commodity and contributes to the move up.Bulls, however, seem reluctant ahead of the key FOMC meeting starting on Tuesday.Gold price (XAU/USD) maintains its bid tone heading into the European session and currently trades just below a nearly two-week high touched earlier this Tuesday. Investors remain worried about US President Donald Trump’s rapidly shifting stance on trade policies and their impact on the global economy. This, along with geopolitical tensions on the back of the protracted Russia-Ukraine war and fresh conflicts in the Middle East,…
May 06, 2025 2:32 AM ETInternational Business Machines Corporation (IBM) Stock, IBM:CA StockAMZN, MSFT, ORCL, CRM, ADBE, SAP, NOW, WDAYBy: Manshi Mamtora, CFAjozzeppe IBM (NYSE:IBM) is making a major push for leadership in the AI market while doubling down on U.S. investment. At the tech giant’s annual THINK event, the company unveiled new hybrid AI technologies designed to help businesses scale and Source link
U.S. crude oil prices bounced higher after hitting its April lows near $55.00. Will the Black Crack find enough bullish momentum to bust through the closest key resistance zone? We’re checkin’ out the daily time frame, yo! WTI Crude Oil (USOIL) Daily Chart by TradingView If you were too busy judging the 2025 Met Gala outfits in your pajamas, here’s what you missed: crude oil prices gapped lower to start the week after OPEC+ surprised markets with plans to raise output in June. The drop didn’t last long, though. Hopes for improved global trade and a weaker U.S. dollar gave…
Will New Zealand’s employment data disappoint market expectations and confirm the RBNZ’s dovish bias? Our Event Guide for New Zealand’s Q1 2025 Jobs Report suggests mixed labor market indicators, with BusinessNZ economic conditions showing labor market indicators down from -4 to -5, while manufacturing PMI employment levels reached their highest since July 2021. Here’s what I’m watching on GBPNZD and NZDCHF if we see weaker-than-expected employment figures: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus…
The Camarilla Flat and Clear MT4 Indicator is a powerful tool designed to help Forex traders identify critical support and resistance levels with ease. It is based on the Camarilla equation, which is a mathematical formula used to predict potential price points in the market. The formula is applied to determine important support and resistance levels that can help traders pinpoint key areas where price reversals or breakthroughs might occur. This indicator displays these levels clearly on the chart, making it much easier for traders to make decisions based on reliable data. The Camarilla equation itself is derived from previous…
Can a strong employment report from New Zealand dash further hopes of RBNZ easing? Our Event Guide for the NZ Jobs Release points out that the manufacturing industry has been reporting gains in hiring for most of Q1, possibly enough to result in an upside surprise. Here’s what I’m looking at on NZD/JPY and AUD/NZD if that happens. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Unlimited Access access to MarketMilk™ Plus More! Source link