Author: FX
Trump says he’ll let economic pressure squeeze Iran instead of new strikes, but Tehran is hardening its Hormuz stance and oil is climbing again. Source link
Intel is selling $15 billion of common stock in a secondary offering as it dilutes shareholders (and the US government). Underwriters have an option for $2.25 billion more as well.Intel closed Friday at $101.65 for a market cap of about $562 billion, with a 52-week range of $19.61 to $142.35. The stock is up roughly 170% in 2026. At current levels the full deal including the greenshoe is around 3% dilution. That is a cheap way to fund a fab but it’s indicative of a market where debt is getting harder to fund. Google earlier this year surprised markets by…
USD/CAD trades around 1.3940 on Monday at the time of writing, virtually unchanged on the day, after falling sharply on Friday. The US Dollar (USD) benefits from cautious safe-haven demand as geopolitical tensions in the Middle East remain elevated, while rebounding Oil prices provide support for the Canadian Dollar (CAD).Concerns surrounding the conflict between the United States (US) and Iran continue to weigh on risk appetite, with particular attention focused on the Strait of Hormuz. Tehran indicates that talks with Oman aimed at establishing a safe shipping route through the strategic waterway are nearing an agreement, while stressing that any…
The USD is at a crossroads ahead of CPI, while the AUD awaits RBA rate decision !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Here is what you need to know on Monday, August 10:The US Dollar (USD) holds steady at the beginning of the new week after suffering heavy losses against its major rivals following the disappointing labor market data on Friday. Sentix Investor Confidence data for August will be featured in the European economic calendar on Monday.The data published by the US Bureau of Labor Statistics showed that Nonfarm Payrolls (NFP) declined by 23K in July, missing the market expectation for an increase of 80K by a wide margin. Moreover, June’s increase of 57K was revised lower to 20K. With the immediate…
If the RBA emphasizes cooling inflation pressures, traders could scale back their rate-hike bets, dragging the Aussie lower against Sterling and the yen. Source link
The RBA is still widely expected to hold rates at 4.35% in this week’s rate decision, but reiterating that this is merely a pause in their tightening cycle could keep AUD bulls hopeful for more hikes. Here’s what I’m watching on AUD/USD and AUD/NZD. Source link
Kosdaq circuit breaker triggered as Korean tech stocks surge. Kospi, Nikkei rise. !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !”#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Source link
Will the RBA be ready to resume tightening anytime soon? This upcoming monetary policy statement might have some clues, so here’s what to look out for. Source link
The EUR/USD pair kicks off the new week on a subdued note and trades just above 1.1550 during the Asian session, well within striking distance of a fresh high since June 17, touched in reaction to the disappointing US jobs data on Friday.The closely watched US Nonfarm Payrolls (NFP) showed that the economy lost 23K jobs in July, missing consensus estimates of 80K by a wide margin. Adding to this, the previous month’s reading was revised lower to show an addition of 20K jobs, compared to the 57K reported originally. Further details revealed that annual wage inflation, as measured by…