Author: FX

The U.S. dollar surged to a seven-month high on Fed rate-hike bets as a technology-led selloff dragged equities, Bitcoin, and gold lower in a sharply risk-off session. Source link

Shares of Wendy’s are down 78% from the June 2021 peak and it’s now valued at 0.6% of McDonald’s by market cap. It was once right in the race for fast food dominance but now it’s getting trounced.First here is the bull case:The market cap is just $1.2 billion, which isn’t even 0.5% of Elon Musk’s net worth. It has almost $4 billion in debt but currently has $300 million in cash. On a trailing basis the free cash flow yield is in the high teens and the current dividend yield (after last year’s cut) is 9.1%.On that basis, it’s…

DBS economist Radhika Rao reports that India and US are close to formalising an interim trade agreement under a new framework first agreed in February. She notes India’s push for tariff advantages versus regional peers, evolving US tariff structures, ambitious purchase commitments, and India’s aim to secure better terms to boost bilateral trade and investment.Interim agreement nears under new framework”The India–US trade framework, initially agreed upon in February, is now in the final stages of being formalized through an interim trade agreement.””The government has pushed for comparative tariff advantages vs regional manufacturing peers and sought assurances that the US administration…

Blackstone plans $30 billion investment in Japan AI data centres, Nikkei reports Source link

US Richmond Fed services index -1 vs +14 priorManufacturing shipments +3 vs +16 priorServices index -1 vs +14 priorNumber of employees -1 vs +3 priorboth shipments and new orders remained in positive territoryThe average growth rate of prices paid increased notably while growth in prices received increased somewhat in JuneThis is a setback after some recent positive momentum. This article was written by Adam Button at investinglive.com. Source link

NASDAQ 100 futures sank nearly 3% in Tuesday’s premarket as high-flying memory chip stocks like Micron (MU) and Sandisk (SNDK) shed part of their recent rallies.The culprit seems to be the Korean Composite Stock Index (KOSPI), which shunted 10% lower overnight. The KOSPI is dominated by Samsung Electronics and SK Hynix, two chipmakers that have both risen at an extraordinary pace over the past year due to spiking prices in the memory chip industry.News emerged in South Korea on Tuesday that SK Hynix was switching some of its outlays from high-bandwidth memory (HBM) production toward traditional dynamic random access memory…

Starmer’s resignation looked like trouble for the pound, but Monday’s Cable rebound showed markets weren’t reading it quite that simply. Source link

I see signals pointing to price pressures in the coming monthsThe Middle East situation is fragile with risk of setbacksLabour market is resilient, household balance sheets are solid and public investment should support activityUncertainty is elevated despite peace prospects and inflation could stay above 2% for quite some timeIncrease in energy prices is expected to keep inflation well above target into the first half of 2027The ECB is to remain attentive to risks on both sides of the outlookEnergy shock is feeding through to broader inflationECB’s Lane warned that inflation risks remain tilted to the upside despite improving geopolitical prospects.…

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note sharp intraday swings in USD/JPY after it spiked to 161.92 then fell to 161.06 before closing at 161.54. Intraday, they expect consolidation between 161.10 and 161.90, but its 1–3 week view still looks for a push toward the 2024 high at 162.00 while 160.65 strong support holds.USD/JPY overbought but still targeting 162.00″24-HOUR VIEW: The following are excerpts from our update yesterday: “The slight increase in upward momentum suggests upside risk today, but any advance is unlikely to break above 161.85. Support is at 161.20; a breach of 161.00…

The Moving Mini Max Indicator MT4 attempts to solve that issue by filtering price movement and highlighting underlying trend strength with smoother reactions. Traders use it to identify short-term momentum shifts without relying only on traditional lagging indicators. In practice, it works best when combined with price action and market structure rather than treated as a standalone signal generator. What Is the Moving Mini Max Indicator MT4? The Moving Mini Max Indicator MT4 is a momentum-based technical analysis tool designed to smooth market noise while identifying potential turning points in price movement. It was inspired by digital signal processing concepts…