Author: FX
Lumine Group (TSXV:LMN:CA) said on Thursday that through one of its wholly-owned subsidiaries, it has entered into an agreement to acquire assets related to the Vidispine brand and business from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA. Source link
(Reuters) – EV maker Nikola (NASDAQ:) is exploring options including selling parts of its business or the entire company as it struggles with a cash crunch, Bloomberg News reported on Thursday. The company’s shares slumped 28% in late-afternoon trading. Possibilities under consideration also include bringing on partners or raising new funds, the report said, citing people familiar with the matter. Nikola did not immediately respond to a Reuters request for comment. Source link
Bank of America maintains a cautious stance on EUR against G10 currencies in the near term due to trade uncertainty, weakened risk sentiment, and relative monetary policy dynamics, particularly following strong US economic data. They see opportunities in EUR/JPY and EUR/CAD downside trades.Key Points:Drivers of EUR Caution:Positioning Risks:USD Positioning:Extended USD long positioning raises concerns for a potential pullback.This dynamic adds a degree of caution to outright EUR/USD downside trades, leading BofA to favor cross-specific strategies.Euro Area Sentiment:BofA notes that Euro-area bearishness is becoming stretched, creating potential limits to further near-term EUR declines.Preferred Trades:EUR/JPY Downside:Monetary policy divergence with a potentially hawkish…
US traders keep watch on the Federal Reserve’s looming rate decision despite ongoing headlines about cuts. President Trump renews criticism of trade imbalances, sparking market chatter about new tax cuts and oil price demands. Solid US growth between 2.5% and 3.0% helps underpin the Greenback, though policy ambiguities weigh on sentiment. Jobless claims rise slightly, suggesting that labor market conditions remain resilient. The US Dollar has turned flat during the US trading session on Thursday. US President Trump spoke at the World Economic Forum in Davos. The US Dollar Index (DXY) is back above 108.00, though it is facing some…
Investing.com — U.S. Senator Cynthia Lummis from Wyoming has been appointed to chair the Senate Banking Subcommittee on Digital Assets. This announcement signifies her growing role in shaping the country’s policies concerning digital assets, including cryptocurrencies like . In a recent statement, Lummis expressed her commitment to the development of a comprehensive legal framework for digital assets. She cited the significance of these assets in financial innovation and the need for the U.S. to maintain its global leadership position in this domain. “Digital assets are the future, and if the United States wants to remain a global leader in financial…
USDCAD 1 hourUSD/CAD reached a session high at 1.4408 shortly before the release of Canadian retail sales but has been largely unmoved since. Canadian economic data is quickly falling to the backburner in terms of market-moving impact for two reasons:1) Tariff risksThe entire economy could be upended if Trump follows through on his 25% tariff threat on February 1. The market thinks it’s mostly bluster but you never know with Trump. Deutsche Bank yesterday said USD/CAD could rise as high as 1.61 in a trade war.2) The GST holidayCanada removed its VAT on many items for a tax holiday from…
Pound Sterling trades with caution as traders price in BoE interest rate cut next month The Pound Sterling (GBP) trades cautiously against its major peers on Thursday as the higher-than-expected United Kingdom (UK) Public Sector Net Borrowing in December has weighed on the economic outlook. The Office for National Statistics (ONS) reported on Wednesday that higher borrowing costs and a one-off payment for the repurchase of military accommodation swelled the budget deficit. This scenario could force Chancellor of the Exchequer Rachel Reeves to raise the tax burden on individuals or trim public spending, which could slow down the already moderate…
By Agata Rybska (Reuters) – Swedish hygiene product and tissue maker Essity could move more of its production into the U.S. from Mexico and Canada if tariffs are introduced by President Donald Trump, but is not considering plant closures, CEO Magnus Groth said on Thursday. Essity generates some 14% of its sales in the U.S. and 10% of the products sold there are imported, mainly from Mexico and Canada, Groth told Reuters in an interview. “We’re looking at ways, if needed, to move production even more into the U.S.,” he said. Groth said, however, that the plants in Canada and…
Prior 94Manufacturing confidence 95Prior 97Services confidence 96Prior 96The French business climate remains subdued to start the new year, even if it showed a marginal improvement to December. The reading remains below its long-term average of 100, reflecting weakness in both the industrial and services sectors. The employment climate indicator showed a marginal improvement at least, up from 97 previously to 98. This article was written by Justin Low at www.forexlive.com. Source link
Here is what you need to know on Thursday, January 23: Major currency pairs fluctuate in relatively tight ranges early Thursday as investors await the next fundamental catalyst. The US economic calendar will feature weekly Initial Jobless Claims data and the US Treasury will hold a 10-year Treasury Inflation-Protected Securities (TIPS) auction. Additionally, the European Commission will release the preliminary Consumer Confidence data for January. US Dollar PRICE This week The table below shows the percentage change of US Dollar (USD) against listed major currencies this week. US Dollar was the weakest against the Euro. USD EUR GBP JPY CAD…