Author: FX
By Alexander Cornwell and Nidal al-Mughrabi JERUSALEM/CAIRO (Reuters) -Israel’s cabinet approved a deal with Palestinian militant group Hamas for a ceasefire and release of hostages in the Gaza Strip, Prime Minister Benjamin Netanyahu’s office said on Saturday, a day before the agreement’s scheduled start. In the early hours of Saturday, after meeting for more than six hours, the government ratified the agreement that could pave the way for an end to the 15-month-old war in the Palestinian enclave, which Hamas controls. “The Government has approved the framework for the return of the hostages. The framework for the hostages’ release will…
Here is my base case.Greenland:This is a real pet project of Trump’s. He’s a real estate guy, it’s the biggest island in the world and there are only 56,000 people there. Denmark is weak, there is already a US base on the island and there are probably a lot of natural resources waiting to be discovered. Plus, imperialism is kinda fun.Panama canal:Some friends in shipping have been complaining to him about the cost to use the canal and they don’t like it. America did build the canal but American ships or those bringing goods to America don’t get any special…
Investing.com — There has been widespread debate about the sustainability of recent increases in global bond yields, as well as their potential impact on financial markets and economies. Although short-term dynamics may support elevated yields, cyclical forces and structural factors indicate that yields will eventually stabilize, as per analysts at BCA Research. The rise in bond yields, particularly since the first rate cuts by the U.S. Federal Reserve in late 2024, reflects a combination of factors. Adjustments in monetary policy expectations have been a major driver, with the market reassessing the trajectory of future rate hikes. This realignment has reverberated…
By Joyce Lee and Ju-min Park SEOUL (Reuters) -South Korea’s impeached President Yoon Suk Yeol attended a court hearing on Saturday to fight a request by investigators to extend his detention on accusations of insurrection, his lawyer said. Yoon on Wednesday became the country’s first sitting president to be arrested, in a criminal probe related to his short-lived declaration of martial law on Dec. 3. Investigators requested a detention warrant on Friday to extend their custody of Yoon for up to 20 days. He has been refusing to talk to investigators and has been held in Seoul Detention Centre since…
The Trend Continuation Factor and Hurst Exponent Forex trading strategy is a powerful approach that helps traders assess the likelihood of a trend persisting in the Forex market. In an environment where market conditions constantly change, one of the most critical challenges traders face is determining whether a current trend will continue or if a reversal is imminent. By combining the Trend Continuation Factor, which measures the strength of a trend, and the Hurst Exponent, which evaluates the market’s long-term memory, this strategy offers traders a sophisticated way to identify high-probability trend-following opportunities. The Trend Continuation Factor is designed to…
Many new forex traders struggle to understand market trends. Fundamental analysis helps by focusing on factors like economic data, interest rates, and political events. This blog explains how to use fundamental analysis to make better trading decisions. Keep reading it’s easier than you think! Key Takeaways Fundamental analysis helps traders understand what drives currency prices, like GDP growth, interest rates, and inflation. Events like Brexit in 2016 show how political changes can cause big market shifts, such as the British pound dropping 20%. Central banks control interest rates to manage inflation and impact currency strength. Higher rates make currencies stronger.…
halbergman/E+ via Getty ImagesHF Sinclair (NYSE:DINO) agrees to pay a $35M civil penalty and implement compliance measures at an estimated cost of $137M to resolve alleged violations of the Clean Air Act and state laws at its Navajo oil refinery in New Mexico, the Source link
Gold slightly down in late trading, still up 0.40% for the week amid geopolitical tensions. Mixed US economic data; higher Housing Starts, lower Building Permits minimally impact Bullion. Fed Governor Waller’s dovish comments suggest potential for early rate cuts. Gold’s price dropped late in the North American session, but it is set to finish the week with gains of over 0.40% as market players await the inauguration of US President-elect Donald Trump. Although the XAU/USD trades at $2,701, down 0.44%, investors continued to buy the golden metal due to political uncertainty. The precious metal continues to be driven by geopolitics…
Steven Weber, the Principal Accounting Officer at IGM Biosciences, Inc. (NASDAQ:), recently sold shares of the company’s common stock. The transaction comes as the stock has experienced significant pressure, down over 70% year-to-date according to InvestingPro data, with the current price of $1.77 representing just 8% of its 52-week high of $22.50. According to a filing with the Securities and Exchange Commission, Weber sold 1,122 shares on January 15, 2025, at a weighted average price of approximately $1.70 per share. The transaction, which amounted to a total value of $1,907, was executed through multiple trades at prices ranging from $1.60…
Mexican Peso recovers as China’s 5% GDP growth for 2024 boosts global sentiment. EU-Mexico trade agreement revival pre-Trump inauguration boosts Peso optimism. IMF and World Bank predict modest Mexican growth in 2025, cite domestic and US political risks. The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and appreciates against the Greenback due to an improvement in risk appetite following China’s upbeat GDP figures. The USD/MXN trades at 20.72, down 0.38%. During the Asian session, China announced its Gross Domestic Product (GDP) rose by 5% in 2024, meeting the government’s goal for the…