Author: FX

The United States (USD) and the United Kingdom (UK) administration imposed tougher sanctions against Russia’s oil industry, targeting nearly 200 vessels of the so-called “shadow fleet,” major oil companies, and associated entities, the Office of Foreign Assets Control (OFAC) said on Friday.The measures also target two of Russia’s major oil producers, Gazprom Neft and Surgutneftegaz, along with dozens of their subsidiaries, per the BBC. US Treasury Secretary Janet Yellen “The United States is taking sweeping action against Russia’s key source of revenue for funding its brutal and illegal war against Ukraine.”    Market reaction  At the time of writing, the WTI pair is…

Aehr Test Systems (NASDAQ:AEHR) is scheduled to announce Q2 earnings results on Monday, January 13th, after market close. The consensus EPS Estimate is $0.03 (-87.0% Y/Y) and the consensus Revenue Estimate is $15.03M (-29.9% Y/Y). Over the last 2 years, AEHR Source link

(Reuters) -Australia’s Insignia Financial said on Monday that private equity firm Bain Capital has sweetened its bid for the 178-year-old wealth manager, now valuing it at A$2.87 billion ($1.76 billion), matching CC Capital’s bid as the bidding war heats up between the two suitors. Under the offer, Insignia shareholders will receive A$4.30 per share, a 7.5% premium to Bain Capital’s earlier offer. Earlier this year, U.S.-based investment manager CC Capital Partners (WA:) offered to buy Insignia for A$2.87 billion, days after Insignia had rejected Bain Capital’s original takeover offer, saying it did not provide fair value to its shareholders. The…

BUCHAREST (Reuters) – Tens of thousands of Romanians angered by the cancellation of a presidential election marched through Bucharest on Sunday to demand that the ballot should go ahead and that outgoing centrist President Klaus Iohannis should resign. In a move that polarised voters, Romania’s top court voided the presidential election on Dec. 6, two days before the second round. The cancellation came after state documents showed frontrunner Calin Georgescu, a critic of NATO, had benefited from an unfair social media campaign likely to have been orchestrated by Russia, accusations Moscow has denied. The court ordered that the election be…

The first full trading week of 2025 saw significant market movements driven by strong U.S. employment data, evolving central bank expectations, and ongoing geopolitical developments. Monday is right around the corner so it’s time to establish our fundamental framework for understanding potential scenarios in the week ahead. 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 Access to exclusive MarketMilk™ sections Plus More! Source link

This week our currency strategists focused on the Australian CPI update for potential high-quality setups in the Aussie dollar. Out of the four scenario/price outlook discussions this week, two discussions arguably saw both fundie & technical arguments triggered to become potential candidates for a trade & risk management overlay.  Check out our review on those discussions to see what happened! Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our…

UPCOMING EVENTS:Monday: NY Fed Inflation Expectations.Tuesday: US NFIB Small Business Optimism Index, US PPI.Wednesday: UK CPI, US CPI.Thursday: Japan PPI, Australia Employment report, UK GDP, US Retail Sales, US Jobless Claims, US Import Prices, US NAHB Housing Market Index, New Zealand Manufacturing PMI.Friday: China activity data, UK Retail Sales, US Housing Starts and Building Permits, US Industrial Production and Capacity Utilization.TuesdayThe US PPI Y/Y is expected at 3.0% vs. 3.0% prior, while the M/M measure is seen at 0.3% vs. 0.4% prior. The Core PPI Y/Y is expected at 3.2% vs. 3.4% prior, while the M/M measure is seen at…

Mon: N/ATue: EIA STEO; CBR Policy Announcement; Indian WPI (Dec), US PPI (Dec)Wed: IEA OMR, UK CPI (Dec), EZ Industrial Production (Nov), US CPI (Dec), NY Fed Manufacturing (Jan)Thu: ECB Minutes (Dec), BoK Policy Announcement; Australian Employment (Dec), UK GDP (Nov), EZ Trade Balance (Nov), US Import/Export Prices (Dec), Jobless Claims (w/e 11th), Retail Sales (Dec)Fri: UK Retail Sales (Dec), US Building Permits/Housing Starts (Dec), Chinese Activity Data (Dec) and GDP (Q4)Chinese Trade Balance (Sun): December Trade Balance is expected to have widened to USD 99.80bln from November’s USD 97.44bln, with imports seen -1.5% (prev. -3.9%) and exports +7.3% (prev.…

BUDAPEST (Reuters) – Hungary plans to hold talks with regional allies to counter the impact of higher oil prices resulting from a new round of US sanctions on Russia’s oil and gas sector, Hungarian Foreign Minister Peter Szijjarto said on Sunday. U.S. President Joe Biden’s administration imposed its broadest package of sanctions so far targeting Russia’s oil and gas revenues on Friday to give Kyiv and Donald Trump’s incoming team leverage to reach a deal for peace in Ukraine. Oil prices hit a three-month high after the sanctions news broke. The U.S. Treasury imposed sanctions on Russian companies Gazprom (MCX:)…

Investing.com — As we step into 2025, markets are navigating a delicate balance between optimism and caution.  The past year saw remarkable gains, with the posting its best two-year performance since the late 1990s.  The Federal Reserve’s rate cuts, a soft landing for the economy, and the relentless momentum of AI-driven growth created a backdrop of economic stability and investor confidence.  But as analysts at the Sevens Report point out, the year ahead starts with great expectations, and the stakes are higher than ever.  A handful of critical events in January will determine whether the optimism of 2024 carries over…