Author: FX
The major US stock indices are not been impacted by the voting for the Speaker of the House. The major indices are trading to new session highs in the currency hourly bar. Dow industrial average is up 333 points or 0.79% at 42726. For the week, the index is down -0.62% currentlyS&P index is up 73.73 points or 1.27% at 5944. For the trading week currently, the index is down -0.48%NASDAQ index is up 330. points or 1.71% at 19612. For the trading week the index is down -0.56% This article was written by Greg Michalowski at www.forexlive.com. Source link
GBP/USD found a thin recovery on Friday, gaining roughly four-tenths of one percent and ending the first trading week of 2025 back above the 1.2400 handle. UK macroeconomic and consumer credit data broadly missed the mark early on Friday, but the low-tier figures barely registered on the needle. On the US side, US business activity survey results helped to keep investor sentiment on the hopeful side, keeping risk appetite on the high side. Read More… The Pound Sterling (GBP) trades near a more-than-eight-month low around 1.2400 against the US Dollar (USD) in Friday’s North A session. The GBP/USD pair is under pressure while…
simoncarter Momentum was the best trading factor group in 2024, up 19%, according to BofA Securities. Below are buy-rated U.S. stocks by SA Quant Metrics (with Quant ratings of at least 4.5) and the highest relative strength index (or RSI). Values above 70 indicate overbought conditions, and Source link
Gold bids cooled back below $2,650, crimping the week’s gains at the tail end. Market risk appetite recovered on Friday after US ISM data improved. Fedspeak further cooled investors concerns, Fed’s Barkin soothes market concerns. XAU/USD dipped on Friday, with Gold prices falling roughly two-thirds of a percent and dipping back below $2,650 per ounce as market sentiment recovers from the early week’s risk-off appetite. It’s been a wobbly start to global markets during the first week of the 2025 trading season, but investors are still looking for reasons to firm up their stance heading into the new year. Federal…
Autumn R. Bayles, a director at QNB Corp (OTC:QNBC), has acquired additional shares of the company’s common stock, according to a recent SEC filing. On January 2, 2025, Bayles purchased 117 shares at a price of $33.92 per share, totaling approximately $3,968. The purchase comes as the $125 million market cap company trades near its 52-week high of $34, having delivered an impressive 49% return over the past six months. This acquisition was made under the 2023 Non-Employee Director Compensation Plan, as noted in the filing. Following this transaction, Bayles now holds a total of 2,337.4819 shares, which includes shares…
Federal Reserve (Fed) Bank of Richmond President Tom Barkin delivered prepared remarks to the Maryland Bankers Association in Maryland on Friday, outlining the Fed’s case for when to cut rates again, and the conditions required to do so. Fed’s Barkin also downplayed direct and immediate impacts of incoming President Donald Trump’s planned sweeping tariff plan. Key highlights Too much uncertainty to factor the Trump policy into the outlook. We must see inflation at 2% or weakening in demand to cut rates. The message from businesses is loud and clear that consumers are becoming more price sensitive. I am in the…
Atlanta Fed GDPNow growth estimate for Q4 2024 falls to 2.4% versus 2.6% on January 2. In their own words:The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2024 is 2.4 percent on January 3, down from 2.6 percent on January 2. After this morning’s Manufacturing ISM Report on Business from the Institute for Supply Management, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth decreased from 3.2 percent and -0.7 percent, respectively, to 3.0 percent and -0.9 percent.The next GDPNow update is Tuesday,…
The business activity in the US manufacturing sector contracted at a softer pace than expected in December. The US Dollar Index stays in negative territory near 109.00. The business activity in the US manufacturing sector continued to contract, albeit at a softening pace in December, with the ISM Manufacturing PMI rising to 49.3 from 48.4 in November. This reading came in better than the market expectation of 48.4. The Employment Index of the PMI survey edged lower to 45.3 from 48.1 in the same period and the Prices Paid Index climbed to 52.5 from 50.3, highlighting stronger price pressures. Finally, the New…
AUD/USD trades back and forth around 0.6200 with investors focusing on the US ISM Manufacturing PMI data. The Fed has signaled fewer interest rate cuts for this year. RBA policymakers need to be confident that inflation will decline as per their expectations before pivoting to interest rate cuts. The AUD/USD pair trades sideways around 0.6200 in Friday’s North American session. The Aussie pair consolidates as investors await the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data for December, which will be published at 15:00 GMT. Economists expect the Manufacturing PMI to have remained unchanged at 48.4, suggesting that…
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund declares $0.0664 dividend Source link