Author: FX
By Eduardo Baptista, Hyunsu Yim and Joyce Lee SEOUL (Reuters) -Authorities sought on Friday to execute an unprecedented arrest warrant for impeached South Korean President Yoon Suk Yeol, evading a crowd of protesters that faced off with police outside his residence and vowed to block any attempt. Yoon is under criminal investigation for insurrection over his Dec. 3. martial law attempt that stunned South Korea, Asia’s fourth-largest economy and one of the region’s most vibrant democracies. An arrest would be the first for an incumbent South Korean president. Officials from the Corruption Investigation Office for High-ranking Officials (CIO), which is…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The US Dollar rose to the top of the forex pile on the first day of trading in 2025 as broader markets keep one foot firmly planted in the safe haven currency. Traders may not be the biggest fans of the US Dollar in policy terms, but the USD is still the de facto winner by default amid a global backdrop of wobbly economic conditions. Here’s what you need to know heading into Friday, January 3 The US Dollar Index (DXY) rallied hard to celebrate the kickoff of the 2025 trading season, rising roughly eight-tenths of one percent and tapping…
By Tim Reid, Ned Randolph and Helen Coster WASHINGTON/NEW ORLEANS (Reuters) – Law-enforcement officials in U.S. cities were beefing up security on Thursday after a deadly attack in New Orleans and an explosion outside a Trump hotel in Las Vegas raised fears of more threats in a month packed with large-scale public events. Police in Washington, the site of the Jan. 9 state funeral for former President Jimmy Carter and President-elect Donald Trump’s Jan. 20 inauguration, said in a statement it has raised security across the city “in light of recent events,” and that the community will notice an increased…
We Are Although the biggest stock stocks in the S&P 500 (SP500) represent over a third of the index, its valuations are cheaper, according to UBS. The S&P 500 (SP500) has become increasingly concentrated over the past decade. The largest six stocks – ( Source link
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
The Dow Jones cycled near familiar levels on the first trading day of 2025. Tepid intraday flows crimp hopes for a ‘Santa Clause rally’. Initial Jobless Claims improved, but not enough to spark a firm risk-on bid. The Dow Jones Industrial Average (DJIA) fizzled on Thursday, kicking off the 2025 trading year with a flat performance and churning chart paper near 42,500. Equities were middling overall during the US market session, with early gains reversing through the day. The first week of 2025 remains thin on the economic calendar overall, though US ISM Manufacturing Purchasing Managers Index (PMI) survey results…
Jan. 02, 2025 11:44 AM ETSPDR® S&P Bank ETF (KBE)SCHW, JPM, WFC, USB, MTB, SNEX, BRKL, PNC, AB, EWBC, COLB, TMP, FUNC, NECB, UNTY, FSFG, BSVN, PBAM, PDLB, VCTR, SP500, TCBXBy: Monica L. Correa, SA News Editor ultramarine5/iStock via Getty Images The banking sector (NYSEARCA:KBE) is believed to benefit tremendously from the change in the White House – here the top Quant-rated stocks within banks. Jim Cramer in his “Stop Trading” segment on CNBC said that the group is not expensive. Banks, which are trading Source link
By David Shepardson WASHINGTON (Reuters) – The U.S. Commerce Department said on Thursday it is considering new rules that would impose restrictions on Chinese drones that would restrict or ban them in the United States citing national security concerns. The department said it was seeking public comments by March 4 on potential rules to safeguard the supply chain for drones, saying threats from China and Russia “may offer our adversaries the ability to remotely access and manipulate these devices, exposing sensitive U.S. data.” China accounts for the vast majority of U.S. commercial drone sales. In September, Commerce Secretary Gina Raimondo…
TSLA sharesShares of Tesla have been a big post-election winner as Elon Musk cozies up to the President-elect.There has been some selling of TSLA in the past week, in part because of angst about auto sales. The Q4 number will be released around the top of the hour and the consensus is 506,763.I’m tempted to lean on the higher side because of the usual end-of-quarter incentives from Tesla and because the company forecast ‘slight growth’ in sales in 2024. In order to grow at all in the year, the company will need to sell about 515,000 cars this quarter.The big…