Author: FX
Luis Alvarez/DigitalVision via Getty Images Five9 is closing in on a deal with Anson Funds Management and other activists investors who have pushed the call-center software provider to take steps to increase its share price, Reuters reported Sunday, citing people familiar with the matter. According Source link
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This week our currency strategists focused on the Australian Q3 GDP Report and its potential impact on the Australian dollar for potential high-quality setups. Out of the four scenario/price outlook discussions this week, one discussion 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…
GenAI being adopted at double the pace of PCs or internet Source link
Investing.com — President-elect Donald Trump has already signaled that trade tariffs are likely to form part of his political agenda, but against concerns that a tit-for-tat U.S.-EU trade spat could threaten a fresh wave of inflation, Citi argues that tariffs may prove deflationary in the Eurozone at a time when the economy is in the doldrums. “Even if the EU retaliates like-for-like with reciprocal tariffs, the HICP impact is likely negligible,” Citi economists said in a recent note. Imports from the U.S. make up just over 10% of euro area goods imports, a quarter of which is energy but this…
Dec. 08, 2024 5:30 AM ETBy: Kim Khan, SA News Editor JohnnyGreig/E+ via Getty Images The rule of the Assad family in Syria has ended after 50 years as rebels took control of Damascus Sunday. Syrian state television aired a video statement by a group of men saying that President Bashar Assad had been overthrown Source link
Investing.com — BCA Research challenged the assumption that Trump’s immigration policies will tighten the labor market and stoke inflation in a note to clients this week. An analyst at the firm said that while a smaller labor supply is a likely outcome, this will also reduce labor demand. “Immigrants’ contribution to aggregate demand goes beyond their spending on goods and services,” the firm states. “It also includes spending that takes place on their behalf. For example, while illegal immigrants are ineligible for most government welfare programs, they have access to emergency Medicaid services. They can also collect benefits on behalf of…
UPCOMING EVENTS:Monday: China CPI.Tuesday: RBA Policy Decision, US NFIB Small Business Optimism Index.Wednesday: Japan Tankan Index, Japan PPI, US CPI, BoC Policy Decision.Thursday: Australia Labour Market report, SNB Policy Decision, ECB Policy Decision, US PPI, US Jobless Claims, New Zealand Manufacturing PMI.Friday: BoJ Tankan Index, UK GDP.MondayThe Chinese CPI Y/Y is expected at 0.5% vs. 0.3% prior, while the M/M measure is seen at -0.4% vs. -0.3% prior. Real rates in China continue to be too high when there’s a strong need for very low and even negative rates in such economic circumstances. Chinese officials keep pledging more support but…
By Sebin Choi and Eduardo Baptista SEOUL (Reuters) – When President Yoon Suk Yeol declared martial law, for the first time in South Korea since 1980, 70-year-old Lee Chul-Woo was reminded of his youth, much of it spent protesting right-wing military strongman rule. The swift rejection and failure of Yoon’s move partly stems from that painful history, which millions of South Koreans can still vividly recall. There have been more than a dozen instances of martial law being declared since South Korea was established as a republic in 1948. Lee, a supporter of main opposition party leader Lee Jae-myung who…
Data released Saturday by the People’s Bank of China revealed that it has resumed buying gold. It was the largest official buyer in the world in 2023 as it looked to be headed on a multi-year effort to diversify out of US dollars.That changed this year as officials seemingly became price sensitive as buying stopped in May after the rise above $2400.Gold weeklyThe news of the PBOC shift on June 7 led to a $100 decline in gold prices.Evidently, there has been a change of heart from the PBOC as holdings rose to 72.96 million fine troy ounces at the…