Author: FX
Amid another strong performance, the US Dollar climbed to new six-month tops as investors maintained their optimism around the “Trump trade” ahead of the publication of key US data in the latter part of the week. Here is what you need to know on Wednesday, November 13: The US Dollar Index (DXY) rose past the 106.00 barrier to hit multi-month peaks, helped by the marked bounce in US yields. The release of the US Inflation Rate will be at the centre of the debate, seconded by the MBA’s Mortgage Applications and the API’s weekly report on US crude oil inventories.…
The U.K. labor market showed mixed signals in the quarter ending in September, with wage growth moderating but the unemployment rate rising more than expected. The Office for National Statistics (ONS) reported that regular pay growth (excluding bonuses) eased to 4.8% in the three months to September from 4.9% in August, while the unemployment rate climbed to 4.3% from 4.2%. Key points from the ONS report: Payrolled employees fell by 9,000 (0.0%) over the quarter but rose by 182,000 (0.6%) over the year Regular pay growth (excluding bonuses) slowed to 4.8% in July-September vs. 4.9% Total pay growth (including bonuses)…
sitox/iStock via Getty Images Although secular growth has come back to the top, the current backdrop is favoring cyclicals, according to Steven DeSanctis, SMID-cap strategist at Jefferies, in a note. Growth stocks momentum was supported by a strong reporting season, carried out by the technology Source link
Investing.com – Portugal stocks were lower after the close on Tuesday, as losses in the , and sectors led shares lower. At the close in Lisbon, the fell 1.37% to hit a new 6-months low. The best performers of the session on the were Jeronimo Martins SGPS SA (ELI:), which rose 1.08% or 0.20 points to trade at 18.72 at the close. Meanwhile, Greenvolt Energias Renovaveis SA (ELI:) added 0.61% or 0.05 points to end at 8.25 and Ren Redes Energeticas Nacionais SGPS SA (ELI:) was up 0.22% or 0.01 points to 2.33 in late trade. The worst performers of…
In the kickstart video, I take a look at the 3 major currency pairs:EUR/USD SummaryThe EUR/USD continued its downward trend due to concerns over slower economic growth and increased tariffs under President-elect Trump.Key Points:Initially rose in the Asian session, but sellers took control near 1.0665-1.06703 swing area. That area was the lows from back in June.Staying below the lows from June kept the sellers in controlReached a low of 1.0606, testing April’s swing lows and the year’s lows (since October 2023). A move below the 1.0600 increases the bearish bias. Buyers may lean against the low as risk can be…
Gold falls to key support from a major trendline for the long-term uptrend at $2,600. A strong US Dollar is reducing the price of Gold, whilst competition from Bitcoin and stocks is also bearish. Expectations for the Federal Reserve slowing the pace of interest rate cuts and reduced safe-haven demand could also weigh on Gold’s price. Gold (XAU/USD) trades at seven-week lows around $2,600 as it finds support from a major trendline on Tuesday. A stronger US Dollar (USD) puts pressure on the precious metal due to market perceptions that President-elect Donald Trump’s economic policies will be positive for the…
Tom Cotton to be chair of Senate Intelligence committee, Punchbowl News reports Source link
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The Indian Rupee edges lower in Tuesday’s early European session. Sustained outflows from local equities weigh on the INR. Investors will monitor India’s October Consumer Price Index (CPI) and Fedspeak on Tuesday. The Indian Rupee (INR) remains weak near an all-time low on Tuesday. The downward pressure for the local currency is pressured by persistent foreign fund outflows and a muted trend in domestic equities. Additionally, the renewed US Dollar (USD) demand from oil companies and foreign banks contributes to the INR’s downside. Nonetheless, the significant depreciation of the INR might be capped by the decline in crude oil prices and…
Four Corners Property Trust raises dividend by 3% to $0.355 Source link