Author: FX
Korro Bio Inc.’s (NASDAQ:KRRO) Chief Financial Officer, Vineet Agarwal, recently sold shares totaling $799,526, according to a recent SEC filing. The transactions, which took place on October 17, involved the sale of common stock at prices ranging from $71.509 to $82.89 per share. The transactions were conducted under a pre-established Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for selling company shares. This plan was adopted by Agarwal on July 19, 2024. In addition to the sales, Agarwal also acquired shares through stock option exercises. The total value of these acquisitions was $122,467, with…
Gold rises 0.98%, reaching $2,720 as geopolitical tensions and US election concerns drive demand for safe-haven assets. Falling US Treasury yields and the weakening US Dollar further boost Bullion prices, with the US Dollar Index dropping to 103.45. Analysts predict continued Gold gains with Citi’s Max Layton forecasting prices could reach $3,000 an ounce within 6-12 months. Gold prices continued to print record highs after breaching the $2,700 figure amid uncertainty surrounding the US election and tensions in the Middle East. This weighed on US Treasury bond yields and the Greenback, which tumbled to a two-day low of 103.45 after…
EUR/USD rebounded on Friday, clipping a week-long losing streak. A last-second recovery in Fiber bids came from broad-market Greenback weakness. The Euro remains poised for further losses after another rate cut from the ECB this week. EUR/USD drifted into a rebound on Friday, snapping a four-day losing streak. A wider selloff in Greenback flows off the back of a broad-market recovery in risk appetite was the primary driver in Fiber gains to wrap up the trading week, rather than any intrinsic boosts in Euro markets. A midweek rate cut from the European Central Bank (ECB) gave markets little reason to…
GBP/USD found the gas for a thin rally on Friday. Upbeat UK Retail Sales figures helped the Pound find its footing. A broad-market pivot out of the Greenback further aided Dollar pairs. GBP/USD extended a near-term recovery rally to wrap up the trading week, inching back in a familiar congestion zone and clawing back meager gains from the midweek’s backslide into the 1.3000 handle. The Pound Sterling was bolstered by better-than-expected UK Retail Sales figures, with gains further buoyed by a broad-market easing in Greenback bidding. UK Retail Sales bounced 0.3% in September, falling back from August’s 1.0% but still…
USD/JPY retreats from a two-month high of 150.32, pressured by a decline in US Treasury yields. The pair faces key resistance at the 100-DMA and top of the Ichimoku Cloud around 150.84/151.50 before turning bullish. Further declines could see USD/JPY testing support at 148.84, with a potential drop to 147.35 if sellers gain momentum. The USD/JPY retreats after hitting a two-month high of 150.32, edges down over 0.45%, and trades at 149.55 at the time of writing. Broad US Dollar weakness and the US 10-year T-note yield drop capped the pair’s advance to challenge higher prices. USD/JPY Price Forecast: Technical outlook…
NZD/JPY edges lower under the 91.000 mark as selling pressure mounts. RSI declining, suggesting falling buying momentum. The 20-day SMA continues to be a strong barrier. In Friday’s session, the NZD/JPY pair declined by 0.20% to 90.80, encountering increased resistance and losing ground still holding the key 20-day Simple Moving Average (SMA). NZD/JPY daily chart The daily Relative Strength Index (RSI) for NZD/JPY has dropped to 52, indicating a decline in buying pressure. The decreasing RSI values suggest that momentum is shifting in favor of the sellers but while it remains close to the middle point it suggests a neutral…
US Dollar weakens on Friday due to profit-taking. Fed speakers set to comment on monetary policy on Friday, which might set the late session’s pace. US housing data shows a decline in Building Permits and Housing Starts. The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is declining on Friday as profit-taking sets in following a strong rally earlier in the month. The US Dollar retreat comes ahead of a series of speeches by Fed officials on Friday, which could provide further insight into the central bank’s monetary policy stance. Additionally,…
The Aussie Dollar benefits from a weaker US Dollar and strong employment data. China’s economic slowdown weighs on risk sentiment and limits AUD gains. Soft housing data also weighed on the USD on Friday. The AUD/USD pair extended its recovery momentum on Friday and rose mildly to 0.67055, with a positive risk tone and hawkish Reserve Bank of Australia (RBA) expectations due to strong local data underpinning the Aussie. A consolidating US Dollar also helped the pair to rise. Due to strong employment data release this week, markets might start betting on a more hawkish RBA. As for now, the…
The major indices are closing higher for the day with the Nasdaq leading the way. The Dow and the S&P are also higher. The small cap Russell 2000 is closing lower but is higher on the week. The final numbers are showing:Dow Industrial Average rose 36.86 points or 0.09% at 43275.91S&P rose 23.20 points or 0.40% at 5864.67Nasdaq rose 115.94 points or 0.63% at 18489.55Russell 2000. – 4.76 points or -0.21% at 2276.09For the trading week, the major indice rose for the six consecutive week:Dow industrial average rose 0.96%S&P index rose 0.85%NASDAQ index rose 0.80%Russell 2000 rose 1.85%The six week…
Markets:Gold up $27 to record $2719US 10-year yields down 2 bps to 4.07%WTI crude oil down $1.27 to $69.40S&P 500 up 0.3%JPY leads, CAD lagsHappy Friday and an especially happy on to the gold bugs, who are being richly rewarded with a 4-day rally and a fresh all-time high. The bids were strong and steady with dips being bought, despite much better sentiment in Chinese equities today (MCHI up 4.4%).The upbeat mood in China led to a decent retracement in the US dollar and erased most of yesterday’s retail-sales-driven bid. The thinking is that a stronger economy in China will…