Category: Ahead
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FX Watch: EUR/NZD’s Resistance Area Ahead of RBNZ’s Policy Decision
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EUR/NZD is approaching the technical resistance area! Will the pair continue its downward trend this week? Or will the RBNZ policy decision inspire a bullish breakout for its Kiwi counterpart? While we did not see market catalysts yesterday, commodity-related currencies such as the New Zealand dollar fell against their counterparts…
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Microsoft highlights ‘Copilot+’ PCs ahead of developer conference By Reuters
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Written by Max A. Cherny SEATTLE (Reuters) – Microsoft said on Monday it will introduce a new class of personal computers capable of handling more artificial intelligence tasks without the need for cloud data centers. At the event at its campus in Redmond, Washington, CEO Satya Nadella introduced what he…
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Analysts consider possible short squeeze ahead of spot Ethereum ETF deadline
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Analysts at QCP Capital say a “resounding lack of interest” in the market and approval of an Ethereum spot ETF could “easily” return ETH to its recent highs. While recent market data suggests a cautious atmosphere among investors regarding the potential approval of exchange-traded funds (ETFs), the unexpected approval could…
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Analysts consider possible short squeeze ahead of spot Ethereum ETF deadline
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Analysts at QCP Capital say a “resounding lack of interest” in the market and approval of an Ethereum spot ETF could “easily” return ETH to its recent highs. While recent market data suggests a cautious atmosphere among investors regarding the potential approval of exchange-traded funds (ETFs), the unexpected approval could…
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Asia FX muted, dollar steady ahead of more Fed cues; yen stays fragile By Investing.com
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Investing.com — Most Asian currencies fell slightly on Monday, while the dollar held steady as traders awaited more signals on interest rates from the Federal Reserve this week. The Japanese yen remained fragile after reversing a large portion of its gains made as a result of potential currency market intervention…
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USDCAD retraces gains on the day and tests swing area support ahead of 38.2 retracement.
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USD/CAD has now regained its previous gains in today’s trading. The price is now falling and testing the swing zone between 1.3604 and 1.3615. A move below this level would have traders looking towards the 38.2% retracement of the move up from the December 2024 low to the high price…
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Sony and Apollo move ahead with Paramount bid process but reticent about earlier plan, NYT reports By Reuters
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(Reuters) – Sony (NYSE:) Pictures Entertainment and Apollo Global Management (NYSE:) have signed nondisclosure agreements allowing them to look at Paramount’s books ahead of a potential bid to buy the movie studio’s assets, the New York Times reported Friday, citing people familiar with the material. The newspaper said that the…
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Shekel strengthens ahead of April CPI
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The shekel is gaining strength today against the US dollar and the euro, and is at its strongest levels against the dollar since early April. In the afternoon interbank session, the shekel was down 0.73% against the dollar at NIS 3.697/$, and down 0.63% against the euro at 4.002/€. On…
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Is Dogecoin About to Take Off? Indicators Suggest Upward Momentum Ahead
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Dogecoin corrected gains and tested the $0.150 area against the US dollar. DOGE is now forming a base and may start a new increase above $0.1520. DOGE price jumped towards $0.160 before correcting gains. The price is trading above the $0.150 level and the 100 hourly simple moving average. There…
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U.S. CPI data inadvertently revealed 30 minutes ahead of schedule, BLS says
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Irina Drozd The U.S. Bureau of Labor Statistics mistakenly released consumer inflation data 30 minutes earlier than scheduled on Wednesday, it said earlier this week, an incident that could lead to a broader examination of how the agency distributes important economic data. “Prior to today’s release of the CPI and…
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Istanbul Pushes Ahead With IPO Plan for $10 Billion Gas Grid
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Breadcrumb links PMN works Istanbul authorities are reviving a plan to privatize the city’s gas network in what could be one of Turkey’s largest initial public offerings ever. Article writer: Bloomberg News Erkan Ersoy Posted on May 16, 2024 • 2 min read You can save this article by registering…
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Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
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Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
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Forexlive Americas FX news wrap 15 May: Green grass ahead as CPI/spending is tame
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US CPI, retail sales and New York manufacturing data combined with the CPI falling 0.3%, retail sales showed no gains during the month and New York manufacturing had a weaker day. All of this gave the green light to risky assets as yields fell, stocks rose and the US dollar…
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Swiss running shoe brand On, backed by Roger Federer, sprints ahead with $560m quarterly sales
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Swiss-based, New York-listed running shoe company On is on an upward trend. Its distinctive nozzle shoes have become a favorite of runners around the world, even though it has been around for fewer years than some of its peers. The timing couldn’t be better as more people did I turned…
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Stock Futures Hold Gains Ahead of US Price Data: Markets Wrap
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(Bloomberg) — U.S. stocks are poised to maintain the previous session’s technology-led gains, as traders bet that Wednesday’s headline U.S. inflation report won’t undermine the case for an interest rate cut by the Federal Reserve. Most read from Bloomberg S&P 500 and Nasdaq 100 futures were little changed, while the…
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Dollar steady ahead of inflation data; sterling slips after job numbers By Investing.com
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Investing.com – The US dollar was flat on Tuesday, largely flat ahead of key inflation data likely to weigh on interest rate expectations. At 03:30 EST (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.250, in range-bound trading. Dollar…
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European stocks mostly lower; ranges limited ahead of US inflation release By Investing.com
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Investing.com – European stock markets fell largely on Tuesday, as investors digested more corporate earnings ahead of the latest US inflation reports. At 03:15 EST (07:15 GMT), Germany’s stock index fell 0.1% and France’s index fell 0.1%, while the UK index rose 0.1%. Inflation in the United States to reduce…
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Asia FX muted as dollar steadies ahead of inflation data; yen fragile By Investing.com
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Investing.com — Most Asian currencies moved slightly on Tuesday, tracking a flat dollar, as traders remained largely focused on upcoming US inflation readings that are likely to weigh on interest rate expectations. The Japanese yen was also a point of focus, as continued weakness in the currency put traders on…
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UK Economy Surges Ahead as GDP Growth Outpaces Expectations
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The UK economy is poised for accelerated growth this year, with analysts revising their GDP forecasts upwards following a strong first-quarter performance that saw GDP expand by 0.6%, representing the fastest growth in nearly three years. Investment banks and advisory firms in the city responded positively to the data, indicating…