Category: Decision
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ForexLive European FX news wrap: Light movements ahead of ECB decision, more US data
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Headlines: Markets: Australian Dollar Advances, Swiss Franc Lags During the Day European stocks rise; S&P 500 futures up 0.1% US 10-year Treasury yields rise 1.7 basis points to 3.670% Gold rises 0.2% to $2,516.57 West Texas Intermediate crude rose 1.7% to $68.45. Bitcoin price rises 1.0% to $58,057 The session…
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Newsquawk Week Ahead: Highlights include China & US CPI, ECB rate decision, UK GDP
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MondayApple iPhone Event; Japan Revised GDP (Q2), China CPI (Aug), EasySentix (September), US Employment Trends (Aug) Tuesday: US Energy Information Administration report, OPEC August report; Australian business confidence (Aug), German final CPI (Aug), UK unemployment/wage rate (July), Swedish GDP (July), Norwegian CPI (Aug), US non-oil CPI (Aug), China trade balance,…
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Analysts weigh in on implications of NASA’s Starliner decision for Boeing By Investing.com
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NASA’s recent decision to return Boeing’s (NYSE:) Starliner spacecraft to Earth without an astronaut crew has raised concerns about the company’s space program. The two astronauts, who will now return aboard SpaceX’s Dragon capsule, were originally scheduled to return aboard the Starliner. Analysts believe the decision could have major implications…
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Steelworkers: U.S. Department of Commerce’s decision to double duties on Canadian softwood lumber is pure protectionism
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Article Content BURNABY, British Columbia, Aug. 17, 2024 (GLOBE NEWSWIRE) — The United Steelworkers (USW) has criticized the U.S. Department of Commerce’s decision to double tariffs on Canadian softwood lumber. “The U.S. Department of Commerce’s decision to double existing duties and tariffs on Canadian softwood lumber products is nothing more…
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Reserve Bank of New Zealand decision due soon. Which will it be, a dovish hold or a cut?
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Dollar slips ahead of Fed decision; yen soars after BOJ hike By Investing.com
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Investing.com – The U.S. dollar fell on Wednesday ahead of the conclusion of the Federal Reserve’s latest interest rate-setting meeting, while the Japanese yen rose after the Bank of Japan tightened monetary policy. At 05:20 ET (09:20 GMT), the dollar index, which tracks the greenback against a basket of six…
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GBPUSD Technical Analysis – A look at the chart ahead of the BoE decision
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Basic Overview The US dollar has been steadily rising against most major currencies over the past two weeks, although the catalyst behind the move has been unclear. A good argument has been that most of the moves we have seen have been driven by debt relief as a result of…
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BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.
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As the market awaits tomorrow’s Bank of Canada interest rate decision, the USD/CAD pair has been rising in anticipation of a rate cut. The pair has also been helped by a sharp drop in oil prices, which have pushed the price down by about 8% from its highs last Wednesday…
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NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
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Basic Overview The US dollar has been broadly weaker since last Friday following the weak US non-farm payrolls report. The data showed further slowdown in the labor market with the unemployment rate rising and wage growth declining. Basically we have an economy that is slowing but still growing. We will…
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Week Ahead in FX (July 1 – 5): U.S. Inflation Updates, RBNZ’s Decision, And U.K.’s GDP On Tap
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Markets are heading into a relatively quiet trading week with only a few major events expected on the agenda. But that doesn’t mean major assets won’t see increased volatility! Uncle Sam dropped June inflation figures which could impact Fed rate cut talks. The Reserve Bank of New Zealand will also…
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Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say By Reuters
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Written by Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing Co and relatives of victims of the deadly Boeing plane crash as a July 7 deadline approaches for the Justice Department to decide whether to file charges, two people familiar with the matter…
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Russia could reduce decision time for use of nuclear weapons, lawmaker says By Reuters
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By Guy Faulconbridge and Lydia Kelly MOSCOW (Reuters) – Russia, the world’s largest nuclear power, could reduce the decision-making time set out in the official policy on the use of nuclear weapons if Moscow believes threats are increasing, the head of the Russian parliament’s defense committee said. The war in…
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SNB Surprised Markets with Another 0.25% Rate Cut in June Decision
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Contrary to consensus expectations of no policy change, the Swiss National Bank (SNB) delivered another surprise interest rate cut of 25 basis points in this week’s announcement. This follows a 0.25% interest rate cut in March, which was also mostly unexpected. In its June statement, the Swiss National Bank also…
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BOE Kept Interest Rates Unchanged in June, Says August Decision Is A ‘Live’ One
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As expected, the Bank of England (BOE) kept interest rates steady at 5.25% in a 7-2 vote of the Monetary Policy Committee last June. In its official statement, the Bank of England acknowledged that annual inflation fell to 2% in May, but also noted that the consumer price index is…
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Nikola’s Stock Is Slumping. Its Board Made a Grim Decision.
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Electric truck maker shares Nicola (Nasdaq: NKLA) Shares were trading sharply lower Thursday morning, after the company said in a regulatory filing that it would conduct a 1-for-30 reverse stock split next week. As of 10:30 a.m. ET, Nikola shares were down approximately 23.3% from Wednesday’s closing price. Electric truck…
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Sterling steady ahead of BoE decision; dollar wobbles against yen By Reuters
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By Ray Wee SINGAPORE (Reuters) – The pound was broadly flat on Thursday ahead of the Bank of England’s interest rate decision later in the day, while the dollar fell as new market catalysts awaited. Currencies were trading in tight ranges after a holiday in the United States, with investors…
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Trump Media says SEC’s decision may help it get $247 million By Reuters
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(Corrects movement of shares to “down 46%” from “down approximately 80%” and market capitalization to “$5.53 billion” from “$6.14 billion” in paragraph 6) (Reuters) – Trump Media and Technology Group said on Tuesday that the Securities and Exchange Commission has declared effective the company’s request to resell certain shares and…