Category: Extends
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USD/CAD pushes higher as brent crude extends decline to $3
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Commodity currencies are in an interesting position at the moment. The US dollar is falling on several fronts as the market reconsiders the path of the Federal Reserve’s money. But they are reconsidering that because of slowing growth and inflation. Prices are also relatively high in the commodity bloc, currently…
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Bangladesh extends curfew ahead of court hearing on controversial job quotas By Reuters
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Written by Muhammad Bonir Hussein and Sam Jahan DHAKA (Reuters) – Bangladesh extended a curfew on Sunday to control violent student-led protests that have killed at least 114 people as authorities prepared for a Supreme Court hearing later in the day on government job quotas that have sparked anger. Military…
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EURUSD extends to swing area/high from June
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EURUSD extends into swing territory As with GBP/USD, EUR/USD has reached fresh highs as European traders look to exit the week. The move takes the price towards the June 2024 high at 1.0915 and a longer swing area between 1.0909 and 1.0918. A break of this area would be required…
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Tesla stock pops 6%, extends rally as ‘Mojo back for Musk’ after latest delivery data
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Tesla shares extended gains on Wednesday, rising more than 6% after jumping 10% on Tuesday, as Wall Street focused on the electric carmaker’s better-than-expected quarterly vehicle delivery results. Tesla’s stock is now up more than 70% since its low in late April. Tesla announced this week that it has produced…
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South African rand extends losses, focus on unity government’s reforms By Reuters
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JOHANNESBURG (Reuters) – South Africa’s rand extended losses on Tuesday after a turbulent start to the week as markets waited to see how the new national unity government would handle economic reform after forming a cabinet. By 11:31 GMT, the rand was trading at 18.475 against the dollar, down 0.6%…
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GE extends CEO Larry Culp’s contract through at least 2027
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General Electric has agreed to extend CEO Larry Culp’s leadership of the aircraft maker through at least 2027, removing him from the list of potential candidates to become Boeing’s next CEO. General Electric said in a securities filing Monday that Culp could remain at the helm of the company through…
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Bloomberg Analyst Extends Deadline For Launch
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Bloomberg analyst Eric Balchunas has changed the expected deadline for the launch of Ethereum ETFs in the US. This development comes on the heels of the SEC’s comments regarding the second round of S-1 Forms filings. S-1 Forms Receive Delayed Response From SEC – Details In May, the Securities and…
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Bloomberg Analyst Extends Deadline For Launch
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Bloomberg analyst Eric Balchunas has changed the expected deadline for the launch of Ethereum ETFs in the US. This development comes on the heels of the SEC’s comments regarding the second round of S-1 Forms filings. S-1 Forms Receive Delayed Response From SEC – Details In May, the Securities and…
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Bitcoin Extends Drop After One of Crypto’s Worst Weeks of 2024
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(Bloomberg) — Losses are piling up in the cryptocurrency market after its second-worst weekly decline in 2024, a reflection of slowing demand for bitcoin exchange-traded funds and uncertainty over monetary policy. Most read from Bloomberg A measure of the 100 largest digital assets fell about 5% in the seven days…
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CSLM Acquisition extends deadline for business combination By Investing.com
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CSLM Acquisition Corp. announced (NASDAQ:CSLM), a special purpose acquisition company, announced the deposit of $70,000 into its trust account. The strategic move, announced Monday, extends the company’s deadline to finalize the business combination until July 18, 2024. The company, also known as a blank check company, has the option to…
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Kenya Airways quietly extends CEO Allan Kilavuka’s contract
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Kenya Airways has quietly extended CEO Allan Kilavuka’s term by three years until April 2026, the national carrier’s chairman Michael Joseph confirmed on Friday. Mr Kilavuka was first appointed as CEO of KQ Group in April 2020. He held the acting position between January and March 2020 following the exit…
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Argentina extends currency swap with China, defusing repayment fears By Reuters
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BUENOS AIRES (Reuters) – Argentina and China have renewed the activated portion of a major currency swap line for the equivalent of $5 billion until July 2026, the central bank said on Wednesday, dispelling concerns that they may have to make large installments over the next month. . The South…
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US dollar extends decline after poor pending home sales reading
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The US dollar hit intraday lows after the worst pending home sales report in three years. The 7.7% monthly decline in April highlights the impact of rising interest rates, especially as Treasury yields rose during the month. EURUSD 10 minutes The market is struggling to figure out where the American…
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After China drills, Taiwan president again extends goodwill By Reuters
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TAIPEI (Reuters) – Taiwan President Lai Ching-te once again showed goodwill toward China and offered cooperation on Sunday after two days of Chinese war games near the island, saying he looked forward to promoting mutual understanding and reconciliation. China, which claims to democratically rule Taiwan as its own territory, held…
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Oil extends fall on signs of weak fuel demand, strong dollar By Reuters
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Written by Florence Tan SINGAPORE (Reuters) – Oil prices continued to decline on Monday amid signs of weak demand for fuel and at a time when statements by Federal Reserve officials (the US central bank) weakened hopes for lowering interest rates, which could lead to slowing growth and reducing demand.…
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Japan’s consumer spending extends declines as outlook weakens By Reuters
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Written by Satoshi Sugiyama and Tetsushi Kagimoto TOKYO (Reuters) – Consumer spending in Japan fell for the 13th straight month in March, creating challenges for policymakers seeking to drive stronger real wage growth, a prerequisite for a hike in interest rates by the central bank. Household spending fell 1.2% in…
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SEC Further Extends Date for Decision on Invesco Galaxy Spot Ethereum ETF
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The US Securities and Exchange Commission (SEC) has postponed its decision on whether or not to approve the proposed Invesco Galaxy exchange-traded fund (ETF) product for a third time. With the latest delay, the agency has until July 5 to make its final decision on the spot ETF order. The…