Category: interest
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Chart Art: USD/CAD’s Area Of Interest Near 1.3600
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The USD/CAD pair is testing a key area of interest before the US releases its June inflation reports. Will the pair stay within its current range? Or is it ready to go? USD/CAD currency pair on 4-hour chart Chart by TradingView The US dollar has been losing ground against its…
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Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are optimistic about the U.S. economy
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Federal Reserve interest rates, which influence global lending rates, are higher than they have been in 23 years. But that’s not stopping JPMorgan Chase clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders at companies generating up to $2 billion each, more than…
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Path, destination of interest rates more important than timing of first cut: UBS By Investing.com
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Since the beginning of 2024, investors have been primarily interested in when the Federal Reserve will start cutting interest rates. Initially, March seemed like a good time to do this, but expectations then shifted to June after a wave of unfavorable economic data. Now, for the same reasons, the first…
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Leumi mortgage chief: Major interest from foreign residents
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“The moment after the security threat is removed, we will see a surge in security,” Uri Yonessi, head of the mortgage department at Bank Leumi, told Globes news editor Bar Lavi, during the “Northern Talk” conference held by Globes and Bank Leumi in Acre. The North is supported by large…
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Why banks must seek Treasury’s nod before raising interest rates
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The Supreme Court has ruled that banks and financial institutions must seek the approval of the National Treasury before increasing interest rates on loans and facilities provided to customers. A five-judge bench of the Supreme Court headed by Chief Justice Martha Kom also held that Sections 44 and 52 of…
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Int’l interest in Rafael’s Spike missiles intensifies
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One source of new interest for Spike is Argentina, which is considering implementing launchers as part of a modernization procedure for TAM VCTP tanks. The ZM website reported that the war in Ukraine has increased interest in Spike anti-tank missiles produced by the Israeli development company Rafael, including from Latin…
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BTC Hashrate decline spurs interest in altcoins: APORK, RNDR, APT emerge
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Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only. A breakout to the upside in Bitcoin’s hash rate raises concerns but reinforces bullish sentiment for altcoins like Render (RNDR), Aptos (APT), and Angry Pepe Fork (APORK). A technical…
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Chart Art: GBP/CAD’s Potential Support Near A Long-term Area Of Interest
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GBP/CAD is having trouble extending the downtrend despite a bullish CAD report. Will this extend the pair’s weeks-long upward trend? We look at the daily chart for more evidence: GBP/CAD Forex Daily Chart by TradingView In case you missed it, Canada just dropped its May CPI numbers which showed faster-than-expected…
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Bunker Hill Announces Election to Issue Shares in Satisfaction of Debenture Interest Payment Obligations
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on June 24, 2024 • 6 minute…
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Interest rate expectations for the Fed after Friday’s Flash PMI data
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Despite a strong US Purchasing Managers’ Index (PMI) release on Friday, the Fed’s money market bets were little changed. Federal interest rate forecasts Expectations in the data were for a decline of about 47 basis points by the end of the year, and expectations remained very close to that despite…
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Economists say BoC could cut interest rates again in July if inflation keeps cooling
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Breadcrumb links BMN Business Article writer: Canadian Press Nujoud Al-Malis Posted on June 23, 2024 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. The sign indicates the Statistics Canada offices in Ottawa on July 21, 2010.…
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Declining short interest is what makes S&P 500 vulnerable: JPMorgan By Investing.com
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JPMorgan warns that this could be at risk due to declining short interest in key ETFs such as SPY and QQQ. Analysts at the bank point out that this decline was “providing steady support for US stocks over the past year, helping to suppress volatility.” In simpler terms, fewer investors…
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European markets lower after BOE holds interest rates steady
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Da-kook/E+ via Getty Images London (United Kingdom) -0.30% UK retail sales rose 2.9% in May Germany (DAX:IND) -0.35% Manufacturing and service activities in Germany declined in June France (CAC:IND) -0.34% Preliminary France PMI readings show manufacturing and services activity declined in June; France’s manufacturing climate index reached 99 in June…
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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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SEC Drama Fuels XRP Rally: Open Interest Skyrockets
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Cryptocurrency XRP is making waves as open interest (OI) for the token sees a significant spike. This rise in investor positions coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related reading Bullish bets on the horizon Cryptocurrency…
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SEC Drama Fuels XRP Rally: Open Interest Skyrockets
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Cryptocurrency XRP is making waves as open interest (OI) for the token sees a significant spike. This rise in investor positions coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC). Related reading Bullish bets on the horizon Cryptocurrency…
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Oil price bounce drives global commodity open interest value rebound – JPM
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JPM Commodities Research said the estimated value of open contracts in global commodity markets rose 1% during the week to $15 billion, with gains driven entirely by the energy sector, while it expects LME copper prices to trade at around $9,800 per metric ton. In the future. a fourth. Net…
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UK Wage Growth Remains Robust, Dampening Hopes for Interest Rate Cut
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UK wage growth remained strong in the three months to April, maintaining pressure on inflation and delaying hopes for an interest rate cut. Official figures from the Office for National Statistics (ONS) showed that nominal weekly earnings, excluding bonuses, rose by 6% in the February-April period, in line with the…
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Moody’s Drops Bombshell On Crypto Industry Amid High Interest Rate Cuts
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Moody’s Analytics Chief Economist Mark Zandi gave his opinion on a possible interest rate cut ahead of the meeting US Federal Reserve decision. The cryptocurrency community is closely monitoring this event, given how it will impact the cryptocurrency market. The US Federal Reserve should lower interest rates Zandi mentioned during…
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Chart Art: WTI Crude Oil (USOIL) Hanging Out at Area of Interest
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WTI is in correction mode as it tests the confluence of resistance levels on the 4-hour chart. Is the trend still our friend in this direction? Check out the inflection points I’m watching: West Texas Intermediate (USOIL) 4 hours Chart by TradingView Expectations of increased demand for crude oil in…