Category: Markets
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FX Watch: AUD/JPY’s Potential Pullback On RBA’s Event
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The Reserve Bank of Australia is up this week! Markets are pricing in a “neutral” event that could pave the way for a “buy the rumors, sell the news” scenario for the AUD. But what if the AUD extends its downtrend instead? In case you missed last week’s FX recap,…
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USD/JPY tumble continues in drop below 144.00 mark
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USD/JPY Daily Chart The pair has just hit a fresh low for the day at 143.55, threatening a drop of over 2% today alone. This comes as traders are desperate to escape to safety as markets have entered full-blown panic mode. Equity markets have been hammered with the Nikkei down…
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CrowdStrike rejects Delta Air Lines claims over flight woes By Reuters
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By David Shepardson WASHINGTON (Reuters) – CrowdStrike Inc on Sunday rejected Delta Air Lines Inc’s claim that it was to blame for flight disruptions after a global outage on July 19 caused by a faulty software update, suggesting its potential liability was minimal. Delta CEO Ed Bastian said last week…
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South Korea exchange triggered its ‘sidecar’ on Kospi futures
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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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Global Stock Rout Intensifies, Powering Bond Rally: Markets Wrap
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Breadcrumbs Path Links PMN Business Global stocks deepened on Monday as concerns grew that the Federal Reserve would delay its policy support for the slowing U.S. economy, prompting investors to seek safety in bonds. Japanese shares fell for a third straight day as traders priced in more domestic interest rate…
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Musk-backed PAC under investigation for potential violations of Michigan laws By Reuters
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A political action committee backed by billionaire Elon Musk is under investigation in Michigan for possible violations of state laws, a spokesman for the Michigan secretary of state’s office said in a statement Sunday. Tesla (NASDAQ:) CEO Elon Musk previously said he had created a political action committee focused on…
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Sec State Blinken said on Sunday that Iran & Hezbollah attack on Israel could start Monday
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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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CRA International sees growth in Q2, anticipates solid year By Investing.com
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Charles River Associates (CRA International, ticker: CRAI), a global consulting firm, reported a solid performance in the second quarter of fiscal 2024, with a 5.9% increase in revenue year-over-year, reaching $171.4 million. The company experienced growth across multiple practices, with significant contributions from its Antitrust & Competition Economics, Financial Economics,…
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CRA International sees growth in Q2, anticipates solid year By Investing.com
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Charles River Associates (CRA International, ticker: CRAI), a global consulting firm, reported a solid performance in the second quarter of fiscal 2024, with a 5.9% increase in revenue year-over-year, reaching $171.4 million. The company experienced growth across multiple practices, with significant contributions from its Antitrust & Competition Economics, Financial Economics,…
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More on that Sahm rule US recession trigger – “100% iron clad indicator”
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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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MultiPlan Q2 2024 results show commitment to long-term growth By Investing.com
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MultiPlan Corporation (NYSE: MPLN), a provider of healthcare cost management solutions, reported its second quarter 2024 earnings, revealing a mix of challenges and strategic advancements. CEO Travis Dalton admitted the financial results were below expectations but remained optimistic about future growth. The company is transitioning towards a data and technology-focused…
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NZD traders – Westpac forecasts the RBNZ to cut by 25bps in October and November 2024
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Reserve Bank of New Zealand forecast from Westpac Bank in New Zealand. Westpac revises RBNZ rate cut forecast, now sees easing in October, November Westpac now expects the Reserve Bank of New Zealand to cut the official cash rate by 25 basis points to 5.25% in October. The official interest…
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Snickers maker Mars explores acquisition of Kellanova, sources say By Reuters
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(Reuters) – Family-owned food giant Mars Inc, whose candy brands include M&M’s and Snickers, is considering acquiring Kellanova, the maker of snacks such as Cheez-It and Pringles, according to people familiar with the matter. The deal would be one of the largest ever in the packaged food sector, given Kelanova’s…
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HUGO BOSS maintains resilience amid market challenges By Investing.com
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Amidst global economic headwinds, HUGO BOSS AG (ETR: BOSS) has reported a slight sales decline and a notable decrease in EBIT for the second quarter of 2024. CFO and COO Yves Müller, during the earnings call, emphasized the strength of the company’s CLAIM 5 strategy and its success in limiting…
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Vericel reports strong Q2 with record revenue growth By Investing.com
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Vericel Corporation (NASDAQ:) has announced robust financial results for the second quarter of 2024, achieving a record revenue of nearly $53 million. This performance was driven by significant growth in their MACI product and solid demand for NexoBrid. The company has seen an expansion in gross margin and a substantial…
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Agnico Eagle reports record results and strong performance By Investing.com
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Agnico Eagle Mines Limited (NYSE:), a leading gold mining company, announced its third consecutive quarter of record financial and operational results. The company reported record adjusted EBITDA of approximately $1.2 billion and free cash flow of over $0.5 billion in Q2, marking an exceptional quarter with strong operational performance and…
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Premium Forex Watch Recaps: July 29 – 31, 2024
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This week, the calendar has provided a number of important catalysts, and our strategists have decided to focus on the Australian CPI update and the Bank of England Monetary Policy Statement to discuss the price outlook this week. Of the four scenario/price outlook discussions this week, It can be said…
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Mistras Group posts strong Q2 growth, eyes cash flow improvement By Investing.com
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Mistras Group (NYSE: NYSE:) reported a significant increase in financial performance for the second quarter of 2024, with notable revenue growth and a substantial rise in adjusted EBITDA. The company’s Aerospace and Defense segment experienced robust double-digit growth, contributing to the overall positive results. Despite these gains, Mistras Group acknowledged…
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Two possible tariff scenarios for 2025: Wells Fargo By Investing.com
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In a note dated Tuesday, analysts at Wells Fargo analyzed the potential impact of tariffs in the context of the 2024 presidential campaign, focusing in particular on two distinct scenarios for 2025. With foreign trade policy emerging as a critical issue amid rising geopolitical tensions, the implications for the U.S.…
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You have to spend money to make money By Investing.com
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Amazon (NASDAQ:) reported second-quarter earnings that beat analysts’ expectations, but its stock fell 12% on Friday on weaker-than-expected third-quarter guidance and weak consumer trends. The e-commerce and cloud computing giant reported adjusted earnings per share of $1.26 for the quarter ended June 30, 2024, beating analysts’ estimates of $1.03. Revenue…