Category: Markets
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The euro sinks toward 1.0800 after failing to crack 1.0870
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EUR/USD 30 minutes The euro is hovering near its lowest level since July 8 as the US dollar gains broadly. It’s hard to say what’s driving the moves at the moment, but stronger U.S. GDP numbers on Thursday and higher PCE inflation on Friday are tailwinds for the dollar. However,…
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Google stock: SearchGPT creates ‘a “wall-of-worry” for investors at a minimum’: Loop Capital By Investing.com
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In a recent note, Loop Capital analysts highlighted concerns surrounding Alphabet (NASDAQ:) amid YouTube advertising challenges and the emerging competitive threat from OpenAI’s SearchGPT prototype. Loop Capital maintained its $170 price target and hold rating on Google shares, expressing caution despite some positive aspects of Google’s financial performance. Google’s sell-off…
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Google stock: SearchGPT creates ‘a “wall-of-worry” for investors at a minimum’: Loop Capital By Investing.com
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In a recent note, Loop Capital analysts highlighted concerns surrounding Alphabet (NASDAQ:) amid YouTube advertising challenges and the emerging competitive threat from OpenAI’s SearchGPT prototype. Loop Capital maintained its $170 price target and hold rating on Google shares, expressing caution despite some positive aspects of Google’s financial performance. Google’s sell-off…
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Dollar backed ahead of Fed meeting; sterling retreats By Investing.com
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The U.S. dollar rose slightly in early European trading on Monday, supported by safe-haven bids as tensions in the Middle East escalated, while sterling fell ahead of a Bank of England policy meeting this week. At 04:50 ET (08:50 GMT), the dollar index, which tracks the greenback against a basket…
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What is priced in for the BOE meeting later this week?
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The decision is likely to be well balanced, with the bank expected to vote 6-3 or 5-4 in favor of a rate cut. But what are traders currently expecting from the decision? The OIS market is showing a ~61% probability of pricing in a rate cut of around 55 basis…
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Ethiopia’s birr drops 30% as central bank floats currency By Reuters
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Written by Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s central bank decided to float the country’s birr currency on Monday, a move the government hopes will secure International Monetary Fund support and make progress on a long-delayed debt restructuring. The Commercial Bank of Ethiopia, the country’s largest lender, said the…
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European markets mixed ahead of key central bank meetings (EUR:USD)
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Yuji Sakai London (UKX) +0.64% Germany (DAX:IND) +0.32% France (CAC:IND) -0.18% Sweden’s economy shrank by 0.8% quarter-on-quarter in the three months to June. The Finnish consumer confidence index rose to -7.2 in July. Manufacturing confidence in Finland rose to -12 in July. European Stoxx 600 Index (STOXX)) It increased by…
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USDJPY Technical Analysis – The pair bounced on the key 152.00 support
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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. One good argument is that most of the moves we have seen over the past 10 days have been driven by debt relief…
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BetMGM expects further losses amid investment in customer experience By Reuters
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(Reuters) – U.S. sports betting company BetMGM reported an interim loss on Monday and said it expects to post a loss in the second half of the year as it invests more in customer experience and additional marketing. The joint venture between MGM Resorts (NYSE:) and Entain reported a core…
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Yen rises amid fragile sentiment ahead of BOJ, Fed decisions By Reuters
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By Kevin Buckland TOKYO (Reuters) – The yen edged up on Monday, reversing earlier declines, as sentiment remained fragile after the Japanese currency’s best weekly rise since late April following a sharp drop in U.S. technology stocks that sparked demand for safe-haven assets. Traders are now awaiting policy decisions by…
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Chart Art: Trend Continuation Setup For GBP/USD
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Cable is consolidating at a key support area ahead of potential catalysts this week. Will a bounce from the support zone help extend the GBP/USD uptrend? We are approaching the four-hour time frame for evidence: GBP/USD currency pair on 4-hour chart Chart by TradingView In case you missed it, easing…
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ForexLive Asia-Pacific FX news wrap: Yen swings again, more than a big figure range
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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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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1
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The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…
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US stock futures rise with Fed, big tech earnings in focus By Investing.com
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U.S. stock index futures rose in overnight trading on Sunday as focus shifted to the Federal Reserve’s upcoming meeting for further signals on interest rate cuts. Also in focus was a string of second-quarter earnings from Wall Street heavyweights such as Apple Inc and Microsoft Corp, which are due in…
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Australian regulator warns of (slowly) rising arrears on mortgage and business loans
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The Australian Prudential Regulation Authority (APRA) is the prudential regulator for the Australian financial services industry. The macroprudential policy settings will be maintained as they are following the latest quarterly assessment of domestic and international economic conditions. The quality of new housing loans remains good, and delinquency rates on both…
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Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
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(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…
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Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
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(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…