Category: Markets
-
U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%
•
High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…
-
Shares post patchy performance ahead of Powell testimony By Reuters
•
(Repeated to add title tag, no change to story content) By Tom Wilson LONDON (Reuters) – Stock markets were mixed on Tuesday as investors waited to see whether U.S. Federal Reserve Chairman Jerome Powell would support an interest rate cut after evidence emerged of a slowdown in the U.S. labor…
-
As Powell’s testimony goes on, the USDCAD is stuck in an up and down range.
•
The USDCAD currency pair has been trading in an up and down range for the past few days. Yesterday’s low was 1.36238. Today’s high was 1.3647. That’s not much movement. It is within the range of its 100-day moving average between the levels at 1.36369, and the price has been…
-
Netflix target raised at TD Cowen ahead of earnings By Investing.com
•
TD Cowen analysts are bullish on Netflix (NASDAQ:) earnings, citing strong subscriber growth and a thriving advertising business as key factors. The bank expects Netflix to add 5.19 million paid subscribers in the second quarter of 2024, beating analysts’ consensus of 3.72 million. The growth is driven by paid engagement…
-
How a Trump election victory could ruffle Latin American markets By Reuters
•
Written by Rodrigo Campos NEW YORK (Reuters) – The possibility that former President Donald Trump could win back the White House in November has investors preparing for different scenarios, with “America’s backyard” at the top of the list of markets to watch. The Trump administration’s relations with most Latin American…
-
Chart Art: Gold (XAU/USD) Triangle Break and Retest
•
Did you miss the opportunity to break the triangle on gold? I see a potential opportunity to jump on a quick withdrawal! Take a look at these support areas on the 4-hour chart. Gold (XAU/USD) 4 hours Chart by TradingView Remember the descending triangle formation we spotted on gold a…
-
NZDUSD Technical Analysis – A look at the chart ahead of the RBNZ decision
•
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…
-
Greenbrier posts record earnings and robust order backlog By Investing.com
•
The Greenbrier Companies (NYSE:) have announced their highest earnings per share (EPS) and EBITDA in over four and a half years, marking a significant rebound since the pre-pandemic era. In the third quarter of fiscal 2024, the company achieved over $820 million in revenue and reported a gross margin of…
-
Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com
•
The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…
-
Chart Art: Trend Retracement Opportunity For WTI Crude Oil (USOIL)
•
Earlier this week, US crude oil prices fell from the $84.40 area for the second time this month. Are Oil Prices Heading Down? Or Are Bulls Taking a Break? Crude Oil WTI (USOIL) 4 hours Chart by TradingView As we mentioned today Daily Market SummaryCommodities such as crude oil have…
-
FX option expiries for 9 July 10am New York cut
•
There are only two things to really pay attention to on this day, as shown in: wide. Both for EUR/USD are at the 1.0800 and 1.0875 levels. The first level is said to be the most interesting, as it aligns with the major daily moving averages. The technical significance there…
-
Honda to end vehicle production at one of its Thai auto plants By Reuters
•
TOKYO (Reuters) – Honda The Japanese automaker said Tuesday it will stop vehicle production at its plant in Thailand’s Ayutthaya province by 2025 as it plans to consolidate production at the plant it operates in Prachinburi province. The move highlights the increasingly difficult conditions facing Japan’s second-largest automaker in the…
-
Asia FX muted as dollar steadies ahead of Powell; yen remains fragile By Investing.com
•
Most Asian currencies fell on Tuesday as the dollar found some strength ahead of Federal Reserve Chairman Jerome Powell’s testimony, while the yen remained at 38-year lows. Sentiment towards Asia also remained tense amid ongoing concerns over new European tariffs on imports from China, which could trigger retaliatory measures from…
-
Daily Broad Market Recap – July 8, 2024
•
Dollar dominance was the name of the game on Monday as riskier assets like gold and crude oil took major hits. What’s moving the markets these days? Here are the updates you need to know: headlines: French early elections It ended with a hung parliament between three opposition parties. Japan’s…
-
More on the BOJ meetings with JGB market players
•
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…
-
More on the BOJ meetings with JGB market players
•
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…
-
Australia auto parts retailer Bapcor rejects Bain Capital’s $1.2 billion bid By Reuters
•
By Scott Murdock and Rajasik Mukherjee SYDNEY (Reuters) – Australian auto parts retailer Babcor on Tuesday rejected a A$1.83 billion ($1.23 billion) takeover bid from private equity firm Bain Capital, saying it did not fully reflect the company’s value. The company’s shares fell about 4.3% in early trading Tuesday. Australia’s…
-
TA of the Day: GBP/USD Pullback Imminent?
•
you welcome in Teaching Assistant for Today (Tauted)! he GBP/USD Is withdrawal imminent? Here is the daily chart: Using pure technical analysis, let’s analyze today’s chart. Technical Analysis Moving averages: 200 day simple moving averageThe price is at 1.2578, which is an important support level. The price is currently above…
-
Ten investment bank forecasts for June US CPI. The median is Core @ 3.4% & Headline @3.1%
•
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…
-
Purdue creditors seek approval to sue Sackler family members By Reuters
•
By Dietrich Knuth NEW YORK (Reuters) – Creditors of Purdue Pharma Inc on Monday sought permission from a U.S. bankruptcy court to sue the company’s wealthy owners, arguing that litigation could serve as a negotiating tool and fallback option as the maker of the drug OxyContin resumes talks on a…