Category: Markets
-
ForexLive European FX news wrap: USD/JPY tentative above 160 mark
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
-
Apogee shares rise nearly 4% on upbeat guidance and earnings beat By Investing.com
•
MINNEAPOLIS – Apogee (NASDAQ:) Enterprises, Inc. announced today: (NASDAQ: APOG) today reported an impressive first-quarter fiscal 2025 performance with a big beat on its earnings and revenue forecasts, along with elevated full-year earnings expectations. Apogee stock responded positively to the news, rising 3.8%. The company reported first-quarter adjusted diluted EPS…
-
Turkey’s Simsek to speak at FATF watchdog meeting in Singapore, state media says By Reuters
•
ISTANBUL (Reuters) – Turkish Finance Minister Mehmet Simsek will deliver a speech at a Financial Action Task Force meeting in Singapore, Turkish state media said on Thursday, ahead of a decision by the international crime watchdog to remove Turkey from the “grey list.” The decision to remove Turkey from this…
-
NZDUSD Technical Analysis – The price is bouncing on a key support level
•
Basic overview The US dollar continues to get support from good economic data as seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Although this data keeps interest rate expectations stable around two cuts by the end of the year, it should also…
-
Battered yen mired near multi-decade low as intervention risks loom By Reuters
•
By Ray Wee SINGAPORE (Reuters) – The yen approached its lowest level in 38 years on Thursday and struggled at 160 yen to the dollar, keeping markets on alert for any signs of Japanese authorities intervening to support the currency. In the broader market, the dollar trimmed some of its…
-
Chart Art: Downtrend Pullback For USD/CHF?
•
The rally in USD/CHF from the previous week pushed the pair to a key technical resistance level this week. Can the bulls maintain their momentum? Or is USD/CHF ready to extend the long-term trend? USD/CHF currency pair 4 hours Chart by TradingView As you can see, the USD/CHF pair made…
-
All eyes stay on the Japanese yen ahead of European trading
•
It’s all about whether a further rise will cause Tokyo to intervene at this point. It’s mostly a psychological game, you can even think of it as a game of chicken. Do buyers have more determination or does the blame fall on the Japanese authorities instead? The thing to watch…
-
In race to regain rare earth glory, Europe falls short on mineral goals By Reuters
•
Written by Eric Onstad LONDON (Reuters) – Four decades ago, a rare earths processing plant on France’s Atlantic coast was one of the world’s largest, producing materials used to make colour televisions, arc lights and camera lenses. Its current owner Solvay (EBR:) is racing against time to restore its La…
-
Japanese yen weakens, USDJPY hits 38-year high despite intervention fears By Investing.com
•
Investing.com — The Japanese yen fell further on Thursday, with the USD/JPY pair rising to its highest points in 38 years while surpassing previous levels that traders believed would attract Japanese government intervention. The yen pair, which measures the number of yen needed to buy one dollar, rose to 160.81…
-
Daily Broad Market Recap – June 26, 2024
•
Dollar dominance was the name of the game, as risk-off sentiment lifted the safe-haven currency across the board while dragging commodities south. However, stronger than expected inflation data gave the Australian dollar a fighting chance. Read on to see how the rest of the major currencies and asset classes fare!…
-
Scotia thinks the June BoC cut was a policy mistake
•
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
-
Scotia thinks the June BoC cut was a policy mistake
•
The Bank of Canada’s preferred core inflation measures, such as the trimmed average and weighted average CPI, rose in May, indicating a re-acceleration of core inflationary pressures. Inflation of basic services, including shelter costs, remains very high. Shelter inflation is growing, as rents continue to rise and other drivers of…
-
Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
•
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
-
Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
•
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
-
Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg By Investing.com
•
Investing.com–Brazilian pulp maker Suzano Papel e Celulose (NYSE:) will not pursue a bid for International Paper (NYSE:), after the U.S.-based papermaker cleared a major regulatory hurdle to a merger with Saudi-based DS. United. Smith PLC (LON:), Bloomberg reported on Wednesday. The Bloomberg report dampens earlier speculation that Suzano was considering…
-
Dollar rises on hawkish Fed talk; key inflation data looms By Investing.com
•
The US dollar rose on Wednesday, supported by hawkish comments from Federal Reserve officials, while declining consumer confidence weighed on the euro. At 03:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was up 0.2% at 105.480. Dovish Fed comments boost…
-
The USD and AUD the leaders while JPY and NZD the laggards
•
It was a good day for the Australian Dollar and the US Dollar, and a less than ideal day for the Japanese Yen and the New Zealand Dollar. The Australian dollar received a boost after a hotter than expected CPI reading and markets saw a roughly 60% change to the…
-
Citigroup’s head of risk data leaves in latest senior exit By Reuters
•
Written by Tatiana Bautzer and Elisa Martinuzzi NEW YORK/LONDON (Reuters) – Citigroup chief risk data, analytics, reporting and technology officer Peter Kay has left the bank, a Citigroup spokesman said on Wednesday, the latest major departure since the bank’s reorganization began in September. Risk and data have been key issues…
-
how the UK election could make or break sterling’s run By Reuters
•
By Naomi Rovnick, Alun John, and Dara Ranasinghe LONDON (Reuters) – The pound has rebounded ahead of an expected landslide election victory for the opposition Labor Party, but the currency’s future depends on the next government convincing nervous investors that its plans to reform the sluggish economy are credible. On…