Category: Markets
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Asia FX muted with Fed, inflation cues on tap; Kiwi sinks on RBNZ cut By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Wednesday, while the dollar stabilized in anticipation of further signals from the Federal Reserve and US inflation on the path to interest rates. The New Zealand dollar lagged behind its peers, falling sharply after the Reserve Bank of New Zealand cut interest…
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Daily Broad Market Recap – October 8, 2024
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The lack of high-level data releases left room for major assets to continue pricing according to current market themes on Tuesday. Can you guess which assets saw the most modifications? Let’s discuss: Titles: Reserve Bank of Australia meeting minutes Show that members prefer policies that are “sufficiently restrictive” to become…
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US inflation data due this week: BofA predicts a +0.1% m/m headline CPI, +0.3% m/m core
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This information comes via eFX. **** summary: Bank of America expects a modest rise in both the headline and core CPI for September, suggesting flat core inflation with no immediate cause for concern. Key points: CPI Outlook: Bank of America expects a 0.1% MoM increase in the headline CPI and…
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India, S. Korea bonds to join FTSE Russell government indexes in 2025 By Reuters
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(Reuters) – Russell Global Indexes said on Tuesday it will include Indian sovereign bonds in the Emerging Market Government Bond Index (EMGBI) from September 2025, following the inclusion of the index by JPMorgan and Bloomberg Index Services, which could attract billions of dollars into bonds. Local. . The London-based index…
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Tesla ($TSLA) to offer a 0% APR loan rate for new Model 3, Model Y finance orders in US
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Foxconn building Nvidia superchip facility in Mexico, executives say By Reuters
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By Yimo Li TAIPEI (Reuters) – Foxconn is building the world’s largest manufacturing facility in Mexico to assemble Nvidia’s (NASDAQ:) GB200 super chips, a key component in the U.S. company’s next-generation Blackwell family computing platform, the company’s top executives said. Taiwanese on the 23rd. Tuesday. Foxconn, the world’s largest contract…
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US inflation data is due this week – here are 14 investment bank forecasts
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk 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 or…
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Citi pushes back on New York lawsuit over fraud scams, Bloomberg News reports By Reuters
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(Reuters) – Citigroup lawyers urged U.S. District Judge Paul Oetken to dismiss a lawsuit filed in January by Attorney General Letitia James, which accuses the Citibank unit of failing to compensate customers who fall victim to online scammers, Bloomberg News reported on Tuesday. The report added that the lawyers said…
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Oil survey of inventory shows a headline crude oil build much larger than expected
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Huge building — — The expectations I saw focused on: Main crude +2.0 million barrels Distillates -1.9 million barrels Gasoline -1.1 million — This data point is from a special survey conducted by the American Petroleum Institute (API). It is a study of oil storage facilities and companies The official…
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PepsiCo outlines growth strategies amid market challenges By Investing.com
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In the Q3 2024 earnings call, PepsiCo (ticker: NASDAQ:) executives discussed the company’s performance and future strategies. Despite facing consumer behavior changes and geopolitical concerns, PepsiCo is optimistic about long-term growth, particularly in the Frito-Lay segment and international markets. The company is focusing on enhancing core products, investing in promotional…
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Dollar retreats from highs; euro helped by German data By Investing.com
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Investing.com – The US dollar fell on Tuesday, but remained near seven-week highs, as traders weighed the Federal Reserve’s monetary policy outlook in the wake of last week’s strong jobs report. At 04:20 EDT (08:20 GMT), the dollar index, which tracks the US currency against a basket of six other…
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Israel is considering striking energy facilities in Iran – report
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Oil prices rebounded after an NBC report citing US officials saying Israel is considering striking energy facilities in Iran. An earlier Jerusalem Post report said they were only looking at military targets. The NBC report says: US officials said they did not believe Israel had made a final decision on…
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‘Mag Seven’ Rally as Nvidia’s Winning Run Hits 13%: Markets Wrap
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(Bloomberg) — A rally in the world’s largest technology companies sent stocks higher, with the market rebounding from its worst session in a month. The turmoil in Treasuries paused as traders delved into comments from Federal Reserve officials. Most read from Bloomberg The tech-heavy Nasdaq 100 rose 1.1%, with Nvidia…
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Miners, luxury sector weigh on Europe’s STOXX 600 By Reuters
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By Sruthi Shankar, Paolo Laudani, and Johann M. Cherian (Reuters) – European stocks closed lower on Tuesday, as a lack of new details on China’s stimulus measures sparked selling in sectors linked to the world’s second-largest economy, such as mining and luxury goods. The European index fell by about 1%…
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USD/JPY outlook heading into elections
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Investing.com – The pair has seen volatile trading lately, and Citigroup is discussing its potential moves as Japan and the US host elections in the near future. At 09:00 EST (13:00 GMT), USD/JPY was trading down 0.1% at 148.09 yen, after trading at a two-month high of 149.12 yen at…
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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement
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The USD/CAD continues to move upward after reaching last Wednesday’s bottom near 1.3472. Since then, the price has risen for five consecutive days, reaching its highest level at 1.3660 in today’s trading. In the process today, the price was able to expand above the September high at 1.36467. This is…
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USDCAD makes a break above high from September, 100 day MA and broken 38.2% retracement
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The USD/CAD continues to move upward after reaching last Wednesday’s bottom near 1.3472. Since then, the price has risen for five consecutive days, reaching its highest level at 1.3660 in today’s trading. In the process today, the price was able to expand above the September high at 1.36467. This is…
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Gold Price Forecasts Raised by HSBC Amid Global Uncertainty
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HSBC raises its gold price forecasts for 2024 and beyond due to geopolitical tensions and fiscal imbalances. Discover how this influences the growing demand for gold as a safe-haven asset. The post Gold Price Forecasts Raised by HSBC Amid Global Uncertainty first appeared on Investorempires.com.
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CFD Trading: Higher Expected Returns and Better Diversification
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CFDs offer short-term traders higher expected returns and better diversification, providing opportunities through leverage and a broad range of assets, including stocks and cryptocurrencies. Learn the key benefits and risks of CFD trading. The post CFD Trading: Higher Expected Returns and Better Diversification first appeared on Investorempires.com.
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These 2 stocks will trade in a volatile fashion during Tesla’s robotaxi event By Investing.com
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Investing.com – As Tesla (NASDAQ:) prepares for an upcoming robotics event, analysts at RBC Capital expect volatility in the share prices of ride-sharing giants Uber (NYSE:) and Tesla Inc (NYSE:). Lyft (Nasdaq:). The event, which is set to showcase Tesla’s developments in autonomous vehicle (AV) technology, could lead to market…