Category: Markets
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Boeing Starliner’s first astronaut crew welcomed aboard space station By Reuters
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Written by Joey Rowlett and Steve Gorman (Reuters) – Boeing Co.’s new Starliner capsule and NASA’s inaugural two-member crew safely docked with the International Space Station on Thursday, in a key test to prove the ship’s airworthiness and increase Boeing’s (NYSE:) competition with Elon Musk. SpaceX. The rendezvous was achieved…
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Unwinding of hugely popular currency trade rocks markets By Reuters
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By Harry Robertson LONDON (Reuters) – A sharp fall in the Mexican currency after a landslide election result rattled foreign exchange markets as far as Hungary and Turkey this week, leaving investors wondering whether the unwinding of the popular “carry trade” will continue. A carry trade involves investors borrowing in…
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ANZ expect the first Reserve Bank of New Zealand rate cut in February 2025 (prior May ’25)
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Reserve Bank of New Zealand forecasts from ANZ in New Zealand. Briefly: We have revised our forecast for the official cash rate (OCR) and now expect the first OCR cut to come in February 2025, rather than May. Domestic inflation… We expect that there will be tangible progress around the…
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World stocks shine after cautious ECB rate cut By Reuters
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Written by Mark Jones and Koh Gui Cheng NEW YORK/LONDON (Reuters) – Global stocks hit all-time highs and the euro rose on Thursday after the European Central Bank cut interest rates for the first time in nearly five years, while signaling that further moves may take some time. Policymakers at…
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Goldman Sachs’ Former Executive Nikolay Karpenko Joins B2C2 as Director
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Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24 Payments in Africa: A Cross-Border and Device Revolution | Fmas:24…
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Dollar steadies, euro edges higher ahead of key ECB meeting By Investing.com
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Investing.com – The US dollar was steady in early European trade on Thursday, while the euro rose ahead of the European Central Bank’s latest policy-setting meeting. At 04:00 EST (09:00 GMT), the dollar index, which tracks the US currency against a basket of six other currencies, rose slightly to 104.265.…
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What to expect from the US jobs report tomorrow
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The US jobs report will be released at 8:30 AM EST tomorrow. Last month (April), payrolls reached 175,000 which was well below the estimate of 243,000 at the time. The previous month’s revision was -22k. Other details from the April report showed: Unemployment rate 3.9% vs. 3.8% expected (3.8% previously)…
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Wall Street mixed as Nvidia retreat hits tech stocks; payrolls data in focus By Reuters
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By Lisa Pauline Mattkal and Johan M. Cherian (Reuters) – Wall Street struggled for direction on Thursday as artificial intelligence favorite Nvidia (NASDAQ:) fell after a tech-led rise in the previous session, and investors awaited a key labor market report before the Federal Reserve meets next week to decide on…
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BritishAmerican Business Unveils Comprehensive Guide to Help UK Firms Succeed in US Markets
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British American Business (BAB) has launched the latest edition of its annual Trade and Investment Guide, an important resource for UK businesses aiming to expand their US operations. This comprehensive guide is designed to help UK businesses navigate the vast and diverse US market, and provides detailed insights into different…
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Steady euro takes ECB rate cut in stride By Reuters
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Written by Alden Bentley, Alun John and Ray Wee NEW YORK/LONDON/SINGAPORE (Reuters) – The euro fluctuated in a narrow range on Thursday after the European Central Bank cut interest rates from record high levels after months of anticipation, rising and then falling briefly with the results of the European Central…
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Daily Broad Market Recap – June 5, 2024
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‘Risk’ assets and their US dollar counterparts saw gains during the US session as more traders priced in a potential interest rate cut by the Federal Reserve. The US dollar itself was largely stable, shedding points against commodity-linked currencies but also posting gains against other safe havens such as the…
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ECB’s Lagarde: We are not pre-committing to a particular rate path
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The euro zone economy is expected to continue to recover in the coming quarters This follows growth in the first quarter, after five quarters of “stagnation.” The service sector is expanding, and manufacturing is showing signs of stabilization Price pressures are gradually diminishing However, wages are still rising at a…
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Nvidia, Lululemon, Carvana rise premarket; Five Below, Victoria’s Secret fall By Investing.com
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Investing.com – US stocks traded in tight ranges on Thursday ahead of the release of initial weekly jobless claims data, and ahead of the key non-farm payrolls report on Friday. Here are some of the biggest movers of US stocks in the pre-market today: Nvidia (NASDAQ:) stock rose 1.7%, extending…
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HyperCycle Hands Out NFC-Powered Wearable HyperRings at Super AI In Singapore
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Blockchain-based AI infrastructure startup HyperCycle.ai It is making its mark in the wearables market by launching the new HyperRing. It is a strikingly beautiful, battery-free device that uses NFC technology to enable crypto payments and securely store user data in a decentralized manner. the first Excessive rings It was distributed…
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BoC rate cut likely to be followed by more in 2H24 By Investing.com
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Investing.com – The Bank of Canada (BoC) on Wednesday cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute to market expectations of a 20 basis point cut before the announcement. The Bank of Canada emphasized its data-driven approach…
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Chart Art: New Channel forming on Gold (XAU/USD)
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Check out these higher lows and higher lows forming on the 4-hour gold time frame! Will we see stronger momentum taking it to new highs soon? Here are the inflection points I’ve been seeing lately: Gold (XAU/USD) 4-Hour Frame Chart by TradingView A combination of risk-off flows and anti-USD sentiment…
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Gold Technical Analysis – The bias turned a bit more bullish
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Basic overview Gold felt pressure from rising real yields in the latter part of May which led to it falling and consolidating around the 2340 level. More recently, data has shown that the inflation panic of the first part of the year appears to be in the rearview mirror, and…