Category: Markets
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The JPY is the strongest and the CAD is the weakest as the NA session begins.
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From strongest to weakest among major currencies As the North American session begins, the Japanese yen is the strongest and the Canadian dollar is the weakest. The US dollar is mixed to decline to start the new trading week. There will be two central bank meetings this week and interest…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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SAIC posts in-line Q1 earnings, slight revenue beat By Investing.com
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RESTON, VA – International Corporation (NASDAQ:) (NASDAQ: SAIC), a leading Fortune 500® technology integrator, reported first-quarter earnings per share (EPS) of $1.92, in line with… Analysts’ expectations. Revenue for the quarter marginally beat expectations, coming in at $1.85 billion versus the consensus estimate of $1.84 billion, representing a slight increase…
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Milady Meme Coin Secures US$5 Million Investment from DWF Labs
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Milady Meme Coin ($LADYS) announced a major investment of $5 million USD from DWF Labs. This investment represents a pivotal moment for $LADYS, positioning it for accelerated growth and innovation in the cryptocurrency space. A new era for the AD Meme coin With the capital infusion from DWF Labs, $LADYS…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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UK May Final Manufacturing PMI 51.2 vs.51.3 expected
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Final Manufacturing PMI 51.2 vs. 51.3 expected and 49.1 previous. Key findings: Manufacturing PMI at 51.2 in May Production is rising in all major subsectors and size categories. Business optimism rises to 27-month high comment: Commenting on the latest survey results, Rob Dobson, Director of S&P Global Market Intelligence, said:…
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Andrey Dashin’s Exinity Onboards New Group CFO
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Exinity, which runs brands such as Alpari and FXTM, has appointed Puneet Gumra as the new group CFO. Headquartered in Dubai, Ghamra is an offshore Forex and CFDs company. “I look forward to contributing to the company’s vision and working with an incredibly talented team to achieve new heights,” Ghamra…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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The winners and losers of May trading in FX, and what to look out for in June?
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Here’s a little hint. Yes, I may not have felt it but the dollar was actually the underperformer in May trading. Here’s how the major currency bloc performed against the dollar during the month: EUR +1.7% Japanese Yen +0.3% British Pound +2.0% Swiss Franc +1.9% CAD +1.1% Australian Dollar +2.8%…
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AMD launches new AI chips to take on leader Nvidia By Reuters
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Written by Arshia Bajwa TAIPEI (Reuters) – Advanced Micro Devices (NASDAQ:) unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia (NASDAQ:). At the Computex technology trade show in Taipei, AMD…
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US ISM PMI data due Monday, the range of estimates (& why they’re crucial to know)
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The S&P Purchasing Managers’ Index (PMI) is the warm-up, scheduled for release at 9.45am EST. The ISM Manufacturing PMI is in greater focus, due to be released at 10am. By looking at the forecast range compared to the consensus average (“expected” in the screenshot above) for the ISM data point,…
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Reservoir Media reports record revenue, eyes M&A growth By Investing.com
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Reservoir Media (RSVR) announced robust financial performance for the fourth quarter and full fiscal year 2024, achieving record-setting total revenue and operating income. The company witnessed an 18% year-over-year increase in revenue for the fiscal year, with its music publishing and recorded music segments growing by 15% and 22% respectively.…
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PBOC is expected to set the USD/CNY reference rate at 7.2378 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Analysis-Red tape clogs China’s offshore IPO pipeline even as markets recover By Reuters
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Written by Ken Wu, Julie Zhu, Selina Li, and Scott Murdoch HONG KONG (Reuters) – More than a year after China pledged to make overseas listings easier, companies are grappling with a regulatory impasse that is unlikely to ease soon, and eyeing the prospect of sharply lower valuations even as…
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Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports By Reuters
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(Reuters) – Skydance Media last week revised its offer to Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The new proposal values Paramount B shares at a roughly 26%…
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Goldman Sachs says the OPEC+ meeting outcome is bearish for oil
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The summary of the OPEC+ meeting on Sunday is: The organization agreed to extend cuts of 3.66 million barrels per day for one year until the end of 2025 (they were scheduled to end at the end of 2024). Agreement to extend cuts of 2.2 million barrels per day for…
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Premium Forex Watch Recaps: May 28, 2024
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With expectations for a less volatile week, our strategists slowed the trading pace slightly with just two Forex market discussions surrounding the release of the Australian CPI. Among the two discussions One scenario/price forecast saw both financial and technical arguments being raised To become a potential candidate for a risk…
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A Key to Smart Investing By Investing.com
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A stock’s intrinsic value represents its true value, which is determined by fundamental factors such as earnings, assets, growth potential and industry outlook. Unlike market price, which can fluctuate due to sentiment and external factors, intrinsic value reflects the underlying value of a business. For investors, understanding this intrinsic value…
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Regulators Conducted Preliminary Reviews on Potential Prop Trading Regulations
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The growing popularity of trader-funded companies, marketed as leveraged trading companies, has attracted the attention of regulatory bodies. An industry source said Finance poles The European Securities and Markets Authority (ESMA) recently conducted a preliminary examination on these supporting trading companies and also discussed potential regulations in the industry. However,…
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Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan By Reuters
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Written by Mike Dolan LONDON (Reuters) – The sight of the pound hitting its highest levels since the 2016 Brexit referendum after a surprise election announcement in the United Kingdom is hard to ignore – and may signal hope on the sidelines of recovery from the economic damage linked to…