Category: Markets
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Aussie hits 2024 high as RBA stays hawkish; yuan climbs on China stimulus By Reuters
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By Kevin Buckland TOKYO (Reuters) – The Australian dollar rose to its highest level this year on Tuesday as the central bank underlined its determination to tame stubborn inflation, while the yuan rose to a 16-month high after fresh stimulus steps from China. The Reserve Bank of Australia kept interest…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Daily Broad Market Recap – September 23, 2024
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Major assets were all over the place on Monday, as traders priced in a Federal Reserve rate cut, escalating tensions in the Middle East, and a potential slowdown in global growth. What headlines have caught traders’ attention during recent trading sessions? We talk about them below! Headlines: New Zealand trade…
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Heads up: RBA monetary policy decision set for the bottom of the hour
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Imagine if the Reserve Bank of Australia actually looked like this. Unfortunately, the famous signage area has been turned into a bus station and covered with scaffolding. Oh. Anyway, the RBA will announce its latest policy decisions later. But barring any major surprises, this won’t be a big deal. Inflation…
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Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
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HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
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Oil firms evacuating US Gulf of Mexico staff as major hurricane looms By Reuters
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HOUSTON (Reuters) – U.S. oil producers scrambled on Monday to evacuate employees from oil platforms in the Gulf of Mexico as the second major hurricane in two weeks was expected to hit offshore oil fields. A potential tropical cyclone in the Caribbean is expected to rapidly strengthen over the warm…
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U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
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Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…
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People’s Bank of China Governor says must support steady recovery of prices, economy
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Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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US DOJ to sue Visa over debit card market monopoly, Bloomberg News reports By Reuters
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(Reuters) – The U.S. Justice Department plans to file a lawsuit against Visa Inc., the world’s largest payments network operator, alleging that the company illegally monopolized the country’s debit card market, Bloomberg News reported on Monday. The antitrust division is set to file a lawsuit against Visa in federal court…
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China’s youth unemployment rate hit a fresh high in the latest data
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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…
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Liberty Media exec Wendling sells over $738k in company stock By Investing.com
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Liberty Media Corp (NASDAQ:FWONK) announced recent stock transactions involving Brian J. Wendling, the company’s chief accounting officer and chief financial officer. Wendling sold a significant amount of the company’s stock, totaling more than $738,000. The transactions on September 20, 2024 involved the sale of two different classes of Liberty Media…
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Liberty Media exec Wendling sells over $738k in company stock By Investing.com
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Liberty Media Corp (NASDAQ:FWONK) announced recent stock transactions involving Brian J. Wendling, the company’s chief accounting officer and chief financial officer. Wendling sold a significant amount of the company’s stock, totaling more than $738,000. The transactions on September 20, 2024 involved the sale of two different classes of Liberty Media…
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3 reasons there are still higher prices to come for Gold – UBS target US$2700
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Gold hit an all-time high on Monday, and UBS is looking for more upside ahead. 1. The Fed’s recent 50 basis point rate cut has boosted enthusiasm for gold by lowering the opportunity cost of holding non-yielding assets. This is expected to be the start of a broader easing cycle,…
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Canada stocks higher at close of trade; S&P/TSX Composite up 0.11% By Investing.com
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Investing.com – Canadian stocks were higher after the close on Monday, as gains in the banking and services sectors led shares higher. The US stock index rose 0.11% at the close in Toronto, reaching an all-time record high. The best performers in the session were: Safe Energy Services Company .…
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USDJPY moves closer to the rising 100 hour MA
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The USD/JPY currency pair saw its share of ups and downs in today’s trading. In the New York session, the high reached the resistance level at 144.58. This level represents 50% of the pair’s trading range from the January 2023 low (see chart above). The Asian session high reached 144.45,…
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Boeing makes final offer of 30% wage increase to striking workers By Reuters
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(Reuters) – Boeing Co raised its wage proposal for thousands of striking workers on Monday, offering a 30 percent overall pay increase over four years in what it called its “best and final” offer as the strike continues. The U.S. aircraft maker also offered to reinstate a performance bonus, improve…
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The GBPUSD found seller near the 1.3358 target as outlined earlier today
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Earlier today in the introductory video, I talked about GBPUSD price action and the next target. In the review I said the following: At that time, the price was trading at 1.3324. So what happened? The price moved above the 1.3338 level and the price moved to the high swing…
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Donaldson Co. chief legal officer sells $1.05m in stock By Investing.com
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In a recent transaction, Amy C. Baker, Chief Legal Officer of Donaldson, Inc. (NYSE: DCI), a leading provider of industrial and commercial air purification equipment, sold shares of the company’s stock for approximately $1.05 million. The transaction occurred on September 19, 2024, and involved the sale of 14,500 shares at…
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More from Goolsbee: Until the rate, falling inflation has meant Fed has been tightening
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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…