Category: Markets
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Brazil’s telecom regulator Anatel could revoke Starlink license, says official By Reuters
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(fix typo in second paragraph) Written by Ricardo Brito and Luciana Magalhaes BRASILIA/SAO PAULO (Reuters) – Brazil’s telecom regulator Anatel said on Monday it could impose sanctions on Starlink, the satellite internet provider controlled by Elon Musk, for failing to comply with the country’s rules and possibly revoke its license…
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Dollar edges lower ahead of payrolls; euro benefits By Investing.com
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Investing.com – The U.S. dollar was slightly lower on Monday in light holiday-affected trading, as traders awaited key labor market data for clues on a potential interest rate cut by the Federal Reserve. At 05:55 ET (09:55 GMT), the dollar index, which tracks the greenback against a basket of six…
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The August ISM manufacturing index is due on Tuesday
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ISM Manufacturing US markets are closed on Monday for Labor Day but will be back in action on Tuesday with some important economic data. The highlight is the August ISM Manufacturing Index at 10 a.m. ET. In July, the survey results were disappointing, falling to 46.8 points compared to the…
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Watch out! September has a history of being the worst month of the year By Investing.com
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Yardeni Research analysts see a positive trajectory over the next two months despite September’s historical trend of being a challenging month for stocks. The research firm expects the expected monetary easing by the US Federal Reserve, which begins with a 25 basis point cut in the federal funds rate on…
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Stocks Hover as Traders Brace for September Swings: Markets Wrap
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(Bloomberg) — Global stocks rose to near record highs on Monday as investors braced for what is typically the most challenging month for equities. Most Read from Bloomberg The pan-European STOXX 600 index pared most of its earlier losses after closing at a record high on Friday. Volkswagen AG rose…
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A dollar on the defensive brings relief to policymakers globally By Reuters
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By Alan John and Karen Strohecker LONDON (Reuters) – The dollar fell more than 2 percent against other major currencies in August, its biggest monthly decline this year, providing some relief to economies that have suffered under the weight of a strong greenback. The dollar’s long-awaited downward trend is driven…
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Why You Shouldn’t “Predict” Forex Price Action
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Sufficient experience in the Forex market may fool some traders into believing that they can completely predict price movements. After all, if you have years of screen time and have dedicated 10,000 hours to developing your analytical skills, it can be tempting to assume that you know the markets inside…
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easyMarkets APAC Launches Pro Trader Altitude, Elevates Trading to Luxurious New Heights
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We are delighted to announce the launch of the Pro Trader Altitude Club in Australia, a premium trading membership designed to provide unparalleled access to exclusive financial instruments and trading conditions as well as the luxury and excitement of VIP networking experiences in a private setting, at major sporting events…
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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.18% By Investing.com
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Investing.com – Saudi Arabia stocks were lower after Monday’s close, as losses in the banking and finance sectors led shares lower. At the close in Saudi Arabia, the general market index lost 0.18%. The session’s top performer was Saudi Cables Co. (TADAWUL:), which rose 9.87% or 6.80 points to trade…
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Dollar set for further losses
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Investing.com – The U.S. dollar recently fell to its lowest level this year amid growing expectations that the Federal Reserve will soon start cutting interest rates, and UBS expects more losses to come. At 05:55 ET (09:55 GMT), the dollar index, which tracks the greenback against a basket of six…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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FX Watch: USD/CHF’s Potential Pullback Levels This NFP Week
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The USD/CHF pair is rapidly approaching a potential resistance area ahead of the closely watched US labor data. Will the pair continue its trend in the coming days? If you missed last week’s FX reading, you should know that the US dollar regained some ground after positive US reports eased…
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Gold Technical Analysis – The calm before the storm?
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Basic Overview Gold continues to trade in a tight range as the market awaits key catalysts this week. As a reminder, the Fed is now very focused on the labor market as Fed Chair Powell said they will not welcome further weakness and will do everything they can to maintain…
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ICBC maintains growth with steady interim results By Investing.com
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Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank by assets, reported stable main performance indicators and steady growth in its operating results for the first half of 2024. The bank’s total assets surpassed RMB47 trillion, with a significant customer loan increase and a net profit that…
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ICBC maintains growth with steady interim results By Investing.com
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Industrial and Commercial Bank of China Limited (ICBC), the world’s largest bank by assets, reported stable main performance indicators and steady growth in its operating results for the first half of 2024. The bank’s total assets surpassed RMB47 trillion, with a significant customer loan increase and a net profit that…
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Dollar eases after hitting highest in almost two weeks, US job data looms By Reuters
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By Stefano Ribaudo and Kevin Buckland TOKYO (Reuters) – The dollar fell on Monday but remained close to its highest in nearly two weeks as investors’ focus turned to a U.S. jobs report due later this week. U.S. payrolls data due on Friday will be crucial after Federal Reserve Chairman…
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Chart Art: EUR/CAD Long-Term Area of Interest
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I see a writing breakout and retest position on the daily chart of EUR/CAD! Will the potential support area hold or will we see a breakout this time? EUR/CAD Daily Currency Pair Chart by TradingView Last week’s rise in crude oil prices helped support the commodity-linked Canadian dollar against most…
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Chart Art: EUR/CAD Long-Term Area of Interest
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I see a writing breakout and retest position on the daily chart of EUR/CAD! Will the potential support area hold or will we see a breakout this time? EUR/CAD Daily Currency Pair Chart by TradingView Last week’s rise in crude oil prices helped support the commodity-linked Canadian dollar against most…
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A growing rift at the ECB on the economic outlook?
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Well, that’s the potential disagreement that could affect the interest rate cut debate in the coming months. Reports suggest that some policymakers want to focus more on recession fears while others insist on holding firm on the inflation battle. It’s pretty much certain that interest rates will be cut in…
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Sanofi MS drug tolebrutinib misses goal in relapsing disease trials By Reuters
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By Ludwig Berger (Reuters) – Sanofi Nasdaq:NASDAQ:NASDAQ:MSN’S most advanced multiple sclerosis drug failed to meet the main goal of two late-stage trials to treat recurrent forms of the disease, dimming the prospects for a broad class of drugs. The French drugmaker said on Monday that two phase 3 trials showed…