Category: Markets
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Citi discusses USD/JPY outlook amid LDP election uncertainty By Investing.com
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Citi has issued a statement addressing the potential outcome of the Liberal Democratic Party presidential election in Japan and its impact on the currency pair. The financial services company noted that it was difficult to predict the impact of the elections on the exchange rate due to the crowded nature…
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Dallas Fed services sector outlook index -7.7 vs -0.1 prior
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Dallas Fed Services Sector Expectations Index Previous was -0.1 Revenue Index +8.7 vs. +7.7 previously Employment +0.6 vs. -0.2 previously Company forecast -3.1 vs. +1.0 previously 6-month index +12.4 vs. +20.5 previously Comments in the report: Facilities I feel like a recession is going to hit the US. Storage and…
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Hims & Hers Health declines as Lilly launches single-dose vials of Zepbound By Investing.com
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Shares of Hims & Hers Health fell more than 6% Tuesday morning in response to Eli Lilly’s (NYSE:) latest announcement. Lilly announced that it has launched single-dose vials of its obesity drug, Zebound, at a 50% discount to other incretins, a move that comes amid growing competition in the obesity…
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Bullish euro momentum, buy EUR/SEK
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Investing.com – The euro is enjoying bullish momentum at the moment, according to Bank of America Securities, and this looks likely to continue. The sell-off in the US dollar was undoubtedly the focal point of the foreign exchange market in August, while investors may not have sufficiently appreciated the broad…
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ECB’s Knot: Comfortable with gradual easing
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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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Coca Cola stock replaces Pepsi as Morgan Stanley’s Top Pick in beverages By Investing.com
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Morgan Stanley analysts have raised Coca-Cola to their top pick in the beverage sector, replacing PepsiCo. The investment bank also raised its price target. Coca-Cola Company (NYSE:) shares from $70 to $78, representing a gain of about 10% from recent levels. “We continue to favor Coca-Cola here in absolute terms…
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EUR/USD to grind higher to above 1.15 in 2025: UBS By Investing.com
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On Tuesday, UBS noted that a slowing US economy could weaken the US dollar as the Federal Reserve may begin to ease monetary policy. For investors, UBS sees the exchange rate, which has been in a range of 1.10-1.15, rising above 1.15 by 2025. The brokerage notes that any dips…
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What really moves stocks? | Forexlive
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When beginners approach stocks they look for either technical analysis or financial analysis like earnings, cash flow, price to earnings ratio, balance sheet etc. This is not what moves stocks. If you want to be convinced of your ideas, you need to know what moves your stocks and what the…
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Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake By Reuters
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By Himanshi Akhand and Louis Jackson (Reuters) – Australia’s Woodside Energy reported a 14 percent drop in first-half profit on Tuesday due to lower oil prices, but the result and its dividend beat market expectations, sending its shares up 4 percent. Chief executive Meg O’Neill said there was significant interest…
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Asia FX weakens amid China trade jitters; yen rally stalls By Investing.com
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Most Asian currencies fell on Tuesday as concerns about a trade war over new Canadian tariffs on China mounted, while some weak inflation data held back the Japanese yen’s advance. The dollar’s recovery from 13-month lows also weighed on regional markets, as rising geopolitical tensions in the Middle East, Libya…
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BofA likes the USD lower and GBP higher
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US Dollar: Bearish The central bank expects the US dollar to weaken in the medium term due to the expected rate cuts by the Fed and slowing growth in the US. However, the downside is somewhat balanced by the fact that a significant amount of easing has already been priced…
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Will rate cuts make Asian small caps more attractive? Bernstein weighs in By Investing.com
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The prospect of lower interest rates in the coming months is a favorable environment for small-cap stocks in Asia, although some risks to that trend remain, Bernstein wrote in a note. Japan and some economies in the Association of Southeast Asian Nations (ASEAN) region have shown positive growth trends, reflecting…
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Currencies tread water as Middle East risks temper rate cut optimism By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The dollar edged up on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partly overshadowed investor optimism about an imminent U.S. interest rate cut. Geopolitical risks kept early currency moves subdued, although fears of an escalation…
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Daily Broad Market Recap – August 26, 2024
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Markets started the week on a quiet note as traders remained on the sidelines waiting for potential catalysts this week. But crude oil was an exception, crude oil prices went up and haven’t looked back! Find out what market topics moved the markets on Monday: Headlines: Over the weekend, Israel…
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China’s January – July industrial profits rise 3.6% YoY
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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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Kroger case tests FTC Chair Khan’s bid to protect workers By Reuters
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Written by Judy Godoy (Reuters) – Federal Trade Commission Chair Lina Khan’s push to use antitrust laws to protect workers is being tested in a trial that began on Monday as the agency alleges that grocery chain Kroger Inc’s proposed merger with rival Albertsons Inc would crush the bargaining power…
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TA of the Day: Is the S&P 500 Set to Resume Its Rally After Edging Lower?
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the Standard & Poor’s 500 Saudi Arabia’s stock market took a breather and fell slightly on Monday after the cloud of bullish magic that two prominent central bankers sprayed on markets last week began to subside. Last Friday, Federal Reserve Chairman Jerome Powell and Bank of Japan Governor Ueda made…
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What are the technicals telling traders in the EURUSD, USDJPY and GBPUSD pairs
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In this video, I take a look at the three major currency pairs from a technical perspective. On Monday, the EUR/USD pair fell, approaching its rising 100-hour moving average which is currently at 1.1143 (current price at 1.11615). This moving average will be a key barometer for the pair in…
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Russia stocks higher at close of trade; MOEX Russia up 3.78% By Investing.com
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Investing.com – Russian stocks were higher after Monday’s close, as gains in the banking and services sectors led shares higher. At the end of trading in Moscow, the index rose by 3.78%. The session’s top performer was NOVATEK (MCX:), which rose 9.54% or 88.20 points to trade at 1,013.00 at…
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Forexlive Americas FX news wrap: US dollar rebounds, Daly highlights Fed put
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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…