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Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Markets Week Ahead: Gold Overreacts, Sterling Sinks and USD Advances
Mar 25, 2024
Gold Whipsaws and Signals a Potential Momentum Shift The precious metal rose phenomenally in the wake of the FOMC meeting and updated summary of economic projections. The US dollar acted as the release valve for all the hawkish sentiment that had been priced into the market. US activity, jobs and inflation data printed on the higher side of estimates in...
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
US Dollar Forecast: PCE Data to Steal Show; EUR/USD, USD/JPY, GBP/USD Setups
Mar 23, 2024
Most Read: U.S. Dollar Outlook Market Sentiment: USD/JPY, USD/CAD, USD/CHF The U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the...
Oil Update: Russia
Oil Update: Russia
Mar 23, 2024
Brent Crude Oil News and Analysis Over 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our...
Gold IG Client Sentiment: Our data shows traders are now net
Gold IG Client Sentiment: Our data shows traders are now net
Mar 25, 2024
Number of traders net-short has decreased by 16.42% from last week. SYMBOLTRADING BIASNET-LONG%NET-SHORT%CHANGE IN LONGSCHANGE IN SHORTSCHANGE IN OI Gold BEARISH 50.43% 49.57% 11.14% Daily7.51% Weekly 6.18% Daily-16.42% Weekly 8.62% Daily-5.85% Weekly Gold Bearish Data provided by of clients are net long. of clients are net short. Change in Longs Shorts OI Daily 11% 6% 9% Weekly 8% -16% -6%...
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TREASURIES-10-year yields hit one-month low after Powell comments
TREASURIES-10-year yields hit one-month low after Powell comments
Mar 6, 2024
(Updated at 10:30 EST) By Karen Brettell March 6 (Reuters) - Benchmark 10-year U.S. Treasury yields fell to a one-month low on Wednesday after Federal Reserve Chair Jerome Powell said that continued progress on inflation is not assured, though the central bank still expects to reduce its benchmark interest rate later this year. If the economy evolves broadly as expected,...
EXPLAINER-Charting the Fed's economic data flow
EXPLAINER-Charting the Fed's economic data flow
Mar 6, 2024
March 6 (Reuters) - Federal Reserve policymakers held the benchmark overnight interest rate steady in the 5.25%-5.50% range at the Jan. 30-31 policy meeting, but said they would consider reducing it once they are more confident inflation will fall to the U.S. central bank's 2% target. Data on inflation, jobs and consumer spending will influence that decision, with the next...
US Benchmark Stock Indexes Rise, Treasury Yields Decline as Powell Leaves Interest-Rate Cuts on the Table
US Benchmark Stock Indexes Rise, Treasury Yields Decline as Powell Leaves Interest-Rate Cuts on the Table
Mar 6, 2024
12:36 PM EST, 03/06/2024 (MT Newswires) -- US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even though a reduction is on the cards for this year. The S&P 500 climbed 0.9% to 5,126.3, with the Nasdaq Composite up...
Powell's Comments on Monetary Policy Boosts Exchange-Traded Funds, US Equities
Powell's Comments on Monetary Policy Boosts Exchange-Traded Funds, US Equities
Mar 6, 2024
01:00 PM EST, 03/06/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading higher. Actively traded Invesco QQQ Trust (QQQ) was up 1.1%. US benchmark stock indexes rose after midday Wednesday as Federal Reserve Chair Jerome Powell's remarks to Congress suggested the central bank is not in a hurry to cut interest rates even...
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Market Chatter: Exxon Looking to Sell Traditional Oil Assets in Permian Basin for $1 Billion
Market Chatter: Exxon Looking to Sell Traditional Oil Assets in Permian Basin for $1 Billion
Aug 29, 2024
01:07 PM EDT, 08/27/2024 (MT Newswires) -- Exxon Mobil ( XOM ) is looking to sell a host of traditional oil assets in the Permian Basin for about $1 billion as it focuses on shale production, Bloomberg reported Tuesday, citing people familiar with the matter. The package includes older wells in the region's Central Basin that produce small, yet stable,...
Definity Financial's Q3 Estimates Lowered at BMO
Definity Financial's Q3 Estimates Lowered at BMO
Aug 29, 2024
12:47 PM EDT, 08/27/2024 (MT Newswires) -- BMO has cut its third quarter operating EPS estimate for Definity Financial ( DFYFF ) to $0.05 from $0.38 (consensus was $0.49). Definity's July/August CAT losses of $150 million (14.7% of net premiums earned) compares with BMO's previous $98 million third quarter estimate. The update relates largely to Jasper wildfires, rainstorms and flooding...
Delcath Systems Shares Rise After Positive Hepatic Perfusion Study Results
Delcath Systems Shares Rise After Positive Hepatic Perfusion Study Results
Aug 29, 2024
01:03 PM EDT, 08/27/2024 (MT Newswires) -- Delcath Systems' ( DCTH ) shares jumped 10% in recent Tuesday trading after the company reported positive outcomes from an independent study on hepatic perfusion for patients with uveal melanoma. A retrospective 30-patient study found the company's Hepzato Kit provided superior liver disease control and progression-free survival for metastatic uveal melanoma patients compared...
BNY Mellon Enters $5 Million Settlement With CFTC Over Swap Reporting Failures
BNY Mellon Enters $5 Million Settlement With CFTC Over Swap Reporting Failures
Aug 29, 2024
12:51 PM EDT, 08/27/2024 (MT Newswires) -- Bank of New York Mellon ( BK ) will pay $5 million to settle alleged failure to accurately report millions of swap transactions and properly supervise its swap dealer business, the Commodities Futures Trading Commission said. The trade watchdog found that the bank allegedly failed to accurately report at least five million swap...
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