Author: FX
YieldMax BRK.B Option Income Strategy ETF declares $0.5029 dividend Source link
THe USD is higher vs all the major currencies but little changed vs each to kickstart the day on July 9. A look at the major currencies vs the dollar show the following modest changes and ranges from the highs to the lows:Euro: +0.17% | Range: 1.1729 – 1.1701 = 28 pips vs 1 month average of 82 pipsJapanese Yen: +0.08% | Range: 147.18 – 146.54 = 64 pips vs 1 month average of 126 pipsBritish Pound: +0.01% | Range: 1.3608 – 1.3565 = 43 pips vs 1 month average of 100 pipsSwiss Franc: +0.06% | Range: 0.7979 – 0.7955…
Back in 1969 when my buddies and I were still vibing to The Beatles’ Hey Jude, management trainer, Martin Broadwell, talked about the “four levels of teaching” to describe the work that needs to be done to learn a skill. Broadwell discussed teaching, but his ideas about competence levels became popular in psychology and self-development circles. What are these “levels of competence” and can they be applied to your forex trading journey? Stage 1: Unconscious incompetence It may sound like a fancy insult, but this just means that you don’t know yet how unknowledgeable you are about the subject. You’ve probably heard…
A former BoJ policymaker, Makoto Sakurai, told Reuters that the BoJ will likely delay rate hikes until at least next March as they deal with US tariffs. This follows the higher tariffs that Trump is expected to place on Japan from August 1 and lack of progress in negotiations. The BoJ indeed said many times that they are waiting for some clarity on US-Japan trade negotiations and a trade deal before considering raising rates. The trade deal for the central bank is now the priority and inflation comes second. For JPY traders, the next big catalyst will be the US-Japan…
Sound Point Meridian Capital raises $48M with preferred stock priced at $25 Source link
Ad group WPP cuts outlook as clients rein in spending, shares plunge Source link
Fundamental OverviewGold remains rangebound as traders await new catalysts for the next direction. Since the NFP, the path of least resistance has been to the downside as the hawkish repricing in interest rates expectations weighed on the precious metal.In the bigger picture, gold should remain in an uptrend as real yields will likely continue to fall amid Fed easing. But further hawkish repricing in rate cuts expectations could trigger corrections in the short term. The next key event for the market will be the US CPI report next week. Soft figures should give gold a boost, while hot data will…
Sundry Photography/iStock Editorial via Getty ImagesMerck (NYSE:MRK) is close to finalizing a deal worth around $10 billion to acquire Verona Pharma (NASDAQ:VRNA), a biotech firm specializing in lung diseases, according to a report by the Financial Times on Wednesday. The deal would value Verona at $107 Source link
Gold price remains under some selling pressure amid reduced bets for a Fed rate cut in July.The USD stands firm near a two-week high and contributes to the commodity’s offered tone.Tariff jitter weighs on investors’ sentiment, though it does little to impress the XAU/USD bulls.Gold price (XAU/USD) touches a one-and-a-half-week low, around the $3,285-3,284 region during the Asian session on Wednesday, and seems vulnerable to slide further. Investors now seem convinced that higher US tariffs would underpin inflation in the coming months and force the Federal Reserve (Fed) to keep interest rates steady for an extended period. This has been…
The Australian Dollar gains ground as RBA Bullock warned that inflation risks persist.China’s Consumer Price Index rose 0.1% YoY, while the monthly CPI fell by 0.1% in June.President Trump may announce soon a 50% tariff on imported copper and a 200% tariff on pharmaceutical imports.The Australian Dollar (AUD) appreciates against the US Dollar (USD) on Wednesday, extending its gains for the second successive session. The AUD/USD pair appreciated as the Reserve Bank of Australia (RBA) Governor Michele Bullock said in a post-meeting conference that inflation risks persist due to elevated unit labor costs and weak productivity, which could push inflation…