Mexican Peso rallies sharply with USD/MXN falling over 2%. Mexico’s economy shows mixed signals, with Q2 GDP growth at 2.1% YoY but a contraction in economic activity, as Banxico debates the appropriateness of recent rate cuts. Powell’s speech at Jackson Hole hints at upcoming rate cuts. The Mexican Peso rallied sharply against the Greenback on…
By Alden Bentley NEW YORK (Reuters) -The dollar fell and sterling rose to its highest in more than two years on Friday after Federal Reserve Chair Jerome Powell gave an unambiguous signal that the long-anticipated U.S. interest rate cut would come next month. The weak dollar also saw the euro hit a 13-month high, and…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Powell offered a lift to US stock markets but there was some mid-day angst along with signs of sector rotation into pro-cyclical small caps. Closing changes on the day: S&P 500 +1.2% Nasdaq Comp +1.5% DJIA +1.2% Russell 2000 +3.1% Toronto TSX Comp +1.1% (record high) On the week: S&P 500 +1.4% Nasdaq Comp +1.4%…
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By Dietrich Knauth and Mike Spector NEW YORK (Reuters) – Johnson & Johnson (NYSE:) said on Friday it is negotiating with plaintiffs’ lawyers who have opposed the company’s proposed settlement of lawsuits alleging its baby powder and other talc products caused cancer, seeking to eliminate holdouts to the deal. J&J has announced plans to finalize…
Next Week’s Menu: August 24-30, 2024 August 23, 2024 Central Banks: Monetary policies will be reviewed in Hungary, Kyrgyzstan and Israel. Bostic of the Fed and Lane of the European Central Bank are among the monetary officials that will be speaking publicly. The Jackson Hole Symposium wraps up on August 25th. Event: The Eurogroup meets…
Navigating the currency market can be overwhelming, especially for beginners. However, choosing the right forex trading strategy can significantly boost your trading confidence. A well-defined strategy helps traders make informed decisions, manage risks, and achieve consistent results. In this article, we’ll explore an effective forex trading strategy that can elevate your confidence and improve your…
The UK must act to curb a sharp increase in the use of racist hate speech by British politicians and high-profile public figures, a UN body has said. Ministers must “adopt comprehensive measures to discourage and combat racist hate speech and xenophobic discourse by political and public figures” and ensure that such cases are “effectively…
NEW YORK, Aug. The post SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of STMicroelectronics N.V. Securities and Sets a Lead Plaintiff Deadline of October 22, 2024 appeared first on ForexTV. Source link