News
Important Only
USD/CAD recovers at Fed rate-setters' reluctance to endorse interest-rate cuts
Investing.comJun 26, 2024
FedEx, Rivian, Whirlpool rise premarket; Southwest Airlines, Chipotle fall
FxstreetJun 26, 2024
United States MBA Mortgage Applications declined to 0.8% in June 21 from previous 0.9%
EUR: French election and US PCE to guide the EUR/USD – ING
FxstreetJun 26, 2024
ECB's Panetta: ECB will pursue normalization gradually and smoothly
Japanese Yen nears critical 160.00 level as Japan’s 10-year rate hits 1%
Forex
USD/CAD recovers at Fed rate-setters' reluctance to endorse interest-rate cuts
USD/CAD edges higher on Wednesday, trading in the 1.3680s as the US Dollar (USD) firms up on commentary from several Federal Reserve (Fed) rate-setters, that overall suggests the US central bank is reluctant to cut its main interest rate, the Fed Funds rate, due to insufficient progress being made on lowering inflation.Fxstreet
Jun 26, 2024
Stocks
FedEx, Rivian, Whirlpool rise premarket; Southwest Airlines, Chipotle fall
Investing.com -- U.S. stock futures edged mainly higher Wednesday, continuing to rebound after breaking a three-day losing streak the previous session, helped by tech sector gains.Here are some of theInvesting.com
Jun 26, 2024
Economic Indicator
ECB's Panetta: ECB will pursue normalization gradually and smoothly
European Central Bank (ECB) executive board member Fabio Panetta said on Wednesday that the current economic environment in the Eurozone is consistent with a normalization of the monetary stance, per Reuters.Fxstreet
Jun 26, 2024
Forex
Japanese Yen nears critical 160.00 level as Japan’s 10-year rate hits 1%
The Japanese Yen (JPY) weakens again on Wednesday in a near 10-day losing streak that only had one hiccup on the way up. Traders are dipping their toes in the water to see if the Japanese Ministry of Finance is set to intervene in forex markets.Fxstreet
Jun 26, 2024
Stocks
Russell rebalance: Deeper tech under-weighting awaits large-cap growth PMs
Benchmark indexes by FTSE Russell are set to undergo this week, with the past year’s unprecedented rally in AI-related stocks expected to leave a major impact on the indexes’ final composition.The RusInvesting.com
Jun 26, 2024
Economic Indicator
ECB: Lagarde is not on the list of today’s speakers – UBS
There are several ECB speakers on the agenda today. One speaker, Rehn, has already suggested that two further rate cuts are a reasonable estimate for ECB action this year, Chief Economist at UBS Global Wealth management Paul Donoban notes.Fxstreet
Jun 26, 2024
Economic Indicator
China: The Third Plenum to bring reaffirmation of basic principles – Standard Chartered
The July Plenum gives the government a rare opportunity to tackle the lack of confidence by rekindling hopes of growth-friendly reforms, Standard Chartered analysts Shuang Ding and Hunter Chan note.Fxstreet
Jun 26, 2024
