Tue, March 19, 2024

News

The Greenback: A pile of Canadian dollar bills.

Canadian Dollar Edges Up to 1.3545; WTI Crude Drops to $82.10

Quick Look: US Dollar to Canadian Dollar sees a slight increase, closing at 1.3545 with current consolidation around 1.3540. WTI Crude Oil experiences a decline from $84.48 to the latest price of $82.10 per barrel. Anticipation builds around major policy meetings, including the Federal Open Market Committee and the Bank of Japan.  The trading session involving …

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Tractable raises $60M to grow in accident - da vici recovery

FDA Nods da Vinci 5: ISRG Stock Climbs 3%

Quick Look Da Vinci 5 receives FDA 510(k) clearance less than two months post-submission. ISRG shares soared over 3% to $395.96 following the announcement. Introduction of surgeon controllers, advanced imaging, and force feedback technology. Following regulatory approvals, plans for a U.S. launch with a global rollout are on the horizon. Intuitive Surgical has received FDA …

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Wibest EUR/USD – Euro: Close up shot of US dollar bills.

EUR/USD Dips to 1.0872 Amid Economic Shifts

Quick Look: The recent downtrend in EUR/USD – 1.0980, with current activity around 1.0885. Resistance and support levels identified are crucial for the next movements. Possible rate cut in June hinted by ECB’s policymakers; Economic events like the Fed Rate decision and Eurozone inflation could heavily influence future trends. The EUR/USD pair is a critical gauge …

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Copper

Copper Hits $9,000: 5.5% Weekly Surge Amidst Supply Woes

Quick Look Copper prices exceeded $9,000 a ton, reaching an 11-month peak. A weekly surge was observed at 5.5%, highlighting a significant market movement. Supply challenges, including mine closures and output worries, increase prices. Citi predicts more upside for copper, citing demand improvements and market dynamics. Risks include market volatility and the uncertain pace of …

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Intel

Intel’s Core i9-14900KS: 6.2GHz Speed & $700

Quick Look Intel unveils the Core i9-14900KS with a top speed of 6.2GHz. Features 36MB Intel Smart Cache and a power consumption of up to 253 watts. Compatible with Z790 and Z690 motherboards, priced at $700. Surpasses AMD’s Ryzen 9 7950X3D in gaming performance. Introduces enhancements for gamers and content creators, including a 73% workflow …

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China Yuan Gains while the U.S. Dollar Continues Downfall

People’s Bank of China Sets USD/CNY at 7.0975

Quick Look PBoC sets the USD/CNY reference rate at 7.0975, defying the estimate of 7.2058. 1-Year MLF rate and 7-day RR maintained in China, signalling steady monetary policy. Net liquidity injection of 3 billion yuan amidst ongoing market regulation efforts. Post-” “quant quake” scrutiny increases, with significant adjustments in key quant funds. CSRC underscores fairness, …

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Wibest – CHF Franc: New Swiss franc notes.

Swiss Franc Dynamics: USD/CHF Eyes Bullish Reversal

Quick Look USD/CHF trades between support at 0.8670 and resistance at 0.8810, hinting at a bullish reversal. Swiss CPI aligns with forecasts; SNB holds rates at 1.75%. US economic data shows mixed signals; however, USD dominance persists in the market. EUR/CHF sees gains, with potential for further rise as long as support at 0.9510 holds. …

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getty images

Getty’s Q4: Revenue Dip & AI Shift Amid 525M Images

Quick Look Getty Images experiences a marginal revenue drop from Q3 2022 to Q3 2023. Significant growth in image and video collections and nearly doubling of active annual subscribers. Q4 revenue is forecasted to fall, with management guiding lower than analyst expectations. Stock prices rise from $4.96 to $5.28 The introduction of Generative AI by …

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Farmers and trade war - canola

Canola Market Dynamics: 60,000+ Contracts Traded

Quick Look Minor downtrends in canola prices were observed across several future contracts during Wednesday’s session. The market highlighted its liquidity with over 60,000 contracts traded Positive influences include global oil price rises, countered by pressures from lower soymeal and European rapeseed prices. The year-over-year increase in canola crush statistics points to growing production. Adjustments …

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South Korea

South Korea’s Corp Reform: A Battle Against the Discount

Quick Look South Korea introduces the Corporate Value-up Programme to mitigate the “Korea Discount” and stimulate stock market valuations. The National Pension Service (NPS), the world’s third-largest pension fund, awaits details to adjust asset allocation. Comparisons with Japan’s market reforms spotlight potential benefits and investor scepticism regarding South Korea’s approach. Legal leniency towards chaebols and …

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Dollar and the short-end U.S. yields surge - DXY

DXY Dips to 102.868: Inflation & Fed’s Future Moves

Quick Look The DXY Index recorded a minor decrease to 102.868, reflecting a -0.06% change. February’s CPI data aligns with expectations, showing a 0.4% increase month-on-month. Core inflation rates exceed forecasts, signalling stronger inflationary pressures. Federal Reserve’s potential rate cut in June sees a slight dip in probability, influencing Treasury yields. Technical indicators suggest a …

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Wibest – NZD/USD: One hundred New Zealand dollar bills.

NZD/USD Stalls: Impact of 0.8% US Sales Rise & Fed’s Move

Quick Look NZD/USD remains nearly unchanged, oscillating within a narrow band near two-week highs. US inflation data and Federal Reserve rate cut speculations influence market sentiment. Technical indicators suggest a bullish outlook for NZD/USD, with key resistance and support levels identified. Upcoming US retail sales data and Fed’s policy meeting to play critical roles in …

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