Forex Market News .. collected from serval sources, all in one place for you to review.
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ECB sources from Reuters:
The market is 94% priced for a Sept 10 rate hike and fully priced for another hike by April.
This article was written by Adam Button at investinglive.com.Zoom earnings preview: Could its Anthropic investment give ZM stock an extra boost?
Zoom will report its second-quarter fiscal 2027 earnings after the US market closes on August 25. Investors expect approximately $1.48 in adjusted earnings per share and $1.27 billion in revenue.
Those numbers matter, but this Zoom report has an unusual second angle. Zoom invested early in Anthropic, the company behind the Claude AI assistant. Since Anthropic’s valuation has risen sharply, Zoom’s investment may now be worth considerably more than the value previously shown on its balance sheet.
Key takeaways
Zoom is expected to report approximately $1.48 in adjusted EPS and $1.27 billion in revenue.
Investors should watch revenue guidance, enterprise growth and…
Crude oil futures are settling at $82.36, down $2.65, or 3.12%, on the day.
Fundamentally, the decline reflects an easing of the geopolitical risk premium as traders see the latest U.S. sanctions against Iran as less threatening to global supplies than direct military action. Reports of diplomatic progress and the possible return of U.S. diplomats to the region have also reduced fears of a broader conflict or prolonged disruption through the Strait of Hormuz. However, the market remains vulnerable to a renewed price spike if diplomacy fails or regional supply flows are disrupted.
Technically, the decline has weakened the short-term picture and shifted the bias more firmly in the sellers’ favor.
The warning signs emerged late last week when…
One of the most-radicalizing events of the past year in AI has been the co-ordinated change in messaging from AI leaders.
Early on, I suspect they were trying to be honest about the impacts of AI, talking about massive disruption in the labor force and economy. What happened -- and these genuises should have realized it was inevitable -- is that people didn't like the idea of massive disruption and losing their jobs.
Lately, that's manifest itself into a broad anti-data center populace. They're suddenly revield on both sides in the US, with 71% of Americans saying they're against them. That's led to a shocking policy turn in Texas and Ohio where incumbent Republican leaders switched their stance to block the projects.
Over the past year, AI…
The first coupon auction is complete with the U.S. Treasury selling $69 billion of 2 year notes. The auction results show
Auction Grade B+
The Tail was modestly better than the average. The bid to cover was right near the average. The domestic bidders did not show up with below average demand, but the international buyers made up for the shortfall with much stronger than average demand. That left the dealers with a lower takedown.
The treasury will auction off 5 year notes and 7…
The USDCHF moved sharply lower last week, falling from a high near 0.8130 to a low near 0.7950. The decline took the pair below its 100-hour moving average, the 50% retracement of the move up from the May low, and ultimately its 100-day moving average at 0.79757.
However, sellers were unable to sustain the downside momentum. The low stalled near the 61.8% retracement at 0.79519, and the price subsequently rebounded above the 100-day moving average. The pair ended the week near a key swing area between 0.8009 and 0.80178.
The recovery continued earlier today, with the USDCHF reaching a session high of 0.8042. However, the price rotated back to the downside during the European and early U.S. sessions and is currently trading near 0.8024 after…
European shares closing mixed for the 2nd consecutive day, with Germany’s DAX and Italy’s FTSE MIB leading the gains. France’s CAC and Spain’s Ibex were lower.
The broader European market tone was supported by falling oil prices, lower bond yields and a rebound in technology shares ahead of Nvidia’s earnings release after the close on Wednesday. The market also viewed the latest U.S. sanctions against Iran as less severe than feared, helping to ease immediate concerns about further disruptions to global energy supplies.
European 10-year benchmark yields moved sharply…
The oil market has been sold heavily for two days on speculation there is more progress on a deal than announced. A strong sign comes today with Iran and Oman agreeing on a shipping lane in the past few minutes and a joint project to clear mines. The US seemed to front-run the announcement with Trump saying that mines are already clear.
The joint statement says (translated):
His Excellency Sayyid Badr bin Hamad bin Hamood Al Busaidi, Minister of Foreign Affairs, paid a working visit to the Islamic Republic of Iran, during which he held constructive consultations with his Iranian counterpart, His Excellency Dr. Seyed Abbas Araghchi.The consultations focused on the importance both countries attach to the resumption of safe navigation through…The number is $19.94 billion so it essentially meets the dollar-for-dollar number that Carney promised. The C$7.5 billion package incudes support for small and medium-sized businesses, a stream of funding cash and support for workers. US tariffs took effect on Saturday. The 50% tariffs are on steel, aluminum, furniture and clothing. The 25% tariffs apply to cheese, appliances and some seafood while the 15% tariffs will be on electronics and tools.
This article was written by Adam Button at investinglive.com.This isn't a good read but this indicator is rarely a market mover.
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board. “The Expectations Index slipped further into negative territory, which was offset by a moderate rise in the Present Situation Index after declining in the past three months. Consumer appraisals of current business conditions were mildly positive. Perceptions of the current labor market improved, reversing three months of moderate decline. Looking ahead, consumers were more pessimistic about business…
In the video above, I take a closer look at the technical picture for Nvidia ahead of its earnings release after the closing bell tomorrow. Nvidia shares are trading higher today after buyers leaned against the key 100-day moving average yesterday and pushed the price back to the upside.
That rebound was an encouraging sign for buyers, but the short-term technical picture remains more neutral. The price is currently trading between its 100- and 200-hour moving averages. Those two moving averages will help define the next directional move as traders position themselves ahead of the earnings announcement.
The broader market is showing a similar technical setup. The S&P 500, Nasdaq Composite and Nasdaq 100 are all trading higher today, but…