Forex Rates – Tom Canac http://tomcanac.com/ Tue, 20 Apr 2021 12:54:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://tomcanac.com/wp-content/uploads/2021/03/cropped-tc-1-32x32.png Forex Rates – Tom Canac http://tomcanac.com/ 32 32 Procter & Gamble to Increase Prices in September to Combat Rising Raw Material Costs https://tomcanac.com/procter-gamble-to-increase-prices-in-september-to-combat-rising-raw-material-costs/ Tue, 20 Apr 2021 12:43:30 +0000 https://tomcanac.com/procter-gamble-to-increase-prices-in-september-to-combat-rising-raw-material-costs/

Pampers diapers, which are made by Procter & Gamble, are on display at an associated supermarket in New York City.

Ramin Talai | Bloomberg | Getty Images

Procter & Gamble announced on Tuesday that it will increase the prices of baby care, feminine care and adult incontinence products in September to meet rising commodity costs.

The consumer giant is joining a host of other companies, like rival Kimberly-Clark and beverage giant Coca-Cola, which are raising prices to protect profit margins. Companies are betting that consumers will be willing to pay more for the branded version instead of opting for a cheaper private label. However, this outcome depends on the economic recovery from the coronavirus pandemic and the number of consumers who will have money to spare.

P&G said its price increases would vary by brand, but would be in a mid-to-high-digit range.

COO Jon Moeller said on a press call that the company is also assessing raw material costs and currency effects on other categories, which could cause prices to increase at term. For example, Kimberly-Clark has raised the prices of its Scott toilet paper due to higher commodity prices, but P&G Charmin products have not yet been affected.

P&G shares fell less than 1% in pre-market trading after the company reported its fiscal third quarter results. The company topped Wall Street’s revenue and earnings estimates, with consumers buying more cleaning products and laundry detergent.

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UK unemployment rate falls below 5% in three months to February https://tomcanac.com/uk-unemployment-rate-falls-below-5-in-three-months-to-february/ Tue, 20 Apr 2021 11:25:45 +0000 https://tomcanac.com/uk-unemployment-rate-falls-below-5-in-three-months-to-february/

The unemployment rate across the UK fell to 4.9% in the three months to February, despite the country’s lockdown. This is the first quarterly drop in the unemployment rate since 2019, even before the coronavirus pandemic hit the UK and other parts of the world.

However, compared to pre-pandemic levels, there is still a shortage of around 800,000 employees on corporate payrolls, underscoring that labor market woes are far from over. According to data published by the ONS, the number of unemployed stood at 1.67 million between December 2020 and February 2021.

The total number of unemployed was 50,000 less than the figures for the previous three months, but it remained about 311,000 higher than the corresponding duration of the previous year. Between February and March, the number of workers on payrolls fell by 56,000, indicating that the total number of workers on payrolls was 813,000 lower since March 2020 – the start of the pandemic and lockdowns.

ONS Director of Economic Statistics Darren Morgan notes: “The latest figures suggest that the job market has been broadly stable in recent months after the major shock of last spring. There are, however, more than 800,000 fewer employees than before the outbreak of the pandemic, and with around five million people employed but still on leave, the labor market remains sluggish. However, with the prospect of businesses reopening, there was a marked increase in vacancies in March, especially in sectors such as hospitality.

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Rupee takes initial losses, limits drop below 74.88 against dollar amid rising COVID-19 cases https://tomcanac.com/rupee-takes-initial-losses-limits-drop-below-74-88-against-dollar-amid-rising-covid-19-cases/ Tue, 20 Apr 2021 11:16:53 +0000 https://tomcanac.com/rupee-takes-initial-losses-limits-drop-below-74-88-against-dollar-amid-rising-covid-19-cases/

The rupee closed in red as the second wave of COVID-19 weighed on investor sentiment.

Wiping out the initial gains, the rupee edged down one paise against the US dollar on Tuesday, April 20 to stand at 74.88 amid concerns over rising COVID-19 cases, which could have an impact on the economic recovery in the country. In the interbank forex market, the local unit opened at 74.65 against the dollar and touched an intraday high of 74.64. He witnessed a low of 74.98. At the start of a trading session, national unity appreciated 23 paise to 74.64 against the greenback. The rupee closed in red as the second wave of COVID-19 weighed on investor sentiment, traders said.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, slipped 0.04% to 91.03.

Slightly positive feelings as the government opens up vaccination for all citizens 18 and over. Stock markets are up, Asian currencies are up against the dollar and European currencies are up against the dollar as well. RBI appears to be protecting the 75.00 levels. All exporters must sell above the 75.00 levels while importers must wait to buy near 74.20 / 30 levels, ” said Anil Kumar Bhansali, Director of the Treasury, Finrex Treasury Advisors.

According to data from the Ministry of Health on Tuesday, the total COVID-19 cases in the country reached 1.53,21,089 with active cases exceeding the 20 lakh mark.

Compared to the daily record of US cases, India now has more than 2.70,000 daily infections, and the economic effect of the current wave is expected to be significant at least until the end of June 2021 So far, investors have withdrawn $ 615 million net from their portfolios, the trend indicating that portfolio outflows will continue over the next few sessions, ” said Kshitij Purohit, Product Manager, Currencies and Commodities at Capital Via Global Research Limited.

On the domestic stock market front, the benchmark BSE Sensex 30 stocks finished 243.62 points or 0.51 percent lower to 47,705.80 and wider NSE Nifty slipped from 63. 05 points or 0.44 percent at 14,296.40.

“The market had an extremely volatile session, the nifty / Sensex closed 63/243 points lower. After a sharp drop yesterday today, the Nifty / Sensex opened with more than 150/500 points but after strong open, it failed to maintain above. The 14500/48400 resistance mark and due to constant selling pressure at higher levels as well as lukewarm global indices, the index benchmark has corrected significantly, ” said Shrikant Chouhan, Executive Vice President, Technical Equity Research at Kotak Securities.

“The markets remain in a consolidation phase with high volatility in the range. Immediate support is seen at 14,200; volatility increases as the April deadline approaches. The medium term trend remains extremely positive with short term consolidation / correction. Energy, Pharmaceuticals and Real Estate stocks are trading in the buy zone as metals continue to remain unfavorable to new positions, ” said Sahaj Agrawal, Head of Derivatives Research at Kotak Securities.

Foreign institutional investors were net sellers in the capital market on April 19, according to the exchange data, as they sold shares worth Rs 1,633.70 crore. Brent futures contracts , the world benchmark for oil, rose 0.88% to $ 67.64 per barrel.

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Pakistan Exchange Rate Today – April 20, 2021 https://tomcanac.com/pakistan-exchange-rate-today-april-20-2021/ Tue, 20 Apr 2021 10:28:03 +0000 https://tomcanac.com/pakistan-exchange-rate-today-april-20-2021/

This is a list of exchange rate in Pakistan today for April 20, 2021, including USD to PKR, EUR to PKR, GBP to PKR, SAR to PKR, AED to PKR and more.

Exchange rate in Pakistan today – April 20, 2021.

The following table contains Pakistan exchange rate by April 20, 2021.

Please note that these rates including the latest USD to PKR, EUR to PKR, GBP to PKR, SAR to PKR, AED to PKR and more are free market rates and not interbank rates.

Exchange rate in Pakistan today [20 April 2021]

MOTTO SYMBOL PURCHASE SALE
Australian dollar AUD 117.5 119.5
Bahraini Dinar BHD 386.5 388.5
Canadian dollar GOUJAT 121.5 123.5
China Yuan CNY 23.5 23.65
Danish Crown DKK 23.2 23.5
euro EUR 183 185
Hong Kong dollar HKD 16.55 16.8
Indian rupee INR 2.03 2.1
Japanese yen JPY 1.41 1.44
Kuwaiti dinar KWD 481.5 484
Malaysian bell MYR 36.4 36.75
New Zealand dollar NZD 96.25 96.95
Norwegian krone NOK 17.45 17.7
Omani Riyal OMR 392.5 394.5
Qatari Riyal QAR 39.5 40.1
Saudi Riyal SAR 40.5 41.2
Singapore dollar SGD 113.5 115.5
Swedish Korona SEK 17.8 18.05
Swiss franc CHF 159 159.9
Thai Bhat THB 4.8 4.9
UAE Dirham AED 41.5 42.2
British pound sterling GBP 212.5 215.5
US Dollars USD 152.6 153.5

These are the free market Pakistan exchange rates for April 20, 2021 taken from the Forex market.

Exchange rates are updated daily, so be sure to come back to our website or subscribe to new post notifications.

Read more: USD to PKR: Dollar rate in Pakistan today [20 April 2021].

Follow INCPAK at Facebook / Twitter / Instagram for update.

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Acute Rehabilitation Market Research Report by Phase Type, Device Product, Disease Type, End User Type – Global Forecast to 2025 https://tomcanac.com/acute-rehabilitation-market-research-report-by-phase-type-device-product-disease-type-end-user-type-global-forecast-to-2025/ Tue, 20 Apr 2021 09:44:00 +0000 https://tomcanac.com/acute-rehabilitation-market-research-report-by-phase-type-device-product-disease-type-end-user-type-global-forecast-to-2025/

Acute Rehabilitation Market Research Report By Phase Type (Phase I – Acute Phase, Phase II – Subacute Phase, Phase III – Intensive Outpatient Therapy, and Phase IV – Independent Continuous Conditioning), By Device Product (Blood Pressure Monitor, Monitor heart rate, rowing machine, Sit & Stand Elliptical Trainer and Stabilizer Ball), by disease type, by end user type – Global forecast to 2025 – Cumulative impact of COVID-19

New York, April 20, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Acute Rehabilitation Market Research Report by Phase Type, by Devices Product, by Disease Type, by End-User Type – Global Forecast to 2025 – Cumulative impact of COVID-19 “- https://www.reportlinker.com/p06025414/?utm_source=GNW

Market Statistics:
The report provides market size and forecast for five major currencies – USD, EUR, GBP, JPY, and AUD. This helps organization leaders make better decisions when currency exchange data is readily available.

1. The global acute rehabilitation market is expected to grow from USD 43,471.74 million in 2020 to USD 64,100.77 million by the end of 2025.
2. The global acute rehabilitation market is expected to grow from € 38,116.85 million in 2020 to € 56,204.77 million by the end of 2025.
3. The global acute rehabilitation market is expected to grow from £ 33,885.96million in 2020 to £ 49,966.17million by the end of 2025.
4. The global acute rehabilitation market is expected to grow from JPY 4,639,537.08 million in 2020 to JPY 6,841,177.07 million by the end of 2025.
5. The global acute rehabilitation market is expected to grow from AUD 63,126.75 million in 2020 to AUD 93,082.85 million by the end of 2025.

Market segmentation and coverage:
This research report categorizes acute rehabilitation to forecast income and analyze trends in each of the following submarkets:

“Phase III – Intensive Outpatient Therapy is expected to experience the strongest growth during the forecast period”

Based on the type of phase, the acute rehabilitation market has studied phase I – acute phase, phase II – subacute phase, phase III – intensive outpatient therapy and phase IV – independent continuous conditioning. Phase IV – Independent Continuous Conditioning was the largest size of the acute rehabilitation market in 2020. On the other hand, Phase III – Intensive Outpatient Treatment is expected to grow at the fastest CAGR during the forecast period.

“Heart rate monitor expected to experience the strongest growth over the forecast period”

Based on the product of the devices, the acute rehabilitation market has studied blood pressure monitor, heart rate monitor, rowing machine, sit and stand elliptical trainer, stabilization ball, stationary bike and treadmill. Heart rate monitor occupied the largest size in the acute rehabilitation market in 2020, and it is expected to grow at the fastest CAGR during the forecast period.

“Pulmonary hypertension is expected to experience the strongest growth during the forecast period”

Based on disease type, acute rehabilitation market has studied abnormal heart rhythms, angina, atrial fibrillation, cholesterol management, coronary artery bypass surgery, coronary artery or peripheral artery disease, diabetes, l ‘heart failure or transplantation, high blood pressure and pulmonary hypertension. Diabetes occupied the largest size in the acute rehabilitation market in 2020. On the other hand, pulmonary hypertension is expected to grow at the fastest CAGR during the forecast period.

“Specialized centers are expected to experience the strongest growth during the forecast period”

On the basis of end user type, the acute rehabilitation market has been studied in home care, hospitals and clinics, rehabilitation centers and specialist centers. Rehabilitation centers occupied the largest size in the acute rehabilitation market in 2020. On the other hand, specialty centers are expected to grow at the fastest CAGR during the forecast period.

“The Americas are expected to experience the strongest growth during the forecast period”

Based on geography, the acute rehabilitation market studied in the Americas, Asia-Pacific, Europe, Middle East, and Africa. The region of the Americas studied in Argentina, Brazil, Canada, Mexico and the United States. The Asia-Pacific region studied in Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea and Thailand. The Europe, Middle East and Africa region studied in France, Germany, Italy, the Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, the United Arab Emirates and the United Arab Emirates United. Europe, Middle East and Africa occupied the largest size in the acute rehabilitation market in 2020. On the other hand, the Americas are expected to grow at the fastest CAGR during the forecast period.

Company usability profiles:
The report deeply explores the significant recent developments of leading vendors and innovation profiles in the global acute rehabilitation market including Acadia Healthcare Company, Inc., Amedisys, Inc., Athena Health Care Systems, Aurora Behavioral Health System, CareOne LLC, Covenant Care, Encompass Health Corporation, Five Star Senior Living, Genesis HealthCare, Haven Behavioral Healthcare Inc., Kindred Healthcare, LLC, LHC Group Inc., National Healthcare Corporation, Nexion Health, Inc., Promises Behavioral Health, LLC, Select Medical Holdings Corporation, Springstone, Inc., St. Ann’s Community, Tenet Healthcare Corporation, The Alden Network, The Ensign Group, Inc., Universal Health Services Inc., UPMC, and Vitas Healthcare.

Cumulative impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost all industries, hence for and, the long-term effects that are expected to impact the growth of the industry during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of the underlying issues of COVID-19 and potential avenues ahead. The report provides insights on COVID-19 considering changes in consumer behavior and demand, purchasing patterns, supply chain diversion, dynamics of current market forces, and significant government interventions. . The updated study provides information, analysis, estimates and forecasts, considering the impact of COVID-19 on the market.

FPNV positioning matrix:
The FPNV Positioning Matrix assesses and categorizes providers in the acute rehabilitation market on the basis of business strategy (company growth, industry coverage, financial viability, and channel support) and product satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that helps businesses make better decisions and understand the competitive landscape.

Competitive strategic window:
The Competitive Strategy Window analyzes the competitive landscape in terms of markets, applications and geographies. The competitive strategic window helps the supplier define an alignment or adapt between their capabilities and the opportunities for future growth prospects. Over a forecast period, it defines the optimal or favorable suitability for suppliers to adopt successive merger and acquisition strategies, geographic expansion, research and development, and new introduction strategies. products to run further expansion and growth of the company.

The report provides information on the following pointers:
1. Market penetration: provides comprehensive information on the market offered by the major players
2. Market Development: Provides detailed information on lucrative emerging markets and analyzes the markets
3. Market diversification: provides detailed information on new product launches, untapped geographies, recent developments and investments
4. Competitive assessment and intelligence: provides a comprehensive assessment of market shares, strategies, products and manufacturing capabilities of key players
5. Product development and innovation: provides intelligent information on future technologies, R&D activities and new product developments

The report answers questions such as:
1. What is the market size and forecast for the global acute rehabilitation market?
2. What are the inhibitory factors and impact of COVID-19 on the global acute rehabilitation market during the forecast period?
3. What are the products / segments / applications / areas to invest in during the forecast period in the global acute rehabilitation market?
4. What is the competitive strategic window for opportunities in the global acute rehabilitation market?
5. What are the technological trends and regulatory frameworks in the global acute rehabilitation market?
6. What are the strategic fads and movements considered appropriate to enter the global acute rehabilitation market?
Read the full report: https://www.reportlinker.com/p06025414/?utm_source=GNW

About Reportlinker
ReportLinker is an award winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001
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Gold bounces amid positive economic reports https://tomcanac.com/gold-bounces-amid-positive-economic-reports/ Tue, 20 Apr 2021 09:27:24 +0000 https://tomcanac.com/gold-bounces-amid-positive-economic-reports/

To finish! The price of gold has increased recently . As shown in the chart below, the yellow metal rebounded from the late March low of $ 1,684 to over $ 1,770 on Friday (March 16). This could be a promising start to the second quarter of 2021, which looks better than the first.

As you know, gold struggled early in the year, under heavy downward pressure created by improving risk appetite and rising bond yields. But the strength of these factors began to wane. You see, it looks like economic confidence has peaked, and it might be difficult for the markets to get even more euphoric.

Please see the chart below which shows the level of credit spreads – as you can see they have fallen to very low levels meaning they won’t be much lower than they are now . So it looks like the next big move will be higher credit spreads or lower economic confidence.

Second, Bond yield rally looks like it’s running out of fuel , at least for a while. Long-term real interest rates in the United States peaked at minus 0.56% on March 18 of this year. Since then they have been in a sideways or even downtrend, down to almost -0.70% last week, as you can see in the chart below.

As I explained several times earlier, the markets didn’t buy the Fed’s story of letting inflation rise dramatically without raising interest rates for weeks, if not months. However, it looks like Powell and his colleagues have finally succeeded in convincing investors that they are really serious about the new framework, which puts full employment over inflation.

Of course, there are also positive geopolitical factors contributing to the rebound in gold prices . Tensions between the United States and China, as well as between the United States and Russia, have increased recently. However, it appears that falling bond yields have allowed gold to catch its breath and the macroeconomic outlook – including credit spreads, interest rates, inflation, monetary policy, and fiscal policy. – will remain the main driver of gold prices throughout the year. .

Implications for gold

What does all this mean for the price of the yellow metal? Well, the recent rise in the price of gold is encouraging. What is important here is that this rebound occurred amid the flood of positive economic data . For example, initial jobless claims declined to 576,000, a lower than expected level and the lowest since the start of the pandemic, as shown in the graph below.

Additionally, retail sales jumped 9.8% in March, following a 2.7% drop in February, while the Fed’s Beige Book reported that “domestic economic activity has accelerated to a moderate pace from the end of February to the beginning of April ”. In addition, the Philadelphia Fed’s manufacturing index and the Empire State’s manufacturing index surprised us on the positive side.

The fact that gold held onto its gains and continued to rebound even after the release of several positive economic reports is bullish . Of course, it may just be that the reduction in real interest rates has simply outpaced other indicators, but it is also possible that the gold bears have grown tired.

Indeed, sentiment was so negative in the gold market that it couldn’t be much worse than it already was. Gold shone through the Great Lockdown and the Economic Crisis. But now, when the economy recovers, gold has become persona non grata . However, it could mean that we are either close to the bottom or that we have already reached the bottom. Only time will tell, of course, but the macroeconomic outlook looks rather favorable for the price of gold, especially if real interest rates stop rising or even start falling again.

If you enjoyed today’s Free Gold Report, we invite you to check out our premium services. We provide much more detailed fundamental analysis of the gold market in our monthly Gold Market Snapshot reports and we provide daily Gold and Silver Trading Alerts with clear buy and sell signals. In order to take full advantage of our gold analyzes, we invite you to subscribe today. If you are not yet ready to subscribe and you are not yet on our Gold mailing list, we invite you to subscribe. It’s free and if you don’t like it you can easily unsubscribe. Register today!

For an overview of all of today’s economic events, check out our economic calendar.

Arkadiusz Sieron, PhD
Sunshine Profits: An Effective Investment Through Diligence and Care

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Sinking dollar lifts other FX boats, Wall Street slips https://tomcanac.com/sinking-dollar-lifts-other-fx-boats-wall-street-slips/ Tue, 20 Apr 2021 08:33:00 +0000 https://tomcanac.com/sinking-dollar-lifts-other-fx-boats-wall-street-slips/

Daily Market Commentary – Falling Dollar Raises Other Currency Boats, Wall Street Slips

Marios Hadjikyriacos, XM Investment Research Office

The dollar suffers from technical breaches, revitalizing the pound sterling and the euro

· Stock markets retreat from record highs, profit taking to blame?

Income featured today as traders wait for major events of the week

April blues hit the dollar

A bad month for the US dollar just keeps getting worse. The reserve currency fell through some crucial support levels on several charts yesterday and negative technical momentum has dominated since. So far, one-way traffic has been downhill throughout the quarter.

The dollar troubles appear to rest on three pillars: bets set back for a Fed rate hike next year as FOMC officials insist they will not overreact to impressive economic data, the acceleration of European vaccinations and the general euphoric mood of the stock markets.

The Fed recently insisted it would keep a firm hand, forcing traders to reverse the aggressive pricing of rate hikes that catapulted the dollar and Treasury yields higher in the last quarter. Meanwhile, Europe has finally stepped up its vaccination program, allaying concerns about the return of lockdowns on the road and causing markets to recalibrate their expectations for economic growth.

As always, the question is how far this narrative is already integrated and if there is room for maneuver for the euro / dollar to have even more power. In a nutshell, with the technical wind blowing in the pair’s favor right now, this momentum is unlikely to last long in an environment where America recovers Europe. The Fed will soon be faced with scorching data and may be forced to “ talk ” about cutting QE in the next quarter already, which the ECB won’t do for a long time.

Sterling shines the brightest

Interestingly, the pound has benefited the most from the dollar’s pain. Cable has risen from the ashes to hit the psychological region of $ 1.40, even without any specific UK news behind the decision. For the future, it is a complex picture to navigate.

On the positive side, the UK economy has almost completely reopened and around 60% of the adult population has received at least one vaccine vaccine. However, the quality vaccinations is a problem. Most people have received the Oxford / Astra vaccine, which is less effective against the newer variants, implying that the British vaccination schedule is not as “bulletproof” as that of the United States. There is also a political risk around Northern Ireland and Scotland.

Stocks take a hit, profits in the spotlight

Elsewhere, Wall Street hit a speed bump yesterday. Major stock indices retreated from their all-time highs, with Tesla (-3.4%) dragging the ship down amid reports of a fatal car crash and crypto havoc. currencies.

Overall, market players appear to be pulling some tokens off the table as the earnings season unfolds. Optimism is very high and the earnings outlook has probably been priced perfectly at these levels, so anything that isn’t absolutely stellar results could be seen as a negative surprise. Therefore, it is only natural for some investors to “play defense” here and try to avoid a potential correction.

In that sense, all eyes will be on the series of earnings results that will be released today, including those from Netflix, Johnson & Johnson and Lockheed Martin.

Otherwise, the economic calendar is now practically empty. Traders will have to wait for the Bank of Canada’s rate decision tomorrow for some excitement, and for the European Central Bank meeting on Thursday. While not much is expected from the ECB, it will be interesting to see whether the central bank is comfortable with the continued rise in eurozone yields and the resurgence of the euro.

]]> Gold and silver are mixed leading to European Open https://tomcanac.com/gold-and-silver-are-mixed-leading-to-european-open/ Tue, 20 Apr 2021 06:58:00 +0000 https://tomcanac.com/gold-and-silver-are-mixed-leading-to-european-open/

Editor’s Note: With such market volatility, stay up to date with daily news! Take a minute to read our quick summary of today’s must-see news and expert advice. Register here!

(Kitco News) – Gold is trading slightly lower as the European open approaches and this comes after falling 0.32% in yesterday’s session. Silver trended slightly better with 0.30% more, but that also comes after a decline in Monday’s session.

After inheriting a negative Wall Street close, stock markets in the Asia-Pacific region are quite mixed. ASX (-0.68%) and Nikkei 225 (-1.97%) fell, but India’s Nifty (0.25%) and South Korean Kospi (0.68%) performed well while the Shanghai Composite has traded.

In the forex markets, the dollar index fell 0.11% and the biggest driver was the AUD / USD which rose 0.67%. Across the rest of the commodities complex, copper rose a further 1% and spot WTI also moved 0.86% in the same direction.

In terms of reporting, the evolution of jobless claims in the UK in March is 10.1k compared to 86.6k previously. The unemployment rate (February) also fell to 4.9% against analysts’ consensus of 5.1%. There was also German PPI data this morning and it continued to rise to reach 0.9% m / m for Match (exp 0.6% before 0.7%).

Following the Fed’s rhetoric, minutes from the April RBA monetary policy meeting noted that unemployment was too high. The RBA has also said it will do “reasonably” what it can to support the Australian economy.

The PBOC sets the prime rate on China’s one-year loans at 3.85% and 5-year at 4.65%. Both are unchanged and that was expected.

Faithful to China, Premier Li also warned other countries against interfering in the affairs of other nations.

British media reported that “Russia” is planning a full-scale warship assault on Ukraine’s water supply “”. The United States expresses deep concern over Russia’s plans to blockade parts of the Black Sea, the situation appears to be escalating fairly quickly.

The White House issues a statement saying the infrastructure talks have been successful. This follows some reports yesterday that the US administration was prepared to discuss how to separate parts of the bill.

In Australia, Rio Tino said its iron ore shipments had increased, but they also noted that production had declined slightly. Brazilian Vale reported iron ore production of 68.0 tonnes compared to expectations of 72 tonnes.

Looking ahead to the rest of the session, highlights include NZ CPI and GDT. We were also able to hear the German vice-president of Buba Buch and Cos of the ECB.

Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. This is not a solicitation to trade in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

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British Pound Strengthens Prospects Against Euro and Dollar https://tomcanac.com/british-pound-strengthens-prospects-against-euro-and-dollar/ Tue, 20 Apr 2021 06:13:00 +0000 https://tomcanac.com/british-pound-strengthens-prospects-against-euro-and-dollar/

British Pound to US Dollar Exchange Rate Outlook: Rallies Above $ 1.40

The exchange rate between the pound and the dollar (GBP / USD) welcomed the weakness of the US dollar on Monday.

Gathering close to 1%, Cable caught the bears off guard and currently sits within 20 pips of the significant 1.40 handle price.

As price action skyrocketed, news of the coronavirus was actually less than stellar. Some new variants, in particular the Indian variant which prompted Prime Minister Boris Johnson to cancel his trip there, worry some parliamentarians.

bannerCases have also increased slightly as restrictions have started to ease, but if you are a GBP trader all you care about is if you can step up to 1.40 and try to cement a base to do so. a massive level run of 1.50 at one point. in the coming months.

READ: Pound to Euro forecast for next week: Is 1.16 achievable for GBP / EUR exchange rate buyers?

Euro (EUR) exchange rates advance ahead of ECB

The euro-dollar exchange rate rose to 1.20 on Monday, but failed to match its British cousin in the size of its gains as the EUR / GBP slipped.

An ECB meeting this week is the major risk event, but there was not much to move the euro yesterday.

Instead, the environment is mostly focused on the fluctuations of the dollar which we will cover in the next paragraph.

Scotiabank Foreign Exchange Transactions released the following comments highlighting the importance of the ECB’s decision n PEPP today, stating:

“The main event this week for the EUR will be the ECB’s policy decision on Thursday, with markets preparing to hint that the bank will slow its pace of PEPP after a temporary hike to control rising yields – such a suggestion would likely prevent a fall of the EUR to the 1.17 / 1.18 marks in the medium term. A reduction in the weekly acquisition rate of PEPP should take place in June or July according to the latest Bloomberg survey. “

  • EUR / USD forecast: Euro and US dollar exchange rates rise due to risk mood
  • Outlook for the US dollar (USD)

    On a rare day of decline for Wall Street, US bond yields rose and the dollar fell.

    Whatever the reason for the USD weakening, it was clear that selling stocks did not translate into a safe haven boost.

    Given that it was a Monday, a day known to have thrown false flags, it’s possible that everything will be immediately erased today.

    Either way, the lower buys we saw in equities weren’t there and bond yields turned out to be sticky.

    DXY bulls will no doubt be alarmed by this sale, especially on the day treasury bills sell.

    If the euro can continue to climb higher, there is still a lot of juice to come out of the dollar given the current positioning.

    Other currencies

    Dollar weakness continued through the overnight session as the Aussie jumped nearly 0.4% as trade began in Asia.

    This rise was fueled by the release of RBA minutes that were accommodating as usual, but did nothing to scare forward-looking Aussie bulls.

    USD / JPY fell 0.1%, while USD / CNH fell 0.15% as the Chinese Yuan posted another strong session of gains.

    The day to come

    We finally have UK data today as average earnings and unemployment data is pending for the British Pound.

    German PPI and New Zealand CPI data will be the most important data for the remainder of the day.

    Australia’s retail sales data ends the day’s session.

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    Avast plc first quarter trading update https://tomcanac.com/avast-plc-first-quarter-trading-update/ Tue, 20 Apr 2021 06:05:00 +0000 https://tomcanac.com/avast-plc-first-quarter-trading-update/

    LONDON, April 20, 2021 / PRNewswire / – Avast plc, in conjunction with its subsidiaries (“ Avast ” or “ the Group ”), one of the world’s leading cybersecurity providers, Releases the following scheduled trading update for the first quarter of its current fiscal year, including the period from January 1, 2021 at March 31, 2021.

    Ondrej Vlcek, CEO of Avast, said:

    “Avast has started the year well with continued demand for corporate security, privacy and performance solutions. The business evolves as expected as we successfully execute on our stated goals of driving customer engagement and monetization. We can’t wait to do it. the rest of the year with confidence. ”

    Financial summary

    ($ m)

    Q1 2021

    Q1 2020

    Switch %

    Switch %
    (excluding FX) 1

    Returned

    237.1

    214.6

    10.5

    10.0

    Turnover excl. Acquisitions, disposals and discontinued operations 2

    236.4

    213.1

    10.9

    10.4

    For the first quarter, sales of $ 237.1 million is up 10.4% organically3and 10.5% at real rates.

    The Consumer Direct activity continued to register good growth, while the SME activity also maintained its positive momentum. In March, Avast renewed its contract to promote the Chrome web browser with the distribution of its consumer antivirus products and the CCleaner utility app, up to March 2022.

    For the first quarter, adjusted EBITDA increased by 10.3% to $ 133.7 million, resulting in an adjusted EBITDA margin4 by 56.4%. At March 31, 2021, net debt / LTM (“last twelve months”) EBITDA adjusted according to the banking agreement was 1.1x. In March, Avast successfully completed a 480 million USD and one 300 million euros Senior secured term loan to refinance previous facilities. This extended the maturity of the Group’s loans to March 2028 and further reduced interest charges.

    Orientation for fiscal year 2021

    Avast finalized the sale of the Family Safety mobile business on April 165. The divestiture, which will have a slightly dilutive effect on earnings, will benefit reported growth rates for the remainder of the year. As a result, for the whole of 2021, the Group now expects to deliver in the upper part of the forecasts of organic revenue growth of 6 to 8%, the Consumer Indirect segment having also been revised to a low percentage of single-digit growth.

    Due to continued R&D and marketing investments, weighted in the second half of the year, the Group’s adjusted EBITDA margin percentage forecast remains broadly stable compared to fiscal 2020.

    Dividend and AGM

    The Board recommended the payment of a final 2020 dividend of 11.2 US cents per share. The expected ex-dividend date is May 13, 2021, and the expected payment date is June 18, 2021.

    The company’s AGM is scheduled for May 6, 2021. Webcasting facilities will be provided to allow shareholders to follow the proceedings. Further details are provided in the separate RNS (“ Publication of the notice of the 2021 AGM ”) and on the company’s website at https://investors.avast.com.

    The company’s next scheduled market update will be the Semi-Annual Report for the six months to June 30, 2021 at August 11, 2021.

    INQUIRIES AND MEDIA CONTACT

    Investors and analysts:
    Peter Russell, Director of IR
    [email protected]

    Media:
    Stephanie Kane, Vice President of Public Relations and Corporate Communications
    [email protected]

    Tavistock:
    Lulu Bridges / Jos Simson / Heather armstrong
    Phone: 020 7920 3150

    Notes:
    1 Growth rate excluding currency impact calculated by retracing the actual 2021 exchange rates at 2020 exchange rates. Deferred income is converted into USD on the invoice date and is therefore excluded when calculating the impact of the exchange rate on income.
    2 Growth figures exclude discontinued operations. The company is exiting its toolbar-related search distribution business, which had previously been a significant contributor to AVG’s revenue. In addition, on January 30, 2020, the Group decided to end the operation of its subsidiary Jumpshot Inc. Together, including the Group’s browser cleaning activity, referred to above as “Discontinued activity”.
    3 The organic growth rate excludes the impact of foreign exchange transactions, acquisitions, business disposals and discontinued operations. It excludes billings for the current period and acquisition income up to the first anniversary of their consolidation.
    4 Adjusted EBITDA margin percentage is defined as Adjusted EBITDA divided by sales.
    5 Due to the closing of the sale on April 16, the Family Safety Mobile activity is included in the reported performance for the first quarter of 2021.

    SOURCE Avast

    Related links

    www.avast.com

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