Anzo Capital: Weekly Market Review

[Anzo Capital]

New Zealand Dollar Hits Near 1-Year Low

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The New Zealand dollar slid below $0.58, marking its lowest point in nearly a year. This decline was primarily driven by the strengthening US dollar and rising Treasury yields, supported by strong US economic data, which drove expectations of a more hawkish Federal Reserve monetary policy.

In addition to these factors, geopolitical risks in the Middle East and economic uncertainties in other major economies led traders to avoid riskier assets.

Furthermore, the Kiwi faced downward pressure due to a decrease in domestic inflation, which reduced the likelihood of another interest rate hike by the Reserve Bank of New Zealand. The country's headline inflation rate dropped to a two-year low of 5.6% in the September quarter, marking the third consecutive quarterly slowdown following a cumulative 525 basis points of rate hikes since October 2021.

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Not financial advice. Investment involves risk.
Source: TradingView

#NZDUSD #TradingView #NewZealandDollar #USDollar #ReserveBank #inflation #Kiwi #anzocapitalglobal #anzo #anzocapital #foreignexchange #fx #trends #finance #finances #investing #trading #traders #october

 

[Anzo Capital]

Navigating GBP/USD: Insights into Market Sentiment

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The financial world is abuzz as the U.S. dollar strengthens in anticipation of the pivotal Federal Reserve meeting. Last week, the Dollar Index gained a solid 1%, and it's currently trading at 106.445.

On one hand, the U.S. economy has displayed remarkable strength. Consumer spending in the U.S. surged in September, and the economy achieved its highest growth rate in nearly two years in the third quarter. However, traders are grappling with uncertainty about whether these positive indicators might signal an extended period of higher interest rates by the Federal Reserve.

Across the Atlantic, the Bank of England is preparing for its policy meeting. Despite looming recession concerns, the central bank is widely expected to maintain stable interest rates. In September, the UK's inflation rate soared to 6.7%, the highest among major economies.

So, here's the million-dollar question for GBP/USD traders: What's your outlook for the GBP/USD market in the weeks ahead? Feel free to share your thoughts, predictions, and market insights with us!

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Not financial advice. Investment involves risk.
Source: TradingView, Reuters

#TradingView #Reuters #GBPUSD #FederalReserve #inflationrate #anzo #anzocapital #foreignexchange #fx #trends #finance #finances #investing #trading #traders #october

 

[Anzo Capital]

Disney delays 'Deadpool' sequel, 'Blade' and other films in post-strike shuffle

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Walt Disney (DIS) has announced changes to its movie release schedule due to the recent four-month actors' strike. The next "Deadpool" instalment, originally set for a May release, will now hit theatres in late July, resulting in the rescheduling of "Captain America: Brave New World" to February 2025. Additionally, the release of "Thunderbolts" has been postponed to July 2025, and "Blade" to November 2025.

The 118-day actors' strike had halted production for scripted TV shows and films. Following a tentative labour agreement reached on Wednesday, studios and actors are now collaborating to complete their unfinished projects.

Beyond the Marvel franchise, Disney has decided to push the debut of "Mufasa: The Lion King" to December 2024, a delay of five months from the original schedule.

Are you a fan of Disney? Feel free to share your thoughts, predictions, and market insights with us!

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Not financial advice. Investment involves risk.
Source: TradingView, Reuters, Disney

#TradingView #Reuters #WaltDisney #Disney #strike $TVshows #films #anzo #anzocapital #foreignexchange #fx #trends #finance #finances #investing #trading #traders #November

 

[Anzo Capital]

Amazon and Roomba-Parent iRobot Scrap $1.4 Billion Merger Deal

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Amazon and iRobot have abandoned their $1.4 billion merger due to resistance from EU and U.S. antitrust regulators. iRobot, facing financial challenges, announced a comprehensive restructuring plan, including cutting 31% of its workforce (around 350 jobs), and its founder, Colin Angle, resigned as CEO. Angle cited the need for new leadership amidst challenges. Amazon’s proposed acquisition lacked a viable path to regulatory approval in the EU, with concerns raised by Margrethe Vestager, the EU antitrust chief, about potential anti-competitive actions.

Vestager highlighted actions Amazon could take, such as delisting rival products and increasing costs for iRobot’s competitors on its marketplace. The Federal Trade Commission (FTC) planned to recommend suing and blocking the acquisition, with a final meeting scheduled for Monday. Amazon, disappointed by the outcome, expressed confidence in the future of consumer robotics. iRobot, based in Bedford, Massachusetts, expects a 25% reduction in 2023 revenue to $891 million, with a loss between $265 million and $285 million. Amazon will pay iRobot a $94 million termination fee.

Amazon, with a mixed record with regulators, faces a prolonged court battle with the FTC over alleged illegal strategies. Following the news, iRobot shares fell 7.2%, while Amazon shares rose nearly 1%. Critics feared the merger would strengthen Amazon’s dominance in the smart home devices market.

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Not financial advice. Investment involves risk.
Source: TradingView, Reuters

#anzocapitalglobal #anzo #anzocapital #Amazon #iRobot #mergers #tradingview #reuters