Author: FX
Rushing the move is not smart nor beneficialUpside risks to inflation are “alive and kicking”Need more hard evidence on inflation outlookOnly in June will we reach the confidence threshold on thatBut discussions on easing should ready start, will use the weeks ahead for thatThis just reaffirms the current market expectations. If all goes according to plan, the ECB should communicate its intention to pivot in April. That will be followed up by the first rate cut in June. The odds of an April move are a measly ~13% with June fully priced in at the moment. This article was written…
Share: The Pound Sterling is stuck in a tight range ahead of the UK labor market, US CPI data. The UK wage growth data will provide fresh cues about the inflation outlook. The broader market sentiment remains upbeat as hopes for Fed rate cuts in June remain firm. The Pound Sterling (GBP) consolidates in a tight range around 1.2850 in Monday’s European session as investors stay on the sidelines in a data-packed week. The GBP/USD pair trades sideways ahead of the United Kingdom Employment and monthly Gross Domestic Product (GDP), which will be published on Tuesday and Wednesday,…
Rush Enterprises (NASDAQ:RUSHA) (NASDAQ:RUSHB) announces the resignation of Michael McRoberts as COO later this year and Scott Anderson as Senior Vice President of Finance, Insurance, and Leasing, effective March 30, 2024. Jason Wilder, who has been serving as Senior Vice President of Navistar Dealerships since May 2019, will become Chief Operating Officer upon McRoberts’ retirement later this year. Jorgan Peterson, who has been serving as Regional General Manager of the Utah and Idaho region of Navistar dealerships since 2013, will assume Wilder’s current role of Senior Vice President, Navistar Dealerships, later this year. Mark Kuhn, who has been serving as…
Market players are in for a relatively chill week as we get Uncle Sam’s consumer and producer price growth and the latest U.S. retail sales data. Over in the U.K., we’ll see the February labour market data and the economy’s monthly GDP. Which potential catalyst do you think may move the major currencies the most? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: Source link
© Reuters. Mstyslav Chernov, Michelle Mizner and Raney Aronson – Rath pose with the Oscar for Best Documentary Feature Film for “20 Days in Mariupol” in the Oscars photo room at the 96th Academy awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. R (Reuters) – Ukrainian director Mstyslav Chernov, who on Sunday won the first Academy Award for his country for the “20 Days in Mariupol” documentary about the Russian siege of the port city, said he would rather have no Oscar and no war waged against his country. Chernov, a video journalist for The Associated Press, shot…
Missed the breakout on AUD/USD? You see, the pair already busted through the neckline of its double bottom pattern last week, suggesting that an uptrend might be in the cards. There might be another chance to catch the reversal if you’re still bullish on this one! Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t yet done your fundie homework on the Aussie and U.S. dollar, then it’s time to check out the economic calendar and stay updated on daily fundamental news! AUD/USD 4-hour Forex Chart by TradingView Risk-taking seems to be lifting…
The economic calendar might be a bit of a bore today but don’t expect this week to be a quiet one. There are plenty of key risk events to watch out for in the coming days. Here is the list of data releases on the agenda:UK February labour market report (12/03)US February CPI data (12/03)UK January monthly GDP data (13/03)US February PPI data (14/03)US February retail sales (14/03)US weekly initial jobless claims (14/03)US March Empire State manufacturing index (15/03)US March University of Michigan consumer sentiment (15/03)The ones in bold are the key ones to pay attention to. And these are…
Share: GBP/USD consolidates amid a muted US Dollar on Monday. US Nonfarm Payrolls increased by 275K in February, against the expected 200K. Traders await employment data to gain fresh impetus on the United Kingdom’s labor market. GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning streak that commenced on March 1. However, the US Dollar (USD) has received upward strength and recovered from intraday losses on Friday following the release of upbeat US Nonfarm Payrolls data. In February, US Nonfarm Payrolls increased by 275K, surpassing January’s figure of…
Lukas Wunderlich/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) expects deliveries of Boeing (BA) 737 MAX 10 aircraft it has ordered could be pushed out to as late as 2027, Bloomberg reported Sunday, as the planemaker faces rigorous reviews from federal aviation regulators after a series of incidents. Delta (DAL) has orders for 100 MAX 10 planes worth ~$13.5B at list prices, with options to purchase 30 more, and had expected to begin receiving the planes next year. “We were already anticipating if it came in 2025, it would be late in the year. My guess is it will…
3/3 © Reuters. Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. REUTERS/Mike Blake 2/3 (Reuters) – Hollywood’s biggest stars gathered on Sunday to celebrate the year’s best accomplishments in film at the annual Academy Awards. Here are some takeaways from the 96th Oscars ceremony. PROTESTERS ON AND OFF THE CARPET As stars began arriving to walk the red carpet, hundreds of pro-Palestinian protesters angered by the Israel-Gaza conflict shouted and slowed traffic in the blocks surrounding the Dolby Theatre in Hollywood. “While you’re watching, bombs are…