Author: FX
more to come —The preliminary reading for GDP in Japan showed the country had dropped into another recession:Japan ‘s surprise GDP contraction in Q4 has plunged the country back into recession This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Feds urge UnitedHealth to work with providers on payments following cyberattack Source link
2/2 © Reuters. Ukrainian servicemen from air defence unit of the 93rd Mechanized Brigade fire an anti aircraft cannon at a frontline, amid Russia’s attack on Ukraine, near the town of Bakhmut, Ukraine March 6, 2024. Radio Free Europe/Radio Liberty/Serhii Nuzhnenko via R 2/2 (Reuters) – Ukraine’s foreign minister, responding to Pope Francis’s call to show “the courage of the white flag” and negotiate an end to the war with Russia, said on Sunday that Kyiv would never capitulate and told the Vatican to pay special heed to its role in World War Two. Francis made the comments in an…
Market Wrap and Week Ahead – w/c March 11thRecent commentary from ECB President Christine Lagarde and Federal Reserve Chairman Jerome Powell suggest that both central banks are looking to start a series of interest rate cuts in June.In his testimony to the Senate Banking Committee on Thursday, Fed Chair Jerome Powell indicated that interest rates could soon be on the way down. ‘If the economy does as expected, we think carefully removing the restrictive stance of policy will begin over the course of the year’, Powell said Thursday.Friday’s latest US Jobs Report also showed the closely watched unemployment rate rise…
As usual with the first week of every month, the FX calendar was packed with top tier events, including the monthly U.S. jobs updates, and the markets reacted accordingly. Our strategists focused largely on very short-term setups, with a mixed outcome that likely required more active management in real time. Check out our reviews to see what happened and how we did! If you’d like to follow our “Play of the Day” picks right when they are published throughout the week, you can subscribe to BabyPips Premium. USD/JPY 1-hour Forex Chart by TradingView On Tuesday, the big event of the session…
CUHRIG/E+ via Getty Images Vale SA (NYSE:VALE) Chief Executive Officer Eduardo Bartolomeo will keep his job through the rest of the year as the mining company continues a search for a successor. Bartolomeo will also support the CEO transition process starting next year and will remain as a company adviser until December of 2025, the Brazilian company confirmed in a statement to Bloomberg late Friday. Bartolomeo’s current term was set to expire in May. The decision by Vale’s board to keep Bartolmeo as CEO was not unanimous as two directors opposed to the action, according to a Bloomberg report, which…
4/4 © Reuters. Far right political party Chega leader Andre Ventura gestures as he queues at a polling station during the general election in Lisbon, Portugal, March 10, 2024. REUTERS/Violeta Santos Moura 2/4 By David Latona and Catarina Demony LISBON/ESPINHO (Reuters) – Portuguese voters headed to the polls on Sunday, facing a choice between switching to a centre-right government or keeping the centre-left in power, although neither appears to have a clear path to a full majority. The far-right Chega party has been growing in clout and could play a role in post-election talks. The issues dominating the campaign in…
UPCOMING EVENTS:Tuesday: Japan PPI, UK Labour Market report, US NFIB Small Business Optimism Index, US CPI.Wednesday: UK GDP, UK Industrial Production, Eurozone Industrial Production.Thursday: US PPI, US Retail Sales, US Jobless Claims, New Zealand Manufacturing PMI.Friday: US Industrial Production, US University of Michigan Consumer Sentiment Survey, PBoC MLF.TuesdayThe UK Unemployment Rate is expected to remain unchanged at 3.8% vs. 3.8% prior. The Average Earnings Ex-Bonus is expected to tick lower to 5.7% vs. 5.8% prior, while the Average Earnings including Bonus is seen at 6.2% vs. 6.2% prior. Weak figures, especially on the wage growth part, should bring expectations for…
2/2 © Reuters. FILE PHOTO: U.S. President Joe Biden walks at Joint Base Andrews before departure for a campaign event in Philadelphia, in Maryland, U.S., March 8, 2024. REUTERS/Evelyn Hockstein/File Photo 2/2 By James Oliphant and Nandita Bose ROME, Georgia (Reuters) -A defiant and bitter Donald Trump returned on Saturday to the state where he faces criminal charges for undermining the 2020 U.S. presidential election, looking to win the battleground of Georgia as a stepping-stone to taking back the presidency. Trump was stumping in Georgia on the same day as President Joe Biden, who campaigned in nearby Atlanta, signifying the…
US DOLLAR OUTLOOK – EUR/USD, GBP/USD, USD/JPYThe U.S. dollar retreated sharply this past week, pressured by falling U.S. Treasury yieldsHowever, the tide may turn in the greenback’s favor if upcoming U.S. CPI data tops estimatesFebruary’s U.S. inflation numbers will be released on Tuesday morningMost Read: USD/JPY Sinks on Bets BoJ Will End Negative Rates Soon, US Inflation in FocusThe U.S. dollar fell sharply last week, pressured by falling U.S. Treasury yields on growing expectations that the Federal Reserve may soon begin to reduce borrowing costs for the US economy. By the end of the week after all the twists and…