Author: FX

© Reuters. FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo MANILA (Reuters) – The Philippines’ central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signalled that borrowing costs will remain higher for longer. Bangko Sentral ng Pilipinas governor Eli Remolona said the central bank wants to be certain inflation will settle comfortably within its 2%-4% target range. He said last month’s data showed “it’s still too soon to declare victory” over…

Westpac contemplates “A short-term JPY opportunity amid long-term headwinds?”In summary from the note:A textbook case for a quick USD/JPY reversal seems to be developing. The pair has been spinning its wheels between 150-151 recently, even as the hawkish repricing in US rates has lost momentum. At 4.15-4.35%, long term US yields are more appropriately calibrated for a bumpier disinflation glidepath and 3% growth, than they were at the start of the year. Fed fund expectations are not as obviously skewed relative to the Fed’s dots either. The “no landing” narrative has legs, but it’s not clear conditions are ripe for…

Share: Reserve Bank of New Zealand (RBNZ) Chief Economist Conway is expressing his take on the impact of the US Federal Reserve (Fed) interest rate cuts on inflation and the New Zealand Dollar. Key quotes (via Bloomberg) “If the Fed, for example, did start to cut toward the end of this year and we didn’t” then “that would show up first and foremost in the exchange rate.” “The exchange rate would start to appreciate, which would bring down inflationary pressures. So then you have to think about what are the flow-on effects of that inflation, and would that mean…

My Photo Buddy Berkshire Hathaway’s (BRK.A) (NYSE:BRK.B) Pacificorp utility was ordered Tuesday by an Oregon jury to pay at least $29.2M to plaintiffs whose properties were damaged in 2020 wildfires they claimed were caused when the company failed to shut off its power lines during high winds. The award for actual damages and emotional distress to 10 fire victims follows ~$175M previously ordered for 26 victims. The latest award will exceed $42M once punitive damages and other post-trial additions are made, according to attorneys who represented the plaintiffs. Berkshire (BRK.A) (BRK.B) recently disclosed it booked $1.9B in probable losses from…

© Reuters. FILE PHOTO: UnitedHealth Group’s headquarters building is seen in Minnetonka, Minnesota, U.S. in this handout picture taken in 2019. UnitedHealth Group/Handout via REUTERS/File Photo By Michael Erman NEW YORK (Reuters) -The U.S. government said on Tuesday it will accelerate Medicare and Medicaid payments to some hospitals hurt by a hack at insurer UnitedHealth (NYSE:)’s technology unit Change Healthcare (NASDAQ:). The cyberattack on Change, disclosed on Feb.21, was perpetrated by hackers who identified themselves as the “Blackcat” ransomware group and has had a knock-on effect on players across the U.S. healthcare system. Disruptions triggered by the attack have impacted…

Bitcoin (BTC) Prices, Charts, and Analysis:Bitcoin prints a new ATH then slumps by $5kCrypto-relates stocks suffer reversals of differing degrees. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading The Next Bitcoin Halving Event – What Does it Mean?Bitcoin tagged a fresh all-time high mid-afternoon before turning sharply lower as sellers sent the market spiraling lower. The tagging of the ATH saw a wave of sellers appear with market commentary suggesting that selling by recent leveraged long positions accelerated the move lower. Currently, Bitcoin is within yesterday’s trading range, but a break and open below yesterday’s low at…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

Share: The EUR/JPY is trading around 162.76, recording a 0.31% loss in Tuesday’s trading session. The daily chart reveals that buyers are consolidating the last session’s gains. Hourly indicators hint at a possible shift in trend with sellers in charge, and indicators near oversold territory. In Tuesday’s session, the EUR/JPY pair is trading at 162.76, with 0.31% losses. With a larger influence by buyers compared to sellers, the broader perspective suggests a predominant bullish trend despite the day-to-day loss as the buyers seem to be taking a breather.  On the daily chart, the Relative Strength Index (RSI) for…

Heads up! The Bank of Canada will be one of the first central banks to drop new policy decisions this month! Have easing inflation pressures convinced members to turn less hawkish on monetary policy? Let’s review the important points you need to know if you’re planning on trading the event: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link

S&P 500, Nasdaq News and AnalysisS&P 500 gaps lower, lead by moves lower in Apple, Tesla and AMD. Nvidia holding firmMassive sales drop adds to negative sentiment after Apple fined $2 billionTesla sinks after the EV maker experienced poor Chinese sales and a factory fireThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow The Fundamentals of Trend Trading S&P 500 Gapped Lower, Lead by Apple, Tesla and AMDThe S&P 500 gapped lower today after Apple was hit with a fine yesterday…