Author: FX
© Reuters. Used blister packets that contained medicines, tablets and pills are seen, in this picture illustration taken June 30, 2018. REUTERS/Russell Boyce/Illustration (Reuters) -Swiss generic and biosimilar manufacturer Sandoz (SIX:) on Thursday said it had entered into a $265 million settlement agreement in a price-fixing case in the United States. The company said its U.S. subsidiaries had agreed to pay $265 million in a lawsuit with a class of direct drug purchasers, an agreement that does not contain any admission of wrongdoing by the Swiss company. The agreement, which is subject to court approval, would also release Sandoz of…
USD/JPY Analysis, Charts, and PricesJapanese Yen Prices, Charts, and AnalysisVerbal central bank intervention boosts the Japanese Yen.US PCE (13:30 UK) will be the next driver of US dollar price action.Download our Complimentary Q1 2024 Technical and Fundamental Japanese Yen Guide Recommended by Nick Cawley Get Your Free JPY Forecast Bank of Japan board member Hajime Takata said today that the central banks’ goal of 2% inflation is ‘finally in sight’, that it is ‘necessary to consider shifting gears from extremely powerful monetary easing’, and that the BoJ should ‘respond nimbly and flexibly toward an exit.’ This hawkish, verbal intervention sent…
Prior 101.5; revised to 102.5After a slight revision to the January figure, the index shows a slight decline in expected performance of the Swiss economy in six months’ time. This is very much third-rate data though, so there’s not much to really scrutinise. This article was written by Justin Low at www.forexlive.com. Source link
BOJ officials aren’t playing around and yen traders are taking notice! In case you missed it, hawkish sentiments from Japanese officials upped the odds of the Bank of Japan (BOJ) exiting its negative interest rate policies sooner than later. In an interview with reporters, Board Member Hajime Takata shared that: “We need to consider flexible and nimble steps including for an exit, for instance, the end of the yield curve control framework, negative interest rate and what to do with the overshooting commitment.” He also echoed BOJ Gov. Ueda and Deputy Gov. Uchida’s sentiments that monetary policies would remain accommodative…
Share: Germany’s Retail Sales fell 0.4% MoM in January, slowing from a 1.6% decline seen in December, the official data released by Destatis showed on Thursday. The market expectations were for a 0.5% increase. Retail Sales in the Eurozone’s biggest economy dropped 1.4% YoY in January versus a 1.7% annual fall reported in December, coming in above the forecast of -1.5%. Source link
CONMED declares $0.20 dividend Source link
Is the trend still our friend on WTI crude oil? The commodity price is retreating from its channel top and looks ready for a pullback. Better keep tabs on these correction levels on the hourly chart! WTI Crude Oil (USOIL) 1-hour Forex Chart by TradingView Volatility picked up for this commodity in the past trading sessions, as EIA crude oil inventories showed a larger build while rumors swirled that the OPEC is considering more production cuts. Stockpiles rose by 4.2 million barrels, outpacing the consensus of a 3.1 million barrel build but still lower than the API’s 8.4 million barrel…
© Reuters. Investing.com– Hong Kong shares of Chinese search engine giant Baidu Inc (NASDAQ:) fell on Thursday as an increase in its quarterly revenue was largely overshadowed by higher AI-related expenses and a sharp drop in its profit. Baidu’s Hong Kong shares (HK:) fell 6.6% to a two-week low of HK$99.60. The firm’s American Depository Receipts (ADR) slid 8% on Wednesday. Baidu’s Q4 revenue rose 6% to RMB 34.95 billion ($4.92 billion), with a bulk of earnings still coming from its core online advertising business. Its non-core revenue, however, did grow 9% to RMB 8.3 billion on its increased AI…
Many companies are offering higher-than-2023 wage hikesAchievement of 2% inflation target is becoming in sight despite uncertainty of economic outlookJapan’s economy is in inflection point of changing ‘norm’ that people think wages, prices are not risingExit measures should include abandoning yield curve control framework, ending negative rates, overshoot commitmentThe yen is strengthening on these comments, and rightfully so. The BOJ has highlighted spring wage negotiations as a key input on ending YCC and he’s offering an early verdict, along with some concrete steps. This article was written by Adam Button at www.forexlive.com. Source link
Share: The Reserve Bank of New Zealand Governor Adrian Orr said on Thursday that he was confident the current official cash rate was restricting demand but it has to stay at the current levels to curb inflation, per Reuters. Key quotes “We’re in a position where we are locked in saying inflation is going to be returning (to the 1%-3% target band) but that is subject to us retaining a restrictive stance with the official cash rate.””Domestically, the economy is behaving as anticipated with interest rates where they are and the terms of trade where they are so spending…