Author: FX
US Dollar and Gold Analysis and PricesThe US economy remained robust in Q4 2023.The US dollar drifted lower post-release, gold nudged higher. Recommended by Nick Cawley Get Your Free USD Forecast The US economy expanded by a robust 3.2% in Q4, the second estimate showed today, missing market forecasts of 3.3%. While the current Q$ estimate is lower than the strong 4.9% seen in Q3, the US economy remains in a very solid position and underpins the Fed’s current position of keeping rates at their current levels for longer in order to bring inflation sustainably back to target.According to the…
Ever heard of the term “writer’s block”? It’s a condition that’s associated with the writing profession and occurs when an author loses the ability to produce new work. Writer’s block can vary in intensity. At times, it can be minor and last for a few minutes or hours. But there are also some extreme cases where the writer is unable to produce new content for YEARS. Anyone can suffer from writer’s block, and it can even happen to the best of writers. J.K. Rowling, for instance, claims she suffered from this condition once during the writing of Harry Potter and the…
Japanese Yen (USD/PY) Prices and AnalysisDownload our Technical and Fundamental Japanese Yen Guides Recommended by David Cottle Get Your Free JPY Forecast USD/JPY is holding below last year’s significant highsMarkets have a lot to think about, from whether Tokyo will intervene to the possibility of a BoJ policy shiftSteady USD/JPY gains have been replaced by range tradeThe Japanese Yen was slightly weaker against the United States Dollar on Wednesday in a market that appears to be getting warier of possible intervention by the authorities in Tokyo to shore it up.USD/JPY is range-trading nervously just below the peaks of late last…
Pleased with recent shift in expectationsHeadline disinflation is going quicker than expected but core prices still remain uncertainPrefers June rate cut, then “smooth and steady cycle of policy easing”The odds of an April rate cut are now just at ~37%, with a June rate cut fully priced in. Meanwhile, the total rate cuts priced in for the year is 91 bps. That is quite a drastic shift compared to where we were just two months ago as seen here. This article was written by Justin Low at www.forexlive.com. Source link
Share: Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank, analyzes the last Bank of England’s (BoE) move and its implications for the Pound Sterling (GBP). Money should always and everywhere be scarce The BoE is planning to get rid of the securities that it, like the other major central banks, accumulated after the Great Financial Crisis of 2008. I am neither a money market expert nor a banking sector expert. Therefore, I cannot promise you that this plan will succeed. However, my idea of monetary theory tells me that money should always and everywhere be scarce…
AUD Inflation, RBNZ News and Analysis Recommended by Richard Snow How to Trade AUD/USD Australian Inflation Holds Firm, RBNZ Signals Possible Peak in RatesWednesday morning provided a fair amount of data for the antipodeans with Australia’s monthly inflation indicator holding steady at 3.4% while the Reserve Bank of New Zealand (RBNZ) issued a dovish hold on the official cash rate.The Australian monthly CPI indicator revealed no change to the 3.4% level reached over December, despite expectations of a slight lift. Thus, the Aussie dollar softened in the early hours of Wednesday morning but declines in the Aussie dollar were overshadowed…
Perella Weinberg Partners (NASDAQ:PWP) priced upsized public offering of 5M shares at a public offering price of $12.00 per share. Underwriters have a 30-day option to purchase up to an additional 750K shares. The offering is expected to close on March 1, 2024. The company intends to contribute the net proceeds from the offering to PWP Holdings in exchange for 5M PWP OpCo Class A partnership units. PWP OpCo intends to use the net proceeds received from the company, together, to the extent necessary, with any cash on hand, for the conversion of certain Partnership Class A-3 common units. These…
2/2 © Reuters. FILE PHOTO: An Aston Martin Valkyrie sports car is seen at the Auto Zurich Car Show 2022 in Zurich, Switzerland November 10, 2022. REUTERS/Arnd Wiegmann/File Photo 2/2 (Reuters) – British luxury carmaker Aston Martin said on Wednesday it was on track to hit its 40% gross profit margin target this year, after annual losses narrowed more than market expectations on higher prices. The company reported an adjusted pretax loss of 171.8 million pounds ($217.36 million) for the year ended Dec. 31, compared with 451 million pounds a year earlier. Analysts, on average, were expecting an adjusted pre-tax…
The New Zealand dollar dropped like a rock after the RBNZ’s decision! Are we looking at an opportunity to buy NZD at cheaper prices? NZD/CHF’s potential support zone is a good place to start if you’re planning on buying the comdoll! 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
The less-hawkish RBNZ spurred a massive Kiwi selloff earlier today! But could this be a chance to hop in the NZD/JPY rally at better levels? Here are the potential support zones I’m watching on the 4-hour time frame. NZD/JPY 4-hour Forex Chart by TradingView In today’s Asian session, the Reserve Bank of New Zealand decided to keep rates unchanged at 5.50% as widely expected. Although the central bank didn’t really open the door for rate cuts, what drew Kiwi bears out was the downgraded rate forecasts for later this year and for next year. This ultimately crushed expectations of any…