Author: FX
When will the Fed rate cutting cycle start?That’s the preoccupation of market participants and economists at the moment. We’re all waiting for the economic data to roll in and commentary from Fed officials but that hasn’t stopped the guessing game.Markets are fully priced for a June 12 rate cut but economists aren’t so sure.The latest poll of 104 economist from Reuters sees a Q2 cut coming but a slim majority now see the June 12 meeting as the base case, up from 45% previously. That’s largely because those looking for an earlier cut have now pushed back expectations.No economists now…
USD/JPY Analysis and ChartsUSD/JPY trades cautiously above the 150.00 mark.Risk aversion has offered the Dollar some broad support.Expect more focus on the possibility of intervention in the market as the recent highs approach.Download the Q1 Japanese Yen Report for Free Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen is higher against the United States Dollar on Tuesday but only barely. The week got off to a thinly traded start thanks to the Presidents’ Day holiday in the US and isn’t replete with the sort of first-tier data likely to offer huge trading cues.The Dollar seems to…
Share: Natural Gas up near 1% in European trading. Traders are sending Gas higher with help from a weaker US Dollar. The US Dollar Index is in the red with markets catching up after Monday’s US holiday. Natural Gas (XNG/USD) is jumping back above $1.64 and is trying another attempt to snap its losing streak. The countermove gets a bit of help from the US Dollar which is retreating a touch just hours before the US opening bell. Selling pressure meanwhile comes from European headlines where Natural Gas is facing even more headwinds. The US Dollar (USD) is retreating on…
EUR/USD, EUR/GBP Prices, Charts, and AnalysisEUR/USD trading on either side of 1.0800, helped by US dollar weakness.EUR/GBP bounces off support and is looking to print a fresh multi-month high. Recommended by Nick Cawley Get Your Free EUR Forecast Most Read Euro Weekly Forecast: EUR/USD, EUR/GBP, EUR/JPY – Analysis and ForecastsThe economic calendar has a few interesting releases this week, including the latestEuroArea and German PMI reports, the German Ifo, and final Euro Area inflation and German GDP numbers. In addition, several ECB board members will their latest views on the economy over the week, while the latest US FOMC minutes…
The company increased its FY24 organic revenue growth guidance from the prior 4.75% to the new range of 4.75% to 5% vs. estimated growth of 2.79% Y/Y.The company increased its FY24 diluted non-GAAP EPS guidance from the prior range of $5.13 to $5.19 to the new range of $5.19 to $5.21 vs. $5.16 consensus, a 4 cent increase at the midpoint that is reflective of the company’s third quarter outperformance. . he organic revenue growth guidance excludes the impact of foreign currency and revenue related to business separations reported as Other. Including Other revenue and the impact of foreign currency,…
© Reuters. On Tuesday, Loop Capital adjusted its stance on WW Grainger (NYSE:), downgrading the stock from Buy to Hold, albeit with an increased price target set at $1,000, up from the previous $925. The adjustment comes as the company’s shares have, according to the firm, largely completed their re-rating toward levels comparable to Fastenal Company (NASDAQ:), a peer in the industrial supply sector. The firm expressed caution regarding WW Grainger’s outlook for the calendar year 2024, noting that the guidance is heavily reliant on stronger performance in the latter half of the year. This back-half weighting is seen as…
Pound Sterling (GBP) AnalysisMonetary policy committee set to testify in parliamentCable (GBP/USD) appears vulnerable to bearish threatLooking for actionable trading ideas? Download our top trading opportunities guide packed with insightful tips for the first quarter: Recommended by Richard Snow Get Your Free Top Trading Opportunities Forecast Monetary Policy Committee Set to Testify in ParliamentThis morning members of the Monetary Policy Committee (MPC) are set to provide testimony to parliament’s treasury committee around their views of the economy and inflation that led to their decision to hold interest rates in January.There was certainly a diverse range of opinions upon the release…
Share: The ECB’s negotiated wage growth indicator is a key test for the Euro. Economists at ING think a decline in salary pressure can help a further unwinding of EUR longs. Good support at 1.0700 would not be a surprise We believe our economics team’s call for a 4.4%-4.5% year-on-year read is moderately lower than expectations. This wage indicator has been on a steady rise since mid-2022, and a decline, even if contained, should be welcomed by the ECB. It will be up to the 2024 first quarter GDP print (which includes detailed wage information) in April and…
Canada is getting ready to print its CPI report! How might the figures turn out and what could these mean for EUR/CAD’s range? Number crunchers are predicting a rebound in monthly headline CPI which might be enough to keep the BOC hawkish. 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
For the fiscal year 2024, Cboe emphasized a focus on growth and operational efficiency. The company projects 5% to 7% in organic total net revenue growth, aligning with its medium-term goals. Similarly, revenue from data and access solutions is anticipated to rise by 7% to 10%, also aligning with medium-term expectations. Operational spending is forecasted to be in the range of $798 million to $808 million, which notably excludes some specific expenses related to acquired assets. Additionally, Cboe expects depreciation and amortization expenses to fall between $43 million to $47 million, excluding certain costs. The company also foresees a positive…