Author: FX
Share: The strength in the Dollar pushed USD/JPY back above 150.00. Economists at UBS analyze Yen’s (JPY) outlook. The current entry point to buy the Yen is attractive We think the BoJ’s policy normalization remains on track this year on strong wage hike negotiations and corporate profitability. We maintain the view that the Japanese Yen has likely reached a turning point after significant underperformance between 2021 and 2023. With the US-Japan 10-year yield differentials expected to narrow as the year progresses, we think the current entry point to buy the Yen is attractive. Source link
Nurix Therapeutics press release (NASDAQ:NRIX): Q4 GAAP EPS of -$0.77 misses by $0.38. Revenue of $15.2M (+124.2% Y/Y) misses by $21.34M. Cash, cash equivalents and marketable securities was $295.3 million as of November 30, 2023, compared to $268.7 million as of August 31, 2023. More on Nurix Therapeutics Source link
© Reuters. Pedestrians walk past an electronic board displaying various companies’ share prices, at a business district in Tokyo, Japan, October 31, 2023. REUTERS/Kim Kyung-Hoon/File Photo A look at the day ahead in European and global markets from Rae Wee Japan’s benchmark was partying like it was very nearly 1989 to trade within a whisker of a record high by the early Asian afternoon on Friday. The Nikkei charged to a 34-year peak at 38,865.06 points, with its all-time high of 38,957.44 points hit on Dec. 29, 1989 in range. Asia’s darling stock market is up 15% for the year…
This commodity is still stuck in consolidation, as it hovers close to the ascending triangle top. Can it go for a breakout soon? Here are the inflection points I’m watching on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart by TradingView A larger than expected build in inventories prevented WTI crude oil from busting above its triangle resistance earlier this week, as stockpiles rose by 12.2 million barrels versus the projected increase of 3.3 million barrels. However, the commodity seems ready to attempt another break higher, as it filled the bearish gap and is now setting its sights…
the CPI data earlier this week was the final nail in the coffin, if another was needed, of a March FOMC rate cut. Incoming clues for this lot later today I suspect:1300 GMT / 0800 US Eastern time: Federal Reserve Bank of Richmond President Thomas Barkin speaks before the Chamber RVA Annual Meeting Breakfast, in Richmond, Va1410 GMT / 0910 US Eastern time: Federal Reserve Vice Chair for Supervision Michael Barr speaks on “Bank Supervision” before the Columbia Law School Banking Conference1710 GMT / 1210 US Eastern time: Federal Reserve Bank of San Francisco President Mary Daly speaks before the…
Share: Australian Dollar depreciates as the US Dollar attempts to hold ground after recent losses. Australia employment data suggests that the RBA will avoid an interest rate hike in March. S&P/ASX 200 index improves following the overnight surge in Wall Street on market optimism. US Dollar holds ground over market sentiment suggesting that the Fed will postpone rate cuts in the upcoming meetings. The Australian Dollar (AUD) attempts to halt its gains registered in the last two sessions as the US Dollar (USD) gains ground on improved Treasury yields. However, the AUD/USD pair received upward support after mixed…
GOLD PRICE FORECASTGold prices advance following disappointing U.S. economic dataAll eyes will be on the U.S. PPI report on FridayThis article explores key tech levels to keep an eye on in XAU/USDMost Read: EUR/USD Gains After Weak US Retail Sales but US PPI Poses Threat to RecoveryGold prices (XAU/USD) rose and reclaimed the psychological $2,000 level on Thursday, propelled upward by a weaker U.S. dollar and depressed U.S. Treasury yields in the aftermath of lackluster U.S. macro data. By way of context, January U.S. retail sales disappointed estimates, contracting 0.8% instead of the expected 0.1% decline, a sign that household…
© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Microsoft-backed OpenAI is working on a software that can generate minute-long videos based on text prompts, the company said on Thursday. The software, called Sora, is currently available for red teaming, which helps identify flaws in the AI system, as well as for use by visual artists, designers and filmmakers to gain feedback on the model, the company said in a statement. “Sora is able to generate complex scenes with multiple characters, specific types of motion, and accurate details of…
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Share: Mexican Peso appreciates against US Dollar amid weak US Retail Sales affected by high interest rates. Bank of Mexico reports a modest 2.2% growth in Foreign Direct Investment for the year. US economic outlook positive, says White House Adviser, ahead of Fed Governor Waller’s speech. Mexican Peso (MXN) climbed against the US Dollar (USD) on Thursday following a softer retail sales report from the United States (US), an indication that higher interest rates impact consumer spending. Regarding the labor market, it remains solid after the US Bureau of Labor Statistics (BLS) announced that unemployment claims were below…