Author: FX
© Reuters Investing.com — Shares in Airbnb fell in premarket U.S. trading on Wednesday after the travel accommodation app flagged that it would see a slowing in booking rates in its current quarter. In a letter to shareholders, the company said that a tough year-on-year comparison would impact the growth rate of nights booked in its first quarter compared to its prior three-month period. The average day rate, or ADR, which measures how much hosts charge guests per day, is also expected to be flat. Revenue growth is subsequently seen decelerating to between 12% to 14%, down from a 17% increase…
Are U.S. consumers feeling more optimistic or pessimistic about the economy these days? Here’s what you need to know about the UoM consumer sentiment release and what it might mean for USD pairs. Make sure you keep tabs on this report since it’s considered a leading indicator of spending activity. 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
Gold (XAU/USD) AnalysisHot January CPI Lifts the Dollar and US Yields but PCE Inflation is KeyAfter US CPI beat expectations yesterday, both the US dollar and Treasury yields rose. The lift was the latest move within a general trend higher for both asset classes as market participants ease expectations around rate cuts materializing in March and May – now seeing June as the most realistic date for a first cut.US data has consistently beaten expectations for a number of economic indicators, advancing the concern that cutting rates too soon may spur on inflation again. Recent NFP data provided an upside…
With the US presidential election drawing closer, the question of which outcome would be better for the global economy is gaining urgency. Both sides have their sound strategies, but let’s focus on the impact on the dollar by taking a closer look at the dollar index chart.Analysts suggest that a Trump victory would be a more bullish scenario for the dollar, while a Biden re-election is seen as more neutral. Overall, the dollar is expected to continue strengthening against major currencies ahead of the US presidential election and depreciate afterward.Why is the former president beneficial to the dollar?Donald Trump reportedly…
Share: European Central Bank (ECB) policymaker Pablo Hernandez de Cos said on Wednesday that challenges for the European economy are significant and added that they are waiting for more information before deciding the monetary policy path. Meanwhile, ECB Governing Council member Boris Vujcic said that they seem to be “getting inflation fight right.” Market reaction These comments failed to influence the Euro’s performance against its major rivals. At the time of press, the EUR/USD pair was trading modestly lower on the day at around 1.0700. Source link
GBP/USD Analysis and ChartsUK inflation unchanged in January. Price pressures are expected to ease in the coming months.GBP/USD struggling to recover after being hit lower yesterday by a strong US dollar.Most Read: UK Jobs and Earnings Data Give the Pound a Boost – GBP/USD, GBP/JPYUK inflation remained steady in January, according to the latest data from the Office for National Statistics (ONS), but came in marginally below market expectations. According to the ONS,‘ The largest upward contribution to the monthly change in both CPIH and CPI annual rates came from housing and household services(principally higher gas and electricity Charges),while the…
U.K.’s inflation came in softer in January! Will this lead to GBP/NZD revisiting its February lows in the next trading sessions? Source link
Toromont Industries raises dividend by 12% to C$0.48 Source link
© Reuters. Australia stocks lower at close of trade; S&P/ASX 200 down 0.74% Investing.com – Australia stocks were lower after the close on Wednesday, as losses in the , and sectors led shares lower. At the close in Sydney, the fell 0.74%. The best performers of the session on the were AMP Ltd (ASX:), which rose 11.34% or 0.11 points to trade at 1.08 at the close. Meanwhile, Downer Edi Ltd (ASX:) added 11.14% or 0.48 points to end at 4.79 and Idp Education Ltd (ASX:) was up 8.75% or 1.77 points to 22.01 in late trade. The worst performers…
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