Author: FX
Share: Canadian Dollar trends broadly lower after brief rally. Canada added more jobs than expected in January. Canadian wage growth in January continues to ease. The Canadian Dollar (CAD) slipped back after testing higher on Friday. Markets readjusted exposure to the US Dollar (USD) after the US Bureau of Labor Statistics (BLS) introduced broad seasonal adjustment changes to how the Consumer Price Index (CPI) is calculated, causing slight changes to near-term inflation prints. Canadian wage figures eased further in January, and net job additions showed a higher number of job gains than markets forecast, while December’s jobs number…
Share: Following Monday’s Powell-driven sharp rebound in the US Dollar, the risk-linked galaxy managed to regain some balance as the sessions passed by, sparking a decent recovery in the likes of the single currency and the British Pound in an environment broadly dominated by speculations surrounding the potential timing of interest rate cuts by the Federal Reserve. On Monday, the only release in the US docket will be the January Monthly Budget Statement. Moving forward, the US Inflation Rate is due on February 13, while Retail Sales, Industrial Production, Business Inventories, the NAHB Housing Market Index and Net…
Share: The EUR/GBP currently trades at 0.8536, reflecting minor losses on Friday. The pair will tally a seven-week losing streak. Focus is set on next week’s British economic data including inflation and labor market reports. A more hawkish stance of the BoE in relation to the ECB gives the Pound traction. On Friday’s session, the EUR/GBP traded at 0.8536, posting mild losses amid contrasting monetary policy expectations from the European Central Bank (ECB) and the Bank of England (BoE) ahead of key economic figures of the British economy to be released next week. Meanwhile, the technical scenario remains…
Share: S&P 500 ended the week at a new all-time high above 5,000. Alibaba, PayPal and Disney were among noteworthy companies that reported earnings this week. Technology Sector is the best-performing S&P 500 major sector on Friday. The S&P 500 (SPX) index rose 0.57% to close the session at 5,026.61. The Dow Jones (DJIA) dropped 0.14% to end at 38,671.69, while the Nasdaq (IXIC) gained 1.25% to finish at 15,990.66. Stock market news The Technology Sector was the best-performing major S&P 500 sector mid-day, rising more than 1.5%. The Energy Sector is down nearly 1.6%. Applied Materials Inc (AMAT)…
monday.com (NASDAQ:MNDY) is scheduled to announce Q4 earnings results on Monday, February 12th, before market open. The consensus EPS Estimate is $0.32 (-27.3% Y/Y) and the consensus Revenue Estimate is $197.77M (+31.9% Y/Y). Over the last 2 years, MNDY has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 14 upward revisions and 0 downward. Revenue estimates have seen 13 upward revisions and 0 downward. Source link
© Reuters. SHANGHAI – Golden Sun Health Technology Group Limited (NASDAQ:GSUN), historically known for its educational services, has announced a strategic pivot into China’s wellness industry. The company has been actively developing its wellness brand and e-commerce platform since 2023, launching oral health products and marketing healthy agricultural products through various online channels. As part of its diversification, Golden Sun established Shanghai Jinheyu Biotechnology Co., Ltd. in August 2023, which created a line of oral health products under the Fuding White Tea brand. These products, including toothpaste, mouth spray, and mouthwash, incorporate Fuding white tea and traditional Chinese medicines aimed…
US CPI yyToday is certainly the most-anticipated benchmark revision of an economic data point I can remember. One reason for that is that Powell himself highlighted its importance to policymakers after a large upward revision to 2022 numbers at this time last year (more of what Powell said about it here).Reading through it will present some moving parts but the main thing the market will be focused on is how the y/y 2023 headline and core CPI numbers change. Higher readings will be seen as dollar positive and bond bearish. After that, I’ll be digging into the tenor of the…
Share: Pound Sterling oscillates in a tight range as investors seek fresh triggers. The UK Employment and inflation data will provide fresh guidance on interest rates. BoE Mann maintains the hawkish rhetoric while Breeden and Pill focus on how long interest rates should remain higher. The Pound Sterling (GBP) is back in its old range after a mild correction during Friday’s European session. The downside for the Pound Sterling seems cushioned as Bank of England (BoE) policymaker Catherine Mann delivers hawkish guidance on interest rates. On Thursday, Catherine Mann maintained a hawkish stance as risks to inflation shocks…
Euro Main Talking PointsGermany CPI rate confirmed at a more-than two-year lowHowever, it’s still above target and the economy is shakyEUR/USD is holding on above 1.07 Recommended by David Cottle Get Your Free EUR Forecast The Euro was weaker but not far from its opening levels in European trade Friday, in a session with little to offer in the way of scheduled trading cues.The big one on the EUR side of EUR/USD has already passed. Headline German inflation was confirmed at its weakest level for two and a half years. The Consumer Price Index rose by an annualized 2.9% in…
Warning: VQSSF is at high risk of performing badly Source link