Author: FX

LindaJoHeilman/iStock via Getty Images With the first quarter coming to a close, and in a week shortened by a market holiday on Friday, several key companies are set to release their earnings reports next week. Leading the pack is Walgreens Boots Alliance (WBA), a global leader in retail pharmacy and healthcare. Additionally, investors will keep a close eye on earnings reports from Carnival (CCL), Ouster (OUST), McCormick & Co. (MKC), Paychex (PAYX), Cintas (CTAS), Westport Fuel Systems (WPRT), Hut 8 Corp. (HUT), Vuzix (VUZI), Altimmune (ALT), 22nd Century Group (XXII), Rumble (RUM) and Emeren Group (SOL). Below is a rundown…

UPCOMING EVENTS:Tuesday: US Durable Goods Orders, US Consumer Confidence.Wednesday: Australia Monthly CPI, Fed’s Waller.Thursday: BoJ Summary of Opinions, Australia Retail Sales, Canada GDP, US Final Q4 GDP, US Jobless Claims.Friday: US Good Friday Holiday, Japan Jobs data, Tokyo CPI, Japan Industrial Production and Retail Sales, US PCE, Fed Chair Powell.TuesdayThe US Consumer Confidence is expected to remain unchanged at 106.7 in March. The last report interrupted a three-month positive streak as the data surprised with a big miss to the downside across the board. The commentary highlighted that “while overall inflation remained the main preoccupation of consumers, they are now…

4/4 © Reuters. An explosion of a missile is seen in the sky over the city during a Russian missile strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine March 24, 2024. REUTERS/Gleb Garanich 2/4 By Pavel Polityuk and Gleb Garanich KYIV (Reuters) -Russia struck critical infrastructure in Ukraine’s western region of Lviv with missiles early on Sunday, Kyiv said, in a major airstrike that saw one Russian cruise missile briefly fly into Polish airspace according to Warsaw. Moscow launched 57 missiles and drones in the attack that also targeted the capital Kyiv, two days after the largest aerial bombardment…

4/4 © Reuters. Journalists watch a giant screen showing live-streaming footage of Chinese Premier Li Qiang delivering a speech at the opening ceremony of China Development Forum (CDF) 2024, in Beijing, China March 24, 2024. REUTERS/Jing Xu 2/4 By Colleen Howe and Jing Xu BEIJING (Reuters) – China needs to “reinvent itself” with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund’s Managing Director Kristalina Georgieva said on Sunday. “China faces a fork in the road — rely on the policies that have worked in the past, or reinvent…

Goldman Sachs forecasts for USD/JPY:3 months 155 (the prior forecast for 3 months out was 145)6 months 150 (prior 142)12 months 145 (prior 140)These are from a GS note sent to client on Friday. GS cite a “benign macro risk environment” for its bearish view on yen. GS analysts also say they don’t expect rate cuts from the Federal Reserve to lift the yen:”If anything, the anticipation of adjustment cuts has reduced the probability of the recession risks that tend to activate the yen’s safe-haven appeal.”Over the past many, many months Goldman Sachs have been a stand out amongst analysts…

Most Read: U.S. Dollar Outlook & Market Sentiment: USD/JPY, USD/CAD, USD/CHFThe U.S. dollar, as measured by the DXY index, strengthened this past week, closing at its best level since mid-February on Friday. Despite initial losses following the Fed’s dismissal of renewed inflation risks and indications that it was still on track for 75 basis points of easing this year, the greenback reversed higher in the next two days amid a global shift in interest rate expectations.US DOLLAR INDEX WEEKLY CHARTSource: TradingViewThe Bank of England’s dovish posture during its March meeting, coupled with the Swiss National Bank’s unexpected rate cut, fueled…

lyash01/iStock via Getty Images Sixteen states including Texas and Louisiana filed a lawsuit this week to challenge the Biden administration’s suspension of approving new licenses to export liquefied natural gas, arguing the federal government lacks proper authority to unilaterally deny the permits, even on a temporary basis. The lawsuit was filed in federal court in Louisiana by the group of Republican-led states that claim the U.S. Department of Energy’s pause will harm the U.S. economy and undermine efforts to supply allies in Europe with steady supplies of LNG. “The ban will drive billions of dollars in investment away from Texas,…

5/5 © Reuters. Election?posters show Slovak presidential candidates Peter Pellegrini and Ivan Korcok ahead of the presidential election, in Trencin, Slovakia, March 22, 2024. The posters read: “Let’s give Slovakia peace, pride and dignity” (Peter Pellegrini) and “To ser 2/5 By Radovan Stoklasa and Jason Hovet BRATISLAVA (Reuters) -A pro-EU former Slovak foreign minister scored a surprise victory in the first round of a presidential election on Saturday, setting up a run-off vote with a key ally of populist Prime Minister Robert Fico. Slovakia’s presidential election is a chance for Fico, whose views on Ukraine have angered critics for veering…

5/5 © Reuters. Police officers try to move a burning barricade during a protest against Israeli Prime Minister Benjamin Netanyahu’s government and call for the release of hostages kidnapped in the deadly October 7 attack on Israel by the Palestinian Islamist group Hamas 2/5 By Dan Williams and Nidal al-Mughrabi JERUSALEM/CAIRO (Reuters) – The United States has made a “bridging proposal” for the number of jailed Palestinians that should be released by Israel in exchange for every hostage freed by Hamas in any new Gaza truce, an Israeli official briefed on the Qatar-hosted talks said on Saturday. An Israeli delegation…

gopixa The U.S. housing market appears to be undergoing a positive transformation as new listings are on the upswing and home-price growth is returning to the prepandemic norm. During a volatile three-year span, home prices surged as ultra-low mortgage rates ignited a buying frenzy, only to retreat when borrowing costs spiked due to the Federal Reserve’s mission to contain inflation. Now, although mortgage rates remain elevated, their reduced volatility compared with the peak of the pandemic has played a key role in steadying home-price growth. In February, home prices advanced 0.6% M/M, in line with the 0.6% average monthly gain…