Author: FX
USD/CAD turned lower from a Pivot Point level and is now set to retest a key support zone. Will the pair bounce from the level? Or will we see a downside breakout in the 4-hour time frame? USD/CAD 4-hour Forex Chart by TradingView I don’t know if you’ve noticed but USD/CAD has been rejected from the 1.3525 – 1.3550 area not once, but TWICE in the last few days. Interest rate speculations for the Fed and rising crude oil prices may have put a lid on CAD/JPY’s gains. But how low can CAD/JPY go before it attracts consistent buyers? Remember…
© Reuters. An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021. REUTERS/Kim Hong-Ji By Heekyong Yang and Joyce Lee SEOUL (Reuters) – South Korean battery firm LG Energy Solution (LGES) posted on Friday a rise of 43% in quarterly profit, helped by increased output from its U.S. joint-venture factory with General Motors (NYSE:). The supplier of Tesla (NASDAQ:), GM, Volkswagen (ETR:) and other automakers reported operating profit of 338 billion won ($252.40 million) for the October-December period, up from 237 billion a year…
The US has filed public notification that it’ll be selling over $130 mn in bitcoin seized as part of Silk Road money laundering and drug trafficking crimes.notice lists two lots of bitcoin that the government plans to sellfirst is roughly 2,800 BTC for around $129 mnsecond is much smaller, 58 BTC for about $3 mnThis is a drop in the bucket compared to the ETF related ‘sell the fact’. For example:JP Morgan predict easing selling pressure on Bitcoin as Grayscale profit taking stabilizes This article was written by Eamonn Sheridan at www.forexlive.com. Source link
@thebellsareringing I believe illegal immigration is more of a political talking point, as there are so many uninsured Americans in the US now. Illegals are just a scapegoat for our under funded medical and overpriced insurance.In reality though the ER’s are overloaded, their overhead costs (i.e. rent, salaries) are fixed (sure there are costs associated with a la cart laboratory testing, but this is minor, as most going to an ER can be resolved with stiches or antibotics). The real result of overloading the ER is the wait time, which though bad for customer service (10 patients vs 100 will…
Share: The Bank of Japan (BoJ) Board members shared their views on monetary policy outlook and Yield Curve Control (YCC), per the BoJ Minutes of the December meeting. Key quotes “Members agreed must patiently maintain an easy policy.”“Many members said must confirm a positive wage-inflation cycle in order to consider ending negative rates, YCC.”“A few members said a decision on whether positive wage-inflation cycle is in place must be made comprehensively, not at looking at particular data.”“A few members said don’t see the risk of BOJ being behind the curve, can wait for developments in this spring’s annual…
Travere inks licensing deal for sparsentan in Asia Source link
Most Read: Gold Price Forecast – Core PCE Data to Guide Markets Ahead of Fed DecisionThe U.S. Bureau of Economic Analysis will release on Friday core personal consumption expenditures data, the Fed’s favorite inflation gauge. The strength or weakness of the report relative to Wall Street’s consensus estimates is likely to shape the U.S. dollar’s near-term trajectory and possibly influence the FOMC’s guidance at its January meeting next week.In terms of estimates, core PCE is forecast to have risen 0.2% in December, bringing the annual rate down to 3.0% from 3.2% in November – a step in the right direction…
© Reuters. FILE PHOTO: The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin/File Photo (Reuters) – Unionized journalists at Forbes said they were staging a three-day walk-out from Thursday to protest alleged denial of rights and slow contract negotiations that have stretched for more than two years. The planned walk-out, which started at 9 a.m. ET and will continue through Jan. 29 till 11:59 p.m. ET, marks the first known work stoppage in the magazine’s 106-year history, the NewsGuild of…
CIBC writes about today’s GDP and the US consumer going forward. Personal consumption rose at a 2.8% annualized pace in the report, a deceleration from 3.1% in Q3 but still at a healthy clip, including an increase in services consumption to 2.4% from 2.2%.The slight deceleration in consumption growth was accounted for by an easing in the pace of goods spending. Although durable goods spending slowed, given how restrictive monetary policy is, it’s impressive that it’s still 6% above year-ago levels,” CIBC writes.”Despite slower labor income, total income growth gained momentum, supplemented by higher interest and dividend income, while real…
Share: Euro tumbles from familiar technical levels after ECB offers dovish tone. Europe sees thin economic data until GDP update next Tuesday. Broader markets to focus on Friday’s US PCE Price Index to wrap up the trading week. The Euro (EUR) fell on Thursday after the European Central Bank (ECB) struck a dovish tone during its latest monetary policy statement, which sent the Euro down against the majority of its major currency peers. Money markets added into bets of a 50 basis point rate cut from the ECB by June despite firm language from ECB President Christine Lagarde…