Author: FX
Share: EUR/USD knocks back after a firm rally as safe-haven bids step up. US PMI beats take center stage as rate cut hopes wither further. A beat for the EU Manufacturing PMI helped kick off a EUR/USD climb. The EUR/USD drove back into the high side near 1.0930 on Wednesday after markets shrugged off a miss for pan-European Purchasing Managers Index (PMI) figures before a follow-up beat in US PMIs sent risk appetite skidding back into the safe havens. The pair gained over a full percent bottom-to-top climbing from the previous day’s low of 1.0821 before getting pushed…
Uncle Sam is about to print the Fed’s preferred inflation metrics! Will the numbers feed into the market’s preferred aggressive interest rate cut outlook scenario, or will they attract more USD buyers to extend the Greenback’s monthly gains? 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
Bank of Idaho Holding Company GAAP EPS of $0.47, revenue of $13.43M Source link
© Reuters. British billionaire and Tottenham Hotspur owner Joe Lewis leaves the United States Courthouse in Manhattan, following his appearance on insider trading charges, in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky By Jody Godoy NEW YORK (Reuters) -British billionaire Joe Lewis pleaded guilty to U.S. insider trading charges on Wednesday after being accused last year of a scheme that prosecutors said was designed to enrich friends and associates, and apologized to a judge for his conduct. Lewis, 86, pleaded guilty to one count of conspiracy to commit securities fraud and two counts of securities fraud under an…
Japanese Yen (USD/JPY) AnalysisYen picks up late bid as markets digest Ueda’s commentsRising Japanese Government bonds spur on the yen one day after BoJ meetingUSD/JPY turns away from the 150 mark as 146.50 emerges as immediate supportFor expert insight into considerations for the Japanese Yen in Q1, download the forecast below: Recommended by Richard Snow Get Your Free JPY Forecast Yen Picks up a Late Bid as Markets Digest Ueda’s CommentsThe main takeaway from yesterday’s Bank of Japan (BoJ) meeting was that Ueda still has his eye on an eventual exit from negative rates despite inflation showing signs of slowing…
For a complete overview of the U.S. dollar’s technical and fundamental outlook, request your complimentary Q1 trading forecast now! Recommended by Diego Colman Get Your Free USD Forecast Most Read: British Pound Rallies on Robust UK PMIs, GBP/USD and EUR/GBP LatestThe U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. According to S&P Global, both manufacturing and service sector business activity accelerated at the start of the year, with the former entering expansionary territory and the latter reaching its highest level in seven months. Both indicators surprised to the upside by a wide…
USDCAD 10 minsThe Canadian dollar is dropping on the Bank of Canada rate decision for the usual reasons. It’s not because the Bank of Canada removed a line about possibly hiking rates — the market has known for a long time that rate hikes were done.So why is the Canadian dollar falling?It’s because the Bank of Canada wasn’t dovish enough. What? Isn’t that the opposite of how markets usually work?It is but it reverses when central banks miss a turning point. Canada’s economy is struggling, you can see it from the BOC’s own forecast of 0.8% GDP growth this year…
Share: WTI Oil staples near $75 with current events not enough to send Crude higher. OPEC cuts are not sufficient and are just a drop on a hot plate. The US Dollar Index fails again to hold ground above important technical indicators. Oil prices are under pressure again this Wednesday, despite the small uptick near $75 earlier, proving that the current Oil production cuts from OPEC+ are simply not enough. Especially when Russia, who would take the biggest share of supply cuts, is not respecting them and continues to pump up even more Crude in order to fund its…
Andrii Yalanskyi/iStock via Getty Images This year’s layoffs are showing no signs of abating, as eBay (NASDAQ:EBAY) joins the list of companies downsizing in 2024 to ensure long-term, sustainable growth. CEO Jamie Iannone said in a memo that eBay (EBAY) plans to lay off 9% of its workforce, or about 1,000 full-time jobs, and will scale back the number of contracts it has within its alternate workforce over the coming months. Shares of eBay (EBAY) rose 3% in premarket trade on Wednesday. “While we are making progress against our strategy, our overall headcount and expenses have outpaced the growth of…
GBP/USD and EUR/GBP Latest Analysis and ChartsServices activity was at an eight-month high in January.Cable clips 1.2773 after the data release.Most Read: British Pound Weekly Forecast: Ranges Look Set to Hold, But Watch US Data Recommended by Nick Cawley Get Your Free GBP Forecast The latest S&P Global PMIs showed UK services activity picking up to an eight-month high, while the composite index hit a fresh seven-month peak. Manufacturing however slipped to a three-month low.According to S&P Global chief business economist, Chris Williamson,‘UK business activity growth accelerated for a third straight month in January, according to early PMI survey data,…