Author: FX
Share: GBP/USD recovers some lost ground around 1.2693 on Wednesday. The January Richmond Fed Manufacturing Index came in at -15 vs. -7 consensus and -11 prior. The markets expect the Bank of England (BoE) to start cutting rates as early as May. Traders await the UK and US PMI reports on Wednesday. The GBP/USD pair recovers its recent losses during the early Asian trading hours on Wednesday. The major pair has flirted with four-day lows near around 1.2650 and rebounded to nearly the 1.2700 mark. Investors await the release of January’s UK advanced Manufacturing and Services PMI for…
Steel Dynamics GAAP EPS of $2.63 beats by $0.04, revenue of $4.23B beats by $40M Source link
2/2 © Reuters. FILE PHOTO: Ukrainian servicemen attend mock anti-sabotage drills near the border with Russia, amid Russia’s attack on Ukraine, in Sumy region, Ukraine January 20, 2024. REUTERS/Gleb Garanich 2/2 WASHINGTON (Reuters) – Russia’s military is carrying out probing attacks with barrages of missiles and drones in an attempt to find weaknesses in Ukraine’s military as U.S. funding for security assistance is tied up in Congress, a senior Pentagon official said on Tuesday. The efforts include use of ballistic missiles, cruise missiles and drones, and Russia has also sought to force Ukraine to expend precious ammunition, and air defenses,…
ECB members recently hinted that it’s too soon to talk interest rate cuts. Will we see any change on their rate cut stance this week? How may EUR react to the event? Here are points you need to know if you’re trading the ECB event on Thursday: 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
The US treasury will auction off $60B of 2-year notes at 1 PM ET. The auction is the first of the 3 coupon auctions this week. Tomorrow, 5-year notes will be auctioned. On Thursday, the treasury will auction 7-year notes.Below are the major component details of the last and the 6-month averages The auction results, will be compared to the 6-month averages to determine strong or weak demand. If the auction is strong, yields should move lower. Conversely, if the auction is weak, yields should continue its move higher. High Yield:Previous: 4.314%Six-auction average: 4.860%Tail: The tail is the difference between…
Gold and Silver Analysis, Prices, and ChartsThe latest Fed rate expectations show six quarter-point cuts this year.Gold and Silver struggle but the sell-off is so far contained.Learn how to trade gold with our free guide Recommended by Nick Cawley How to Trade Gold Most Read: Gold and Silver Weekly Forecast: Tempered Rate Cut Bets Pose a HeadwindThe latest look at US rate expectations shows six quarter-point cuts are now being priced in with the first seen in May compared to seven last week with the first in March.The yield on the rate-sensitive UST 2-year has risen from 4.14% to a…
Share: A strong start to the year for the US Dollar is set to continue, probably supported by both risk aversion and somewhat higher yields, analysts at HSBC say. JPY and CAD are likely to consolidate in the weeks ahead As the gap between market pricing and central bank guidance remains wide, we expect this USD strength to continue over the near term, notably against the EUR and GBP, in addition to the risk-on currencies, like the AUD and NZD. Geopolitical risks will also carry scope to add further momentum to recent market moves. Beyond these global headwinds,…
Verizon in charts: Q4 Wireless Equipment revenue rises ~29% Q/Q; Broadband net additions slide Source link
Crude Oil Prices and AnalysisEnergy prices had already gained on geopolitics this weekWorries about end-demand seem to have put the brakes onUS inventory data will grab attention in the coming sessions Recommended by David Cottle Get Your Free Oil Forecast The previous session had seen price rises for both the United States West Texas Intermediate benchmark and international bellwether Brent. A suspected Ukrainian drone attack on a Baltic Sea processing terminal owned by Russian natural gas giant Novatek was behind part of that move. News that US and United Kingdom forces had again launched airstrikes against Houthi rebels in Yemen…
© Reuters. NEW YORK – Verizon Communications Inc (NYSE:). saw its shares climb more than 4% in premarket trading today after the company unveiled impressive fourth-quarter results and an optimistic forecast for 2024. The telecommunications leader reported it expects adjusted earnings per share (EPS) for 2024 to range between $4.50 and $4.70, topping analyst expectations. The company’s financial health was further highlighted by a significant uptick in wireless subscribers during the fourth quarter, with net additions exceeding 400,000. Verizon’s performance over the past year also reflected a robust increase in annual Free Cash Flow, which reached $18.7B. Looking ahead, the…