Author: FX
Goldman Sachs is expecting a tapering announcement from the Federal Open Market Committee (FOMC) at the May meeting (April 30 – May 1 meeting).we expect the FOMC to announce that it will slow the pace of runoff at its May meeting and begin tapering soon thereafterwe continue to expect runoff to stop in Q1 of 2025 because the runoff should last longer if it proceeds more slowly This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NASDAQ 100, GOLD PRICE FORECAST:Gold and the Nasdaq 100 present an unattractive risk-reward profile at this precise moment following recent U.S. economic dataWith U.S. inflation running above the 2.0% target and the labor market showcasing exceptional resilience, Fed rhetoric could start shifting in a more hawkish direction in the near termFedspeak will be key in the near termMost Read: US Dollar Bid as Sticky CPI Poses Dilemma for Fed, Setups on EUR/USD, GBP/USDGold prices and the Nasdaq 100 could be at risk of a larger downward correction following the latest set of consumer price and unemployment claims figures released on…
Share: Canadian Dollar falls back as US CPI inflation kicks higher. Canada economic data remains absent until next week. Rising inflation makes rate cuts difficult. The Canadian Dollar (CAD) is mostly lower on Thursday as broader markets pivot into safe haven currencies after US inflation from the Consumer Price Index (CPI) ticked broadly higher than markets were expecting, widening the gap between market hopes of a March rate cut and the Federal Reserve’s (Fed) current stance. Economic data from Canada remains absent from the data docket for the rest of the week, leaving CAD traders waiting for next…
Article by IG Market Analyst Jun Rong YeapUS Q4 Bank Earnings Preview Recommended by Jun Rong Yeap Traits of Successful Traders As per tradition, the 4Q 2023 earnings parade will kick off with the major US banks, starting this Friday (12 January 2024) with JPMorgan (JPM), Citigroup, Wells Fargo, and Bank of America (BAC) leading the pack.US bank stocks: Earnings schedule Source: RefinitivUS bank stocks: Share price performanceOn a one-year basis, the share price performance for the banks has varied widely. JPM is the clear outperformer with a 26.9% gain over the past year, while BAC lagged the broader industry…
Seven & i Holdings GAAP EPS of ¥206.23, revenue of ¥8.58T Source link
2/2 © Reuters. Soldiers keep watch outside the Zonal 8 prison after Ecuador’s President Daniel Noboa declared a 60-day state of emergency following the disappearance of Adolfo Macias, leader of the Los Choneros criminal gang, from the prison where he was serving a 34-ye 2/2 By Alexandra Valencia QUITO (Reuters) – Military and police operations took place around Ecuador on Thursday in response to a wave of violence and the detention of nearly 180 prison staff by inmates, with the government pledging to wage war on crime gangs they blame for the unrest. The dramatic spike in violence this week…
The latest data on U.S. consumer inflation rates (CPI) and jobless claims came out on Thursday, and they painted a mixed picture of the U.S. economy. Here are some of the key takeaways: Broad U.S. consumer inflation metrics rose more than expected in December, driven by higher shelter costs and motor-vehicle insurance. The annual inflation rate reached 3.4% y/y, well above the Fed’s target of 2%. The core inflation rate, which excludes food and energy, also increased to 3.9% y/y, matching the pace of the “supercore” inflation rate (the core inflation rate excluding housing). These metrics suggest that inflation pressures…
US DOLLAR FORECAST – EUR/USD & GBP/USDThe U.S. dollar rises after U.S. inflation data surprises to the upside and unemployment claims fall to lowest level in nearly three monthsWith consumer prices running above target and the U.S. labor market still firing on all cylinders, the Fed may be reluctant to cut rates prematurelyThis article focuses on the technical outlook for EUR/USD and GBP/USD, examining critical price levels following the U.S. CPI report. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Crude Oil Prices Gain…
The USD is higher after the CPI data. However, for the USDCHF it extended above the swing high from January 3 at 0.8554, but could not extend above the swing high from January 5 at 0.8576. At the high from January 5, it also corresponded with the 50% of the move down from the December high to the December low. Today’s high reached 0.8563 between the early January highs.On the downside, traders in the short term will be eyeing close support between 0.8528 and 0.8537. That is a close support that if held, would give the buyers more confidence for…
Crude Oil Price Analysis and Charts• Crude oil prices have risen by more than $2/barrel• News of another tanker seizure brought buyers out• Chinese trade numbers Friay may bring focus back to economic woesDownload the brand new Q4 Oil forecast below: Recommended by David Cottle Get Your Free Oil Forecast Crude Oil prices rose quite sharply in Asian and European trade on Tuesday as signs of increasing geopolitical tensions in the Middle East brought out buyers. The United Kingdom’s monitoring Maritime Trade Operation reported early in the session that a Marshall-Islands-flagged oil tanker had been boarded and taken over by…