Author: FX
Verastem gets FDA orphan drug status for low-grade ovarian cancer therapy Source link
© Reuters. Emirates airline President Tim Clark takes part in a panel discussion at the International Air Transport Association’s (IATA) Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. REUTERS/Brian Snyder/File Photo By Ilona Wissenbach BERLIN (Reuters) – One of Boeing (NYSE:)’s biggest customers, Dubai carrier Emirates, threw its support behind a possible Boeing takeover of Spirit AeroSystems (NYSE:), saying it would be a step towards resolving the planemaker’s industrial crisis. U.S. regulators have been carrying out factory audits and reported findings at both Boeing and supplier Spirit following the dramatic blowout of a dummy door on an almost-full…
Gold (XAU/USD) Price Analysis and ChartGold readying for another shot at the December 4th spike high.Will Chair Powell give anything away later today?Most Read: Silver Tumbles Back Into Multi-Month Support ZoneGold’s recent rally accelerated last Friday, driven higher by weak US economic data, and the rally back towards a new all-time high has continued this week with the precious metal posting a $2,141.8/oz. peak yesterday. This left gold just $3 short of printing a new ATH. The technical outlook for gold remains positive and suggests that the precious metal will continue to move higher.The drivers for the latest move higher…
Share: A lot is going on in FX markets today. We have some important US Job Openings data and key testimony from Fed Chair Jay Powell. Economists at ING analyze Dollar’s outlook ahead of these two key events. Some key inputs to the Dollar story for this year January JOLTS Job Openings data is expected to fall to 8.85 million from 9.03 million. More in focus is the ‘quit rate’ – i.e. what percentage of the workforce has voluntarily left work. At its peak in 2021 and 2022, nearly 3.5% of the workforce was quitting – reflecting very…
EUR/USD is still hanging out inside its short-term range and testing resistance. Will we see big moves when top-tier U.S. catalysts come up later? How might this pair react to leading jobs indicators and speeches by Fed head Powell? 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
WTI crude oil is testing a previous resistance area after making new 2024 highs! In case you missed it, crude oil prices took hits after global demand concerns and higher-than-expected U.S. inventories weighed on the commodity. It also didn’t help that the U.S. printed weak economic data and announcements from China have so far been underwhelming for the markets. WTI Crude Oil (USOIL) 4-hour Chart by TradingView Luckily for USOIL bulls, OPEC and its friends have also decided to extend their voluntary output cuts. Optimism for more stimulus in China is also keeping demand afloat for the oil benchmark. Remember…
NewtekOne misses top-line and bottom-line estimates; initiates FY24 outlook Source link
© Reuters. FILE PHOTO: A logo of Bangko Sentral ng Pilipinas (Central Bank of the Philippines) is seen at their main building in Manila, Philippines March 23, 2016. REUTERS/Romeo Ranoco/File Photo MANILA (Reuters) – The Philippines’ central bank governor on Wednesday ruled out rate cuts anytime soon due to upside inflation risks and signalled that borrowing costs will remain higher for longer. Bangko Sentral ng Pilipinas governor Eli Remolona said the central bank wants to be certain inflation will settle comfortably within its 2%-4% target range. He said last month’s data showed “it’s still too soon to declare victory” over…
Westpac contemplates “A short-term JPY opportunity amid long-term headwinds?”In summary from the note:A textbook case for a quick USD/JPY reversal seems to be developing. The pair has been spinning its wheels between 150-151 recently, even as the hawkish repricing in US rates has lost momentum. At 4.15-4.35%, long term US yields are more appropriately calibrated for a bumpier disinflation glidepath and 3% growth, than they were at the start of the year. Fed fund expectations are not as obviously skewed relative to the Fed’s dots either. The “no landing” narrative has legs, but it’s not clear conditions are ripe for…
Share: Reserve Bank of New Zealand (RBNZ) Chief Economist Conway is expressing his take on the impact of the US Federal Reserve (Fed) interest rate cuts on inflation and the New Zealand Dollar. Key quotes (via Bloomberg) “If the Fed, for example, did start to cut toward the end of this year and we didn’t” then “that would show up first and foremost in the exchange rate.” “The exchange rate would start to appreciate, which would bring down inflationary pressures. So then you have to think about what are the flow-on effects of that inflation, and would that mean…