Author: FX
Everi Holdings reports mixed Q3 earnings; updates FY23 outlook Source link
© Reuters. FILE PHOTO: European Union (EU) flags fly in front of the headquarters of the European Central Bank (ECB) in Frankfurt, Germany, July 8, 2020. REUTERS/Ralph Orlowski/File Photo By Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank needs to see further progress in dampening inflationary pressures, and companies along with governments need to chip in to prevent more policy tightening, ECB policymakers said on Wednesday. The ECB snapped a steak of ten straight rate hikes last month, and investors are increasingly betting that its next move will be a cut, possibly as soon as next April, as consumer…
Italian Retail Sales (YoY) (Sep) $EUR Actual: 1.3% Previous: 2.4% This article was written by Ryan Paisey at www.forexlive.com. Source link
If you’ve been watching commodity prices recently, then you’ll know that spot gold (XAU/USD) just broke a key support zone earlier this week. And we don’t have to look far for answers! Fading war risk premium has helped weaken the demand for “safe havens” like XAU/USD. At the same time, spotty economic indicators from China put in question the future demand for commodities including gold. 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…
Share: EUR/USD has partially retracted the gains recorded after the US labor market report. Economists at Commerzbank analyze the pair’s outlook. Lull in data publications in EUR/USD Focus is likely to remain on speeches by central bank officials. On the Fed side, attention will probably continue to centre on the debate about a further rate step. On the other hand, speeches by ECB members from both camps are also on the agenda, which are likely to challenge the more than three rate cuts priced in by the market until October 2024. That means that despite a lack of…
2/2 © Reuters. FILE PHOTO: Peter Range, the executive director of Ohio Right to Life, speaks to members of the Clark County Republican Party about the state’s upcoming referendum on abortion rights, in Springfield, Ohio, U.S., October 26, 2023. REUTERS/Joseph Ax/File Ph 2/2 By Joseph Ax (Reuters) -Democrats and abortion rights advocates notched a string of electoral victories on Tuesday, including in conservative Ohio and Kentucky, an early signal that reproductive rights remain a potent issue for Democrats ahead of the 2024 presidential race. In Ohio, a state that voted for Republican Donald Trump by 8 percentage points in the…
IvelinRadkov Oppenheimer downgraded its rating of Ventyx Biosciences (NASDAQ:VTYX) to perform, citing the company’s decision to discontinue development of its drug VTX958 for plaque psoriasis and psoriatic arthritis due to disappointing Phase 2 clinical data. Oppenheimer said that Ventyx still maintains a “healthy” balance sheet of $301M as of the end of Q3. The company also has several clinical stage programs, with Phase 1 and Phase 2 results for two compounds targeting NLRP3 expected in Q1 2024. The investment bank said VTX958 represented around 85% of the value in its models for the company. It added that disappointing results for…
More from Bank of Japan Governor Ueda There is no statistical evidence that interest rate levels have direct correlation with wage movesLonger run, it’s important to heighten labour productivity to push up inflation-adjusted real wagesAs for monetary policy, it can help raise wages via tighter labour market conditions by keeping real interest rates low and stimulating economyEarlier here:BOJ Ueda says YCC policy side effect risk is of greater market, including FX, volatility—Also, remarks from Japan finance minister Suzuki: See June next year as critical timing where Japan can see inflation-adjusted real wages turn positiveWe do not expect tax cut, which…
NZD/CAD moves to the top of the technical watchlist today with its consolidation behavior at the top of a sweet looking uptrend! Where could we see the bulls take over again? And if they don’t where may it be go time for the bears? NZD/CAD 1-Hour Chart by TradingView On the one hour chart of NZD/CAD above, we’ve got another text book uptrend in the works, but price has stabilized so far this week. The 0.8150 minor psychological level seems to be the magnet equally attract both sides of the market, essentially creating a symmetrical triangle at the end of…
Share: The USD/JPY is edging higher, retesting chart space above 150.00. Bullish momentum appears to be weakening as the pair struggles to reclaim 151.70. Fed Chair Powell makes an appearance on Wednesday, Japan Current Account early Thursday. The USD/JPY is trading into the 150.50 neighborhood after the pair eked out a second straight day of gains following last week’s three-day decline into 149.20. The US Dollar (USD) bulled into 151.72 last Tuesday, a mere 20 pips away from hitting a new 31-year high against the Japanese Yen (JPY) as a stubbornly-dovish Bank of Japan (BoJ) continues to hang…