Author: FX
© Reuters. FILE PHOTO: A woman looks at a new iPhone 15 Pro and a Huawei Mate 60 Pro as Apple’s new iPhone 15 officially goes on sale across China, at an Apple store in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo By Yuvraj Malik and Stephen Nellis (Reuters) -Apple said on Thursday that demand for its iPhones in China was strong, trying to reassure investors who are worried it is losing ground to a newly resurgent Huawei Technologies and other local smartphone makers. “In mainland China, we set a quarterly record for the September quarter for iPhone,” Chief…
Final results from New Zealand’s October 14 election show that the National Party needs support from ACT New Zealand and NZ First to form a government.The National Party led by Christopher Luxon secured 48 seats, ACT won 11 seats, resulting in a combined total of 59 seats out of 122 in the parliament. That was short of the 62 seats needed to governNew Zealand First party’s – led by Winston Peters – has eight seats and would provide the necessary majority for these three parties to form a coalition government.Although the Labour Party conceded defeat in the election, right-wing parties…
Share: China’s Services Purchasing Managers’ Index (PMI) rose to 50.4 in October, compared to 50.4 in September, the latest data published by Caixin showed on Friday. Key points Business activity increases only slightly. Sales expand at softest rate in ten months. Employment stagnates as business confidence wanes. Commenting on the China General Services PMI ™ data, Dr. Wang Zhe, Senior Economist at Caixin Insight Group said: “The Caixin China General Composite PMI for October was 50, down 0.9 of a point from the previous month and once again hitting the lowest reading this year. Demand expanded slightly, but…
SlavkoSereda/iStock via Getty Images Crude oil futures snapped a three-session losing streak to finish higher Thursday, as the Federal Reserve’s decision to leave benchmark interest rates unchanged while hinting it might be done raising rates helped boost riskier assets and weaken the dollar. “Energy traders are growing confident that the Fed is done tightening, given the recent soft labor market readings,” Oanda analyst Edward Moya said. The Bank of England also held rates steady at its meeting Thursday for a second straight month after a string of 14 rate hikes. Front-month Nymex crude (CL1:COM) for December delivery finished +2.5% to…
© Reuters. A view shows a Starbucks logo at a Starbucks coffee outlet in New Delhi, India, May 30, 2023. REUTERS/Anushree Fadnavis By Deborah Mary Sophia (Reuters) -Starbucks leaned on the hype around its Pumpkin Spice Latte and other fall-themed drinks in North America to surpass Wall Street targets for fourth-quarter results, as demand for its pricey coffees defied sticky inflation. The company’s shares closed 9.5% higher on Thursday, adding nearly $10 billion to Starbucks (NASDAQ:)’ market capitalization, after the coffeehouse giant also delivered an upbeat annual profit forecast. The seasonal return of the Pumpkin Spice Latte (PSL) in August,…
US NFP REPORT KEY POINTS:The U.S. economy is forecast to have created 180,000 jobs in OctoberThe unemployment rate is seen holding steady at 3.8%A weak NFP report would be bearish for the U.S. dollar, creating the right conditions for a moderate rally in EUR/USD and GBP/USD Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Forecast – USD/JPY Slips but AUD/USD Breaks Out After Fed, NFP AheadWall Street will be on high alert Friday morning when the U.S. Bureau of Labor Statistics publishes…
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USD/CAD PRICE, CHARTS AND ANALYSIS:Read More: The Bank of Canada: A Trader’s GuideUSDCAD has continued to selloff today following a rejection at the 1.3900 resistance level. The decline in the DXY has helped USDCAD push lower as well in what will be a welcomed by the Bank of Canada and Canadian consumers. In October the Canadian Dollar was the third worst performing G10 currency as it lost ground against the Greenback, the rise in Oil prices not even able to support the CAD. Recommended by Zain Vawda Get Your Free Top Trading Opportunities Forecast USD INDEX AND US, CANADIAN DATA…
USD/JPY AND AUD/USD OUTLOOK:USD/JPY retreats for the second straight day as the broader U.S. dollar softens after the Fed fails to steer markets toward pricing another hikeMeanwhile, AUD/USD breaks out to the topside after clearing trendline resistanceAttention now turns to Friday’s U.S. economic data, which includes the nonfarm payrolls report and the ISM services survey Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: EUR/USD, Gold Forecast – Powell Fails to Steer Markets Towards Another Hike. What Now?The U.S. dollar depreciated broadly on Thursday after…
BlackRock Investment Quality Municipal Trust declares $0.0395 dividend Source link