Author: FX
PK-Photos United Airlines Holdings (NASDAQ:UAL) will report Q2 earnings on July 19. The airline giant is expected to report operating revenue of $13.93B and EPS of $4.05. United is seen as having a 85.2% load factor for the quarter off revenue passenger miles of 62.8B. Guidance from the Chicago-based carrier will feature an update on the new flights over the Pacific and Atlantic this year. Analysts are also looking for more details on the union contract with pilots and expected costs. Morgan Stanley viewed United Airlines (UAL) favorably ahead of the report. “We believe capacity will likely come in lower…
Recommended by Diego Colman Get Your Free USD Forecast US DOLLAR OUTLOOK:The U.S. dollar has fallen significantly in recent weeks, with the DXY index near yearly lows at the time of writingThe period of weakness could be prolonged if the Fed adopts a less aggressive stance at its July meetingThe FOMC is expected to raise rates by 25 basis points, but markets will focus more on guidanceMost Read: Japanese Yen Setups: USD/JPY Hugs Fibonacci Support, EUR/JPY Eyes Key ResistanceThe U.S. dollar, as measured by the DXY index, fell sharply during the first half of the month, but has lacked conviction…
2/2 © Reuters. FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu delivers a statement at the Palmachim Air Force Base near the city of Rishon Lezion, Israel July 5, 2023. REUTERS/Amir Cohen/File Photo 2/2 JERUSALEM (Reuters) – U.S. President Joe Biden has invited Prime Minister Benjamin Netanyahu to meet at the White House in September, Israel’s national security adviser, Tzachi Hanegbi, said on Tuesday, though the White House has yet to confirm the details. Hanegbi told N12 News that in their phone call on Monday, “The president of the United States told the prime minister, contrary to reports which I saw…
Can the RBNZ resume its tightening cycle anytime soon? The upcoming New Zealand quarterly CPI release might have some clues! Event in Focus: New Zealand Consumer Price Index (CPI) and inflation data for Q2 2023 When Will it Be Released: July 18, 2023 (Tuesday), 10:45 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI q/q: +0.9% forecast vs. +1.2% previous Relevant Data Since Last Event/Data Release: Food price index jumped by 1.6% m/m in June, following meager 0.3% and 0.5% gains in May and April respectively ANZ commodity prices down…
The AUDUSD is consolidating in up-and-down trading. On the downside, a swing level of 0.6786 followed by the 38.2% retracement of the move up from the July 6 low at 0.67814, is providing the support (see red number circles and the retracement level). On the topside, the rising 100-hour moving average at 0.68305 (blue line in the chart below) and a short-term swing area near 0.6837 is resistance. The current price trades at 0.6823. Traders will be looking for a break of either extreme to give the next clues. Right now, the short-term bias is more neutral between the levels.AUDUSD…
Share: Pound Sterling has surrendered their entire gains and has dropped back into the woods. United Kingdom’s inflation is expected to soften as producers have cut prices at factory gates. The Bank of England might continue raising interest rates as the 2% target remains far. The Pound Sterling (GBP) has fallen back below the round-level resistance of 1.3100 as uncertainty ahead of the United Kingdom’s inflation data has increased again. The GBP/USD pair struggles in finding a key trigger and has been oscillating near 1.3100. The current volatility squeeze is expected to be followed by an explosion once inflation data…
Sentiment Analysis: GBP/USD, EUR/USDGBP/USD at extended levels: where to from here? EUR/USD showing signs of bullish fatigueInstitutional speculators and IG retail client sentiment at opposite ends of the positioning spectrumIG client sentiment – a well-known contrarian indicator – positioned in favour of reversals in both pairsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Find out where opportunity lies in Q3 GBP/USD at Extended Levels: Where to From Here?Cable has accelerated higher, mainly on the back of a sharp dollar selloff…
PNC Financial GAAP EPS of $3.36 beats by $0.08, revenue of $5.29B misses by $160M Source link
Yooo CAD/CHF is knocking on a short-term resistance level ahead of Canada’s CPI report! Will bears rush to sell CAD today? Or will CAD/CHF see an upside breakout? Before moving on, ICYMI, yesterday’s watchlist looked at AUD/JPY’s intraday downswing before the RBA meeting minutes release. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: NY Manufacturing Index for July: 1.1 (-6.0 forecast; 6.6 previous); employees index popped to 4.7 from -3.6 previous; prices paid index fell to 16.7…
© Reuters. An helicopter carries water to a wildfire on the flank of a mountain in Bitsch near Brig, Switzerland, July 18, 2023. REUTERS/Denis Balibouse By Denis Balibouse BITSCH, Switzerland (Reuters) – Swiss firefighters on Tuesday battled a forest fire that forced more than 200 people to evacuate and authorities warned the blaze could spread further if winds pick up and take days or weeks to extinguish fully. Fire broke out on Monday on the forested flank of a mountain in Bitsch in the Valais canton near the Italian border. Helicopters hovered overhead throughout the night to drop water onto…