Author: FX
USD/JPY AND GBP/USD OUTLOOK:USD/JPY deepens its decline as U.S. Treasury rates extend their downward correctionSofter-than-expected U.S. CPI and PPI data weigh on bond yieldsMeanwhile, GBP/USD blasts higher, rising to its best levels since April 2022 Recommended by Diego Colman Get Your Free JPY Forecast Most Read: Gold Finds Spark in Weak US Inflation Data, EUR/USD Blasts Off to New 2023 PeakUSD/JPY deepened losses on Thursday, dragged down by falling U.S. Treasury rates. Since Monday, the 10-year yield has fallen nearly 30 basis points to the edge of 3.8%, erasing all gains from the previous week, with the slump accelerating over…
Share: NVDA advanced 3.5% on Wednesday. Nvidia invested in biotech firm Recursion that uses AI technology. NASDAQ 100 rebalancing will cause major selling of NVDA stock. June CPI is clearly bullish for NVDA and the general market. Nvidia stock reaches new all-time high in Thursday premarket. Nvidia (NVDA) stock added more than 2% in Thursday’s morning session to $449.93 – a new all-time high – although the advance had sagged a bit by the time of writing. Wednesday’s lower inflation results have made the market as a whole more optimistic, and after that news NVDA stock locked in a 3.5% gain…
CANADIAN DOLLAR PRICE, CHARTS AND ANALYSIS:The Loonie Looks on Course for Further Gains Against the Greenback as the Bank of Canada (BoC) as the DXY Slide Continues.BoC Governor Macklem Revealed Concerns Around the Pace at Which Inflation is Expected to Fall Moving Forward.Technicals Are Hinting at Further Downside However, a Short-term Retracement Remains a Possibility. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Read More: The Bank of Canada: A Trader’s GuideCANADIAN DOLLAR BACKDROPIt has been an interesting couple of weeks for the Canadian Dollar heading…
Grafner/iStock via Getty Images Update 11:10am: Adds Stratasys comment, updates shares. Stratasys (NASDAQ:SSYS) rose 11% after 3D Systems (NYSE:DDD) raised its stock and cash offer for the 3D printer maker. 3D Systems fell 1.4%. 3D Systems (DDD) increased its cash and stock offer for Stratasys to $24.07 a share, according to a statement. The bid consists of $7.50 in cash, and Stratasys holders will now receive 1.5444 shares of 3D Systems. DDD said the implied value of the deal is $28 share, including $100 million in cost synergies. With the revised deal. Stratasys (SSYS) holders will own about 44% of…
DAKAR (Reuters) -The United Nations refugee agency (UNHCR) has raised concerns about reports in Ghana that hundreds of citizens seeking refuge from an insurgency in neighbouring Burkina Faso were being deported, an allegation that Ghana denies. Burkina Faso is one of several West African countries fighting armed groups that took root in north Mali and have seized ground across the region over the past decade, killing thousands and displacing over six million in the process. More than two million have fled their homes in Burkina Faso alone, where frustrations over growing insecurity spurred two military takeovers last year. Some, mainly…
Yesterday, the US CPI report missed expectations across the board and led to a big selloff in the US Dollar. The market pricing for a 25 bps hike at the July meeting hasn’t change though as the labour market tightness and no hints of a skip or pause from the Fed speakers probably contributed to such expectation.On the other hand, the BoJ maintains its dovish stance keeping rates at -0.10 and the YCC at the usual settings. Core inflation in Japan keeps on rising and there are only slightly tentative signs of a possible exit from the current policy. The…
Share: US inflation came slightly lower than had been expected. Economists at Commerzbank analyze USD outlook after the US CPI report. A small surprise in US CPI, a giant jump in EUR/USD The majority of analysts had expected that the core rate would stand at 0.3% (MoM, seasonally adjusted), but it turned out to be just under 0.2%. ‘So what?’ one might wonder. That does not mean that the inflation issue in the US has now been solved. We might see setbacks over the coming months. Greenback weakened significantly after the data release. One might ask if an…
Article by IG Chief Market Analyst Chris BeauchampDow Jones, Nikkei 225, CAC40 Prices, Charts, and Analysis Foundational Trading Knowledge Trading Discipline Recommended by IG Dow looks to break 34,500The index rallied in the wake of the CPI reading, but was unable to hold on to gains above 34,500. This leaves the range of recent weeks intact, but with risk appetite once again building following the inflation print we could see a close above 34,500. This would mark a bullish development and open the way to 35,000 and the December highs.A reversal below 33,600 would be needed to put the sellers…
Per the terms of the current award, Weatherford (WFRD) will provide its state-of-the-art digitalization solution, the Centro well construction optimization platform, which provides exceptional visibility and performance in operations. The deal comes weeks after Weatherford won a three-year contract with Saudi Arabia’s Aramco for the provision of drilling services. Source link
© Reuters. FILE PHOTO: A P-8A Poseidon attached to Maritime Patrol Squadron (VP) 8 flies over the guided-missile destroyer USS Momsen (DDG 92) in the South China Sea June 29, 2016. U.S. Navy photo by Naval Aircrewman 2nd Class Daniel Rodriguez/Handout via REUTERS/Fi TAIPEI (Reuters) – A U.S. Navy patrol plane flew through the sensitive Taiwan Strait on Thursday, following two days of Chinese military exercises to the south of the island Beijing views as sovereign Chinese territory. China has been incensed by U.S. military missions through the narrow strait, most frequently of warships but occasionally of aircraft, saying China…