Author: FX

The company currently expects FY23 revenue to be in the range of $31.0 million to $32.5 million vs. the consensus of $31.9 million, representing 19% growth at the mid-point (prior: $31 million to $34 million) and an Adjusted EBITDA loss in the range of -$1.5 million to -$2.0 million (prior:-$3.0 million to -$1.5 million).”As the Company has communicated repeatedly during the last nine months, springbig expects to turn Adjusted EBITDA positive during Q3 and to generate an Adjusted EBITDA profit in the range of $0.5 million to $1.0 million for the second half of this fiscal year,” said Paul Sykes,…

© Reuters. FILE PHOTO: Car chargers at a Tesla Super Charging station are shown in Carlsbad, California, U.S. Sept. 14, 2018. REUTERS/Mike Blake/File Photo By Abhirup Roy SAN FRANCISCO (Reuters) – Tritium DCFC said on Tuesday it had won an order from Hawaii to make high-speed electric vehicle chargers – the first funds to roll out in a federal program meant to blanket the country with charging infrastructure and boost EV adoption. The U.S. government plans to dole out $5 billion to states over five years as part of the National Electric Vehicle Infrastructure Program (NEVI) to electrify highways and…

US small business confidence hits a 7-month high in June as sentiment is starting to turn more optimistic (more like less pessimistic perhaps) on the economy. Sales expectations improved further n the month but the tight labour market continues to drive concerns about inflation. That said, the percentage of business owners seen raising their average prices fell to just 29% – the lowest since March 2021. Source link

Share: The UK Unemployment Rate unexpectedly rises to 4.0% in the three months to May. The Claimant Count Change for Britain arrived at 25.7K in June. The UK Average Earnings excluding bonuses rose 7.3% 3M YoY May vs. 7.1% expected. The Office for National Statistics (ONS) published the latest employment data on Tuesday showing the United Kingdom’s (UK) ILO Unemployment Rate inched higher to 4.0% in the quarter to May from the 3.8% seen during the three months to April. The market forecast was 3.8% in the reported period. The Claimant Count Change also showed a big increase. The number of people claiming jobless benefits jumped…

Heads up, dollar traders! We’ve got a fresh batch of U.S. CPI readings comin’ right up, so this might be your chance to catch big moves off USD pairs. Event in Focus: U.S. headline and core CPI readings for June 2023 When Will it Be Released: July 12, 2023 (Wednesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. headline consumer price index m/m: 0.3% forecast vs. 0.1% previous U.S. headline consumer price index y/y: 3.1% forecast vs. 4.0% previous U.S. core consumer price index m/m: 0.3% forecast vs. 0.4%…

Don’t look now, but NZD/CHF looks ready to test the bottom of its triangle chart pattern! Do you think it will hold during the RBNZ decision? As you can see from the hourly time frame below, the pair is closing in on the support area ahead of the big event. NZD/CHF 1-hour Forex Chart by TV This pair has formed lower highs and found support around the .5450 minor psychological mark, creating a descending triangle pattern that’s been holding since late June. Price just bounced off the resistance earlier this month and looks prime for a test of support again,…

GBP/USD rises sharply to 1.2900 post-labor data after wage growth hits fresh yearly highs. Source link

Nikada Japan +0.23%. China +0.38%. Hong Kong +1.37%. Australia +1.21%. Australian June business confidence rose to 0, from prior -3. Australian weekly consumer confidence survey fell again, to 73.3 (prior 74.1). Westpac Australian consumer sentiment +2.7% m/m in July (prior +0.2%). Australian private survey of household spending dropped 1.7% m/m in June (prior +3.1%). India +0.75%. The Philippines’ trade deficit has fallen by over 20% year on year to come in at $4.4 billion for May, compared to the $5.57 billion recorded in the same month a year ago. In the U.S. on Monday, all three major indexes ended their…

© Reuters. FILE PHOTO: An Amazon worker loads a trolley from a Prime delivery van in Los Angeles, California, U.S. February 25, 2019. REUTERS/Chris Helgren/File Photo By Granth Vanaik and Ananya Mariam Rajesh (Reuters) – Amazon.com (NASDAQ:) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents and food prices for consumers ahead of Prime Day, which falls on July 11-12 this year. CFRA Research…

Spot gold (XAU/USD) is testing the upper limits of its recent downtrend! Will the precious metal keep on losing pips against the U.S. dollar? Or will we see a breakout this week? Gold (XAU/USD) 4-hour Chart by TV If you’ve been watching spot gold lately, then you’ll know that XAU/USD has been making lower highs and lower lows since May when the pair found resistance at the $2,040 area. XAU/USD’s downtrend has taken it has far as $1,900 but it looks like there were enough buyers at the area to encourage a first touch bounce. Will XAU/USD retest its $1,900…