Author: FX
© Reuters. FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo BEIJING/HONG KONG (Reuters) -Country Garden has secured approval from its creditors to extend the maturity of one more onshore bond by three years, two sources with knowledge of the matter said, as the cash-strapped Chinese developer scrambles to avoid a default. Country Garden’s onshore creditors voted on Monday for proposals by the distressed developer to extend repayments on eight onshore bonds worth 10.8 billion yuan ($1.48 billion) by three years. Of…
Goldman Sachs with a very subdued outlook for US economic growth into the end of the year, this in summary:Three developments are set to temporarily slow growth:resumption of student loan paymentsthe federal government looks more likely than not to temporarily shut downUAW strikeTaken together, we expect quarterly annualized GDP growth to slow from +3.1% in Q3 to +1.3% in Q4 (vs. consensus of +2.9% and +0.6%)We expect the slowdown to be shallow and short-lived, with GDP growth rebounding to +1.9% in Q1 (vs. consensus of +0.1%) as these temporary drags abate and income growth reaccelerates on the back of continued…
Justin Sullivan/Getty Images News California legislators passed a first-of-its-kind bill Tuesday that would require large companies that do business in the state to disclose all emissions tied to both their operations and supply chain. The state senate approved the bill, sending the bill to Governor Gavin Newsom, who has not yet taken a position on the bill but will decide by October 14 whether to sign it. The bill would require businesses with $1B or more in annual revenue that operate in California to calculate and report a wide range of emissions, including indirect or Scope 3 emissions – which…
Share: The daily chart portrays the cross-currency pair in consolidation as bulls eye 95.00. Short term, the AUD/JPY uptrend remains in charge, with bulls eyeing 95.00. The Australian Dollar (AUD) exchanges hands near the weekly highs vs. the Japanese Yen (JPY(, but remains trading sideways amidst the lack of clear catalysts that boost or undermine the former. As Wednesday’s Asian session begins, the AUD/JPY is trading at 94.48, down by 0.02%. AUD/JPY Price Analysis: Technical outlook The daily chart depicts the pair as neutral to upward based, capped on the upside by the September 5 swing high of…
Ceylon Graphite announces appointment of CFO and debt settlement Source link
AUD/USD FORECAST:AUD/USD slides and fails to build on Monday’s gains, in a trading session marked by some risk aversion and moderate U.S. dollar strengthDespite Tuesday’s subdued performance, AUD/USD seems to be in the process of forging a double bottomThis article looks at Aussie’s key technical levels to watch in the coming days 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 Up as Oil Soars, Nasdaq 100 Dips Pre-US CPI – How to Trade Inflation the Inflation Report?The Australian dollar was muted on…
© Reuters. FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri/File Photo By Noel Randewich and Ankika Biswas (Reuters) – Wall Street stocks ended lower on Tuesday as Oracle (NYSE:) shares tumbled more than 13% after a weak forecast and surging oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week. Oracle shares dived to their lowest since June after the cloud-services provider forecast current-quarter revenue below targets and narrowly missed first-quarter expectations. Cloud-computing heavyweights Amazon.com (NASDAQ:) and Microsoft (NASDAQ:) each fell…
AAPL stock daily chartAAPL stock is under pressure following the announcement of the iPhone 15 and a new Apple Watch. The 2.5% decline in the shares following the event is a session low and highlights something of a ‘sell the fact’ reaction. It’s something we’ve seen before following events, particularly with the difficulty of crafting new and novel technology.Apple announced two new high-end iPhones: the iPhone 15 Pro and 15 Pro Max. They’re made of titanium, they have a new ‘Action Button’. The feature replaces the ring/silent switch and hardly sounds like a reason to shell out the $999 or…
Looking for a news event to trade this week? Here’s what you should know about Australia’s upcoming jobs release, how AUD might react, and what market analysts are expecting. Event in Focus: Australia’s April Employment Data: Employment Change, Unemployment Rate When Will it Be Released: September 14, 2023 (Thursday) 1:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: 40K net jobs added for the month of August, a rebound over the 14,600 jobs lost in July Unemployment rate to tick lower from 3.7% to 3.6% Forecasts as of Sept. 12, 5:00…
Share: USD/MXN trades at 17.2607, with the dollar gaining 0.20% as risk-off sentiment prevails in the market. US inflation data due Wednesday could be a game-changer; CPI expected to rise from 3.2% to 3.6% YoY. Mexico’s 2024 economic package proposes fiscal deficit increase to 4.9% of GDP, the highest in 36 years. The Mexican Peso (MXN) loses some ground vs. the US Dollar (USD) after strengthening to 17.2688, but the latter regains some composure as the North American session progresses. A scarce economic docket in the US and a risk-off impulse keep investors seeking safety ahead of US…