Author: FX
USD/JPY ANALYSIS & TALKING POINTSJapan looks to US for guidance.US inflation may result in Japanese involvement.Bearish divergence suggestive of downside to come. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen has yet to make any real upside impact on the US dollar this week as USD/JPY remains elevated. Despite warnings from the Japanese Finance Minister Shunichi Suzuki that intervention is a possibility should the JPY deteriorate even further (around the 150 mark), markets are seemingly unphased until action is taken. It is important to note that Japanese exported will be comfortable with the…
China’s consumer-price index and producer-price index from the National Bureau of Statistics.higher services prices (prices of air tickets, tourism and accommodation rose over the summer holiday season) dragged CPI up from its negative return in the previous monthneverthelss CPI came in lower than the surveyed consensus of expectations from economistsfood prices fell 1.7% y/y in the month, the same as in Julynonfood prices +0.5% y/yChina’s core CPI excludes volatile food and energy prices, it jumped 0.8% y/y in Augustprior also +0.8% y/y in JulyThese numbers, while they overall differ from the consensus are still not much of a surprise. Officially…
© Reuters. FILE PHOTO: A 3D printed Facebook’s new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration By Nate Raymond and Jonathan Stempel (Reuters) -A federal appeals court on Friday ruled the White House, the FBI and top health officials may not “coerce or significantly encourage” social-media companies to remove content the Biden administration considers misinformation, including about COVID-19. But the three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals narrowed much of an injunction issued by a Louisiana judge that restricted Democratic President…
Share: The USD/CLP is breaching into significant highs as the Chilean Peso crumbles. CLP down significantly as the Chilean central bank starts to axe interest rates in the face of evaporating inflation. Market economists expect the Banco Central de Chile expected to begin making 100-point rate cuts in the coming months. The Chilean Peso (CLP) continues to decay in markets, falling over 5% against the US Dollar (USD) and sending the USD/CLP pair into ten-month highs near 896.0000. CLP slides on waning copper demand, rapidly-dwindling inflation The Chilean Peso has declined for three consecutive months against the Greenback…
Share: S&P 500 closed up 0.14% at 4,457.49 on Friday but lost 1.13% for the week, reflecting investor caution amid global economic uncertainties. US economic data shows resilience with solid service sector activity and tight labor market, contrasting with gloomy outlooks in China and Europe. US Treasury bond yields advance to 4.268% on 10-year note, while the US Dollar Index finishes the week up 0.76%, signaling cautious optimism. Wall Street finished Friday’s session clinging to minuscule gains after a week that witnessed economic data from the United States (US) would keep the US Federal Reserve sitting on its…
Iryna Drozd Vigil Neuroscience (NASDAQ:VIGL) said the FDA is allowing a Phase 1 clinical trial for its Alzheimer’s drug candidate VG-3927 to proceed with a partial clinical hold related to the maximum drug exposure limit. Vigil said it expects to begin dosing healthy volunteers for the study in October. It added that the FDA’s maximum exposure limit for the study exceeds the predicted efficacious dose. The biotech company said it planned to work with the FDA on addressing the partial clinical hold and expected to receive additional details from the agency in the next 30 days. The FDA lifted a…
Share: XAU/USD closed the week with a 1% weekly decline above the convergence of the 20 and 200-day SMAs. US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US. At the end of the week, the XAU/USD traded with mild losses, around $1,918. The precious metal will close the week with sharp losses, 5% for Silver and nearly 1% for Gold driven by US yields edging higher on the back of growing tightening expectations for the Federal Reserve. In that sense, precious metals tend to…
Spanish Broadcasting System GAAP EPS of -$0.92, revenue of $35.44M Source link
Markets:Gold flat at $1918US 10-year yields flat at 4.26%WTI crude oil down 48-cents to $87.35S&P 500 up 0.2%CAD leads, JPY lagsThe euro ends the day flat but it certainly wasn’t quiet as some hawkish ECB sources reports ahead of next week’s meeting, along with some lumpy flows led to a sharp rise to 1.0740 from 1.0700. However that was countered by a selloff in Treasuries later and the move fully retraced as USD steadily after Europe dropped off.Earlier, the yuan fell to a 10-month low and that may have been behind some of the USD buying. The idea is that…
US stocks slumped in the afternoon but there was some last minute buying to prevent a negative finish.Closing changes:S&P 500 +0.1%Nasdaq Comp +0.1%Russell 2000 -0.3%DJIA +0.2% Toronto TSX Comp -0.3%This week was a dud. Summer isn’t over yet. This article was written by Adam Button at www.forexlive.com. Source link