Author: FX
Alimentation Couche-Tard Non-GAAP EPS of $0.86, revenue of $15.62B misses by $530M Source link
© Reuters. FILE PHOTO: A currency dealer walks past electronic boards showing the Korean Composite Stock Price Index (KOSPI) and the exchange rate between the U.S. dollar and South Korean won at a dealing room of a bank, in Seoul, South Korea, March 16, 2023. REUTE SEOUL (Reuters) – South Korea’s financial market watchdog on Thursday urged foreign firms trading on the country’s stock market to strengthen internal controls to prevent illegal naked short-selling. The Financial Supervisory service (FSS) conveyed the message in a meeting with compliance officers from 23 foreign investment banks. Naked short-selling of stocks – in which…
USD/CHF is breaking above a few important resistance levels! Will this translate to a longer-term bullish reversal for the pair? I don’t know if you’ve noticed, but 2023 has NOT been a good year for USD/CHF. The pair has been trading in a downtrend for most of the year after getting rejected from the .9400 psychological handle. USD/CHF Daily Forex Chart by TV What makes the pair interesting today is that USD/CHF is breaking above key resistance levels that had been limiting the pair’s gains. USD/CHF is currently trading above the daily chart’s 100 SMA AND the descending channel resistance…
Australian Prime Minister Anthony Albanese has confirmed he will visit China later this year”I… confirmed the invitation from President Xi. That I would accept an invitation and will visit China later this year at a mutually agreeable time” Albanese met with China’s Premier Li Qiang on the sidelines of a Southeast Asia summit in Indonesia earlier. He said a range of bilateral and other issues of importance were raised, including remaining trade impediments, consular cases and human rights. Albanese welcomed ongoing progress in stabilising the relationship with China. Source link
Share: EUR/USD weakened due to the hawkish tone surrounding the US Fed. Momentum indicators suggest that the pair remains to be fragile in the short term. Weekly low aligned to 1.0700 psychological level could act as key support. EUR/USD treads waters to extend its gains for the second consecutive day, trading slightly higher around 1.0730 during the Asian session on Thursday. The firmer US Dollar (USD) is weighing on the EUR/USD pair as the investors seem to cheer up the hawkish tone surrounding the Federal Reserve (Fed) to maintain interest rates at a higher level for an extended period. The…
Crude Oil, WTI, Brent, Saudi Arabia Russia, OPEC+, EIA, API, OVX – Talking PointsCrude oil leapt over hurdles overnight as production cuts are pushed further outInventory data show US demand to be strong and solid ISM number supports a robust outlookIf oil prices keep going up and the US economy is strong, will another Fed hike hit WTI? Recommended by Daniel McCarthy Understanding the Core Fundamentals of Oil Trading The crude oil price scaled to new heights again today as traders and hedgers weigh production cuts and a continuing run down of stockpiles.Earlier this week Saudi Arabia and Russia committed…
© Reuters. By Nate Raymond (Reuters) – A major U.S. law firm has changed the criteria for a fellowship aimed at promoting diversity in the legal profession after the conservative activist behind the successful U.S. Supreme Court challenge to the consideration of race in college admissions accused it of discriminating against white applicants. San Francisco-founded Morrison & Foerster has removed language specifying that the fellowship is only open to Black, Hispanic, Native American or LGBT applicants, according to a flyer for the program on its website. Data for the PDF flyer shows it was created on Aug. 30, a week…
U.S. Senate confirms Lisa Cook for full 14-year term as Federal Reserve Governor Source link
The decision was expected by markets:From RBC’s response, analysts at the bank note that while headline CPI has slowed, the BoC’s preferred core measure remains persistently above the 2% target. Inflation is likely to gain in the near term: Wage growth is still highoil prices higher in recent weeksRBS note that rates are now at a level the BoC sees as restrictive, enough to put downward pressure on economic growth and inflation pressures over timeAnd indeed that the impacts of hikes already are still building.RBC conclude that the BoC is still highly data-dependent and won’t hesitate to push interest rates…
USD/CAD FORECASTUSD/CAD rises as U.S. Treasury yields push higher following strong U.S. economic dataBank of Canada keeps interest rates unchanged, but says additional hikes should not be ruled outBoC’s hawkish hold fails to support the Canadian dollar, as the broader U.S. dollar drives FX market dynamics Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Euro Forecast – EUR/USD on Bearish Path on US Exceptionalism, Key Levels AheadThe Canadian dollar was a touch softer on Wednesday despite Bank of Canada’s hawkish hold, as the broader…