Author: FX
Share: German IFO Business Climate Index continued to decline in June. EUR/USD clings to small daily gains near 1.0900 early Monday. The headline German IFO Business Climate Index fell to 88.4 in June from 91.5 in May (revised from 91.7). This reading came in weaker than the market expectation of 90.7. Meanwhile, the Current Economic Assessment Index edged lower to 93.7 from 94.8 but arrived higher than the market expectation of 93.5. Finally, the Expectations Index – indicating firms’ projections for the next six months, declined to 83.6 from 88.3. Market reaction EUR/USD showed no immediate reaction to this report…
Both the U.S. and Canada have inflation updates coming up this week, so I’m looking at this ongoing trend on USD/CAD. Can we see a quick countertrend move before the big reports are printed, though? The pair is currently cruising lower inside a falling channel on its hourly time frame and appears to be setting its sights back on the floor. USD/CAD 1-hour Forex Chart by TV Now the bottom of the channel lines up with S1 (1.3120), so buyers might be keen on defending support, which is right around last week’s lows, too. Stochastic is indicating oversold conditions or…
Scienjoy Non-GAAP EPS of $0.02, revenue of $44.3M; initiates Q2 guidance Source link
Creditors of bankrupt cryptocurrency lending platform Celsius Network have alleged that crypto market maker Wintermute assisted Celsius executives in manipulating the price of Celsius (CEL) through improper market trading. According to a June 23 Bloomberg report, which cited a recent court filing, Celsius creditors have recently amended their lawsuit in the United States District Court for the District of New Jersey to allege that Celsius executives engaged Wintermute to take part in wash trading.The June 19 court filing. Source: assets.bwbx.ioThe June 19 court filing. Source: assets.bwbx.ioContinue Reading on Coin Telegraph Source link
These are the European Central Bank speakers I have listed for Monday, 26 June 2023:1730 GMT/1330 US Eastern time: Bank of Spain’s governor Pablo Hernández de Cos attends the 2023 ECB Forum on Central Banking “Macroeconomic stabilization in a volatile inflation environment”Also at 1730 GMT/1330 US Eastern time: Welcome remarks by the President of the European Central Bank Christine Lagarde at the opening reception of ECB Forum on Central Banking in SintraDo be on guard for comments from other ECB members though, they tend to pop up announced.Villeroy tends to pop up each day. Source link
Share: USD/CAD takes offers to reverse the previous day’s corrective bounce off the lowest level since September 2022. WTI crude oil fails to cheer risk-positive headlines surrounding China, supply fears from Russia. US Dollar Index retreats after positing the first weekly gain in four amid market’s consolidation amid light calendar. Inflation clues from Canada, US will be important to watch for clear directions. USD/CAD clings to mild losses around 1.3160 while reversing the previous day’s corrective bounce off the nine-month low during early Monday. In doing so, the Loonie pair ignores downbeat Oil prices while cheering the US…
Token issuers in Japan no longer have to pay corporate taxes on unrealized cryptocurrency gains, according to a law revision by the National Tax Agency on June 20. The tax exemption goes into effect nearly six months after the Japanese government approved a proposal eliminating the requirement for crypto firms to pay taxes on paper gains on tokens they issued and held. Law Interpretation Notification: Partial Revision of Corporate Tax. Source: National Tax AgencyContinue Reading on Coin Telegraph Source link
sankai/E+ via Getty Images Semiconductor maker Wolfspeed Inc. (NYSE:WOLF) is receiving as much as $2 billion in debt financing for its U.S. expansion from a group of lenders led by private equity firm Apollo Global (APO). The financing includes $1.25 billion in cash immediately available to Wolfspeed (WOLF), with another $750 million that can be drawn later, according to a Bloomberg report on Sunday, which cited a statement. News of the financing was first reported by The Information. The debt financing comes after Wolfspeed’s (WOLF) Chief Financial Officer said during the company’s Q3 earnings conference call in late April that…
I posted over the weekend on China’s continued stalling economic recovery:A little more now from around the weekend news:China scheduled domestic flights have given back the early May gains and are back to Apr 11-17 levels. Scheduled domestic flights were -0.9% w/w for June 13- 20 week.The outlook for the next 4 weeks is for a higher number of scheduled flights, but still not back to April levels. As for road traffic, data shows that traffic numbers in the 10 of the top 15 cities are now up y/y. I haven’t seen the numbers compared with pre-covid 2019 though. –The…
2/2 © Reuters. A man walks past election banner of Leftist Syriza party leader Alexis Tsipras ahead of the general election on Sunday, in Athens, Greece, June 24, 2023. REUTERS/Stoyan Nenov 2/2 By Renee Maltezou and Lefteris Papadimas ATHENS (Reuters) -Greece’s conservative New Democracy party held a commanding lead in Sunday’s parliamentary election, an exit poll showed, with former Prime Minister Kyriakos Mitsotakis set to clinch a second term in office. New Democracy was leading with 40-44% of the vote, with the leftist Syriza trailing at 16.1-19.1%, the exit poll conducted jointly by six polling companies for Greek TV stations…