Author: FX
Market Recap Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Market sentiments continue to reel in from the hawkish takeaway in the recent FOMC minutes, with the reckoning for rates to be kept high for longer pushing US Treasury yields to retest their recent highs. The US two-year yields continue to hover just below the 5% mark, while the 10-year yields briefly touches its October 2022 peak overnight. Any successful upmove in the 10-year yields above its October 2022 peak will point to a new 15-year…
Gold, XAU/USD, US Dollar, DXY Index, China, Yuan, Treasury Yields, GVZ – Talking PointsThe gold price struggles continue with the US Dollar regaining the ascendencyTreasury yields are on the march higher with the source of selling pressure on watchVolatility is inching higher off a low base. If it spikes, will that send XAU/USD lower? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The gold price is under the pump again going into Friday’s trading session with the US Dollar continuing to be underpinned by rising Treasury…
JHVEPhoto Instacart (ICART) is planning an initial public offering for the grocery-delivery service as soon as September. The grocery-delivery firm may publicly file for an IPO with the Securities and Exchange Commission as soon as next week, according to a Bloomberg report, that cited people familiar with the matter. Instacart is expected to file for a traditional IPO on the Nasdaq. Last May, Instacart (ICART) said it confidentially filed a draft document for an IPO of the grocery delivery company. Instacart (ICART) has slashed its internal valuation to around $10 billion, down 20% from the size it estimated in October…
© Reuters. FILE PHOTO: Taiwan’s Vice President William Lai speaks to the media upon arrival at Taoyuan International Airport as he returns from a trip to the United States and Paraguay, in Taoyuan, Taiwan August 18, 2023. REUTERS/Carlos Garcia Rawlins/File Photo By Fabian Hamacher TAOYUAN, Taiwan (Reuters) -Taiwan Vice President William Lai returned on Friday from a sensitive visit to the United States, thanking the Taiwanese people for supporting a trip he said showed the island’s “self confidence” venturing into the international community. “Because of everyone’s hard work, Taiwan’s power is stronger and stronger, and it showed the international community…
From a UBS note, in summary. Analysts at the Gloabl Wealth management arm do not expect recent price falls to persist, in light of the oil market’s firming fundamentals: We expect global oil demand to hit a record high in August. Unlike in other commodities markets, we think global oil demand has never been healthier. Chinese demand has hit a record high this year, in spite of recent economic releases. Oil inventories are declining, tightening the market. While OECD commercial stocks had been rising year-over-year as a result of oil releases from strategic inventories, we see signs that they may…
Share: GBP/JPY continues to trade in cycle highs near the 186.30 area. GBP continues to trade strong against its rivals due to hawkish bets on the BoE. Japanese weak economic data reinforces the Bank of Japan’s (BoJ) dovish stance. On Thursday, the GBP/JPY fell below 186.00 as investors seemed to be taking profits after eight straight days of gains. On the one hand, the Pound gains interest in hawkish bets on the Bank of England (BoE), while the Bank of Japan’s (BoJ) extremely dovish stance continues to pressure the JPY. Eyes on Japanese inflation figures from July to…
Starbreeze AB GAAP EPS of SEK 0.03, revenue of SEK 43.2M Source link
Gold (XAU/USD) Analysis and ChartGold prices have ticked up despite higher Treasury yieldsThey remain heavy though after three days of declinesThe $1900 level is in play and its fate will probably be key Recommended by David Cottle How to Trade Gold Gold Prices recovered a little on Thursday following three days of falls this week, but the market remains beset by relentless rises in high-quality bond yields, notably in the United States but also elsewhere, as markets move to price in higher interest rates for longer.The previous session saw the release of minutes from the US Federal Reserve’s July monetary…
© Reuters. FILE PHOTO: A staff member wearing a face mask walks past United States and Chinese flags set up before a meeting between Treasury Secretary Janet Yellen and Chinese Vice Premier He Lifeng at the Diaoyutai State Guesthouse in Beijing, China, Saturday, Jul By Nichola Groom (Reuters) – Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington’s effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources. Until now, enforcement of a year-old U.S. law that bans the…
EUR/USD PRICE FORECAST:Your Free Guide to the EURO for the Rest of Q3 Below Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: USD/JPY, EUR/JPY Update: A Temporary Pause Before Bullish Continuation?EUR/USD put in impressive gains early in the US session before a return of Dollar strength saw the pair surrender the 1.0900 handle once more to trade at 1.0872 at the time of writing.US DATAUS data this afternoon showed that initial jobless claims declined by only 11k and came in at 239k following a revised print of 250k last week. The Philly Manufacturing Business Outlook smashed estimates…