Author: FX

imaginima/iStock via Getty Images The transformation of the U.S. power grid is underway, prompting Goldman Sachs to see several clear themes that represent investment opportunities in the utilities sector through clean technology, nuclear power, liquefied natural gas project additions, and transmission buildout. These “decarbonization enablers” are set to drive strong capital investment in the utilities sector (XLU), according to the Goldman analyst team led by Carly Davenport, which estimates 2023-27 capex across its coverage will exceed the capital spent during the prior five-year period by ~$93B, or 27%, largely driving rate base growth and contributing to a 6% five-year EPS…

© Reuters. FILE PHOTO: Former U.S. President Donald Trump visits an unfinished section of the wall along the U.S.-Mexico border in Pharr, Texas, June 30, 2021. REUTERS/Callaghan O’Hare By Jacqueline Thomsen (Reuters) – Here is a timeline of events that led to charges against former U.S. President Donald Trump and others over government records, some marked as highly sensitive, stored at Trump’s Mar-a-Lago estate in Florida after he left the White House in January 2021: Feb. 9, 2022: The National Archives and Records Administration asks the U.S. Justice Department to investigate Trump’s handling of government records, after Trump returned boxes…

Gold, XAU/USD, US Dollar, Jobless Claims, Technical Analysis – Asia-Pacific Briefing:Gold prices rallied on Thursday as the US Dollar weakenedUnexpected rise in US jobless claims dented Treasury yieldsXAU/USD Bullish Engulfing in focus as prices test support Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold Prices Benefit Amid a Softer US Dollar and Treasury YieldsGold prices rallied 1.3 percent on Thursday, marking the best single-day performance since May 2nd, which was over a month ago. The yellow metal’s ascent coincided with a softer US Dollar. The DXY Dollar Index sank -0.76 percent, which was the worst performance over the…

Heads up, dollar traders! We’ve got a fresh batch of U.S. CPI readings comin’ right up, so this might be your chance to catch big moves off USD pairs. Event in Focus: U.S. headline and core CPI readings for May 2023 When Will it Be Released: June 13, 2023 (Tuesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. headline consumer price index m/m: 0.2% forecast vs. 0.4% previous U.S. headline consumer price index y/y: 4.1% forecast vs. 4.9% previous U.S. core consumer price index m/m: 0.4% forecast vs. 0.4%…

A note via JP Morgan on the US banking crisis and its lack of spillover into Europe. I thought this was hashed out already? Maybe not. Anyway JPM says stresses due to the regional banking crisis in the US is unlikely to affect the Euro zoneEuropean banks haven’t yet experienced any major negative effects from the liquidity problem that hit the US, citing:Euro zone banks have “stickier deposits” Euro zone banks have smaller downside risk for “unrecognized market-to-market losses.”Euro area banks, while less profitable than banks in the US, score more highly “on several measures of solvency, liquidity and funding…

Share: GBP/USD rallies above 1.2500 as labor market data from the United States (US) keeps investors expecting a pause on the Federal Reserve (Fed) hiking cycle. The lack of economic data to be revealed in the UK, alongside traders betting for Bank of England’s (BoE) additional tightening, underpins the GBP/USD. The GBP/USD trades at 1.2550 after hitting a low of 1.2429. Read More… The GBP/USD pair is approaching the psychological resistance of 1.2500 in the European session. The Cable has been awarded strength as the US Dollar Index (DXY) has extended its downside journey. The USD Index has come under intense pressure as…

Edgio to cut 12% of its workforce to reduce cost Source link

2/2 © Reuters. FILE PHOTO: An area is uncovered by the lowering of the water level from the Magdalena river, the longest and most important river in Colombia, due to the lack of rain, in the city of Honda, January 14, 2016. REUTERS/John Vizcaino/File Photo 2/2 By Gloria Dickie LONDON (Reuters) -El Nino has officially returned and is likely to yield extreme weather later this year, from tropical cyclones spinning toward vulnerable Pacific islands to heavy rainfall in South America to drought in Australia and in some parts of Asia. After three years of the La Nina climate pattern, which…

SILVER PRICES FORECAST:Silver prices rally more than 3.5% after a subdued performance in the previous trading sessionThe precious metal’s gains can be attributed to U.S. dollar weakness and falling Treasury yieldsThis article looks at key XAG/USD’s technical levels worth watching in the coming days of clients are net long. of clients are net short. Change in Longs Shorts OI Daily -4% 22% 0% Weekly -6% 22% -2% Most Read: Gold Price Setup – Can Stretched Long Positioning in XAU/USD Trump Technicals?After a subdued performance on Wednesday, silver prices (XAG/USD) sprung back to life, rallying more than 3.5% to $24.37 an…

EURUSD dailyWatch out for some minor stops if the euro can get through 1.0779, which was the June 1 high.The US dollar continues to slide today as Treasury yields fall and on a weak initial jobless claims report. Tellingly, I’d begun to see some calls for euro slides this week and that’s often a sign that too much bearishness was priced in.See: Source link