Author: FX
kodda Montana must take further efforts to protect the state and its residents from climate change, a state district judge ruled Monday in a historic decision for youth climate plaintiffs that cited a state constitutional right to a clean environment. The ruling invalidated a pair of Montana laws prohibiting state agencies from considering the effects of greenhouse gas emissions in policy decisions; it did not describe specific steps for the state to take, but it opens the door for officials to consider climate impacts in future policy decisions, including on energy and mining projects, or efficiency and emissions standards. Montana’s…
Insightful comments via Mizuho on what to expect from the Reserve Bank of Australia August meeting minutes due at 11.30am Sydney time here in Australia on 15 August 2023 0130 GMT and 9.30pm (Monday evening) US Eastern timeThe RBA’s recent Statement On Monetary Policy (quarterly publication) displayed a sense of narrowing policy space.First, inflation forecast was upgraded with estimates for June 2025 ticking up to 3.1% from 3.0% in May’s publication despite actual Q2 inflation outturns clearly coming in below estimates. Second, growth forecast trajectory was downgraded over the forecast horizon from H2 2023 to H1 2025 and comes in…
Share: AUD/USD struggles to defend the bounce off YTD low despite probing five-day losing streak ahead of multiple data/events. Fears surrounding China, firmer US Treasury bond yields weigh on Aussie pair. RBA Minutes need to defend hawkish interest to recall AUD/USD buyers. China Industrial Production, Retail Sales will be eyed closely amid economic woes, US consumer-centric data will also offer fresh impulse. AUD/USD aptly portrays the market’s indecision ahead of a slew of top-tier data/events as it struggles to defend the late Monday’s corrective bounce off the Year-To-Date (YTD) low near 0.6490 during the early hours of Tuesday’s…
NightHawk Biosciences GAAP EPS of -$0.53 misses by $0.08, revenue of $0.7M misses by $0.2M Source link
© Reuters. U.S. President Joe Biden waves as he steps from Marine One upon his return from Delaware to the White House in Washington, U.S., August 14, 2023. REUTERS/Kevin Lamarque WASHINGTON (Reuters) -U.S. President Joe Biden on Monday called for union auto workers and Detroit’s Big Three automakers to come together on a new agreement before their contacts expire next month. “I’m asking all sides to work together to forge a fair agreement,” Biden said in a statement as talks continue between the United Auto Workers (UAW) and Ford, General Motors (NYSE:) and Stellantis’ Chrysler brand. “As we move forward…
GBPUSD bounces off 100 day MAThe GBPUSD moved to a session of 1.2615. That was within 3.5 pips of its rising 100-day moving average at 1.26115. Support buyers leaned against the level along with a swing area between 1.25987 and 1.26798. The price has bounced sharply and currently trades just below the 1.2700 level. With the 100-day MA holding and the price back above the high of the swing area, the threat is the buyers are back in control. Watch the 1.2679 level for close support now. If it can, that would be a bullish clue – at least in…
Japanese Yen (USD/JPY) Analysis and ChartsUSD/JPY Posts new 2023 high as risk aversion, yield differentials boost the DollarKey 145 region now in playThe Bank of Japan bought Yen above this point in 2022Learn How to Trade USD/JPY Below Recommended by David Cottle How to Trade USD/JPY The Japanese Yen weakened further against the United States Dollar as a new trading week kicked off on Monday, taking USD/JPY into a region that saw ‘intervention’ action from the Bank of Japan to curb Yen weakness back in 2022.The pair charged back above the psychologically important 145.00 handle, posting a new high for…
Kicking off the new week with a simple downtrend setup on NZD/USD! Risk sentiment is leaning negative to early, prompting early broad USD strength. Will major catalysts ahead from both the U.S. and New Zealand keep the trend going or mark the short-term bottom? NZD/USD 1-hour Forex Chart by TV In our latest Event Guide, we covered the upcoming interest rate statement from the Reserve Bank of New Zealand. Market expectations are for the RBNZ to hold interest rates at 5.50%, but there is some uncertainty on the actual statement. Forex traders are on the look out for what rhetoric…
Share: China’s property crisis and weak recovery data amplify global risk aversion, favoring the US Dollar. US 10-year Treasury bond yield at 4.172%, with the DXY index gaining 0.18%, pressuring the NZD/USD. RBNZ will likely maintain a 5.50% rate, as Kiwibank analysts predict a hold until inflation targets are met. NZD/USD posts modest gains in the North American session amid a risk aversion spurred by China’s real estate woes triggering a flight to safe-haven assets and bolstering the Greenback, which remains underpinned by high UST bond yields. The NZD/USD is trading at 0.5985, up 0.07%, after reaching a…
GBP PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast Read More: EUR/USD Eyes Short-Term Retracement as DXY Runs Into Confluence AreaGBP has struggled over the past few weeks since retreating from recent highs. The GBPUSD and EURGBP have remained rangebound as market participants remain unclear on the Bank of England’s (BoE) path moving forward.UK DATA AHEAD COULD PROVE PIVOTAL FOR THE GBPLast week saw the UK economy deliver upbeat data in the form of GDP which beat estimates and once more underlined the strength of the economy. The Bank of England for its part has…