Author: FX
MON: N/ATUE: PBoC MLF, RBA Minutes, Japanese Prelim. GDP (Q2), Australian Wage Price Index (Q2), Chinese Industrial Output and Retail Sales (Jul), Japanese Industrial Output (Jul), UK Jobs Report (Jun/Jul), German ZEW Survey (Aug), US Retail Sales (Jul), Canadian CPI (Jul)WED: RBNZ Announcement, FOMC Minutes, UK Inflation (Jul), EZ GDP and Employment 2nd (Q2)THU: Norges Bank Announcement, Australian Jobs Report (Jul), EZ Trade Balance (Jun), US Philly Fed (Aug)FRI: Japanese CPI (Jul), UK Retail Sales (Jul), EZ Final CPI (Jul)NOTE: Previews are listed in day orderPBoC MLF (Tue): PBoC is likely to keep its 1-year MLF rate unchanged at 2.65%…
© Reuters. FILE PHOTO: Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer/File Photo By Mrinmay Dey (Reuters) -Nikola said on Friday it was recalling all the battery-powered electric trucks that it has delivered till date and is suspending sales after an investigation into recent fires found a coolant leak inside a battery pack as the cause. There are a total of 209 battery-powered electric trucks in the marketplace between dealers and customers and the company is recalling those vehicles and is in the process of contacting all parties,…
kodda/iStock via Getty Images The 4th U.S. Circuit Court of Appeals sided with lawyers from Mountain Valley Pipeline on Friday, dismissing challenges to construction permits for the project by environmental groups. The U.S. Supreme Court last month allowed construction to resume after the 4th Circuit had halted work on MVP, even after Congress ordered the project’s approval as part of D.C. legislation to increase the debt ceiling. “Armed with this new legislation enacted specifically in their favor, Respondents – the federal agencies and the Mountain Valley Pipeline – moved in this Court for the dismissal of the petitions,” appeals judge…
Crown Point Energy GAAP EPS of -$0.03 Source link
Share: US Producer Price Index (PPI) surpasses estimates, bolstering the US Dollar as Treasury yields soar. Reserve Bank of New Zealand (RBNZ) is expected to maintain rates at 5.50%, adding pressure on the NZD. NZD/USD’s future hinges on US economic data and potential RBNZ rate surprises; 0.5900 level in sight. NZD/USD plunges below 0.6000, set to finish the week with losses of 1.86% after inflation data in the United States (US), although mixed, weighed on the NZD/USD pair. Furthermore, the Reserve Bank of New Zealand (RBNZ) adopting a dovish stance was the last nail in the coffin for…
© Reuters. Company logos are displayed at Wynn Macau resort in Macau, China February 8, 2018. REUTERS/Bobby Yip/file photo (Reuters) – Wynn Resorts (NASDAQ:) is winding down its online sports betting and iGaming platform, WynnBET, in certain U.S. states due to a lack of clear rules and higher customer acquisition costs, the casino operator said on Friday. The company said it was ceasing operations in Arizona, Colorado, Indiana, Louisiana, New Jersey, Tennessee, Virginia, and West Virginia. The decision to pull out of West Virginia comes a couple of months after it launched WynnBet in the state. Wynn, however, said operations…
Share: The EUR/JPY traded in the red below the 159.00 area after five consecutive days of gains. The cross closed Friday with 1.65% weekly gains, trading in highs since 2008. Focus shifts to the Eurozone and Japan’s GDP for Q2, which will be released the following week. In Friday’s session, the EUR/JPY traded with losses, closed negative below the 159.00 area, and corrected after five consecutive days of gains. On the Euro’s side, France’s Consumer Price Index (CPI) figures slightly surprised to the upside but failed to significantly impact the pair, while no relevant reports featured on the…
Forex market players zoned in on Chinese data and U.S. inflation figures this week as these tend to strongly affect monetary policy expectations and sentiment. These reports signaled potential slowing inflation and growth conditions on net, spurring traders to balance narratives like calls for additional stimulus from China, a peak in the Fed rate hike cycle, as well as mixed Fed speak throughout the week. Missed the major forex headlines? Here’s what you need to know from last week’s FX action: USD Pairs Overlay of USD vs. Major Currencies Chart by TV Despite jitters ahead of the July U.S. CPI release,…
Share: The pair trades green for a fifth consecutive day, around the critical 145.00 zone. The USD continues to strengthen after higher-than-expected US PPI data from July. Investors continue to bet on a less aggressive stance by the BoJ causing the Yen to lose interest. On the last day of the week, the USD/JPY rose near the 145.00 zone, showing more than 2% of weekly gains. This movement was driven by a vital Producer Price Index (PPI) from the US for July and optimistic personal consumer confidence data released by the University of Michigan (UoM). The US treasury…
Share: Late in the New York session, the Pound Sterling (GBP) continued to hold its ground against the US Dollar (USD) after UK’s economy grew more than expected, despite US elevated inflation on the producer side. Hence, the GBP/USD trades at 1.2697, gaining 0.16%. Read More… The Pound Sterling (GBP) seems to be grabbing a Currency of the Week tag as the United Kingdom’s factory data for June and the April-June Gross Domestic Product (GDP) grew stronger than expectations. The GBP/USD pair fails to maintain recovery as market sentiment turns sour on stronger-than-anticipated United States Producer Price Index (PPI) data. Read…