Author: FX
EUR/GBP gains traction for the second straight day and hits its highest level since mid-November. A downward revision of the UK GDP print undermines the GBP and extends support to the cross. A more hawkish stance adopted by the ECB supports prospects for a further appreciating move. The EUR/GBP cross builds on the previous day’s strong move up and climbs to the 0.0.8800 neighbourhood, or its highest level since mid-November during the early European session on Thursday. The British Pound continues with its relative underperformance in the wake of a dovish outcome from the Bank of England meeting last week,…
Zenvia announces pact with SenseData to extend payments Source link
5/5 © Reuters. Ukraine’s President Volodymyr Zelenskiy addresses a joint meeting of the U.S. Congress in the House Chamber of the U.S. Capitol in Washington, U.S., December 21, 2022. REUTERS/Jonathan Ernst 2/5 By Steve Holland and Pavel Polityuk WASHINGTON/KYIV (Reuters) – President Volodymyr Zelenskiy told the U.S. Congress that aid to Ukraine was an investment in democracy and “not charity” as he invoked American battles against the Nazis in World War Two to press for more assistance for his country’s war effort. Zelenskiy’s comments on Wednesday come as Republicans – some of whom have voiced increasing scepticism about sending so…
This post is a double-up – it appears to me the initial post was gobbled up by a tech gremlin, but if you have seen it already please disregard – this is a duplicate. –The Reserve Bank of Australia has been raising rates in Australia. While arguing that inflation is being pushed by supply disruption and capacity constraints the Bank recognises there is not much they can do about these factors.But that they can try to slow demand.It looks like they are impacting.Via ANZ here in Australia:Australia’s spending slowdown has begun.Total ANZ-observed spending from 20 Nov – 18 Dec was…
USD/INR reverses from one-week high, snaps two-day uptrend. RBI Minutes defy hopes of pause in rate hikes amid inflation woes. Mixed US data, BOJ’s second unscheduled bond operation weighs on US Dollar. US Q3 GDP, PCE details will be important for immediate directions. USD/INR retreats from the weekly top, taking offers to refresh the intraday low near 82.77 during early Thursday, as the US Dollar reverses the previous day’s recovery amid mixed catalysts. Also adding strength to the Indian Rupee (INR) are the recently firmer Indian Treasury bond yields after the Reserve Bank of India’s (RBI) hawkish comments in the…
5/5 © Reuters. Ukraine’s President Volodymyr Zelenskiy visits Ukrainian service members at their position in the frontline town of Bakhmut, amid Russia’s attack on Ukraine, in Donetsk region, Ukraine December 20, 2022. Ukrainian Presidential Press Service/Handout via RE 2/5 By Steve Holland and Pavel Polityuk WASHINGTON/KYIV (Reuters) -President Volodymyr Zelenskiy, on his first wartime foreign visit, used an address to the U.S. Congress on Wednesday to warn that the Ukraine war will shape the world for generations and no country can hope to be safe if it stands aside. Seeking more U.S. support for Kyiv’s war effort, Zelenskiy, wearing his…
The Japanese government has rasied its Fiscal Year 2023 GDP growth forecast to 1.5%, citing higher wages, higher business investment from the 1.1% forecast last time around in JulyFor FY 2022 it’s a cut to 1.7%As for inflation, the overall CPI forecast for FY 2023 is 1.7% —Japan’s 2023 fiscal year begins on April 1. ADVERTISEMENT – CONTINUE READING BELOW Source link
EUR/USD dribbles inside a tight trading range surrounding 1.0600, picks up bids of late. Mixed comments from ECB officials, firmer US data teased bears the previous day. Optimism surrounding Germany recently helped buyers amid sluggish session. Final readings of US Q3 GDP, PCE details eyed for clear directions. EUR/USD makes rounds to 1.0600 during early Thursday, defending the weekly trading range of 90 pips, as traders await the US data for fresh impulse. In addition to the pre-data anxiety, the major currency pair’s latest inaction could be linked to the mixed catalysts from Eurozone and the US, not to forget…
Australian Dollar, AUD/USD, S&P 500, Early US Earnings, Sentiment – Asia Pacific Market Open Recommended by Daniel Dubrovsky How to Trade AUD/USD Asia-Pacific Market Briefing – Nike, FedEx Earnings, Consumer ConfidenceThe sentiment-linked Australian Dollar outperformed its major counterparts on Wednesday, benefiting from the cautious improvement in risk appetite. On Wall Street, the S&P 500, Dow Jones and Nasdaq 100 gained 1.49%, 1.6% and 1.54%, respectively. Meanwhile, the VIX market ‘fear gauge’ plunged to its lowest since late November. This is in line with fading volatility that tends to occur into the Christmas holiday.There were a couple of fundamental factors in…
Bolstered well-received quarterly updates from a couple of high-profile companies, stocks ended solidly in the green on Wednesday, with the S&P 500 rising 1.5%. The advance followed factional gains the day before, as Wall Street looks to regain its footing after the recent Federal Reserve-inspired decline. Earnings from Nike (NYSE:NKE) helped drive the rally. The stock posted a double-digit percentage gain following the release of Street-beating results. Caterpillar (CAT) was another big name that participated in Wednesday’s upswing. Shares built on the upward momentum it has experienced over the past two months, allowing the stock to set a new 52-week…