Author: FX
© Reuters. FILE PHOTO: Former U.S. President and Republican presidential candidate Donald Trump speaks at a campaign event in Council Bluffs, Iowa, U.S., July 7, 2023. REUTERS/Scott Morgan/File Photo By Sarah N. Lynch WASHINGTON (Reuters) – Former President Donald Trump’s attorneys on Tuesday asked the judge in his trial on charges of trying to overturn the 2020 election to delay scheduling a court hearing that will help determine how evidence can be used and shared in the case. Trump’s attorneys and U.S. Special Counsel Jack Smith’s team clashed in a joint court filing over a hearing date before U.S. District…
USD/JPY Analysis, Chart, and PriceUSD/JPY closes in on June PeaksWeaker Chinese trade data has given the Dollar a liftJapanese demand weakness also knocked the Yen Recommended by David Cottle Download our Free Q3 Japanese Yen Forecast The Japanese Yen fell further against the United States Dollar on Tuesday, chiefly thanks to a new run of general Dollar strength. But it was also weakened by domestic Japanese numbers.The Asian session was dominated by Chinese trade data which showed surprise falls in both exports and imports last month. The numbers added to a picture of a Chinese economy still firmly in the…
We’re about to see Uncle Sam’s July inflation data! Are consumer prices decelerating quickly enough to discourage more rate hikes from the Fed? Here are points you need to know if you’re trading Wednesday’s event: Event in Focus: U.S. headline and core CPI readings for July 2023 When Will it Be Released: August 10, 2023 (Thursday), 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: maintain June’s 0.2% growth U.S. headline consumer price index y/y: 3.3% forecast vs. 3.0% previous U.S. core consumer price index…
USDCAD 10 minsUSD/CAD has given back gains on broad Canadian dollar strength, thanks to a big rebound in oil prices.The pair is trading at 1.3435 from a high of 1.3501 just a few hours ago. Data from Canada today was soft but trading in the loonie has been about weak Chinese trade data more than the domestic numbers. More recently, the rebound tracks a big bounce in WTI crude to $81.97 from a low of $79.90.The $2 bounce in crude isn’t getting much help from broader markets or sentiment. The S&P 500 remains near the lows of the day, down…
Share: Gold price declined by just shy of 1% last week. Economists at Commerzbank analyze the yellow metal’s outlook ahead of the US inflation report. Focus on US inflation figures The focus is now turning to the US inflation figures that are due to be published on Thursday. We expect the price pressure to have eased further in July. This underlines our assumption that interest rates have peaked. For Gold to begin climbing again, the market’s remaining rate hike expectations need to disappear. We expect this to happen during the course of the fourth quarter. We, therefore, believe…
Bitcoin (BTC) Prices, Charts, and Analysis:Data shows Bitcoin volatility is extremely lowAttention remains on the SEC and their views on cash Bitcoin ETFs.PayPal launching a US dollar-backed stablecoin. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Bitcoin continues to show little sign of life with the cash price stuck in a narrow range over the last 10 weeks. Volatility is at a multi-month low with analysts at Bitcoin on-chain data specialists Glassnode pointing out that ‘The 30-day price range is even more extreme, constricting price to…
Sensus Healthcare announces $3M buyback Source link
© Reuters. FILE PHOTO: A headline for a story on the health of U.S. President Joe Biden is displayed at the Fox News headquarters in New York City, U.S. March 4, 2023. REUTERS/Chris Helgren/File Photo (Reuters) -Fox Corp posted fourth-quarter revenue in-line with Wall Street estimates, as the broadcaster benefited from an industry-wide uptick in advertising. Companies that had cut back on their marketing budgets are looking to advertise again, bolstered by hopes of improving consumer sentiment as inflation has begun to cool. The company reported revenue of $3.03 billion, in-line with market estimates. Net income attributable to stockholders stood…
Last week, the NFP missed expectations for a second time in a row and the previous numbers were all revised lower. This was seen as a disappointment as the labour market seems to be a touch weaker than previously expected. Nevertheless, the unemployment rate fell once again and lessened the disappointment from the miss in the payrolls number. The worse part for the Fed is that the average hourly earnings beat expectations, and such high wage growth is not consistent with a sustainable return to the 2% target. It’s worth reminding though, that the Fed will see another NFP report…
Share: Gold price prints a fresh intraday low amid caution ahead of US Inflation data. A tight labor market and high inflation could force the Fed to lift interest rates further. Fed Williams seems confident that the central bank would consider a rate cut in early 2024. Gold price (XAU/USD) refreshes its intraday low around $1,930.00 as concerns over Thursday’s Consumer Price Index (CPI) data dampen its appeal. The precious metal comes under severe pressure amid strength in the US Dollar as investors hope that the United States inflation could turn out persistent due to sustained wage growth…