Author: FX
<ul><li>Underlying inflation pressure has increased</li><li>Danger remains inflation could stay elevated</li><li>It is too early to sound the all clear</li><li style="" class="text-align-justify">SNB will sell forex in future if appropriate, will also buy to check excessive appreciation pressure</li></ul><p style="" class="text-align-justify">Some token remarks there by Jordan. For today's decision, it is all about the fact that they just hiked by 50 bps instead of 75 bps – which some quarters of the market hoped for.</p> This article was written by Justin Low at www.forexlive.com. Source link
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Gold Basin Resources terminates relationship with Discovery Group Source link
The FED, as expected, announced a 50 bp increase in the federal funds rate to place it in a target range of 4.25%-4.50% (the highest level in 15 years – since 2007). Powell pointed out that “We have more work to do” and that “there is a long way to go” expecting “continued increases”. The first is expected to be 25bp in February, which “will depend on incoming data” and from there the pace will be set taking into account “the cumulative tightening of monetary policy”. 17 of 19 members expect the terminal rate to be over 5.1% during 2023, and “there are…
US Dollar Index rebounds from six-month low, snaps two-day downtrend. Fed announced 50 bps rate increase, showed readiness to keep it higher for long. A reassessment of Fed’s rate bias seems favoring US Treasury yields and the greenback. Multiple central bank announcements, US Retail Sales eyed for fresh impulse. US Dollar Index (DXY) remains mildly bid around 104.00 as it prints the first daily gains in three during the early Thursday morning in Europe. In doing so, the greenback’s gauge versus the six major currencies traces the firmer US Treasury bond yields amid sluggish market sentiment. That said, the DXY…
Is the trend still our friend on these charts or are we about to see the bend at the end? Check out these channels on AUD/JPY and the S&P 500 index! AUD/JPY 4-hour Forex Chart This pair is already testing the very top of its descending channel on the 4-hour time frame! Will we see a bounce or a break this time? Technical indicators are pointing to a continuation of the slide on AUD/JPY, as the 100 SMA is below the 200 SMA while Stochastic has some room to head lower. This means that bearish pressure is still in play,…
iShares Biotechnology ETF declares $0.101 dividend Source link
The US Federal Reserve announced a 50 bp increase in the federal funds rate in line with market expectations to place it in a target range of 4.25%-4.50% (the highest level in 15 years – since 2007), mitigating the 7th and last increase of the year compared to the last four that were 75 bp, rising a total of 425 bp during 2022. The Fed does not plan to stop on its way to return inflation to its 2% target while maintaining maximum employment, which is why, during today’s statement, its chairman Jerome Powell pointed out that “We have more…
© Reuters. FILE PHOTO: Tesla Chief Executive Elon Musk speaks during the live-streamed unveiling of the Tesla Semi electric truck, in Nevada, U.S. December 1, 2022, in this still image taken from video. Tesla/Handout via REUTERS (Reuters) -Tesla Inc Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday. The latest sale, Musk’s second since his $44 billion purchase of Twitter in October, brings the total Tesla (NASDAQ:) stocks sold by the billionaire to nearly $40 billion over the past year. He now owns…
<p>Japanese media with the report (Jiji)</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link