Author: FX
Looking to go with the flow or hoping to catch a reversal? Either way I’ve got you covered with these setups on WTI crude oil and GBP/NZD! Better keep close tabs on these inflection points: GBP/NZD 1-hour Forex Chart Heads up for a reversal on this one! GBP/NZD made a couple of failed attempts to bust through the 1.9100 mark, creating a double bottom on its hourly time frame. The pair seems to be setting its sights back on the neckline resistance at the 1.9350 minor psychological level, and a break higher could spur an uptrend that’s the same height…
New Fortress Energy declares $3.00 dividend, revises dividend policy Source link
BlackRock expect hikes this week from the Fed, ECB and BoE and then more to come:Getting inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money.…
Gold price picks up bids to consolidate the biggest daily loss in a week. Rising wedge confirmation, hawkish Fed bets challenge XAU/USD buyers despite US Dollar’s retreat. US CPI for November bears downbeat forecasts but Core CPI signals firmer outcomes and can challenge Gold buyers. Gold price (XAU/USD) retreats from intraday high as bulls battle with the key support-turned-resistance below $1,800 during early Tuesday morning in Europe. In doing so, the yellow metal cheers the broad pullback in the US Dollar ahead of the key US Consumer Price Index (CPI) for November. Also fueling the quote could be the market’s…
© Reuters. FILE PHOTO: Peru’s President Dina Boluarte attends a ceremony to commemorate the Day of the Peruvian Army and the anniversary of the Battle of Ayacucho, in Lima, Peru December 9, 2022. Peru’s Presidency/Handout via REUTERS By Marco Aquino LIMA (Reuters) – Peru’s new president offered lawmakers a plan to bring elections forward by two years on Monday, after the ouster of her predecessor last week sparked protests that have left at least six dead. President Dina Boluarte, previously the vice president, was sworn in last week after former President Pedro Castillo was removed by Congress and arrested for…
Robert Way/iStock Editorial via Getty Images Chinese EV maker Zeekr, a unit of auto giant Geely, has reportedly filed confidentially for a US initial public offering that could seek to raise over $1B. The IPO filing comes as Zeekr prepares to enter the European EV market. The Geely unit was reportedly valued at around $9B during a funding round last year, according to Reuters, who cited unnamed sources close to the matter. Zeekr would be the latest Chinese EV maker to list on the US market, joining NIO (NIO), Li Auto (LI), BYD (OTCPK:BYDDF) and Xpeng (XPEV). US-based Telsa (TSLA)…
JP Morgan with the bait-type headline:(ps that link has details of the timing and expectations for the CPI data)Goldman Sachs are a little more restrained, they see gains for the S&P of above 3% if the US CPI comes in under 7%.More:a reading 7 to 7.3% would see 2 to 3% added to the S&P500from 7.4 to 7.7 sees the S&P drop 1 to 2%above 7.7% sees losses of more than 3%Goldman Sachs are wary of a big bounce for the S&P citing a lessening of the extreme bearish position that existed during the fall. This has meaningfully unwound in…
S&P 500 Talking Points: Recommended by James Stanley Get Your Free Equities Forecast Tomorrow brings the release of CPI data for the month of November and throughout this year, CPI has been a major driver for stocks. Earlier in the year as CPI was climbing, stocks were vulnerable as markets started to price in more and more rate hikes out of the FOMC. This took a toll on equities, with the S&P down at one point by more than 27% this year.That low in the S&P printed on October 13th, which was another CPI print, with a brutal initial reaction…
MamaMancini's GAAP EPS of $0.03 beats by $0.04, revenue of $25.7M beats by $2.8M Source link
© Reuters. FILE PHOTO: A general view of the U.S. Supreme Court building in the rain the day before the start of the court’s new term in Washington, U.S. October 2, 2022. REUTERS/Jonathan Ernst (Reuters) – The U.S. Supreme Court on Monday cleared the way for California to enforce a voter-approved ban in America’s most-populous state on flavored tobacco products, rejecting R.J. Reynolds Tobacco Company’s bid to block it on the grounds that the policy conflicted with federal law. The justices denied the emergency request by R.J. Reynolds, a unit of British American Tobacco (NYSE:), and other plaintiffs to put…