Author: FX
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National Vision Holdings beats Q1 top and bottom line estimates; reaffirms FY23 outlook Source link
GOLD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free Gold Forecast Gold (XAU/USD) AND DOLLAR INDEX FUNDAMENTAL BACKDROPGold prices have somewhat stabilized following yesterday’s whipsaw price action. Gold came within a whisker of the psychological $2050 handle before a brisk selloff saw the precious metal end the day in the red.Gold prices have continued to retreat this morning as the Dollar Index (DXY) hit a fresh one-week high. Gold is precariously poised at the minute with growing uncertainty around a global recession keeping the precious metal supported. Gold seems unable to push convincingly above the $2050 level…
© Reuters. FILE PHOTO: U.S. and Chinese flags are seen in this illustration taken, January 30, 2023. REUTERS/Dado Ruvic/Illustration By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with its counterparts in the United States to promote audit regulatory cooperation and safeguard the rights and interests of global investors. The comment from the China Securities Regulatory Commission (CSRC) came a day after a U.S. accounting watchdog said that it found unacceptable deficiencies in audits of U.S.-listed Chinese companies. The deficiencies found by the U.S. watchdog during their first-time inspection of…
The BOE is up today! Will the central bank’s event extend EUR/GBP’s days-long downtrend? Or is it ready for a trip to higher areas of interest? EUR/GBP 15-min Forex Chart by TV In case you missed it, EUR/GBP has been in a downtrend since earlier this month when the pair got rejected at the .8830 levels. One possible reason is that traders don’t see the European Central Bank (ECB) having much more room for further interest rate hikes despite the members’ conviction to fight high inflation. Meanwhile, stubbornly high inflation in the U.K. combined with still okay-ish employment numbers are…
Meeting-by-meeting approach is the right path for the ECBNothing is off the table in the September meetingWe’re moving closer to restrictive territory but not there yetNeed at least a year-and-a-half to see core inflation closer to 2%This just rebuffs the narrative after the ECB meeting last week but for now, markets are expecting at least one more rate hike in June and possibly one more in July. We’ll see how that changes in the months ahead, keeping in view inflation and economic developments. Source link
Share: Further decline lies ahead for EUR/USD once 1.0920 is cleared, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB. Key Quotes 24-hour view: “Yesterday, we held the view that ‘there is scope for EUR to drop to 1.0920 before stabilization is likely’. However, EUR traded in a quiet manner until NY time when it swung between 1.0940 and 1.1006 before settling at 1.0980 (+0.18%). The price actions appear to be part of a consolidation phase. In other words, we expect EUR to trade sideways today, likely in a range of 1.0950/1.1005.”…
AUD/USD has been pacing back and forth inside its range since March, but it seems to be considering a breakout soon. As you can see from the 4-hour chart below, the pair has been hovering around the resistance at the .6800 handle for quite some time. Now this marks its fourth attempt to bust through the ceiling in the past couple of months. Will it finally succeed this time? AUD/USD 4-hour Forex Chart by TV If it does sustain a bullish break, price might be in for a rally that’s at least the same height as the range pattern. That’d…
MF3d American Lithium (NASDAQ:AMLI) said Wednesday it received authorization from authorities in Peru to carry out additional explorations near its current lithium project. The company said the new exploration will allow it to expand its existing resources in the southern Puno region bordering Bolivia. The chief executive of American Lithium’s Peruvian subsidiary told an industry event that the company received authorization last Friday to develop exploration activities in the Quelcaya area, located a few kilometers from the current Falchani project. American Lithium (AMLI) shares closed +6.2% in Wednesday’s trading at $2.21, the best close in three weeks. More on American…
5/5 © Reuters. Feihe milk powders are displayed on shelves in a store in Shanghai, China, April 3, 2023. REUTERS/Aly Song 2/5 By Farah Master HONG KONG (Reuters) – For many of China’s manufacturers of baby and children’s products, painful reverberations from last year’s historic decline in the country’s population are already upon them. Domestic sales are shrinking and the scramble is on to develop new streams of revenue, whether that be diversifying into products for adults or boosting offerings in overseas markets with younger populations like Southeast Asia and India. Hong Kong-listed Health and Happiness (H&H), which gains nearly…