Author: FX
Share: GBP/USD oscillates around 1.3070 ahead of the US Retail Sales data. Market participants anticipate the Bank of England (BoE) will hike its interest rates by 50 basis points (bps) in August. The US Dollar posts modest gains due to the softer Chinese growth numbers, upbeat US Empire manufacturing survey. The GBP/USD pair consolidates in a narrow range during the early Asian session on Tuesday as the market sentiment turns cautious ahead of the release of US Retail Sales and the UK Consumer Price Index (CPI). The major is trading around 1.3072, down 0.01% on the day. The…
Permianville Royalty Trust declares $0.0535 dividend Source link
Ready for another round of U.K. CPI data? Here’s what the upcoming release might mean for the BOE’s policy path and GBP price action. Event in Focus: U.K. Consumer Price Index (CPI) and inflation data for June 2023 When Will it Be Released: July 19, 2023 (Wednesday), 6:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI y/y: +8.2% y/y forecast vs. +8.7% y/y previous Core CPI y/y: +7.1% y/y forecast vs. +7.1% y/y previous PPI input m/m: +0.2% m/m forecast vs. -1.5% m/m previous PPI output m/m: -0.3% m/m…
S&P 500 FORECAST:S&P 500 begins the week on the front foot, supported by positive sentiment following encouraging results from banks last FridayThe focus this week will be on earnings from tech giants Netflix and TeslaThis article looks at key S&P 500’s technical levels to watch in the coming days and weeks Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Gold Recovery Runs Out of Fuel Ahead of US Retail Sales. What Now for XAU/USD?The S&P 500 traded slightly higher on Monday, supported by a positive mood following benign corporate results from major lending institutions before the weekend…
2/2 © Reuters. An armed ship sails next to Crimean bridge connecting the Russian mainland with the peninsula across the Kerch Strait, Crimea, July 17, 2023. REUTERS/Stringer 2/2 KYIV (Reuters) -Russia halted participation on Monday in the year-old U.N.-brokered deal that lets Ukraine export grain through the Black Sea, spreading fear in poorer countries that price rises will put food out of reach. Hours earlier, a blast knocked out Russia’s bridge to Crimea in what Moscow called a strike by Ukrainian sea drones, killing two people in what Moscow cast as a terrorist attack on the road bridge, a major artery for Russian…
The Kerch bridge was once again attacked today, this time likely by water-based drones. The automotive part of the bridge was damaged while the rail bridge was left intact. It’s a critical logistics transportation hub from Russia to Crimea to support the war. Two civilians were killed and their daughter was injured.Putin has made some comments:What happened to the bridge is a terroristic act by UkraineRussia will respondDefense Ministry is preparing proposals on an answer to the bridge attackIt’s unclear how long it will take to repair but it was attacked by Ukraine before and is a hated symbol of…
Share: USD/MXN ends a six-day losing streak, jumps 0.54%, driven by a risk-off market amid weak Chinese GDP and Retail Sales data. Despite Wall Street’s positive opening, concerns over China’s economic slowdown overshadow optimism; awaits key US and Mexico retail sales data. Potential rate cut by the Bank of Mexico in December 2023, coupled with the US Federal Reserve’s upcoming policy meeting, adds uncertainty to the USD/MXN. USD/MXN snaps six days of losses and climbs from around 7-year lows reached at 16.7062, amid a light economic calendar in Mexico and the United States (US) and a risk-off environment.…
Article by IG Chief Market Analyst Chris BeauchampUK Inflation AnalysisUK inflation is expected to slowThe latest figures from the Office for National Statistics (ONS) are expected to show that UK inflation is set to drop to its lowest level in over a year. In June, the rate of price growth is predicted to fall to 8.2%, down from 8.7% in May. This would be a reversal from previous expectations, as analysts had anticipated a decrease in the cost of living. However, it is worth noting that this figure is still higher than the Bank of England’s own forecast of 7.9%…
Torsten Asmus Major market averages opened trading mixed on Monday after the three major averages capped off last week with gains on favorable inflation data, while market participants look ahead to corporate earnings. The benchmark S&P 500 (SP500) was flat, the blue-chip Dow (DJI) fell 0.1%, and the tech-heavy Nasdaq Composite (NDX:IND) advanced by 0.3%. On the week, the Dow was up 2.3%, the best weekly gain in 4 months, Nasdaq rose 3.3% and the S&P 500 was up 2.4%. Treasury yields declined Monday after yields closed higher on Friday. Moreover, Morgan Stanley says that they expect yields to trend…
layer-2 scaling solution zkSync Era has launched a new Scalable Transparent Argument of Knowledge (STARK)-based proof system called Boojum that promises to run on consumer-grade general processing units (GPUs). ZkSync Era is one of a handful of Ethereum scaling protocols using zero-knowledge rollups (ZK-rollups) to increase capacity and speed while reducing fees. ZK-rollups mostly use two prominent proof systems: zk-STARKs and Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs).Continue Reading on Coin Telegraph Source link