Author: FX
Share: NZD/USD remains under some selling pressure for the second straight day on Monday. The mixed Chinse macro data does little to provide any meaningful impetus to the pair. Bets that the Fed will soon end its rate-hiking cycle to cap the USD and act as a tailwind. The NZD/USD pair extends Friday’s modest retracement slide from the 0.6410 area, or its highest level since February and kicks off the new week on a weaker note. Spot prices remain depressed for the second successive day and trade around mid-0.6300s, moving little in reaction to mixed Chinese macro data.…
Discover what kind of forex trader you are Initial gains in Wall Street last Friday failed to find much follow-through, with the DJIA eking out a slight gain (+0.3%) while the S&P 500 (-0.1%) and Nasdaq (-0.2%) closed in the red. The US consumer sentiment index last Friday has smashed past expectations to turn in its highest level since September 2021 (72.6 versus 65.6 consensus), with the stellar read essentially pushing back against recessionary concerns, given that past recessions since 1968 were marked by a decline in the US consumer sentiment data.That said, earnings results from major US banks were…
Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research. According to a July 14 filing with the United States Bankruptcy Court for the District of New Jersey by the unsecured creditors’ committee, BlockFi’s risk management team reported on the “high risks” associated with lending assets to Alameda. Prince allegedly dismissed concerns from the team on BlockFi lending Alameda $217 million by August 2021. The team suggested there could be risks if the (FTT) used to secure the loans needed to be liquidated. Continue Reading…
The Chinese data release is scheduled for 0200 GMT on Monday, 17 July 2023 this is 10pm US Eastern time on Sunday, 16 July Expectations for June ‘activity’ data are subdued, reflecting the weak economic recovery China is experiencing. The y/y GDP is showing an impressive 7.7% expected. The thing about this is that the good number expected is mainly due to the base impact of very poor growth for the equivalent perion of 2022. Keep your eyes on the q/q data instead, a half a per cent growth from Q1 is all that is expected. Source link
Equity Lifestyle Properties Q2 2023 Earnings Preview Source link
Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL. Stock Ma Source link
2/2 © Reuters. FILE PHOTO: A view of sign board warning of extreme heat in Death Valley, California, U.S. July 15, 2023. REUTERS/Jorge Garcia/File Photo 2/2 By Brad Brooks (Reuters) – Nearly a quarter of the population in the U.S. is under warnings for extreme heat on Sunday, while an already rain-soaked New England braces for more downpours, the National Weather Service (NWS) said. The heat warnings spread from the Pacific northwest, down through California, through the Southwest and into the Deep South and Florida. Temperatures of over 115 Fahrenheit (46 Celsius) are forecast for areas of southern California’s high…
Recommended by Diego Colman Get Your Free Top Trading Opportunities Forecast Most Read: Euro Forecast: EUR/USD Breakout Gains Momentum but Fibonacci Resistance on RadarLast week, traders looking for volatility had plenty of it. There were significant moves across all asset classes, but perhaps most notable was the sharp drop in the U.S. dollar in the run-up to the June inflation report and, more importantly, after it.The CPI numbers released on Wednesday and the following day’s PPI data surprised to the downside, reinforcing the argument that price pressures are cooling more rapidly than initially envisioned. This sentiment led traders to reprice…
MON: PBoC MLF, South Korean Trade Balance Revised (Jun), Chinese GDP (Q2), Retail Sales, and Industrial Output(Jun)TUE: RBA Minutes, SARB Press Release, US Retail Sales (Jun), Canadian CPI (Jun), New Zealand CPI (Q2)WED: UK Inflation (Jun), EZ Final CPI (Jun),THU: PBoC LPR, CBRT Announcement, Japanese Trade Balance (Jun), Australian Jobs Report (Jun),FRI: CBR Announcement, Japanese CPI (Jun), UK Retail SalesNOTE: Previews are listed in day orderChinese GDP, Retail Sales & Industrial Output (Mon): Chinese GDP data for Q2 is due next week and will provide the latest insight into the health of the world’s second-largest economy after the recent streak…
Dzmitry Dzemidovich While investors are bracing for yet another challenging quarter when earnings season kicks off for commercial-stage biopharma later this month, Barclays has picked Eli Lilly (NYSE:LLY) and Merck (NYSE:MRK) as two of the most favorably positioned big pharma stocks heading into the Q2 earnings season. Barclays Q2 2023 earnings preview on biopharma comes at a time when healthcare has become a notable laggard in the S&P 500 this year: Pharmaceutical companies in the benchmark index have lost ~5% YTD. With challenging backdrops even for companies with the potential to post quarterly beats, a sector rebound will be more…