Author: FX

Boston Scientific Q1 2023 Earnings Preview Source link

Heads up, yen traders! The BOJ is gearing up to make its monetary policy statement later this week, and it’ll be Governor Kazuo Ueda’s debut as the central bank head honcho. Here’s what you should know if you’re planning on trading this top-tier catalyst. Event in Focus: Bank of Japan Monetary Policy Statement When Will it Be Released: April 28, Friday: approximately 3:00 am GMT, 4:00 am London, 11:00 pm (April 27) New York, 12:00 pm Tokyo Expectations: As new Governor Ueda has mentioned in his recent speeches, the current ultra-easy monetary policy is appropriate for now, given the latest…

JAPANESE YEN PRICE, CHARTS AND ANALYSIS:Technicals on Yen Pairs Are Providing a Host of Technical Setups.EUR/JPY Eyeing Trendline Bounce or Break with 8-Year Highs in Sight.USD/JPY Rising Wedge Pattern in Focus.AUD/JPY H4 Timeframe Sees RSI Enter Oversold Territory. Recommended by Zain Vawda Get Your Free JPY Forecast JAPANESE YEN BACKDROPJapanese Yen caught a bid on Tuesday as sentiment suffered a slight lull following disclosures by First Republic Bank after market close on Monday in the US. Fears of a further selloff in banking stocks resurfaced following an already cautious mood ahead of US companies’ earnings and data out this week.The…

© Reuters. FILE PHOTO: A person walks by United Parcel Service (UPS) trailers at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly By Priyamvada C (Reuters) -United Parcel Service Inc on Tuesday pegged annual revenue at the lower end of its prior forecast and warned of persistent pressure on parcel volumes, sending shares of the world’s largest parcel delivery firm sharply down. The commentary from the freight bellwether could mean a delayed recovery in volumes for the shipping industry that was expecting some relief by second half of the year. Shares of rival FedEx Corp…

The USD is running higher as rates tumble to the downside. 2 year yield is down -12.4 basis points and looks toward the 4% level. It currently trades at 4.020%. The 10 year yield is down -10 basis points at 3.416%.That along with some technical breaks after the declines in the greenback yesterday, reverse course:EURUSD moves toward its 100/200 hour moving averagesGBPUSD falls away from its 100/200 hour moving averagesUSDCAD trades at the highest level since March 28 Source link

The gold price corrected to the $1,975 zone as the Dollar index moved higher earlier, before bouncing on a weak non-manufacturing report from the Philly Fed that showed a marked decline to -22.8 against -12.8 last time and March US housing permits being revised higher to 1.430 million from 1.413 million. Bullion has gradually trended lower, after hitting a 13-month high of $2,040 on April 13, but has been trading in a relatively narrow range in recent days, as markets wait for key central bank decisions next week. As for today, the $2,000 level was tested earlier, only to be…

Share: EUR/USD comes under some pressure following recent tops. Immediately to the upside emerges the 2023 high at 1.1075. EUR/USD surrenders part of the recent positive streak following the breakout of the 1.1000 barrier. The pair looks poised to extend the recovery further in the near term. That said,  the immediate hurdle is expected at the 2023 high at 1.1075 (April 14) seconded by the round level at 1.1100. Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0400. EUR/USD daily chart   Source link

GBP/USD and EUR/GBP – Prices, Charts, and AnalysisCable is less than one point away from making a fresh 10-month high.EUR/GBP testing resistance on Euro strength. Recommended by Nick Cawley Get Your Free GBP Forecast The British Pound is moving in different directions against the US dollar and the Euro as interest rate expectations for all three currencies continue to make their mark. In the UK, the Bank of England (BoE) is expected to hike rates by 25 basis points on May 11th and be open to hiking again if inflation remains stubbornly high. The US Federal Reserve (Fed) is also…

Robert Way/iStock Editorial via Getty Images Novartis (NYSE:NVS) is trading higher premarket on Tuesday after Q1 results beat estimates and the company raised its FY23 sales and core operating income outlook. Q1 Core EPS rose +17% on US$ basis (+25% constant currency – cc basis) Y/Y to $1.71. Operating income was $2.9B (0% +9% cc Y/Y). However, other income from legal matters was more than offset by higher restructuring and impairment charges. Group net sales grew +3% (+8% cc) Y/Y to ~$12.95B, driven by volume growth of 16 percentage points, price erosion of 4 percentage points and a negative impact…

The USD extended decline retesting the 100.94 low in Asia session this morning. Yields declined, unwinding a lot of last week’s updraft, on expectations the May 3 hike will be the last. Treasuries were in rally mode to start the week even with the FOMC up next week and supply on this week’s schedule. Stocks were mixed flat. Most Asian markets fell this morning as investors awaited results from some of the world’s biggest technology groups.  FX – USDIndex remains under pressure, hurt by the weak headline data, as well as the stronger than expected German…