Author: FX

Share: Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest further gains in EUR/USD remain on the cards above 1.0940 in the near term. Key Quotes 24-hour view: “We expected EUR to ‘advance further’ last Friday but we were of the view that ‘the next significant resistance at 1.1120 is likely out of reach for today’. We noted, there was a minor resistance at 1.1080. However, EUR only eked out a fresh high of 1.1075 and then tumbled to end the day lower by -0.40% (1.1000). While there is scope for EUR to…

Top-tier reports scheduled in the U.K. this week are giving us a chance to take a closer look at GBP/USD’s uptrend. As you can see, Cable has come a long way from its 1.1800 lows in early March. In fact, GBP/USD even started trading inside an observable ascending channel about a month ago. Before you check out the setup, make sure you know all of last week’s major market movers as well as this week’s potential market catalysts! GBP/USD 1-hour Forex Chart by TradingView This week, GBP/USD opened around the 1.2400 area that lines up with key resistance zones in…

When the Reserve Bank of Australia (RBA) met on its monetary policy today, many analysts were unsure of how things would pan out with interest rates given the recent drop in CPI among other things. Eventually, after 10 straight hikes in the Official Cash Rate, the RBA has decided to hold steady at 3.6%, for the time being. The interest rate on Exchange Settlement balances has also remained unchanged at 3.5%. The Board also used the occasion to emphasize how robust, well-capitalized, and highly liquid the Australian banking sector presently is and how well-positioned it is to provide the credit…

Netflix, one of the world’s leading entertainment services companies based in California, is scheduled to report its Q1 2023 earnings on 18th April (Tuesday), after market close. Fig.1: Reported Sales of Netflix versus Analyst Forecast. Source： CNN Business In general, sales of Netflix remained consistent in 2022, with each quarter recording $7.9B-$8.0B. The total sales in the year was $31.6B, up 6.4% from the previous year. In Q1 2023, consensus estimates for sales hit $8.2B, up 3.8% from the previous quarter and the same period last year. Fig 2：Netflix Paid Subscribers. Source： Statista Netflix paid subscribers amassed to 230.75 million…

Kameleon007/iStock via Getty Images Merck (NYSE:MRK) and Moderna (NASDAQ:MRNA) presented detailed mid-stage results for a combination therapy containing vaccine maker’s personalized cancer shot mRNA-4157 (V940) and pharma giant’s blockbuster cancer therapy Keytruda at a medical event on Sunday. The companies said that the novel therapeutic regimen cut the risk of recurrence or death by 44%, leading to a statistically significant and clinically meaningful improvement in recurrence-free survival (RFS) compared to Keytruda alone in patients with skin cancer, melanoma. The Phase 2b KEYNOTE-942 (mRNA-4157-P201) trial involved patients with resected high-risk melanoma (stage III/IV), out of whom 107 received mRNA-4157 plus Keytruda…

The email addresses of some MetaMask users may have been exposed to a malicious party due to a recently discovered cybersecurity incident. According to parent company ConsenSys, the incident affected users who submitted a customer support ticket to MetaMask between August 1, 2021 and February 10, 2023. According to the April 14 blog post, unauthorized actors gained access to a third party’s computer system that was used to process customer service requests, potentially allowing them to view customer support tickets submitted by MetaMask users. Continue Reading on Coin Telegraph Source link

For the y/y the index in March rose 12.1%.The New Zealand Food Price Index (FPI) is a measure of the changes in the price of food and non-alcoholic beverages purchased by households in New Zealand. based on the prices of a basket of goods that are commonly purchased by households in New ZealandThe FPI is an important indicator of inflation in New Zealand, as food and non-alcoholic beverages make up a significant portion of household spending. Source link

(Reuters) -Four people were killed and multiple others injured in a shooting on Saturday night that was tied to a birthday party in the small town of Dadeville, Alabama, the state law enforcement agency said at a news conference on Sunday morning. A local TV station reported on Sunday that more than 20 people had been injured in the shooting, citing investigators on the scene. The state agency declined to answer questions or provide further detail during the news conference. “We’re going to continue to work in a very methodical way to go through this scene, to look at the…

Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. The MSCI All Country World Index rose 1.3%, and the US dollar index (DXY index) fell 0.5%. Within equities, the S&P 500 rose 0.8%, while the Nasdaq 100 index gained 0.1%. The German DAX 40 advanced 1.3% and the UK FTSE 100 jumped 1.7% respectively, while Japan’s Nikkei 225 soared 3.5% and the Hang Seng index rose 0.5%.A subdued US…

Michael Vi/iStock Editorial via Getty Images The semiconductor industry and by construct, the Philadelphia Semiconductor Index, have largely outperformed the tech-heavy Nasdaq (COMP.IND) to start 2023. However, investment firm Wells Fargo said that with earnings season coming up, investors may want to be a bit more selective with their holdings. Analyst Gary Mobley listed NXP Semiconductors (NASDAQ:NXPI) and Wolfspeed (NYSE:WOLF) as the firm’s top two semiconductor stocks to own heading into earnings, but for differing reasons. For Netherlands-based NXP (NXPI), which generates a significant portion of its revenue from the automotive and industrial industries, Mobley said Wall Street has become…