Author: FX
Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO and Joseph C. Tsai as Chairman Source link
Remember that gold triangle we had been watching a while back? Well, it looks like the precious metal is ready for another test of support! On its hourly time frame, XAU/USD is still stuck inside a descending triangle formation with its lower highs and support around $1,940. Gold (XAU/USD) 1-hour Chart by TV That was one nasty fakeout on the latest test of support! Now gold is back inside its consolidation chart pattern and is once again retreating from the top. Will we see a breakdown from support this time? Technical indicators are giving mixed signals, as Stochastic is pulling…
© Reuters. People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/FILE PHOTO SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105% from the usual 100% late last year in response to a credit crunch in domestic financial markets and extended early…
Japan’s Industry Minister represents real businesses that are impacted by forex swings, so he has a case to comment. Earlier we had the same sort of remark from the finance minister. Its his department that’d be ordering intervention in the currency, if it comes to that:What to watch:USD/JPY update: Source link
Share: “There have been long standing concerns that the market is not working well for New Zealanders,” said New Zealand (NZ) Minister of Finance (FinMin) Grant Robertson said in a statement per Reuters. The policymaker also said that banks have consistently made high profits over a number of years and their returns have outperformed their peers in other countries. “There has not been an in-depth look into competition issues in New Zealand’s banking for some time, and New Zealand lags other countries such as Australia and the UK into doing a detailed analysis into banking services,” added NZ…
Dynagas LNG Partners LP Q1 2023 Earnings Preview Source link
U.S. Steel (X) guides Q2 EPS above consensus United States Steel Corporation (X) today provided second quarter 2023 adjusted net earnings per diluted share guidance of $1.81 to $1.86, which is above the consensus of $1.76. Second quarter 2023 adjusted EBITDA is expected to be approximately $775 million. Commenting on second quarter guidance, President and Chief Executive Officer David B. Burritt said, “We expect to deliver another strong quarter of safety, operational and financial performance driven by our continued focus on strategic markets and building a more resilient business model. Adjusted EBITDA guidance of $775 million reflects the benefits of…
ANZ Bank has shared its outlook on the AUD/NZD and USD/JPY currency pairs for this week.For the AUD/NZD pair, ANZ suggests that the New Zealand Dollar (NZD) will likely remain range-bound over the next week. The bank recommends adopting a “buy on dips” strategy for the AUD/NZD pair. However, ANZ noted that with market expectations for the Reserve Bank of Australia’s (RBA) terminal cash rate now surpassing 4.6%, there is diminishing potential in the relative RBA vs. Reserve Bank of New Zealand (RBNZ) trade.Regarding the USD/JPY pair, ANZ anticipates that the pair could relinquish some of the gains it has…
Heads up, franc traders! The Swiss National Bank will be announcing their interest rate decision this week, and word through the grapevine is that another hike is due. Will they announce a smaller increase this time, though? Here are the important points you need to know if you’re planning on trading the news: Event in Focus: Swiss National Bank (SNB) Monetary Policy Statement When Will it Be Released: June 22, Thursday: 7:30 am GMT SNB Chairperson Thomas Jordan will hold a press conference after the announcement. Use our Forex Market Hours tool to convert GMT to your local time zone.…
Share: GBP/USD reverses its course late in the European session amidst a low-volume trading day in the FX space, with US markets closed due to a holiday. A risk-off impulse weighs on the Pound Sterling (GBP), which is set to outperform the greenback, as the Bank of England (BoE) is expected to deliver a rate hike on Thursday. The GBP/USD is trading at 1.2793, down a modest 0.19%. Read More… The Pound Sterling (GBP) is correcting lower on Monday and trading at around 1.2800 after showing a big bullish performance last week, rallying to levels not seen since April 2022, near 1.2850. Investors are…