Author: FX
Share: Gold price is aiming to shift its business above $1,830.00 as investors shrug off hawkish Fed-inspired volatility. An upbeat Caixin Manufacturing PMI has infused fresh blood into the risk-sensitive assets. A surprise decline in the US PMI figures could impact the strong labor market. Gold price (XAU/USD) has rebounded firmly above $1,830.00 in the Asian session and is aiming to shift its auction above the same. The precious metal has picked strength as investors’ risk appetite has improved after the release of the upbeat Caixin Manufacturing PMI data. Investors have cheered the strong performance of the Chinese…
China Manufacturing PMI expanded at its fastest pace in more than a decade in February Source link
2/2 © Reuters. FILE PHOTO: Chicago Mayor Lori Lightfoot speaks to children after a press event ahead of expected Thanksgiving travel at O’Hare airport in Chicago, Illinois, U.S., November 21, 2022. REUTERS/Jim Vondruska 2/2 By Joseph Ax (Reuters) -Chicago’s incumbent Mayor Lori Lightfoot lost her re-election bid on Tuesday, with vote totals showing that two of her rivals will face each other in an April runoff ballot. Paul Vallas, the former public schools chief in Chicago and Philadelphia who ran unsuccessfully for Chicago mayor in 2019, secured the top spot, taking 34.9% of the vote with 91% of precincts reporting,…
Hong Kong’s free flight ticket giveaway will kick off from March 1.Cathay Pacific will initially give 80,000 tickets away to residents of south-east Asian countries. The remaining 420,000 airline tickets will be distributed to overseas travellers by airlines Hong Kong Express and Hong Kong Airlines over the course of six monthsAfter tickets have been allocated to visitors from south-east Asian countries, the next giveaway will be open to residents in mainland China and in north-east Asia Then to Europe and the US–A cunning plan to prop up the HKD? 😉 Source link
Share: AUD/JPY recovers from two-week low after strong China activity data for February. Previous support line from January 19 joins bearish MACD signals, steady RSI (14) to challenge bulls. Fresh selling needs a clear break of 91.30 to aim for 50-DMA. AUD/JPY picks up bids to refresh intraday high around 91.80, reversing the initial fall to the fortnight’s low, as strong data from Australia’s key customer favor pair buyers during early Wednesday. China’s Caixin Manufacturing PMI rose to 51.6 versus 50.2 expected and 49.2 for February. In doing so, the private manufacturing activity gauge traced the official numbers.…
Australian Dollar, AUD/USD, GDP, S&P ASX 200, CPI, RBA -Talking PointsThe Australian Dollar has lost ground after GDP disappointedStagflation might undermine the prospect of a soft landingThe RBA is anticipated to hike next week. Is that good or bad for AUD? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The Australian Dollar sunk below 67 cents after 4Q quarter-on-quarter GDP came in at 0.5% rather than the 0.8% forecast and against the previous 0.7% that was revised up from 0.6%.Annual GDP to the end of December…
© Reuters. FILE PHOTO: The Americanas store logo is seen in Rio de Janeiro, Brazil May 10, 2018. REUTERS/Sergio Moraes/File Photo RIO DE JANEIRO (Reuters) – A Brazilian court on Tuesday granted a request by bankrupt retailer Americanas that it be allowed to immediately pay workers’ wages and settle small supplier debts, for a total of about 192 million reais ($36.7 million). Rio de Janeiro Judge Paulo Assed Estefan said in his ruling the payments would help small suppliers and “meet the needs of workers, many in extremely vulnerable situations.” The ruling comes weeks after Americanas, backed by the billionaire…
iSun reports preliminary revenues for 2022 and 2023 Source link
British Retail Consortium (BRC) data showing that shop price inflation rose to 8.4%, from 8.0% in Januaryprices rose by the largest annual amount across all the main categories monitored by the BRC since records started in 2005BTC comment: “Shop price inflation rose to another record high as retail prices across the board continued to react to the impact of soaring energy bills, higher running costs and tougher trading conditions brought about by the war in Ukraine,” BRC chief executive Helen Dickinson said. BRC expects retail prices to remain high over the coming months even if the annual inflation rate cools…
Share: GBP/JPY formed an inverted hammer, meaning sellers are in charge. The GBP/JPY would face strong support at the confluence of the 100/200/20-day EMAs. GBP/JPY Price Analysis: In the near term, it’s neutral to upward biased. The GBP/JPY registers a minimal upside as Wednesday’s Asian session begins. On Tuesday, the GBP/JPY printed losses of 0.35% and formed an inverted hammer, meaning that further downside is expected. At the time of typing, the GBP/JPY exchanges hands at 163.90 after hitting a YTD high on Tuesday of 166.00. GBP/JPY Price Action After hitting a new year-to-date high, the GBP/JPY retraced…