Author: FX

© Reuters. FILE PHOTO: A man on a bicycle stands in front of an electronic board showing Shanghai stock index, Nikkei share price index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan September 22, 2022. REUTERS/Kim Kyung-Hoon By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Investors await a torrent of Asian economic data on Tuesday, including Indian GDP, with market sentiment appearing to brighten a little going into the last trading day of the month. As U.S. bond yields eased and there was a rare pause in the…

ANZ New Zealand business survey for FebruaryBusiness confidence for February -43.3% Activity -9.2%ANZ comment;Pricing intentions continue to inch lower but inflation expectations remain stuck around 6%. There was a marked drop in expected wage growth, however.And highlight the key themes of the February survey:Activity measures rose, led by the construction and services sectors.Inflation and pricing indicators barely moved; pressures clearly remain intense Source link

US Dollar, Durable Goods Data, DXY Golden Cross – Asia Pacific Market Open:US Dollar suffered its worst day on Monday since early FebruaryDisappointing durable goods orders data cooled hawkish Fed betsStill, the DXY Index is eyeing a bullish Golden Cross for direction Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – US Durable Goods Orders Dent the US DollarThe US Dollar broadly underperformed against its major counterparts on Monday, with the DXY Dollar Index sinking about 0.6 percent. That was the worst single-day performance since the beginning of this month. Still, as we will see shortly,…

Share: Oil price looks exposed to recapture the $76.00 resistance ahead of Caixin Manufacturing PMI data. Caixin Manufacturing PMI is expected to jump to 50.2 from the former release of 49.2. BofA sees the terminal rate for the Fed above 6% amid resilience in the demand-drive inflation. West Texas Intermediate (WTI), futures on NYMEX, have extended their recovery above the immediate resistance of $75.80 in the early Asian session. The oil price is exposed to the critical resistance of $76.00 as investors are optimistic about the release of the Caixin Manufacturing PMI data, which is scheduled for Wednesday.…

Carsten Koall Novavax (NASDAQ:NVAX) is scheduled to announce Q4 earnings results on Tuesday, February 28th, after market close. The consensus EPS Estimate is -$1.05 (vs. -$11.18 last year) and the consensus Revenue Estimate is $383.14M (+72.4% Y/Y). Over the last 1 year, NVAX has beaten EPS estimates 25% of the time and has beaten revenue estimates 25% of the time. Over the last 3 months, EPS estimates have seen 2 upward revisions and 1 downward. Revenue estimates have seen 1 upward revision and 1 downward. The company in early Nov. 2022 reported mixed results while providing FY 2023 revenue guidance…

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This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. “Given the relatively light data calendar, we think it will be difficult for the market to find much comfort ahead of Chair Powell’s testimony in a couple weeks, ahead of the blackout period. However, if data show some mean reversion and the policy path becomes more tethered, then we think we are likely approaching the limits of the US-side of this…

Share: NZD/USD bulls come up for air as the US Dollar gives back some ground. A triangle is a bearish feature on the hourly chart but that does not invalidate the bullish corrective bias. NZD/USD is attempting to make a comeback from Friday’s sell-off which was a continuation of the bearish cycle from the 0.65s printed at the turn of the month. The pair have traded between a low of 0.6131 and a high of 0.6179 with sights set on a break into the 0.62s for the days ahead.  Analysts at ANZ Bank argued that the price action…

Axsome hits snag on Alzheimer's agitation candidate as FDA wants more safety data Source link

© Reuters. FILE PHOTO: Democrat congresswoman Elissa Slotkin speaks about being endorsed by Republican congresswoman Liz Cheney for congress in Lansing, Michigan, U.S. November 1, 2022. REUTERS/Rebecca Cook By Katharine Jackson WASHINGTON (Reuters) – Democratic U.S. Representative Elissa Slotkin of Michigan on Monday said she will run for the Senate seat being left open by Debbie Stabenow in 2024. Slotkin, 46, won her seat in Congress in 2018 after working as a CIA Middle East analyst and Department of Defense official during the Obama and George W. Bush administrations. She announced her candidacy on Twitter, saying in a campaign video…