Author: FX
SPAR Group (SGRP) Appoints Antonio Calisto Pato as CFO SPAR Group, Inc. (SGRP) today announced the appointment of Mr. Antonio Calisto Pato as the Corporation’s Chief Financial Officer, effective February 27, 2023. Mr. Calisto Pato brings strong business, finance and international leadership expertise with deep strategy, tax and operational acumen. Most recently, Antonio held CFO roles and directed all aspects of finance, accounting, treasury and tax as CFO for Earth Shoes and interim CFO for StreetTrend. Prior to these roles, Antonio held increasing leadership positions at Chiquita Brands International from 2011 to 2021. He also held financial and business leadership…
WSJ Report – The U.S. is markedly increasing the number of troops deployed to Taiwan, more than quadrupling the current number to bolster a training program for the island’s military amid a rising threat from China.The U.S. plans to deploy between 100 and 200 troops to the island in the coming months, up from roughly 30 there a year ago, according to U.S. officials. The larger force will expand a training program the Pentagon has taken pains not to publicize as the U.S. works to provide Taipei with the capabilities it needs to defend itself without provoking Beijing.The additional troops…
BRITISH POUND ANALYSIS & TALKING POINTSGBP/USD has taken a hit from a more hawkish set of Federal Reserve minutesBulls are struggling to defend an important chart levelWhether or not they can do so into the week’s end could be instructive Recommended by David Cottle Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROPGBP/USD remains under significant pressure in Thursday’s European session, with most of that coming from the ‘USD’ side of the pair.Wednesday’s release of minutes from the US Federal Reserve’s last interest-rate setting meet on January 1 showed the central bank in perhaps rather more hawkish mood than the markets…
Share: EUR/USD extended its slide on Wednesday and touched its lowest level since early January at 1.0600. A move towards 1.05 is on the cards, economists at ING report. EUR/USD remains soggy “For the short term, EUR/USD remains soggy and it is hard to rule out a break under 1.0600 towards the 1.05 area.” “Our game plan remains that 1.04/1.05 could now be some of the lowest EUR/USD levels of the year – but it feels like EUR/USD could trade on the offered side for a few weeks yet.” Source link
EUR/USD PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast EUR/USD FUNDAMENTAL OUTLOOKEURUSD posted modest gains in the Asian session following yesterday’s drop toward the 1.0600 handle. The US Dollar index has seen a slight resurgence following the European open, with the 1.0600 level making way and the 1.0500 level looking more and more likely to be reached.This morning brought Eurozone Inflation data for January with annual inflation down to 8.6% in the euro area and down to 10.0% in the EU. In January, the highest contribution to the annual euro area inflation rate came from…
London Luton Airport selects Leidos for security technology enhancements Source link
AUD/USD ANALYSIS & TALKING POINTSBetter than expected capital expenditure indicates positivity in building, plant machinery and private capital sectors.U.S. GDP in focus later today.AUD/USD seeking falling wedge breakout. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar has clawed back some lost gains after yesterday’s U.S. dollar surge post-FOMC minutes. An almost expected hawkish slant to the minutes ensued with no mention of disinflation adding to a sustained tight monetary policy environment. Furthermore, some FOMC members opted for a 50bps interest rate hike which has seen an uptick in money market pricing for the…
US Stocks held lower but pause the decline, US Dollar spiked to 104,50 and Yields richened on short covering following the recent rout, but ended off of the day’s lows as FOMC minutes fail to provide fresh clues to alter expectations on the path. The 10-year was down 3.7 bps to 3.916%. FOMC minutes solidified views for further hikes and a higher funds rate through the year. Fed funds futures are suggesting some increased risk for a 50 bp increase at the March 21-22 meeting with the implied rate at 4.878%. May is showing a 5.132%…
Reuters are reporting that the number of Chinese households that decided against buying a home soared in the fourth quarter of 2022, a private survey showed, as COVID infections and lockdowns sapped sentiment, while property foreclosures soared as the economy slowed.Full NoteThe number of families opting to stay on the sidelines for property in the last quarter rose to 27.2% of respondents from 20.1% in July-October, the survey showed.The future is bright(er) though, as…16.6% of Chinese families had plans to buy a home in the coming three months, up from 7.0% in the July-October quarter.This story ties in nicely with…
Remember that range resistance play that we spotted a couple of days back? Well, U.S. crude oil (WTI) prices have indeed traded lower! Recall that WTI crude oil prices dropped from its 80.00 levels as traders priced in higher Fed interest rates and global growth concerns. WTI Crude Oil (USOIL) 4-hour Chart by TradingView Can the bearish momentum send WTI prices to the 73.00 handle? As you can see, 73.00 marks the bottom of a range support that hasn’t been invalidated since mid-December. A retest of the 73.00 zone would make it easier for commodity buyers to push WTI higher…