Author: FX
USD/JPY FORECAST:USD/JPY rises and challenges key tech level amid rapidly rising U.S. Treasury yieldsThe Japanese yen could extend weakness against the U.S. dollar if expectations for the Fed’s terminal rate continue to drift higherThis article looks at key technical levels to watch in the USD/JPY this week Recommended by Diego Colman Get Your Free JPY Forecast Most Read: S&P 500 Slumps as US PMI Recovers, Economic Resilience Boosts Treasury YieldsThe US dollar, as measured by the DXY index, advanced moderately and held near six-week highs on Tuesday, supported by risk-off sentiment and rising U.S. Treasury yields. Meanwhile, USD/JPY rallied more…
© Reuters. FILE PHOTO: People queue to buy tortillas outside Granada market in Mexico City, Mexico, January 10, 2017. Picture taken January 10, 2017. REUTERS/Tomas Bravo By Noe Torres MEXICO CITY (Reuters) – Mexico’s inflation is forecast to have eased in the first half of February, a Reuters poll showed on Monday, though consumer prices remain well above the central bank’s target, and is likely to make way for another interest rate hike. The median forecast of 13 analysts forecast annual headline inflation of 7.80% in the first half of February, below the 7.88% recorded in the second half of…
USDCHF backs off after testing old ceiling areaThe price is currently trading at 0.9262. That is back back down near the swing area between 0.9259 and 0.9262 along with the 38.2% retracement at 0.9256. Sellers from above would want to see that area broken, followed by the 100 hour MA at 0.92506 to give more control back to the sellers. Conversely, if this area can hold right here, the hope would be for another run to the topside, and the high of the swing area above at 0.92904.Key area for both buyers and sellers intraday. Source link
scanrail/iStock via Getty Images Chesapeake Utilities (NYSE:CPK) unveiled plans for its FPU Renewables subsidiary to build, own and operate a dairy manure renewable natural gas facility at Full Circle Dairy in Madison County, Florida, producing an average of 100K dth/year of RNG. Chesapeake (CPK) said the project represents a capital investment of $22M, with the first injection of RNG anticipated in 2024. The project is estimated to capture and redirect 1,116 metric tons/year of methane, or 27.9K metric tons of carbon dioxide equivalent. The company said it is evaluating further investment opportunities to bring the RNG produced at the facility…
US PMI KEY POINTS:Flash U.S. Composite rises to 50.2 from 46.8, topping expectations calling for a more modest rebound to 47.5Services PMI also moves out of contraction territory, climbing to 50.5 from 46.8 previouslyManufacturing activity remains weak, but inches higher to 47.8 from 46.9 in January Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Oil Prices Seek Direction as Rising Rates & China’s Slow Demand Recovery Create ChallengesU.S. business activity recovered moderately and moved out of contraction territory in February, a sign that the economic outlook is stabilizing despite the rapid increase in interest rates aimed at…
Share: Economists at ING expect a hawkish 50 bps RBNZ hike, which could lift the New Zealand Dollar, but dovish risks have risen. Watch the cyclone risk “We are aligned with the consensus call for a 50 bps rate hike.” “There is one key risk to our call though: the impact of the cyclone in New Zealand. This has triggered growing speculation that the RBNZ will only hike by 25 bps or even pause, and is probably behind the drop in NZD/USD to 0.6200. Admittedly, this downside risk has become more material now, but we stick to our…
© Reuters. FILE PHOTO: The U.S. Supreme Court building is seen in Washington, U.S., June 26, 2022. REUTERS/Elizabeth Frantz By Andrew Chung and John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday began hearing arguments in a major case that could weaken a legal shield that protects internet companies from a wide array of lawsuits in a dispute involving YouTube and the family of an American student fatally shot in a 2015 rampage by Islamist militants in Paris. The justices were considering an appeal by the family of Nohemi Gonzalez, a 23-year-old student at California State University, Long Beach…
It is a mixed bag in the forex market to start the trading day. The dollar is higher versus the EUR, but lower vs the GBP. Against the JPY the greenback is higher and because of lower CPI in Canada, the dollar is also moving to the upside vs. the loonie. For a technical look at the those currencies watch the morning forex technical report for February 21 2023. Source link
Share: Retail Sales in Canada increased at a stronger pace than expected in December. USD/CAD pushes higher toward 1.3500 in the early American session. Statistics Canada reported on Tuesday that Retail Sales rose by 0.5% on a monthly basis in December. This reading came in higher than the market expectation for an increase of 0.2%. “Core retail sales—which exclude gasoline stations and motor vehicle and parts dealers—increased 0.4%,” Statistics Canada noted in its publication. “In volume terms, retail sales increased 1.3% in December.” Market reaction Despite the upbeat data, USD/CAD trades in positive territory and edges higher toward…
Teck Resources reports Q4 earnings miss; initiates Q1 and FY23 production outlook Source link