Author: FX
USD/CAD picks up bids to reverse the week-start losses. US Dollar benefits from the BOJ-inflicted losses in bond, stock markets. Oil price weaken amid economic fears surrounding China. Canada Retail Sales, US housing data eyed for fresh impulse. USD/CAD clings to mild gains around 1.3700 as the US Dollar reverses the intraday losses heading into Tuesday’s European session. The Loonie pair’s run-up could also be linked to the downside move of Canada’s main export item, namely WTI crude oil. That said, the US Dollar Index (DXY) picks up bids to pare recent losses around 104.50 as the Treasury bond yields…
© Reuters. FILE PHOTO: A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – The Bank of Japan said on Tuesday it will widen the band at which it will allow the 10-year government yield to move around its 0% yield target, as part of fine-tuning measures to address the cost of prolonged monetary easing. The BOJ also decided to sharply increase the amount of government bond buying, it said in a policy statement. As widely expected, the BOJ kept unchanged its -0.1% target for short-term interest rates, and 0% for…
Japan finance minister Suzuki: It is not the appropriate time to comment on the next BOJ governor.There has been no decision on revising the agreement with BOJ.These comments are in relation to the chatter, persistent and widespread, that there will be changes at the BOJ, and with BOJ policy, after Bank of Japan Governor Kuroda leaves in April next year. More here:ADVERTISEMENT – CONTINUE READING BELOW Source link
NZD/USD is taking out a key level and printing fresh lows within a bearish schematic. should the bulls move in now, then there will be prospects of a restest of prior structures near 0.6355 and 0.6375 above. NZD/USD has been chipping away at the downside in Asia, sliding to a fresh session low at the time of writing, down 0.35% on the day so far after dropping from a high of 0.6365. The US Dollar has been struggling to break higher which had been giving the commodity complex some room to breathe but the tables are turning. The greenback came under pressure…
S&P 500, Event Risk, BOJ Decision, GBPUSD and USDJPY Talking Points:The Market Perspective: USDJPY Range Below 138 and Bearish Below 133.50; EURUSD Bearish Below 1.0550; GBPUSD Bearish Below 1.2100The fundamental drums eased heading into the new trading week, but the S&P 500 extended its slide from last week to stretch from the 20-day moving average while coming into technical supportA number of Dollar crosses are on the verge of short-term bearish reversals (against the Greenback), but will the market trigger the breaks – much less find follow through? Recommended by John Kicklighter Building Confidence in Trading We have stumbled into…
© Reuters. FILE PHOTO: Former film producer Harvey Weinstein appears in court at the Clara Shortridge Foltz Criminal Justice Center in Los Angeles, California, USA, 04 October 2022. Harvey Weinstein was extradited from New York to Los Angeles to face sex-related cha By Lisa Richwine and Tim Reid LOS ANGELES (Reuters) – Former movie producer Harvey Weinstein was found guilty of rape in a trial in Los Angeles on Monday, the second conviction for the one-time Hollywood kingmaker who became the face of #MeToo sexual abuse allegations five years ago, according to the Los Angeles Superior Court. The jury found…
JimVallee Wells Fargo said that it sees central banks moving to support growth by end of 2023 in order to avoid a deep or prolonged recession. The bank said in a recent note that interests rates will likely rise into early 2023, but tightening cycles should end as inflation abates, although core inflation may remain elevated. It sees certain G10 central banks easing their monetary policies by the end of 2023, with some in emerging economies starting earlier. Additional rate hikes by the Federal Reserve and European Central Bank will stoke volatility in the financial markets, which should boost the…
Ongoing concerns about the Federal Reserve and the state of the economy continued to weigh on the major U.S. equity indices on Monday. Stocks recorded their fourth consecutive day of declines. The Nasdaq led the retreat with a slide of 1.5%. Cannabis stocks were among the standout decliners on the day. An adverse development in Washington prompted selling in names like Cresco Labs (OTCQX:CRLBF), Trulieve Cannabis (OTCQX:TCNNF), Green Thumb Industries (OTCQX:GTBIF), Curaleaf Holdings (OTCPK:CURLF), Columbia Care (OTCQX:CCHWF), Tilray Brands (TLRY) and Canopy Growth (CGC). Broad weakness among tech heavyweights contributed to Wall Street’s downdraft. This included another retreat by Amazon…
ANZ-Roy Morgan Australia Consumer Confidence data, a weekly survey.ANZ remarks:ANZ-Roy Morgan Australian Consumer Confidence declined by 0.4pts to 82.5, ending 2022 almost 30pts below the long-term average. In 2023, we’ll be watching how confidence responds to the combination of falling inflation and rising wage growth.ADVERTISEMENT – CONTINUE READING BELOW Source link
#FedEx, Weekly Transport giant #FedEx is expected to release its fiscal second quarter 2023 results on Tuesday (20/12), after market close. The company previously announced cost-cutting measures including plans to lay off workers and fly planes during the holiday season. The earnings call to be released will be the second call led by Raj Subramaniam since his appointment as CEO in March. It will be the first since FedEx announced plans in September to cut costs by between $2.2 billion and $2.7 billion this fiscal year following a disappointing first-quarter earnings report. The company’s last quarterly results report was released…