Author: FX
GBP/USD – Prices, Charts, and AnalysisUS dollar strength is forcing GBP/USD back towards multi-month lows.UK data may empower the MPC doves, leaving Sterling vulnerable. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US dollar continues to flex its muscles across a range of currency pairs, powered by further hawkish Fed rhetoric and rising US Treasury yields. Yesterday both St. Louis President James Bullard and Cleveland Fed President Loretta Mester said that a 50 basis point rate hike at the next FOMC meeting should not be…
Procore announces CFO transition Source link
© Reuters. A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton/File Photo JOHANNESBURG (Reuters) -Investment bank Morgan Stanley (NYSE:) has lifted the average “recovery value” for Ghana’s defaulted dollar-denominated government bonds to $46 from a previous forecast of $41 following the country’s deal to restructure its local currency debt. The government, which is battling a once-in-a-generation economic crisis, said this week it had finished a domestic debt exchange with 85% participation of “eligible” bonds – or 64% of the 130 billion cedis ($10.8 billion) originally slated for restructuring, before pension…
Hawkish policy outlooks from Bullard and Mester (50 bps boosts from both), on top of more strong economic reports, added to the selling pressures in Treasuries and on Stocks. PPI and jobless claims, on top of the hot CPI, nonfarm payrolls, and retail sales reports added to the bearish impact but boosted the safety of USD along with pricing in of rate hikes. 24% of global fund managers now expect a recession, down from 77% in November, according to a recent survey by BofA Global Research. USD Index spiked to 104.40. GBP – This morning,…
AUDUSD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free AUD Forecast Most Read: US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?AUDUSD FUNDAMENTAL BACKDROPAUDUSD continued its move to the downside in the Asian session as the dollar index extended gains. Hawkish commentary from RBA Governor Lowe was seemingly drowned out by a host of similarly hawkish Federal Reserve policymakers.Comments from Reserve Bank of Australia (RBA) Governor Lowe failed to arrest the slide in AUDUSD. Governor Lowe cautioned that the RBA are keeping an open mind, and their opinion is that further rate hikes are…
Higher bond yields and a surging dollar makes is seeing the pair lead the way in the major currencies space, in terms of signaling the market move this week. It came with a break above the 11 January high of 132.87 and buyers have not let up with price now finally poised to test the 135.00 mark before the weekend.If sellers can keep below that, there might be some gas in the tank left to try and push for a return to the downside. Otherwise, we might just see a strong squeeze higher with the 100 (red line) and 200-day…
Share: When NatWest reported its Q3 numbers at the end of October the NatWest Group share price dropped sharply after reporting an increase in loan loss provisions, as well as concerns that a further windfall tax might be levied on its profits. Since then, the shares have gone from strength to strength, rising to their best levels since May 2018, as concerns over a sharp slowdown in the UK economy have receded. In many ways the actions the bank took in Q3 where sensible planning as the bank posted a modest Q3 attributable profit of £187m, a sharp…
Check out these Loonie pairs bracing for big moves! Better keep your eyes on these levels if you’re going for a breakout. AUD/CAD 1-hour Forex Chart by TradingView First up, we’ve got this neat descending triangle on the hourly chart of AUD/CAD. The pair is already testing the triangle support and probably bracing for a bearish breakout. Blink and you might miss it! Technical indicators are also pointing to more losses for the pair. The 100 SMA is below the 200 SMA to reflect bearish pressure and is currently holding as dynamic resistance. Meanwhile Stochastic is on the move down,…
Recommended by David Cottle Get Your Free Top Trading Opportunities Forecast The global economy is looking at a very tough yearRecession is not certain, but it may now be difficult to avoidWhat can past recessions teach us about what may be coming?The global economy is ‘perilously close’ to falling into recession according to the World Bank’s latest forecast.It now predicts world economic growth of 1.7% this year, a steep climbdown indeed from the 3% hoped for back in June. As for why, well, take your gloomy pick. Top of the list we find Russia’s invasion of Ukraine, of course. But…
Japan -0.16%. China -0.44%. Hong Kong -0.89%. Australia -0.86%. India -0.25%. Overnight on Wall Street, the major stock indexes closed near low levels for the day. The declines were led by the NASDAQ index which fell -1.78%. The Dow Industrial Average fell -431.20 points or -1.26% at 33696.86; S&P fell -57.19 points or -1.38% at 4090.42; NASDAQ index fell -214.75 points or -1.78% at 11855.84. Singapore Non-oil Domestic Exports (NODX) for January +0.9% m/m (expected -1.2%). ANZ forecast the RBA cash rate to a peak 4.1%, up from the previous forecast 3.85%. Thailand’s gross domestic product for the whole of…