Author: FX

The dollar is firmer across the board as we are seeing it gain as risk sentiment begins to stumble. The late retreat in Wall Street yesterday was a mood changer and that is continuing to trading today. S&P 500 futures are now down 20 points, or 0.5%, with 10-year Treasury yields up another 2.5 bps to 3.89% – testing its December highs near 3.90%.After some trepidation since the US CPI data on Tuesday, we are finally seeing markets stick to a more coherent theme. The terminal rate pricing for the Fed has also been bumped up to near 5.30% currently…

Share: AUD/USD remains under some selling pressure for the third successive day on Friday. Hawkish Fed expectations, recession fears underpin the buck and weigh on the major. Technical selling below the 50-day SMA further contributes to the ongoing downfall. The AUD/USD pair extends this week’s retracement slide from the 0.7030 area and continues losing ground for the third successive day on Friday. The downward trajectory drags spot prices to the lowest level since January 6 during the Asian session and is sponsored by broad-based US Dollar strength. In fact, the USD Index, which tracks the Greenback against a…

USA30,Daily. US producer prices delivered a hawkish surprise, after earlier consumer prices. PPI increased by +0.7% in January, more than the expected +0.4% increase. In contrast to the forecast of 5.4%, the annual price growth rate decreased from 6.5% to 6.0%. The slowdown in the annual inflation rate is negligible due to the high base effect from the previous year, while the monthly increase remains above the historical average. Yesterday’s data release provided an important hawkish signal for the Fed to continue raising interest rates without letting inflation expectations hang as producer prices continue to outperform consumer prices. Besides high…

© Reuters. FILE PHOTO: A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain By Rozanna Latiff KUALA LUMPUR (Reuters) – Luxembourg court bailiffs issued fresh seizure orders for two units of Malaysian state oil firm Petronas this week, following a bid by descendants of a former sultanate to enforce a $15-billion award they had won against Malaysia, according to the heirs’ lawyer and court documents seen by Reuters. The Filipino heirs of the last Sultan of Sulu are seeking to enforce a $14.9-billion award granted to them by a French arbitration…

Watch out, oil bulls! I’m seeing signs of an uptrend reversal on the short-term time frame of Brent crude oil. Can the commodity price fall through its neckline soon? Brent Crude Oil (UKOIL) 1-hour Chart by TradingView Is that a sketchy head and shoulders pattern I’m seeing? Brent crude oil might be done with its climb, as the commodity price is gearing up to test the neckline of its reversal formation. A break below support around $84 per barrel could be enough to confirm that a selloff of the same height as the pattern is due. But what are technical…

From earlier this week, S&P Global:Changes in housing prices tend to take about 12 months to be fully reflected in government data, meaning the impact of the Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a…

Share: Market sentiment remains sour as strong US data, Fed talks bolster expectations of higher rates at the US central bank. S&P 500 Futures stays pressured near weekly low after falling the most in a month. US 10-year Treasury bond yields rally to a fresh high since December 30, 2022. Risk appetite remains weak during early Friday, extending the previous day’s sour sentiment, as market players anticipate higher Fed rates amid hawkish talks from the US central bank policymakers and upbeat US data. While portraying the mood, S&P 500 Futures dropped 0.30% to 4,086 while poking the weekly…

US Dollar, Federal Reserve, PPI, DXY Index, Treasury Yields – Talking PointsThe US Dollar continued strengthening today after Treasury yields soaredPPI data reveals an economy with price pressures building againThe Fed reminded markets of potential outsized hikes. Where to for USD? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US Dollar jumped higher overnight after two Federal Reserve speakers talked up the prospect of 50 basis point hikes and a business inflation gauge re-accelerated.Cleveland Fed President Loretta Mester and St. Louis Fed President James Bullard…

Paul Zimmerman/Getty Images Entertainment Update 8:10pm: Adds Etsy comment. Etsy Inc. (NASDAQ:ETSY) fell 8.4% following a negative report from Citron Research on the online merchandise platform. Citron alleges that Etsy (ETSY) isn’t doing enough to police possible counterfeit goods from being sold on its site. An ETSY spokesperson responded to the Citron report in a statement emailed to Seeking Alpha. “Etsy is proud to be home to millions of unique, handcrafted, and customized goods, and the integrity of our marketplace is critical to our business,” the Etsy spokesperson said in the statement. “We are dedicated to fostering a trusted and…

onurdongel/E+ via Getty Images EQT Corp. (NYSE:EQT) finished +3.9% in Thursday’s trading despite missing Q4 adjusted earnings estimates ahead of a potentially difficult 2023. Q4 net income slipped to $1.7B, or $4.67/share, from $1.8B, or $4.77/share, in the year-earlier quarter, while production fell 13% to 459B cfe from 527B cfe a year ago. EQT (EQT) continues to wait for antitrust regulators to clear its $5.2B acquisition of Tug Hill’s upstream and midstream assets in West Virginia, management said on the post-earnings conference call, as reported by Natural Gas Intelligence. The company is working to comply with a second request from…