Author: FX
The report from Deutsche Bank concludes:we remain bullish EUR/USD and believe corrections lower this year should be bought”But why?” you ask … read on.DB outline 3 reasons for their view. In summary:1. Natural gas prices falling. DB say:on current trends gas storage could be refilled by the summer. After that, Europe won’t need to buy more gas until winterwe estimate Europe’s import bill could more than halve this year, implying 100bn-150bn less EUR selling from natural gas alone2. Over the past ten years, European investors have engaged in a massive divestment programme of domestic yield in favour of international assets.…
Share: GBP/USD rallied early on Tuesday after data showed British wages rose faster than expected in the last three months of 2022. The data raised the prospects of a more hawkish Bank of England as the inflation battle consumes sentiment in markets. In that regard, the US Consumer Price Index was the next key event for the pair with the data underpinning the outlook for further rate hikes from the Federal Reserve. Read More… The GBP/USD dropped sharply in the North American session following the release of inflation data in the United States, which, although increased, initially sent the GBP/USD spiking towards its…
Udemy GAAP EPS of -$0.36 misses by $0.03, revenue of $165.3M misses by $0.27M Source link
stocks Deere & Company, also known as John Deere, is the largest manufacturer of agricultural, forestry and construction machinery in the US and the world. In addition, the company also provides financial services through John Deere Financial. The company has a capitalization of $121.24B and expects to report earnings results for the end of the fiscal quarter ending January 2023 this Friday, February 17 before the market opens. DE EPS for the 1st Quarter 2023 Source: Nasdaq Zacks positions John Deere Rank #2 (Buy) in the Top 12% position (#31/252) of the Manufacturing – Farm Equipment industry. For this report,…
© Reuters LAHORE, Pakistan (Reuters) – Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just as its economic crisis took a turn for the worse. In less than a month, Pakistan’s currency has lost more than a quarter of its value against the U.S. dollar, and fuel prices have risen by almost a fifth as the government implemented fiscal measures that are prerequisite to unlocking funds from an International Monetary Fund bailout. Inflation in January spiked to 27% year-on-year, the highest…
GBPJPY moves above the 38.2% and trades to a new year highThe GBPJPY is trading higher today and is one of the biggest movers. The pair is up 0.80% currently. That comes after an even better gain of 1.4% yesterday.Looking at the daily chart, the buyers have been able to extend the price above the 38.2% retracement of the move down from the end of October high. That level comes in at 161.747. The high price has reached 162.165 today. Stay above now, is more bullish. The high from December 28 at 162.329 is the next upside target. Move above…
Share: Federal Reserve Bank of New York President John Williams has crossed the wires with a hawkish tone. He said on Tuesday that inflation remains too high and central bank action aimed at cooling price pressures will exact some unavoidable pain on the economy. Reuters reported as follows: Over the last year the Fed “has taken strong actions to bring inflation down,” Williams said in a speech prepared for delivery before a bankers’ group in New York. But, “although we have seen some moderation in recent months, the inflation rate remains far too high at 5%,” and underlying…
BLDE, WCC and TOPS among industrial movers Source link
© Reuters. FILE PHOTO: Former U.S. Vice President Mike Pence is interviewed by Kevin Roberts, president of the Heritage Foundation, in front of an audience at the Heritage Foundation in Washington, U.S., October 19, 2022. REUTERS/Leah Millis/File Photo By Sarah N. Lynch and Susan Heavey (Reuters) -Republican former U.S. Vice President Mike Pence is preparing to resist a grand jury subpoena for testimony about efforts to overturn then-President Donald Trump’s 2020 reelection loss, a source familiar with his plans said on Tuesday. Pence will argue that his role as president of the Senate – making him a member of the…
> WSJ Timiraos: CPI keeps the Fed on track to continue rate increases Fed watcher Timiraos weighs in ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link