Author: FX
FirstEnergy declares $0.39 dividend Source link
Crude Oil Talking Points:Oil prices are holding on to a second consecutive day of gains after support showed at a Fibonacci level on Friday.There’s a short-term falling wedge here and resistance is confluent with another Fibonacci level, opening the door for bullish reversal potential if buyers can push the theme.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free Oil Forecast WTI crude oil is holding on to a bounce so far this week, with a…
© Reuters. FILE PHOTO: U.S. Senator Joe Manchin (D-WV) speaks to reporters following the weekly Democratic caucus luncheon at the U.S. Capitol in Washington, D.C., U.S., November 29, 2022. REUTERS/Sarah Silbiger By David Shepardson (Reuters) – U.S. Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit to be used for consumer leasing, rental cars or ridesharing vehicle sales, rejecting a broad interpretation of the credit. Reuters first reported last week the push by South Korea and some automakers that asked the Treasury Department…
The Dow has moved into negative territory giving up a 707.24 point gain.The indiex is down -24 points now or -0.07%The S&P was up 110.39 points at the high. The index is now up 14.6 points or 0.37%.The Nasdaq was up 427.9 points. It is currently up only 62 points or 0.56%.Easy come. Easy go. In the forex, the dollar selling has seen some slowing but the declines remain. EURUSD is testing its 38.2% retracement of the run up from the pre-release low at 1.05276. That 38.2% retracement comes in at 1.0617. The low price just reached 1.06184EURUSD corrects to…
Data released on Tuesday showed the US Consumer Price Index slowed to 7.1.% y/y from 7.7%. Analysts at RBC Capital Markets see the Federal Reserve raising the Fed Funds rate by 50 basis points on Wednesday and the tey pon out the more encouraging inflation signs make a pause in early 2023 more likely. Key Quotes: “November’s U.S. inflation report brought more green shoots that broader inflation pressures are easing. The headline CPI rate slowed to 7.1% from 7.7% year-over-year in October as price pressure for all major categories slowed.” “Needless to say, despite green shoots in the near-term, price…
SG Blocks buys land to develop multifamily project in Texas Source link
© Reuters. By Peter Nurse Investing.com — Stocks in focus in premarket trade on Tuesday, December 13th. Please refresh for updates. Oracle (NYSE:) stock rose 3% after the software giant better-than-expected revenue in the second quarter, benefiting from strong demand for its cloud software services and the acquisition of electronic medical records firm Cerner. Boeing (NYSE:) stock rose 1.9% after United Airlines (NASDAQ:), down 1%, announced plans to buy 100 Dreamliners, with the option to buy 100 more, to replace its aging wide-body fleet. Tesla (NASDAQ:) stock rose 1.6%, bouncing after slumping over 6% to a two-year low on Monday…
All eyes will be on the FOMC outcome where a 50 bp increase is fully priced in. Hence, attention will be on the dots and what they imply about the rate trajectory, as well as the tone in Chair Powell’s press conference and then the GDP, unemployment rate, and PCE chain price projections for clues on the policy trajectory. Powell already warned that the funds rate forecasts will be revised up. The key is how many and by how much. Upward revisions are anticipated in some of the dots to a 5% handle, as suggested by Powell. We also assume…
In case you’re eager to learn and if you are someone who has the right energy and the will to work hard, then forex trading is definitely worth it, but online trading is not a cash-dispensing machine. If you are afraid of losing, then you may need to rethink getting involved in forex trading. Take part if you feel confident and have a vision, showing how worthy you are to make the most of market opportunities.Mistakes are allowed, we learn from mistakes and become wiser, but greed can drive you to zero! The market is one place where you can…
Uncle Sam’s inflation numbers are up today! Will the release affect the Fed’s plans for tomorrow or nah? Before moving on, ICYMI, yesterday’s watchlist checked out GBP/JPY’s short-term uptrend for pullback opportunities. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: BOC Gov. Macklem reiterates “greater risk” of under vs. overtightening monetary policy US Justice Dept charges SBF with wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy, and money laundering FTX founder Sam Bankman-Fried arrested in…