Author: FX
© Reuters. Asylum seekers gather after crossing the Rio Grande river in an attempt to enter the United States, as seen from Matamoros, at a makeshift camp, in Matamoros, Mexico June 21, 2023. REUTERS/Daniel Becerril/File Photo By Ted Hesson WASHINGTON (Reuters) -A group of Democratic lawmakers from Texas on Tuesday urged the state’s Republican governor to halt his aggressive border security campaign after a report alleged that Texas authorities were ordered to deny water to migrants in extreme heat and to push migrant children back into the Rio Grande River. The lawmakers, led by Representative Joaquin Castro, called on Democratic…
Wachiwit/iStock Editorial via Getty Images Update 8:35pm: Adds J&J comment. Johnson & Johnson (NYSE:JNJ) will have to pay $18.8 million after a jury ruled in favor of man who claimed that the pharmaceutical company’s talc-based baby powder was responsible for his mesothelioma. The jury awarded plaintiff Anthony Hernandez Valadez $18.8 million in damages in an Oakland, California courtroom on Tuesday. The case was the first in two years in talc-based litigation against J&J after thousands of other cases were halted as J&J attempted to separate its talk liability in a Chapter 11 bankruptcy for its LTL Managent unit. The case…
Inflation data from New Zealand for the April – June quarter of 2023–Background here:New Zealand inflation data is expected to support the RBNZ on-hold monetary policy This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: EUR/USD bears are looking for a free lunch and low-hanging fruit. EUR/USD is moving into a key area on the hourly charts. EUR/USD was down in late New York trade but overall little changed after failing to the breakout of last week’s highs again although hitting 1.12750, the highest since Feb. 2022. Meanwhile, the US Dollar rose from a 15-month low against a basket of currencies on Tuesday after core Retail Sales saw strong gains in June. Core sales showed resilience and increased 0.6% in June. Data for May was also revised slightly up to show core retail sales increasing 0.3% instead of…
PK-Photos United Airlines Holdings (NASDAQ:UAL) will report Q2 earnings on July 19. The airline giant is expected to report operating revenue of $13.93B and EPS of $4.05. United is seen as having a 85.2% load factor for the quarter off revenue passenger miles of 62.8B. Guidance from the Chicago-based carrier will feature an update on the new flights over the Pacific and Atlantic this year. Analysts are also looking for more details on the union contract with pilots and expected costs. Morgan Stanley viewed United Airlines (UAL) favorably ahead of the report. “We believe capacity will likely come in lower…
Recommended by Diego Colman Get Your Free USD Forecast US DOLLAR OUTLOOK:The U.S. dollar has fallen significantly in recent weeks, with the DXY index near yearly lows at the time of writingThe period of weakness could be prolonged if the Fed adopts a less aggressive stance at its July meetingThe FOMC is expected to raise rates by 25 basis points, but markets will focus more on guidanceMost Read: Japanese Yen Setups: USD/JPY Hugs Fibonacci Support, EUR/JPY Eyes Key ResistanceThe U.S. dollar, as measured by the DXY index, fell sharply during the first half of the month, but has lacked conviction…
2/2 © Reuters. FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu delivers a statement at the Palmachim Air Force Base near the city of Rishon Lezion, Israel July 5, 2023. REUTERS/Amir Cohen/File Photo 2/2 JERUSALEM (Reuters) – U.S. President Joe Biden has invited Prime Minister Benjamin Netanyahu to meet at the White House in September, Israel’s national security adviser, Tzachi Hanegbi, said on Tuesday, though the White House has yet to confirm the details. Hanegbi told N12 News that in their phone call on Monday, “The president of the United States told the prime minister, contrary to reports which I saw…
Can the RBNZ resume its tightening cycle anytime soon? The upcoming New Zealand quarterly CPI release might have some clues! Event in Focus: New Zealand Consumer Price Index (CPI) and inflation data for Q2 2023 When Will it Be Released: July 18, 2023 (Tuesday), 10:45 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI q/q: +0.9% forecast vs. +1.2% previous Relevant Data Since Last Event/Data Release: Food price index jumped by 1.6% m/m in June, following meager 0.3% and 0.5% gains in May and April respectively ANZ commodity prices down…
The AUDUSD is consolidating in up-and-down trading. On the downside, a swing level of 0.6786 followed by the 38.2% retracement of the move up from the July 6 low at 0.67814, is providing the support (see red number circles and the retracement level). On the topside, the rising 100-hour moving average at 0.68305 (blue line in the chart below) and a short-term swing area near 0.6837 is resistance. The current price trades at 0.6823. Traders will be looking for a break of either extreme to give the next clues. Right now, the short-term bias is more neutral between the levels.AUDUSD…
Share: Pound Sterling has surrendered their entire gains and has dropped back into the woods. United Kingdom’s inflation is expected to soften as producers have cut prices at factory gates. The Bank of England might continue raising interest rates as the 2% target remains far. The Pound Sterling (GBP) has fallen back below the round-level resistance of 1.3100 as uncertainty ahead of the United Kingdom’s inflation data has increased again. The GBP/USD pair struggles in finding a key trigger and has been oscillating near 1.3100. The current volatility squeeze is expected to be followed by an explosion once inflation data…