Author: FX
Longboard Pharmaceuticals prices $20M offering Source link
2/2 © Reuters. FILE PHOTO: Equinor’s logo is seen at the company’s headquarters in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins/File Photo 2/2 By Nerijus Adomaitis OSLO (Reuters) – Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous record thanks to soaring gas prices and with fourth-quarter results beating analysts’ expectations. The oil and gas producer’s adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15 billion a year earlier, beating the $14.4 billion predicted in a poll of 25 analysts compiled by Equinor. Net profit for…
After the volatile moves from Fed chair Powell’s remarks late yesterday, markets are sitting calmer today with US futures little changed and major currencies observing a snoozefest. At this stage, the risk mood is the key driver of trading sentiment in my view but there won’t be much for traders to work with in the coming sessions.There will be a couple more Fed speakers coming up but in terms of data (which is the most important driver at the moment), we might have to wait until the University of Michigan’s consumer sentiment survey on Friday for something to work with.…
Can you believe it’s already the middle of the week? Get over any mid-week hump by taking advantage of EUR/USD and CHF/JPY reaching trend make or break zones! The pairs’ 4-hour charts should tell us more: EUR/USD 4-hour Forex Chart by TradingView First up is a textbook trend pullback play for EUR/USD. The pair is finding support from the 1.0700 zone, which isn’t surprising since the psychological level conveniently lines up with the 61.8% Fibonacci retracement of 2023’s upswing, a key resistance back in December, and an ascending channel support on the 4-hour time frame. How low can EUR/USD go…
Share: USD/CAD holds lower ground while defending the previous day’s reversal from 13-day high. US Dollar remains indecisive even as yields retreat, pays little heed to US President Biden’s SOTU amid mixed Fedspeak. BoC’s Macklem hints at a pause in rate hikes but failed to impress pair buyers. Risk catalysts could entertain Loonie traders ahead of Friday’s key jobs report from Canada. USD/CAD makes rounds to 1.3400 as bulls and bears jostle during early Wednesday morning in Europe. In doing so, the Loonie pair fails to justify dovish comments from Bank of Canada (BoC) Governor Tiff Macklem, as…
Crude Oil, WTI, Brent, US Dollar, API, Turkey, Norway, Powell, Kashkari – Talking PointsCrude oil lifted as the US Dollar fell on hopes of a less hawkish FedFed Chair Powell reaffirmed higher rates, but equities and currencies don’t careIf the Fed raises rates as they say they will, where will WTI go? Recommended by Daniel McCarthy Get Your Free Oil Forecast Crude oil has held onto overnight gains with the WTI futures contract trading above 77 U.S. Dollars and the Brent contract is trading over 83.50 U.S. Dollars.Risk assets were generally buoyed going into the Asian session by the perception…
Euronet Non-GAAP EPS of $1.39 beats by $0.15, revenue of $865.7M misses by $8.78M Source link
5/5 © Reuters. Firefighters work to extinguish a wildfire in Quillon, Chile, February 7, 2023. REUTERS/Ivan Alvarado 2/5 By Ivan Alvarado QUILLON, Chile (Reuters) -Chilean authorities on Tuesday warned of a “very complex” situation as a new heat wave in the country’s south-central region threatened to further fan the flames of dangerous forest fires that have already left 24 dead. Over 293,000 hectares (724,000 acres) have been ravaged by fires this season, and forecasts for higher temperatures stretching from Santiago to the southern regions that have been the focal point of the flames have raised concerns about the 82 active…
The Reserve Bank of Australia titled more hawkish in its decision and Governor Lowe’s statement yesterday: CBA had been forecasting yesterday’s rate hike as the last, but have now tipped 3.85% as the terminal rate yet to come, from its prior 3.35%Via Gareth Aird, head of Australian economics at CBAthe surprise was not in the decision, but rather the shift in tone and forward guidance in the Governor’s StatementThis change implies that the RBA Board has essentially made up their mind and intend to raise the cash rate further over coming months, if the economic data prints in line with…
Share: More comments are flowing in from the Bank of Canada (BoC) Governor Tiff Macklem, as he continues to speak on the monetary policy outlook. “Flags debt load in explaining early rate pause.” “Rate hikes have hit homeowners hard.” “Central bank needs time to gauge how households, businesses adapting to higher rates before it makes further moves.” “Real estate market will probably soften further before it stabilizes later this year.” On the duration of rate pause says “we can’t put it on a calendar. We don’t know how long it’s going be.” Market reaction USD/CAD was last seen…