Author: FX
© Reuters. FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a joint news conference with German Economy and Climate Minister Robert Habeck (not seen) at the Bercy Ministry in Paris, France, February 7, 2022. REUTERS/Sarah Meyssonnier/ By Christian Kraemer and David Lawder WASHINGTON (Reuters) -France and Germany’s economy ministers found a willingness in Washington to engage with Europe’s concerns over subsidies for green technologies under the U.S. Inflation Reduction Act, but emerged with few specifics from meetings with top officials there. European capitals worry that the act, designed to shelter U.S. companies from the impact of…
keni1/iStock via Getty Images Consol Energy (NYSE:CEIX) closed +7% on Tuesday after reporting strong Q4 results, including record $5.39/share quarterly profit that crushed analyst estimates and an 11% Y/Y increase in coal sales volume to 6.2M tons. Consol (CEIX) said it expects to raise production ~8% this year, and that it already has contracts to sell 90% of it at prices as much as 20% higher than it got for 2022. But the dramatic turnaround of the U.S. coal industry may be running out of steam, Bloomberg reports, as coal prices are falling and milder than than expected weather has…
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: WTI grinds higher after crossing one-week-old resistance line. Unimpressive oscillators, 50-DMA challenges Oil bulls ahead of the key 100-DMA hurdle. Pullback remains elusive below $75.60 support confluence, $73.00-72.50 region appears a tough nut to crack for bears. WTI crude oil struggles to extend the previous day’s stellar run-up around the weekly top, making rounds to $77.70-60 during early Wednesday. In doing so, the black gold seesaws around the 50-DMA amid sluggish RSI (14) and MACD signals. It’s worth noting, however, that Tuesday’s upside break of a one-week-long descending trend line keeps WTI bulls hopeful. Hence, a clear…
Eagle Materials declares $0.25 dividend Source link
Dow Jones Industrial Average, Meme Stocks, VIX, Dollar, Fed Funds Rates and USDJPY Talking Points:The Market Perspective: EURUSD Bearish Below 108, Dow Range Between 34,200 and 33,200Fed Chairman Powell’s remarks were closely watched by the market, but market rate forecasts had already closed the gap to the central bank forecast before he spokeWith US rate expectations finding balance and the next 24 hours’ docket light, the greatest potential for a strong move is a surprise headlines or a more rudimentary ‘risk’ development Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The market’s alertness to rough seas in…
© Reuters. FILE PHOTO: A hooded man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017. REUTERS/Kacper Pempel/Illustration/File Photo By James Pearson and Raphael Satter LONDON/WASHINGTON (Reuters) -A global ransomware outbreak has scrambled servers belonging to Florida’s Supreme Court and several universities in the United States and Central Europe, according to a Reuters analysis of ransom notes posted online to stricken servers. Those organizations are among more than 3,800 victims of a fast-spreading digital extortion campaign that locked up thousands of servers in Europe over the weekend, according to…
<p>This is related to the Chinese spy balloon that was shot down over the US on the weekend. </p><ul><li>China declined a US request for a phone call between the Pentagon chief and China's defence minister</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
EURUSD, Dollar, Interest Rate and FOMC Talking Points Talking Points:The Market Perspective: EURUSD Bearish Below 1.0700The technical structure behind EURUSD the past four months has put the power back into the bulls’ control, but the strong reversal just of the past four days may change our courseFed Chairman Powell caused more than his fair share of volatility this past session in Dollar pairs, but the FX market may have already been prompted to pull out of its dive before his remarks Recommended by John Kicklighter How to Trade EUR/USD While EURUSD’s course these past four months wasn’t exactly a one-way…
Amkor Technology, Inc. declares $0.075 dividend Source link