Author: FX

© Reuters. Royal Caribbean Cruises earnings beat by $0.19, revenue fell short of estimates Investing.com – Royal Caribbean Cruises (NYSE: RCL) reported fourth quarter EPS of $-1.12, $0.19 better than the analyst estimate of $-1.31. Revenue for the quarter came in at $2.6B versus the consensus estimate of $2.61B. Guidance Royal Caribbean Cruises sees Q1 2023 EPS of $-0.65 versus the analyst consensus of $-0.80. Royal Caribbean Cruises sees FY 2023 EPS of $3.00-$3.60 versus the analyst consensus of $3.25. Royal Caribbean Cruises’s stock price closed at $69.09. It is up 19.70% in the last 3 months and down -19.92%…

I am more cautious than markets on rate pathEspecially when there is still strong wage growth and other indicatorsHousing market is starting to show signs of life again, makes our job harderIt means we would have to do more with our other toolsThe dollar is gaining on his remarks with EUR/USD and GBP/USD at the lows for the day, around 1.0698 and 1.1972 respectively. Kashkari is a voting FOMC member this year, so these remarks are somewhat notable. It seems like the lack of impact from rate hikes on the jobs market is making Kashkari stick to his view that…

Share: Minneapolis Federal Reserve (Fed) President Neel Kashkari told CNBC on Tuesday that he was surprised by the January jobs report, per Reuters. Key takeaways “We are not seeing much imprint of our actions on labor market.” “I am not lowering my rate path, still around 5.4%.” “I’m not changing my forecast for rates for now.” “I wish we saw more evidence underlying inflation was trending down more.” “Services side of economy is still very robust.” “We have to bring labor market into balance, haven’t done enough yet.” “Nobody should overreact to one report, but there is underlying…

Gold Price (XAU/USD), Chart, and AnalysisUS Treasury yields eye multi-week highs.Gold looks oversold but remains vulnerable to further downside. Recommended by Nick Cawley How to Trade Gold The yield on the interest-rate sensitive UST 2yr is sitting just below levels last seen at the end of last year after last Friday’s blow-out US Jobs Report sent bond yields spiraling higher. With expectations now of higher yields for longer, gold will struggle to regain its recent lofty levels.US Treasury 2-Year YieldsLater in today’s session (17:40 GMT), Fed chair Jerome Powell will speak at The Economic Club of Washington, his first public…

T-Mobile US to sell $3B senior notes Source link

© Reuters. FILE PHOTO: A logo is pictured on the Credit Suisse bank in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse/File Photo (Reuters) – Apollo Global Management (NYSE:) Inc is among a group of financial firms in talks to buy a stake in Credit Suisse Group’s revamped investment bank, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The talks with Apollo are continuing and could still fall apart, the report said, without mentioning the size of the potential stake or the potential deal value. Credit Suisse declined to comment on the report and Apollo did…

Although many non-traders and even traders believe that trading is very difficult, truth of the matter is, the concept of trading the forex markets is very simple. Forex traders simply must buy a currency pair when they believe that price is going up and sell it back to the market once price is higher than their entry price. On the flip side, traders can also short a currency pair when they believe price will go down, then buy it back again when price is lower than their entry point. However, most traders experience a lot of difficulty trading the forex…

Trading Leveraged Products is risky RBA raised rates as expected by 25bp & signaled more to come – AUD rallied, USD holds at recent 1-mth highs & Yields remain elevated too. US Stocks closed lower but Asian markets & European FUTS are higher. Google announced “Bard”, Baidu “Ernie Bot” and MSFT will announce their own AI today – all in response to the ChatGPT phenomenon. North Korea stole between $630m – $1 bln crypto’s in 2022 – UN report. The USD Index continued to rally from 8-mth lows last week at 100.65. Third day higher…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

In case you missed it, the Reserve Bank of Australia (RBA) just raised its interest rates for a ninth consecutive meeting, this time by 25 bps to 3.35% as markets had expected. Australia’s interest rates – now 325 bps higher since the start of RBA’s rate hike program – are at their highest since September 2012. More importantly, RBA members also noted that they expect that “further increases in interest rates will be needed over the months ahead.” Yipes! Meanwhile, the Bank of England’s (BOE) 50bps rate hike last week came with dovish tones including dropping a pledge to “forcefully”…