Author: FX

onurdongel/iStock via Getty Images More than half of the 54.5 GW of new utility-scale electric generating capacity projected to be added to the U.S. grid in 2023 will be powered by solar energy, the U.S. Energy Information Administration said Monday. Additions of solar capacity fell 23% in 2022 from the previous year due to supply chain disruptions and other challenges related to the COVID-19 pandemic, but the EIA expects some projects delayed in 2022 will begin operating in 2023, when developers plan to install 29.1 GW of solar power in the U.S. If all planned capacity actually comes online, the…

© Reuters. A person holds a flag aloft at the U.S. Capitol, where tomorrow night U.S. President Joe Biden will deliver his the State of the Union Address, in Washington, U.S., February 6, 2023. REUTERS/Kevin Lamarque WASHINGTON (Reuters) – U.S. President Joe Biden will deliver his first State of the Union address after Republicans took control of the House of Representatives in a speech that may mark the unofficial start of the 2024 presidential campaign season. Here is what to expect. WHEN IS THE STATE OF THE UNION? Biden will deliver his 2nd State of the Union address on Tuesday,…

<p>Last week we had another +50bp rate hike from the Bank of England:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-bank-of-england-and-ecb-raise-rates-by-50-basis-points-20230202/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap: Bank of England and ECB raise rates by 50 basis points</a></li></ul><p>BoE officials are on the talking circuit today:</p><p>0900 GMT (0400 US ET) Deputy Governor for Markets and Banking Dave Ramsden </p><ul><li>delivers welcome remarks at the Bank of England and Royal Economic Society's UK Women in Economics Network launch event</li></ul><p>1015 GMT (0515 US ET) Huw Pill, Chief Economist and Executive Director for Monetary Analysis</p><ul><li>chairing a panel at the Bank of England and Royal Economic Society's UK Women in Economics Network…

Share: Further to the earlier announcements by Japan’s Ministry of Finance, Japan’s Finance Minister Shun’ichi Suzuki has crossed the worse and stated that the intervention last year was in response to excessive volatility. The announcements in Tokyo have coincided with a stronger Yen: The Yen is breaking down structures which leaves low-hanging fruit for the bears to target for the day ahead with eyes on the 132.00 area as 132.50 gets broken down. On the 15-min chart, the bears are potentially locking in a high for the day but are yet to crack below Monday’s higher low of the day around 132.39:  …

CVS close to acquiring Oak Street Health for $10.5B – WSJ Source link

© Reuters. FILE PHOTO-An employee of a supermarket named Akidai works at a store in Tokyo, Japan January 20, 2023. REUTERS/Issei Kato TOKYO (Reuters) – Japan’s real wages rose in December for the first time since March despite rising inflation, as nominal pay grew at the fastest pace in nearly 26 years with robust winter bonuses. The market closely watches wage trends in the world’s third largest economy as high pay growth to counter price increases is seen as a crucial condition for the Bank of Japan to scale back its ultra-loose monetary easing. Inflation-adjusted real wages, a gauge of…

S&P 500, Meme Stocks, Dollar, USDJPY, Fed Funds Rate and RBA Decision Talking Points:The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108Market-based rate forecasts have swelled to meet the Fed’s forecasts, lifting the Dollar to notable EURUSD and USDJPY breaksRisk trends were noticeably more restrictive Monday, but meme stock troubles may shake the speculative-driven ‘risk on’ mentality Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The fundamental aftermath of last week’s calendar is strong, but that doesn’t mean it will continue to drive speculative development through the foreseeable future. With the US Dollar, the combined…

National Australia Bank on the Reserve Bank of Australia meeting today, Tuesday, 7 February 2023:The RBA is expected to deliver another 25bp increase to take the Cash Rate to 3.35%, an outcome expected by almost everyone surveyed by the main media outlets (a couple are picking no change, no-one a 50-point increase). Money markets have about 20bps priced. We expect the RBA to keep similar guidance to the December meeting and keep a hawkish bias given domestic inflation pressures, but also acknowledge the improved global inflation backdrop. Near-term wages and underlying inflation forecasts need to be revised higher in Friday’s…

Share: German Economy Minister Robert Habeck expressed optimism on Monday about resolving a European Union trade dispute with Washington, saying he saw room for compromise on certain elements of the US Inflation Reduction Act and its green subsidies, reported Reuters. Reuters also quotes Germany’s Habeck as saying, “There is still a fair chance to reach agreements that will allow European industry to participate, and not be excluded from, the Inflation Reduction Act.” “The US legislative process was completed, but work was now underway on regulations implementing the law,” also mentioned Germany’s Habeck while adding, “That process was far…

TFI International Non-GAAP EPS of $1.72 misses by $0.01, revenue of $1.96B misses by $110M Source link