Author: FX
France GDP expanded 0.1% in Q4 2022, better than forecast Source link
© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann By Noele Illien ZURICH (Reuters) -Switzerland’s UBS Group AG (SIX:) on Tuesday reported a 23% increase in fourth-quarter profit, beating analyst estimates, helped by a fall in costs despite a drop in financial markets. The world’s largest wealth manager kicked off a round of reporting for major European banks, many of which have been cutting jobs and costs in light of waning economic growth. The Swiss bank reported net profit attributable to shareholders of $1.7 billion, versus…
Welcome to the last trading day of all 437 days of January! Whether you’re looking for last-minute trades or you’re setting yourself a strong February, I got yo back with AUD/NZD’s uptrend and Alphabet’s potential breakout. Don’t even think of missing these setups! AUD/NZD 4-hour Forex Chart by TradingView If trends are your friends then it’s time to get acquainted with AUD/NZD’s uptrend. The pair has been giving us higher highs and higher lows since late December but it wasn’t until early January when the 100 SMA crossed above the 200 SMA and confirmed an uptrend. AUD/NZD is currently trading…
Apple Inc，an American multinational technology company that specializes in the design, manufacture, and sale of smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables and accessories (Apple Watch, AirPods, Apple Beats), TVs (Apple TV) and other varieties of related services (iCloud, digital content stores, streaming, licensing services), shall release its Q1 2023 earnings result on 2nd February (Thursday), after market close. What lies ahead for this conglomerate with the largest market capitalization at over $2.3T?Fig 1：Shares of Apples Revenue by Product Category – Source： Statista Apple’s iPhone sales have accounted for most of the company’s total revenue for over the last few…
USD/CAD picks up bids to refresh intraday high, extends bounce off 1.5-month low. Firmer RSI, looming bull cross on MACD keep buyers hopeful. 100-DMA appears crucial hurdle for the bulls to cross. Pullback remains elusive unless the quote stays beyond 1.3300. USD/CAD holds onto the week-start recovery from a six-week low as it crosses the monthly resistance line during early Tuesday, refreshing intraday high around 1.3415 by the press time. In doing so, the Loonie pair justifies the rebound from the 1.3300 round figure, as well as the recovery in the RSI (14) line. With this, the MACD also teases…
ICYMI, a Reuters report with further detail on the news from yesterday:Under strong political pressure to beat deflation, the BOJ signed a policy accord with the government in 2013 and committed to achieving 2% inflation “at the earliest date possible.”The Reuters report is here:Bank of Japan Governor Kuroda will be leaving the Bank in Aporil, policy change is thought to be afoot from then. Source link
Euro, EUR/USD, US Dollar, Fed, ECB, China PMI, AUD/USD. Crude Oil – Talking PointsEuro support eased as markets look toward rate changes this week.A strong Chinese PMI wasn’t enough to overcome weak local data for the AussieThe Fed, ECB and BoE are in the box seat this week. Where will EUR/USD end up? Recommended by Daniel McCarthy Get Your Free EUR Forecast The Euro is steady going into the European session today and is looking to notch up a fourth straight monthly gain after making a 20-year low last September.The US Dollar losing ground across the board has aided the…
Royal Dutch Shell PLC (SHEL.s), the UK/Dutch petrochemical-energy company founded in 1907 with a market capitalization of $210.48B, is expected to release its latest earnings report on Thursday 02 February. According to Zacks, Shell has risen 3.26% in the past month, underperforming its Oil-Energy sector and the US500 by 4.55% and 5.73% respectively. BPA Shell Fuente: Nasdaq Zacks positions Shell Rank #3 (Hold) in the Top 26% positioned #65/249 of the Oil and Gas industry Sector. An EPS of $2.10 is expected for this quarterly report marking a 27.27% year- over-year increase from $1.65 last year, with an ESP of 0.00%. EPS…
The Fed is up in a few trading sessions! Will the central bank’s policy decision extend spot gold’s short-term uptrend? In case you missed reading this week’s top economic events to watch out for, the FOMC is expected to raise its interest rates by another 25 basis points to 4.75%. But everyone and their momma already knew that. Spot Gold (XAU/USD) 1-Hour Chart by TradingView All the drama will come from Jerome Powell’s presser where the Fed Chairman will do his best to communicate that a slowdown in rate hikes DOES. NOT. MEAN. PIVOTING. If Powell succeeds in communicating the…
© Reuters. A view of the city skyline in Singapore December 31, 2020. REUTERS/Edgar Su/Files SINGAPORE (Reuters) – International Monetary Fund’s chief economist said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from China’s economic reopening. Pierre-Olivier Gourinchas told a news briefing on the IMF’s latest global growth forecasts these forces prompted the IMF to reduce Singapore’s GDP growth outlook for 2023 to 1.5% from a 2.3% forecast issued last October. (Reporting Xinghui Kok; Writing by David Lawder; Editing by Tom Hogue)…