Author: FX
Japanese Prime Minister Fumio Kishida was speaking in parliament. Earlier:Adding more now:economy’s falling back to deflation cannot be ruledKishida cites:domestic demand-driven inflation remains weak”Inflationary pressure based on domestic demand is not strong yet, as current consumer price increases are brought by global raw material inflation and a weak yen” This is dovish stuff from Kishida. The Bank of Japan is forecasting inflation to fall back from the middle of the next fiscal year (which begins in April, so the middle of the next FY is around October). The BOJ says the rising CPI is being driven by ‘cost-push’ factors that…
USD/CHF picks up bids to extend the previous day’s rebound from weekly low. Convergence of 200-SMA, support-turned-resistance line and a descending trend line from early January appears tough nut to crack for bulls. Impending bull cross on MACD, sustained bounce off 23.6% Fibonacci retracement suggest further recovery. USD/CHF grinds higher past 0.9200, mildly bid while extending the previous day’s rebound from the week’s low during early Friday. In doing so, the Swiss currency pair rebounds from the 23.6% Fibonacci retracement level of its January 06-18 downside, near 0.9160 by the press time. It’s worth noting that the looming bull cross…
© Reuters. FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly/File Photo By Chris Prentice NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is probing registered investment advisers over whether they are meeting rules around custody of client crypto assets, three sources with knowledge of the inquiry told Reuters. The SEC has been questioning advisers’ efforts to follow the agency’s rules around custody of clients’ digital assets for several months, but the probe has gathered pace in the wake…
Australian ‘wholesale’ inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate…
GBP/JPY has dropped firmly to near 161.00 amid a higher-than-anticipated Tokyo inflation report. Annual headline Tokyo inflation has landed at 4.4% while core CPI is released at 3.0%. The BoE is expected to announce a 50 bps interest rate hike to 4.0% next week. The GBP/JPY pair has slipped sharply to near 161.00 as the Statistics Bureau of Japan has reported a higher-than-anticipated Tokyo inflation report for January. The annual headline Consumer Price Index has landed at 4.4% in line with the expectations and higher than the former release of 4.0%. Tokyo’s inflation that excludes food and energy prices has…
Australian Dollar, AUD/USD, US GDP, Fed, Doji – Asia Pacific Market Open:Australian Dollar rose after US GDP data improved sentimentThe mixed report kept door open to both hard and soft landingAUD/USD may rise if Asia-Pacific equities follow the US lead Recommended by Daniel Dubrovsky Get Your Free AUD Forecast Asia-Pacific Market Briefing – AUD/USD May Rise After Rosy US SessionThe sentiment-linked Australian Dollar pulled cautiously higher on Thursday after US GDP data bolstered risk appetite on Wall Street. At the end of the session, the Dow Jones, S&P 500 and Nasdaq 100 gained 0.61%, 1.1% and 1.76%, respectively. This risk-on…
hanibaram Chinese logistics services company Shengfeng Development (SFWL) (SHNG) has set terms for a proposed $25M US initial public offering. The contract logistics services provider said in a filing that it is planning to offer 5M ordinary shares priced at $5 per share. Underwriters would be granted a 45-day option to buy up to $750K additional shares to cover over-allotments. Shengfeng intends to list its shares on Nasdaq under the symbol SFWL. In a previous filing, it indicated the symbol would be SHNG. Univest Securities is serving as lead underwriter. Based in Fuzhou City, China, Shengfeng operates in China though…
grandriver/E+ via Getty Images Winter Storm Elliott knocked ~4.5K bbl/day of oil and 8.5K boe/day from Pioneer Natural Resources’ (NYSE:PXD) expected Q4 production in the Permian Basin, the company said Thursday in an 8-K filing. Pioneer (PXD) said it expects to report Q4 average output of 351K bbl/day of oil and 662K boe/day, compared to 355K bbl/day of oil and 670K boe/day it would have produced if not for the severe weather; production was fully restored by the end of December. The company also expects to report FY 2022 average output of 352K bbl/day of oil and 650K boe/day. Pioneer…
Canoo appoints Ken Manget CFO Source link
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release FridayBetween the progress in certain risk assets (like the Nasdaq 100), the remarkably constraints on the Dollar and the heavy event risk next week; expect Friday confusion Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast When we approach a market with a preconceived bias, there will often be evidence that we…