Author: FX
USA100, Daily A flurry of economic reports had mixed but little net impact on the markets which continue to position for the upcoming FOMC meeting as well as digest earnings news. Stronger than forecast Q4 GDP and a further decline in jobless claims were offset by a disappointing news on durables and home sales, even though the latter two saw better than expected headlines. Major US stock market indices were volatile early on as the reports were digested, but recovered through the afternoon. The better headline numbers added to expectations that any recession will be short and shallow. And equity…
© Reuters. FILE PHOTO: The Boeing logo is seen on the side of a Boeing 737 MAX at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. REUTERS/Peter Cziborra By David Shepardson (Reuters) -Relatives of people killed in two fatal 737 MAX crashes asked a U.S. judge on Wednesday to name an independent corporate monitor to oversee Boeing (NYSE:) Co’s compliance efforts with a 2021 deferred prosecution agreement. U.S. District Judge Reed O’Connor last week ordered Boeing to appear in court on Thursday in Fort Worth, Texas, to be arraigned on a felony charge after families of those killed…
USDJPY, Rate Forecasts and Volatility Talking Points:The Market Perspective: USDJPY Bullish Above 132USDJPY has developed a remarkably consistent channel, which has led to a range trading-like response from retail traders; but a break will be necessitated sooner than laterCarry trade appetite is still a strong influence on USDJPY; but with a FOMC plateau seen in the near-future, will risk trends take precedence? Recommended by John Kicklighter Get Your Free JPY Forecast Like most of the Dollar-based crosses, USDJPY is struggling to establish a clear bearing. There is a prevailing bear trend that has developed following the November 10th breakdown –…
This is via the folks at eFX. For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here. Goldman Sachs discusses USD/JPY outlook in light of its forecasts revision.”While the BOJ’s apparent flexibility on the current policy stance has shifted the balance of risks in favor of further Yen strength, the combination of no imminent exit from YCC and our more constructive view on US growth for 2023 relative to consensus fears of a recession should allow the Dollar…
Higher-than-expected Australian inflation data increased the odds of a rate hike by the RBA. Sentiment shifted mixed as Wall Street’s fluctuated between gainers/losers. AUD/USD Price Analysis: A daily close above 0.7100 will pave the way for further gains. The Australian Dollar (AUD) rose to a fresh five-month high at 0.7122 against the US Dollar (USD) on Wednesday, following the release of Australian inflation data that cemented the case for further tightening by the Reserve Bank of Australia (RBA). Except for the Australian Dollar, risk aversion keeps high beta currencies pressured. Hence, the AUD/USD is trading at 0.7106 at the time…
Northrop Grumman Q4 2022 Earnings Preview Source link
2/2 © Reuters. FILE PHOTO: New York, U.S. – September 10, 2017 – Rupert Murdoch, Chairman of Fox News Channel stands before Rafael Nadal of Spain plays against Kevin Anderson of South Africa. REUTERS/Mike Segar 2/2 By Dawn Chmielewski, Svea Herbst-Bayliss and Milana Vinn NEW YORK (Reuters) – Large shareholders in News Corp (NASDAQ:) on Wednesday applauded Rupert Murdoch’s decision to withdraw a proposal to reunite the owner of Dow Jones and Fox Corp, as News Corp decided to pursue a sale of Move Inc instead. News Corp is in talks to sell Move, which operates the Realtor.com website, to…
GBP/USD bounces off weekly lows and reclaims 1.2300 on a soft US Dollar. The Producer Price Index in the UK cools down, sparking speculation that the Bank of England could tighten but not as aggressively as foreseen. Thursday’s US economic docket would feature GDP, unemployment claims, Durable Good Orders, and core PCE. The GBP/USD solidly climbs and trims two days of consecutive losses after hitting a weekly low of 1.2263 on Wednesday. Risk aversion is the game’s name, while the US Dollar (USD) is pairing some of its earlier losses, underpinned by US bond yields rising. The GBP/USD is trading…
WI level at the time of the auction 3.554% Auction Grade: AOnce again, the international demand comes to the rescue taking 11% more than the 6 month average. The Domestic demand was marginally lower. Dealers have a low 8.8% of the leftovers. Bid Bid In a market, a bid is a price at which a buyer is willing to purchase a specific security, such as a currency, stock or bond. It is the highest price that a buyer is willing to pay for a security. Bids are typically made by market participants such as investors and traders, and are usually…
Indices Talking Points:US equities put in a pullback this morning with the S&P 500 finding support at the 200-day moving average. The Nasdaq is holding trendline resistance with the next significant spot of resistance at the 200-day moving average. And the bullish trend in the Dow that led the way higher in Q4 remains on its back foot, with the 200 dma as a key invalidation level for bulls.The S&P and Nasdaq have both put in signs of strength lately, but we’re getting into the thick of earnings season now and this afternoon brings Tesla’s quarterly earnings announcement, which can…