Author: FX
Headlines:Markets:AUD leads, NZD lags on the dayEuropean equities lower; S&P 500 futures down 0.7%US 10-year yields down 2.7 bps to 3.439%Gold down 0.7% to $1,923.81WTI crude up 0.1% to $80.21Bitcoin down 1.2% to $22,621It was a bit of a quiet session but there were some decent market moves, as risk sentiment turned from being cautious to being put on the defensive.Microsoft warned about a slowing sales outlook and that weighed on tech stocks with Nasdaq futures holding lower by 0.6% at the end of Asia trading, before things turned worse in European morning trade. The mood in equities is perhaps…
USA30, DAILY The US stock indexes and the Russell 2000 have all advanced significantly since the start of the year, signaling optimism for American equities, but how long will that last? Some analysts think stock indexes will continue to rise in the coming months and the recovery will accelerate, but the pressure on consumers from the rapid rise in interest rates tells a different story. Recent data has shown that retail sales have plummeted, forcing companies to start cutting prices and announcing layoffs. The threat of recession risk, worsening fundamentals and the possibility of a hard landing cannot be ruled…
AUD and NZD have both made strong starts in 2023. Economists at CIBC Capital Markets expect Antipodeans currencies to stabilize before staging another leg higher. Early year gains face near-term headwinds “The current outlook is for some consolidation in both AUD and NZD before gains through the remainder of the year. The near-term prompt for that is a retracement and pause being seen in USD/CNH.” “In the medium-term, the leverage of both the AUD and NZD to a significantly more constructive China outlook than previously anticipated is real, and is more so for AUD.” “Q1 2023: 0.68 | Q2 2023:…
WTI Oil Price, Charts and Analysis: Recommended by Zain Vawda Download Our New Q1 Oil Forecast Most Read: Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?WTI FUNDAMENTAL OUTLOOKCrude Oil has struggled since a bullish start to the week as technical and fundamental factors form a perfect cocktail. The Chinese Lunar Holidays coupled with some economic and demand concerns have kept oil prices on the back foot.There have been a host of factors that could be attributed to the decline in oil prices this week. The optimism around a demand surge from China remains on hold…
artJazz The European Commission (EC) granted orphan drug designation to Poxel’s (OTC:PXXLF) PXL770 and PXL065 to treat adrenoleukodystrophy (ALD). ALD is a type of hereditary condition which damages the membrane (myelin sheath) that insulates nerve cells in the brain. The disorder is the result of fatty acid buildup and affects the nervous system and adrenal glands. The EC adopted the positive opinion issued by a panel of the European Medicines Agency (EMA) to designate the status to the drugs. The French company said that both compounds are preparing to enter into phase 2a proof-of-concept biomarker studies in patients with ALD…
Microsoft shares gain 4% on Q2 EPS beat By Davit Kirakosyan and Geoffrey Smith Investing.com — Microsoft (NASDAQ:) shares are set to open under pressure later Wednesday after the software giant reported its slowest sales growth in six years and warned that there may be worse to come. grew only 2% year-over-year in the three months through December to $52.7 billion, missing the consensus estimate of $53.12B. While earnings were fractionally ahead of expectations at $2.32 a share, but were still down 12% on the year at $16.4B. Microsoft’s numbers have significant implications for the rest of the U.S. stock…
Based on the latest monthly economic report, the government assesses the economy as “picking up moderately, although some weaknesses have been seen recently”. There was also a downgrade to the view on exports – the first since November 2021 – and also the view on imports – the first since October last year.The full report can be found here. Source link
Heads up, commodity traders! I’m seeing a reversal pattern on the 4-hour chart of crude oil, and it looks ready to play out. Here are the levels I’m watching: WTI Crude Oil (USOIL) 4-hour Chart by TradingView Anyone hoping to catch the crude oil rally? More gains might be in the cards, as the commodity price formed a double bottom and is currently testing the neckline. A break higher could set off a climb that’s the same height as the chart formation, which spans around $72-82 per barrel. Technical indicators seem to be lining up for a bullish breakout, too.…
Many Asian markets back (China & Taiwan remain closed all week) and higher today, NYSE suffered tech meltdown (250+ stocks paused trading on Open) US Stocks mixed following a raft of uninspiring Earnings. #MSFT had its weakest quarterly sales growth in 6-yrs but EPS beat. -0.22% on the day & -1.02% after hours. PMI data from EZ & US weak, but better than expected, UK data weak & missed. USDIndex recovered 102.00, EUR close to 9-mth highs. Hot CPI (8.4% & 32-yr high vs 7.6%) in AUD on bid & it lifts the outlook for hikes from RBA 7/2. AUD…
Blackhawk Bancorp GAAP EPS of $1.41, revenue of $15.48M Source link