Author: FX
By Ambar Warrick Investing.com– New Zealand’s consumer price index remained pinned to a 32-year high in the fourth quarter, heralding continued pressure on the economy from historically high price pressures, although the reading did come below the Reserve Bank’s expectations. grew an annualized 7.2% in the three months to December, data from Statistics New Zealand showed on Wednesday, remaining steady from the prior quarter and slightly beating expectations of 7.1%. The index remained at its highest level since June 1990. On a , inflation grew 1.4%- slightly more than expectations of 1.3%, and less than the September quarter’s reading of 2.2%.…
Analysis from Kiwi Bank in New Zealand on the CPI data published earlier today:The December quarter inflation report was slightly above market expectations, but below RBNZ expectations. The inflation rate held at 7.2%. And price pressures remain intense, for now.There were some upside surprises in the basket, particularly airfares. The return of international tourists have enabled some chunky price hikes, with accommodation services up 14%yoy.We are seeing the peak in inflation now. And the outlook for inflation, both offshore and onshore, is improving. The world war on inflation is being won.We now expect the RBNZ to deliver a 50bp hike…
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of CY2022. The EUR/USD pair is aiming for a recovery extension to near the critical resistance of 1.0900 as the odds of hawkish European Central Bank (ECB) bets are soaring dramatically. The major currency pair is looking to extend its upside journey further as the expectations…
South Atlantic Bancshares GAAP EPS of $0.52, revenue of $13.61M Source link
Microsoft (MSFT), Earnings, FAANG, Tech, Nasdaq 100 and Dow Talking Points:The Market Perspective: Nasdaq 100 Range from 11,600 to 10,600While tech-giant Microsoft reported a better-than-expected $2.32 EPS, its revenues fell approximately $700 million short of consensus estimatesDespite the mixed basic financial performance, MSFT shares rallied as much as 5.3 percent higher from Tuesday’s official close – bringing the market close to the 200-day SMA at 256 Recommended by John Kicklighter How to Trade FX with Your Stock Trading Strategy The US equity market looks as if it could use some tangible fundamental backing to make a genuine run at an…
The API oil inventory data for the week of January 20, will be released to subscribers at around 4:30 PM ET today. That data is a prelude to the EIA weekly inventory data tomorrow. Recall, that the last two crude oil Read this Term stocks had much higher than expected builds. Last week the build was 8.41M barrels and the prior week was 18.962M barrels (highest since March 3, 2021 week). So what are the expectations for the data tomorrow?Crude stocks are expected to show another build but only about 1M barrelsGasoline stocks are expected to show a build of…
American Lithium, Yield10 Bioscience among major Energy/Material gainers, Amyris leads losers Source link
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen reacts during a meeting with Chinese Vice Premier Liu He in Zurich, Switzerland, January, 18, 2023. REUTERS/Denis Balibouse/File Photo WASHINGTON (Reuters) – After U.S. Treasury Secretary Janet Yellen called China a “barrier” to debt reform in Africa this week, Chinese officials in Zambia had a pointed response – get your own house in order. The Chinese Embassy in Zambia said on its website Tuesday “the biggest contribution that the U.S. can make to the debt issues outside the country is to act on responsible monetary policies, cope with its own debt…
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US Dollar Talking Point: Recommended by James Stanley Get Your Free USD Forecast It’s been a week now and the US Dollar is still grasping for support at the 101.77 level that had come into play last Monday. That price was tested through on Wednesday and then again yesterday but, as of yet, there’ve been no closed daily candles below indicating some element of support showing from this spot on the chart.On the other side of the argument, however, bulls haven’t exactly taken control of the matter as there’s been a continuation of lower highs on the daily chart. At…