Author: FX

US labour market is still very tightShe mentions that there is encouragement from recent data that the rate of US inflation has declined. Well, the trend in the past few months is a welcome development but it remains to be seen if this is enough to stay the course for inflation to return towards 2% or if we will eventually hit a spot where inflation is seen as being more sticky – one that is well above the 2% mark. Source link

 Ahead of Wednesday’s Australian quarterly Consumer Price Index (CPI) data release, the country’s Treasurer Jim Chalmers said that the worst part of the country’s inflation crisis was over. Key quotes “The Australian economy will begin to soften a bit this year and that is the inevitable likely consequence of higher interest rates and a slowing global economy.” “That’s why our economic plan is cost-of-living relief in a responsible way and growing the economy without adding to these inflationary pressures.” “Energy is a bigger part of our inflation challenge in our economy.” Market reaction AUD/USD was last seen trading at 0.6997,…

#Johnson&Johnson, Daily Johnson & Johnson is a stock that naturally attracts a lot of investor interest because it is a component of the S&P 500 and one of the 30 stocks that make up the Dow Jones Industrial Index. J&J’s rebound from 159.11 erased some of the losses started in April 2022, but the rebound stalled at 181.02 in December. Even though in January there was an attempt to match the December high, it was only recorded as far as 180.88, before sliding beyond the 174.06 support. It is now trading in the range of ±168.00. Johnson & Johnson stock has…

Chinese New Year celebrations – many centres are closed in Asia. Treasuries sagged to end on a bearish week. USDIndex at 101.30 low as the market continued to price out a 25 bp rate hike on February 1 & BoJ’s latest attempt to keep a lid on yields, along with some profit taking. Wall Street (US100 +2.66%), 10-year Treasury yield is at 3.48%. Options expirations likely helped support the advance. A report of big layoffs at Alphabet added to recession fears and weighed initially, but signs of cost cutting enticed dip buying. Goldman Sachs slipped…

Vision Marine Technologies to raise capital via ~$7.3M stock offering Source link

A risk-friendly trading environment helped boost TSLA to its monthly highs last week. Has the stock bottomed? Or is it just pulling back from its bigger trend? TSLA is trading near 135.00, which is higher than last week’s open price above 125.00 and much higher than its 2023 lows below 102.00. In fact, TSLA capped its second consecutive positive week after a weak start to the year! Tesla Inc (TSLA): Daily Tesla Inc. Daily Equity Chart by TradingView We don’t have far to look for the cause. Start-of-year risk-taking and not-so-disappointing U.S. earnings reports have encouraged traders to price in…

2/2 © Reuters. FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa via REUTERS 2/2 OSLO (Reuters) – Nokia (NYSE:) said on Monday it has signed a new cross-license patent agreement with Samsung (KS:) following the expiry of a previous agreement at the end of 2022. “Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023,” the Finnish company said. The terms of the agreement remain confidential, it…

Start the trading week off with a look at these swing setups! Can ETH/USD and WTI crude oil sustain their bullish momentum? And will Cable join in on the rallies, too? GBP/USD Daily Forex Chart by TradingView Reversal alert! GBP/USD is completing its inverted head and shoulders on the daily time frame, and it’s already testing the neckline resistance. A break above this upside barrier could set off a rally that’s the same height as the chart pattern, which spans approximately 2,000 pips. I know I wouldn’t wanna miss that! But what are technical indicators saying? The 100 SMA is…

AUD/USD clings to mild gains after snapping four-week uptrend. Risk appetite remains positive amid talks of soft landing, policy pivot in the US. China’s week-long Lunar New Year holidays, pre-Fed blackout restrict immediate moves. Australia CPI, US Q4 GDP will be crucial for fresh impulse. AUD/USD seesaws around 0.6980-85 as it defends the week-start gains amid a sluggish Monday morning in Europe. In doing so, the Aussie pair remains mildly bid amid week-long holidays in China and the US Federal Reserve (Fed) policymakers’ stipulated off from the public appearances ahead of early February’s Federal Open Market Committee (FOMC) meeting. It’s…

There isn’t anything significant on the board for today, with there being few expiries of note lined up for the week ahead as well.It’s a pseudo-holiday in markets with most of Asia out throughout the week, so that might be one reason but in terms of expiries interest, it has been quite limited so far to start the new year. There is a large one for EUR/USD today at 1.0710 but given price action and how far the expiries are, it isn’t likely to feature whatsoever.For more information on how to use this data, you may refer to this post…