Author: FX

© Reuters. Mexican authorities keep watch as migrants descend from a tractor-trailer where they were transported to the U.S. at a checkpoint in Chiapa de Corzo, in Chiapas state, Mexico January 18, 2023. REUTERS/Jacob Garcia By Lizbeth Diaz and Jose Luis Gonzalez CIUDAD JUAREZ/MEXICO CITY (Reuters) – Migrants on Mexico’s northern border on Wednesday began entering the United States using a mobile app designed to facilitate the process of applying for asylum, although several quickly reported difficulties in using the system. This month, the Biden administration said it would broaden use of the so-called CBP One app to allow asylum…

Employment change -14.6K vs. +22.5K expected and prior +64K Eamonn Sheridan Thursday, 19/01/2023 | 00:31 GMT-0 19/01/2023 | 00:31 GMT-0 Australian jobs report for December 2022The labour market has been on a rip, but a net jobs loss in this December report.JObs and jobless graphs:Some slowing is no surprise given the series of Reserve Bank of Australia rate hikes. One of the intended aims of these hikes, harsh as it sounds, is a slowing of demand. this involves job losses and the tick higher in the jobless rate shows this. The November jobless rate was revised higher to 3.5% also.…

New Zealand Dollar, NZD/USD, NZ PM Resigning, US Data – Asia Pacific Market Open:NZD/USD looks past New Zealand Prime Minister Jacinda Ardern resigningRather, the Kiwi Dollar sank earlier as risk aversion boosted the US DollarNew Zealand Dollar vulnerable if sentiment deteriorates in Asia-Pacific trade Recommended by Daniel Dubrovsky Get Your Free USD Forecast Asia-Pacific Market Briefing – New Zealand Dollar Looks Past NZ PM Ardern Stepping DownThe New Zealand Dollar was little changed after reports crossed the wires that Jacinda Ardern, New Zealand’s Prime Minister, announced that she would step down by February 7th. She also called for an election…

USD/JPY whipsawed around BoJ mystery. It is likely speculation of another adjustment to YCC will build again in March. USD/JPY is down some 0.2% as we head into Tokyo following a turbulent time over the past few session due to the Bank of Japan deliberations that resulted in a surprise for financial markets not knowing at first quite what to make of it. At the time of writing, USD/JPY is trading at 128.58 and has moved within a range of between 128.44 and 128.88.  BoJ unravelled  To unravel the mystery behind the Bank of Japan here, a number of insights from various banks…

USDJPY, S&P 500, Nasdaq 100, Dollar, EURUSD and Netflix Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00Capitalizing on the interest in rate speculation and over-inflated volatility expectations heading into the BOJ decision, USDJPY experienced a massive reversalRisk trends seemed on solid footing through much of the Wednesday session until a collapse began in US hours that lasted through the close and pulled SPX down -1.6 percent Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The global markets were charged with volatility this past session, but there wasn’t a clear prompt nor…

Fidelity D&D Bancorp raises quarterly dividend by 9.1% to $0.36 dividend Source link

MUMBAI (Reuters) – The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India on Tuesday, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said on Wednesday. “The transaction involved buying back a security maturing in FY2024/25 from the Reserve Bank and issuing fresh security for equivalent market value, to make the transaction cash neutral,” the RBI said in a press release. The government bought back 6.18% bonds maturing in 2024 worth 226.10 billion rupees ($2.78 billion) at a price of 98.62 rupees while it issued 8.28% 2032 bonds worth…

<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.</p><p>All a day later than normal due to the US holiday on Monday this week. </p><p>more to come Via Twitter:</p><p>-</p><p>Expectations I had seen centred on:Headline crude -0.6 mn barrelsDistillates +0.1 mn bblsGasoline +2.5 mn</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Reuters reports that Philadelphia Federal Reserve President Patrick Harker reiterated on Wednesday that he’s ready for the US central bank to move to a slower pace of interest rate rises amid some signs that hot inflation is cooling off. “High inflation is a scourge, leading to economic inefficiencies and hurting Americans of limited means disproportionately,” Harker said in prepared remarks for a speech that closely followed remarks from earlier in the month. To get inflation under control, the Fed’s “goal is to slow the economy modestly and to bring demand more in line with supply,” he told a group in Newark, Delaware.…

MicroStockHub/iStock via Getty Images Virgin Galactic Holdings (NYSE:SPCE) finally cooled off on Wednesday after a strong run in 2023 that saw shares rally more than 40%. The highly-shorted stock fell 12.10% on volume of over 14M shares. Last week, the spaceflight company announced that planned upgrades of VMS Eve are complete and the mothership is expected to enter ground tests next week before commencing flight tests to verify the enhancements to the ship. Notably, the company said commercial service remains on track to begin in Q2 of this year. That would mean 2023 could be the year that revenue becomes…