Author: FX

© Reuters. FILE PHOTO: The Albertsons logo is seen on an Albertsons grocery store, as Kroger agrees to buy rival Albertsons in a deal to combine the two supermarket chains, in Rancho Cucamonga, California, U.S., October 14, 2022. REUTERS/Aude Guerrucci By Mike Scarcella (Reuters) – Washington state’s highest court on Tuesday cleared the way for Albertsons Companies Inc to pay a $4 billion dividend ahead of the grocer’s proposed deal with rival Kroger (NYSE:) Co, as the justices declined to take up a claim that the payout would harm industry competition. The Washington Supreme Court made the decision after a…

Justin Sullivan/Getty Images News The Texas electrical grid remains vulnerable to extreme weather despite safeguards instituted after the deadly 2021 deep freeze that brought widespread power outages, the Dallas Federal Reserve said Tuesday, according to Reuters. The Dallas Fed called for better enforcement of Texas’ new standards for weatherizing its grid, more incentives to boost thermal power generation and the state’s “enhanced demand-response” programs, which can include paying large power customers to curtail electricity use during peak demand. The state’s grid, operated primarily by ERCOT and overseen by the Public Utility Commision of Texas, avoided rolling blackouts during severe cold…

Dunno what SBF is on about here: says FTX US was and is solventlikely with hundreds of millions of dollars in excess of customer balancesFTX US had at least $11mn, likely around $400mn, of recess cash on top of what was required to match customer balancessays customer balances are likely around $199mn and certainly less than $497mnsays had estimated roughly $350mn more cash on hand than customer balances required (NAV)Reuters headline from a blog post while SBF awaits trial. ADVERTISEMENT – CONTINUE READING BELOW Source link

S&P 500, Earnings, USDJPY, BOJ, USDCNH and GDP Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00Despite the discomfort behind capital markets around whether the S&P 500 has broken its technical ceiling or not, there was no material traction found TuesdayIn the absence of high-profile, macroeconomic US data; event risk like the Chinese GDP, Goldman earnings and upcoming BOJ decision prevail volatility Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The US markets were back online this past session, but the significant top off in liquidity for the global markets wouldn’t resolve…

Fed Barkin’s hawkish commentary on interest rates has failed to impact the Kiwi asset. A breakout of the Bullish Pennant pattern has strengthened the New Zealand Dollar. Range shift from the RSI (14) into the 60.00-80.00 territory, will trigger a bullish momentum. The NZD/USD pair is juggling in a narrow range of around 0.6430 in the early Asian session. The Kiwi asset has turned sideways after refreshing the monthly high at 0.6437 despite the risk-off market mood. S&P500 futures are displaying more losses, portraying a further decline in investors’ risk appetite after hawkish commentary from Richmond Federal Reserve (Fed) Bank…

The long U.S. holiday weekend offered movies a chance to pile up some revenues, though at the box office it provided another chance for the rich to get richer. Avatar: The Way of Water (NYSE:DIS) maintained its hold on theaters, leading domestic grosses for the fifth straight weekend, with a four-day total ($40.6M) that many pandemic movies would have been glad to have just in their opening weekend. Its standard-weekend total represented a 29% week-over-week drop, and it was still good enough to hold off a surprisingly strong hold from horror hit M3GAN (NASDAQ:CMCSA), which pulled $21.7M over the long…

Introduction to the Pin Bar Indicator The Pin Bar Pattern is one of the most effective reversal signals which is based on candlestick patterns. This is because it indicates price rejection which can be observed by its wicks pushing against a price level. The Pin Bar Indicator is a tool which was developed to help traders objectively identify pin bar patterns. What is the Pin Bar Indicator? The Pin Bar Indicator is a reversal signal indicator which is based on the Pin Bar candlestick pattern. This indicator automatically identifies a pin bar pattern and indicates a reversal signal by plotting…

© Reuters. FILE PHOTO: A J.Crew store is seen in Manhattan, New York March 3, 2014. REUTERS/Mike Segar (Reuters) -J. Crew Group said on Tuesday it had launched a new resale program for its eponymous brand, which will offer used styles online and vintage apparel in select J. Crew stores. Under the company’s new “J. Crew Always” banner, pre-owned styles will be listed through its website and through ThredUp, an online consignment platform which partners with the clothing retailer on resale services. Liz Hershfield, senior vice president & head of sustainability for J. Crew Group, announced the program at the…

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. Societe Generale Research discusses the JPY outlook around this week’s BoJ policy meeting.”The biggest over-shooter in FX is the yen, due to the size of Japan’s net foreign asset position and the importance of expectations about future currency moves in determining the behaviour of the people who manage those investments. A chart of the last 20 years’ trend in USD/JPY, averaging…

Prologis, Inc. (PLD.s) is one of the world’s largest manufacturing and real estate investment trusts, investing in California-based logistics facilities. The company has a capitalization of $112.52B. The company is expected to report earnings for the fiscal fourth quarter ending December 2022 on Wednesday, January 18 before the market opens. Prologis BPA Source: Nasdaq Zacks positions Prologis Rank #3 (Hold) in the Bottom 21% position #198/251 of the Real Estate Investment Trust (REIT) – Equity Trust and Others industry. EPS of $1.21 is expected for this report (same as for Nasdaq) with an ESP of 0.55%, marking a year-over-year increase…