Author: FX
Goldman Sachs earnings missed by $2.24, revenue fell short of estimates Investing.com – Goldman Sachs (NYSE:) (NYSE: GS) reported fourth quarter EPS of $3.32, $2.24 worse than the analyst estimate of $5.56. Revenue for the quarter came in at $10.59B versus the consensus estimate of $10.79B. Goldman Sachs’s stock price closed at $374.00. It is up 20.33% in the last 3 months and up 5.53% in the last 12 months. Goldman Sachs saw 0 positive EPS revisions and 15 negative EPS revisions in the last 90 days. See Goldman Sachs’s stock price’s past reactions to earnings here. According to InvestingPro,…
Price charts are often a cluttered mess. This is especially true for new traders. New traders would look at chart and would often feel flustered not knowing how to make sense of what the chart is showing. While it is true that most tradeable market is a chaotic confusion of price movements and that the forex market is one of the most volatile and unpredictable market, there are many instances wherein the price chart is showing clear signals regarding what it wants to do. Traders who can read what the market is about to do are the ones who can…
In an interview with WELT TV on Tuesday, Germany’s Economy Minister Robert Habeck said that “if there is a recession, it would possibly be only very short and not very deep.” Further comments “Want to get inflation below 5% by year’s end.” Ma be that we can avoid a recession.” Market reaction EUR/USD remains unresponsive to the German ZEW data and these above comments, changing hands at around 1.0815. Source link
Prior -61.4Outlook 16.9 vs -15.0 expectedPrior -23.3The standout data in the report here is that the outlook for the German economy has improved drastically into positive territory – the first time since February last year. This comes after a less harsh winter (helping with the energy situation) and as inflation pressures are showing signs of abating in recent months, being cause for economic optimism.ADVERTISEMENT – CONTINUE READING BELOW Source link
GBP/USD – Prices, Charts, and AnalysisUK wages are robust but inflation means consumers are worse off.Sterling picks up a bid post-release. Recommended by Nick Cawley Download our new Q1 British Pound forecast The latest UK Labour Market Report will give the Bank of England (BoE) something to ponder ahead of its February 2 Monetary Policy Meeting. The UK monthly unemployment rate remained steady at 3.7% in November but the average earnings incl. bonus figure rose to 6.4% from a prior month’s 6.1%, the strongest growth rate seen outside of the coronavirus pandemic period. In real terms – adjusted for inflation…
In today’s European session, Germany’s final CPI rate for December registered 8.6% on an annual basis, in line with market expectations and the previous value. The final monthly rate was negative for the second consecutive month, at -0.8%, in line with market expectations. The annual and final monthly CPI rates, after reconciliation, were recorded at 9.6% (down for the third consecutive month) and -1.2% (in negative territory again since November 2020) in December, unchanged from market expectations and the previous value. The German Federal Statistical Office noted that food and non-alcoholic beverages saw the largest price increase at 19.8%, but…
The lower expected Adjusted EBITDA for 2023 compared to 2022 is attributed to lower average selling prices for caustic soda due to lower NE Asia index prices, lower MECU sales volumes of chlor-alkali products due to lower expected demand, lower sales volumes of sodium chlorate, and higher spending at sulphuric acid plants for reliability improvements.The company is targeting to achieve an incremental $45M in EBITDA growth by 2025 and $75M in EBITDA growth by 2027. In 2023, the company plans to allocate $110M – $140M for growth capital expenditures to support these organic growth projects. Source link
Check out this triangle support bounce on NZD/JPY! Do you think the pair can test the resistance ahead of the BOJ decision? Here are the levels I’m watching. NZD/JPY 1-hour Forex Chart by TradingView I’m on the lookout for big moves among the yen pairs during the BOJ statement tomorrow! This pair just pulled up from the bottom of a newly-forming descending triangle pattern visible on its hourly time frame. Can it test resistance soon? And will it hold? Technical indicators are suggesting so, as the 100 SMA crossed below the 200 SMA to confirm that the path of least…
Trading Leveraged Products is risky Chinese GDP for 2022 at 3.0% missed expectations (5.5%) significantly and represented the slowest growth for the world’s second largest economy since 1976 and the end of the austerity of Mao Zedong. Q4 GDP beat expectations at 2.9% vs 1.8% but was still very weak. Retail Sales & Unemployment also beat at -1.8% vs. -9.5% and 5.5% vs. 5.8%, respectively. Japanese 10-yr yields still trade over 0.50% above the BOJ ceiling ahead of BOJ tomorrow. The UK Jobs market remains v tight (Unemployment 3.7%) – Earnings up (6.4% vs 6.1%)…
Prior 107k; revised to 70kNovember ILO unemployment rate 3.7% vs 3.7% expectedPrior 3.7%November employment change 27k vs 5k expectedPrior 27kNovember average weekly earnings 6.4% vs 6.2% 3m/y expectedPrior 6.1%November average weekly earnings (ex bonus) 6.4% vs 6.3% 3m/y expectedPrior 6.1%The number of payrolled employees in the UK increased by 28,000 (0.1%) in December, with there being a slight downwards adjustment to the November figure. Over the course of the year, there was an increase of 676,000 people in the workforce so that’s a solid estimate for how labour market conditions are holding up.That said, I would like to keep highlighting…