Author: FX

Semiconductor supply chain issues – U.S.-led “Fab 4” alliance meetingEuropean Central Bank speakers due Monday, 27 February 2023 – Lane, de CosGoldman Sachs on US bond market pressure weighing on the yenSociete Generale expect more hikes ahead from the ECB vs. Fed. Bunds to underperform USTsChina new coal-fired power plant construction approval soared in 2022 – energy securityICYMI – Sunak And von der Leyen will speak on a Brexit Northern Ireland deal on MondayBank of England Deputy Governor Broadbent speaks on Monday (non monetary policy related)PBOC sets USD/ CNY reference rate for today at 6.9572 (vs. estimate at 6.9586)Australian CPI…

Pfizer said in early stage talks to acquire Seagen – WSJ Source link

Share: USD/JPY takes offers to renew intraday low, reverses from 10-week high. Bond bears take a breather after an active week that propelled yields toward multi-day high. Fading hawkish concerns over BoJ Governor Nominee Ueda previously propelled Yen prices. Strong US inflation cues, hopes of higher Fed bets keep buyers hopeful. Ueda’s speech in Japan upper house, government declaration for BoJ board will be important for immediate clues. USD/JPY consolidates the biggest daily gains in three weeks as it renews its intraday low near 136.00 while reversing from the highest levels in two months during early Monday. In…

© Reuters By Ambar Warrick Investing.com–Oil prices kept to a tight range on Monday amid persistent concerns over high inflation and rising U.S. interest rates, while traders awaited more cues on demand from key Chinese economic readings this week. Readings on China’s (PMI) for February are due on Wednesday. Indicators for January had portrayed a somewhat mixed economic recovery in the world’s largest crude importer, even as it relaxed most anti-COVID measures earlier this year. Wednesday’s data is expected to show that the remained in contraction territory in February. The sector was hit the hardest by three years of COVID…

On 1st March 2023 (Wednesday), Tesla Inc shall host a special event, namely Investor Day. According to the official statement of the EV behemoth, investors are expected to learn more about the company’s most advanced production line, long term expansion plans, generation 3 platform, capital allocation and other relevant subjects. “The path to a fully sustainable energy future for Earth… the future is bright!”  – Elon Musk, Tesla CEO Being the third iteration of Tesla’s strategic vision (after the first “Master Plan” and the second “Master Plan, Part Deux”), investors expect to gauge more information about the long-promised $25,000 EV…

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.9630</p><p>—</p><p>The USD continued to gain after the inflation data on Friday. The People's Bank of China getting on board by weakening the onshore yuan. Big time. 600+ points lower from Friday's mid rate. This is the biggest one-day weakness in the onshore yuan setting since July last year. </p><p>PBoC injects 336bn yuan of…

Share: Gold price is expected to continue its four-day losing streak amid hawkish Fed bets. Investors should be prepared for a surprise rise in US Durable Goods Orders as the households’ demand has accelerated lately. Gold price is trading in a Falling Channel chart pattern in which every pullback is considered a selling opportunity. Gold price (XAU/USD) is demonstrating a topsy-turvy auction around $1,810.00 in the Asian session. The precious metal is expected to continue its four-day losing streak after surrendering the immediate support of $1,809.00 as Federal Reserve (Fed) policymakers see interest rates above 5% after January’s…

haveblue/iStock via Getty Images Union Pacific Corp. (NYSE:UNP) said it’s looking for a successor to replace chief executive officer Lance Fritz to run the railroad operator. Union Pacific’s board plans to name a successor who will assume the CEO role this year, according to a statement from the company earlier Sunday. The Union Pacific news come after a report earlier Sunday from the WSJ that hedge fund Soroban Capital Partners was pushing to replace Fritz. Soroban is a large holder of Union Pacific (UNP) with a more than 1% stake valued at about $1.6 billion. Soroban is said to want…

© Reuters. FILE PHOTO: Smartphone is seen in front of Microsoft logo displayed in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo By Supantha Mukherjee and Martin Coulter BARCELONA (Reuters) – Microsoft (NASDAQ:) has unveiled previews of two AI-powered services designed to manage telecom networks, drawing on the same capabilities used to manage the tech giant’s Azure cloud platform. Operators can benefit from advanced artificial intelligence that helps to unlock new business opportunities from data on and insights into their operations — including the rollout of high-speed 5G networks — the company said in a blog post.  Microsoft first…

Earlier news on this is here for background:UK’s Raab says “on the cusp” of a deal with the EU over Northern IrelandUK – EU Northern Ireland protocol. Sunak, Von Der Leyen press conference coming MondayIf a deal has been struck there are still obstacles to overcome. Such as (in brief):Eurosceptics within Sunak’s own party, along with the Northern Ireland Democratic Unionist Party (DUP) will not support a deal unless EU law is “expunged” from Northern IrelandThere is so far no information available on whether MPs will be voting on any deal proposalThere is so far no information on the deal…