Author: FX

vzphotos/iStock Editorial via Getty Images Update 7:50pm: Adds Micron comment. China said it found that Micron Technology’s (NASDAQ:MU) products have “relatively serious” potential network securities issues and warned that operators of critical information infrastructure should stop purchasing the goods. China’s Cyberspace Administration, which announced a review of memor chip maker Micron(MU) in late March, announced its findings on in a statement on Sunday. “The review found that Micron’s products have relatively serious potential network security issues, which pose a major security risk to my country’s critical information infrastructure supply chain and affect my country’s national security,” the Chinese regulator said…

© Reuters. U.S. President Joe Biden participates in a Quad Leaders’ meeting with Prime Minister Fumio Kishida of Japan, Prime Minister Narendra Modi of India, and Prime Minister Anthony Albanese of Australia, May 20, 2023, in Hiroshima, Japan. Kenny Holston/Pool via By David Morgan, Jeff Mason and Trevor Hunnicutt WASHINGTON (Reuters) -U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after a “productive” phone call as the president headed back to Washington, the two sides said on Sunday. McCarthy, speaking to reporters at the U.S. Capitol following the call, said…

People’s Bank of China’s Loan Prime Rate setting.Last week the MLF rate was left unchanged which is usually a good indication that the LPRs will be left untouched.Current LPRs, which have unchanged for 8 consecutive months:3.65% for the one yearmost new and outstanding loans in China are based on the one-year LPR4.30% for the five yearmost home mortgage rates are based on the five-year This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result.…

3/3 © Reuters. Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah Al-Saud stands along with other officials as representatives of the Sudanese army and rival paramilitary Rapid Support Forces sign an agreement for a seven-day ceasefire in Jeddah, Saudi Arabia, 2/3 By Khalid Abdelaziz and Mohamed Nureldin KHARTOUM (Reuters) -Air strikes and clashes between Sudan’s warring factions could be heard in the capital Khartoum on Sunday, residents said, after a Saudi and U.S.-brokered deal for a week-long ceasefire raised hopes of a pause in the five-week conflict. The deal, signed on Saturday by the army and the rival paramilitary…

Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast Global equity markets jumped while gold dropped in the past week on growing hopes of a deal in Washington to raise the debt ceiling to avoid a catastrophic default. However, some of the optimism scaled back after reports on Friday that debt ceiling talks have hit a roadblock after a White House spokesperson said serious differences remain with Republicans.The S&P 500 rose 1.6%, while the Nasdaq 100 index surged 3.5%. The German DAX 40 advanced by 2.3% while the UK FTSE 100 was flat. In Asia, the Hang Seng…

Bet_Noire Developers have increasingly relied on an FDA shortcut to win accelerated drug approvals while their confirmatory trials got delayed at the expense of billions of dollars to the government-backed healthcare system, a recent analysis from Bloomberg News indicates. The FDA’s accelerated approval program, which became law in 2012, allowing the FDA to greenlight medicines on early trial results, is intended to help drugmakers to develop treatments for unmet medical needs. Over the past three decades, about 300 marketing applications, mainly for cancer drugs, have been cleared under the accelerated program after regulators first introduced it in 1992, partly to…

SUN: Greek ElectionsMON: PBoC LPR AnnouncementTUE: BoK Announcement, EZ/UK/US Flash PMIs (May), US Richmond Fed (May)WED: FOMC Minutes, RBNZ Announcement, UK Inflation (Apr), German Ifo Survey (May)THU: CBRT Announcement, SARB Announcement, German GDP (Q1), GfK Consumer Sentiment (Jun), US GDP 2nd (Q1)/PCE Prices (Q1)FRI: Japanese Tokyo CPI (May), UK Retail Sales (Apr), US PCE (Apr), University of Michigan Final (May)NOTE: Previews are listed in day-orderGreek Elections (Sun): Voters will head to the polls for what is likely to be the first of two rounds of voting where the result is very likely to see a continuation of incumbent PM Mitsotakis’…

5/5 © Reuters. FILE PHOTO: Greek Prime Minister and conservative New Democracy party leader Kyriakos Mitsotakis and leftist Syriza party leader Alexis Tsipras, take part in a televised debate at the headquarters of the state broadcaster ERT, in Athens, Greece, May 10, 2 2/5 By Renee Maltezou and Gina Kalovyrna ATHENS (Reuters) -Greece went to the polls on Sunday in a general election unlikely to produce a clear winner, with a second vote expected by July if the country’s fractious political parties fail to agree to a coalition. While opinion polls have placed the ruling conservative New Democracy party ahead,…

In this analysis, I will provide a detailed technical analysis of Tesla’s stock price forecast, accompanied by a trade idea that utilizes a unique Fibonacci entry method. I discuss the recent price movements, identify potential patterns, and suggest a trade strategy for traders considering a Long position with TSLA stock. Please note that trading involves risk, and it is important to conduct thorough research and analysis before making any investment decisions. Analyzing Tesla’s Stock on the Daily Time Frame Since late 2020, Tesla’s stock has shown indications of a head and shoulders pattern on the daily time frame. The pattern…

5/5 © Reuters. Ukraine’s President Volodymyr Zelenskiy and French President Emmanuel Macron shake hands during the G7 leaders’ summit in Hiroshima, Japan May 20, 2023. Ukrainian Presidential Press Service/Handout via REUTERS 2/5 By Andreas Rinke and Trevor Hunnicutt HIROSHIMA, Japan (Reuters) – The Group of Seven (G7) rich nations signalled to Russia their readiness to stand by Ukraine for the long haul while giving President Volodymyr Zelenskiy a chance to win over countries such as Brazil and India on the last day of a summit in Japan. Distrust of China as a trading partner and determination to help Ukraine repel…