Author: FX
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…
Share: GBP/USD is looking vulnerable above 1.1940 amid the risk-off market mood. The USD Index is gathering strength to reclaim the immediate resistance of 105.00 amid hawkish Fed bets. Downward-sloping 20-and 50-period EMAs add to the downside filters. The GBP/USD pair is displaying a volatility contraction around 1.1940 in the early Tokyo session. The Cable looks set to deliver further weakness as a fresh renewal in the Federal Reserve’s (Fed) hawkish bets has strengthened the US Dollar. S&P500 futures witnessed immense pressure last week on hopes that more rates are in pipeline by the Fed as the United…
Workday Q4 2023 Earnings Preview Source link
© Reuters. A GE AC4400CW diesel-electric locomotive in Union Pacific livery, is seen ahead of a possible strike if there is no deal with the rail worker unions, as a Metrolink commuter train (right) arrives at Union Station in Los Angeles, California, U.S., Septembe (Reuters) – U.S. railroad Union Pacific (NYSE:) on Sunday said it expects to name a successor to assume the position of chief executive officer replacing Lance Fritz in 2023. “Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the…
Weekend comments from a member of the European Central Bank Governing Council and Governor of the Banca d’Italia Ignazio Visco. He spoke in a Bloomberg TV interview. Visco said the ECB will increase interest rates as much as required to get inflation back down to 2% and that its not possible to predict what the terminal rate will be:“I don’t think that we can indicate now what the terminal rate will be, not even if it’ll be 3.5%, 3.25% or 3.75%, because really it is data-dependent” “Our objective is to go back to an inflation rate of 2% in the…
© Reuters. FILE PHOTO: The Los Angeles river during a rare cold winter storm in the Los Angeles area, in Los Angeles, California, U.S., February 24, 2023. REUTERS/Aude Guerrucci By Pete Schroeder (Reuters) – After a rare snowfall dusted Los Angeles on Saturday, Southern California is bracing for a series of weak storms that will bring wind and rain this week to coastal areas while Northern and Central California mountain communities could see more heavy snow. Over the past three days, the storm brought the rare sight of snowflakes in Los Angeles, more known for palm trees and sun. But…
bgwalker/iStock Unreleased via Getty Images Recent retail foot traffic data suggests discount and dollar stores should remain resilient in 2023. Despite a disappointing earnings result from Dollar General (NYSE:DG) this past week as holiday sales faltered, data from Placer.ai suggests the continued impact of inflation is likely to keep consumers bargain hunting in 2023. In fact, the data suggests Dollar General (DG) is an outlier in terms of only modest foot traffic improvements as the overall category continues to show strength. “Though the pandemic’s impact on retail may be fading, the category has continued to see visit increases, likely due…
Terran Orbital could become acquisition target amid space consolidation Source link
© Reuters. FILE PHOTO: Mexico’s President Andres Manuel Lopez Obrador speaks to the media during a news conference at the Old City Hall (Antiguo Palacio del Ayuntamiento), in Mexico City, Mexico January 20, 2023. REUTERS/Henry Romero MEXICO CITY (Reuters) -Thousands gathered in cities throughout Mexico on Sunday to protest against President Andres Manuel Lopez Obrador’s drive to shrink the independent electoral authority, arguing the changes threaten democracy – an accusation he vigorously denies. Mexico’s Congress last week approved a major overhaul of the National Electoral Institute (INE), which Lopez Obrador has repeatedly attacked as corrupt and inefficient. Critics of the…
krblokhin/iStock Editorial via Getty Images Outright banning cryptocurrency assets (BTC-USD) is not ideal, though such an action still should be taken into consideration, the International Monetary Fund’s Executive Board said last week. Growing crypto adoption “could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks,” the Fund said in a statement. That, in addition to “the extra-territorial nature of crypto assets and its providers, as well as the increasing interlinkages with the financial system, motivate the need” for a coordinated policy response among the organization’s member countries. Other risks include the impact of crypto…