Author: FX

© Reuters. FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File Photo (Reuters) -Carlyle Group is in discussions with senior Wall Street executives for its top role, according to a Financial Times report on Thursday, citing multiple people familiar with the matter. The private equity firm is considering Citigroup Inc (NYSE:)’s chief financial officer Mark Mason and Morgan Stanley (NYSE:)’s chief operating officer Jonathan Pruzan as contenders for its CEO role, the report said. Earlier this week, Pruzan, who was once considered among the possible lead for…

Eamonn Sheridan Thursday, 12/01/2023 | 23:01 GMT-0 12/01/2023 | 23:01 GMT-0 The US CPI data was released Thursday, ICYMI:More: Goldman Sachs report on the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential.…

Fluor (NYSE:FLR) said Thursday its Dutch joint venture ALSÉÉN signed a contract with the Rijkswaterstaat in Netherlands to perform design, construction and maintenance of the A27 motorway project from Everdingen to Hooipolder. Fluor said it will book its share of the $436 million (€414 million) contract in the first quarter of 2023. Preliminary project work is scheduled to be begin in 2023 with anticipated completion from 2029 to 2031. After completion, Ballast Nedam and Fluor will be responsible for maintaining the highway for 15 years. Source link

© Reuters. FILE PHOTO: A pump jack of Wintershall DEA is pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S consumer prices unexpectedly fell in December and by optimism over China’s demand outlook. The U.S. consumer price index dipped 0.1%, suggesting inflation was now on a sustained downward trend. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting hopes of higher oil demand. settled at $84.03…

WTI crude oil futures continues its move to the upside todayRecall from yesterday, the weekly oil inventory data showed a huge build of 14 million barrels, but that didn’t stop buyers from squeezing the shorts to the upside. Looking at the hourly chart, the price moved away from its 200 are moving average yesterday, and today extended above the 61.8% retracement of the move down from the January high. The high price in January came in on January 3 at $81.50. That level along with the $80 natural resistance are the next upside targets on further upside momentum.On the downside…

EUR/USD bulls take on fresh bull cycle highs but bears are lurking.  US CPI weakened the outlook for the US Dollar but a cohort of Fed speakers remain hawkish. Breakout traders could be feeling the heat of a sizeable correction in the coming sessions.  EUR/USD has popped to a fresh bull high following the day’s Consumer Price Index data that inspired a breakout in the US Dollar to the downside. At the time of writing, EUR/USD is up by some 0.8% at the time of writing. The Single Currency has rallied from a low of 1.0726 to a high of 1.0867…

AUD/USD breakout traders target 0.70 the figure and above. Failures to hold in 0.7000 could lead to the capitulation of the bulls.  As per the prior analysis, AUD/USD Price Analysis: Distribution could be playing out into US CPI critical event, a thesis for the downside was illustrated leading up to the US Consumer Price Index event for a three-day set-up that had the downside-eyed should the bears crack the critical 0.68070 support structure and DXY move through key 103.00 and on to test the 103.50 equal highs.  AUD/USD prior analysis It was stated that a move higher in the greenback would cement…

loops7/iStock Unreleased via Getty Images Mercedes-Benz (OTCPK:MBGAF) plans on doing way with the EQ product brand following the next wave of electric vehicles from the company, according to German media reports. The EQ brand is currently the battery electric versions of various models and minicars offered by the German automaker. The increased focus by Chief Executive Ola Kaellenius and the board on making all electric cars in the futures is said to now make the EQ brand somewhat redundant. “With the goal of our parent brand Mercedes-Benz becoming fully electric by the end of the decade, we will adapt the…

US Dollar Talking Points: Recommended by James Stanley Get Your Free USD Forecast Inflation continues to fall in the United States and this morning’s print brought the sixth consecutive month of headline CPI moving-lower, following the peak of 9.1% that showed in June of last year.The US Dollar dropped after the release, setting a fresh seven-month-low and trading below the 103 handle that had tried to hold the lows coming into this morning’s data. Support showed at a trendline projection, which originated in June of 2021 and connects to the February 2022 swing low. That projection came into the picture…

© Reuters. FILE PHOTO: Dutch Prime Minister Mark Rutte arrives to attend an informal summit of EU leaders at the Chateau de Versailles (Versailles Palace) in Versailles, near Paris, France March 11, 2022. REUTERS/Sarah Meyssonnier AMSTERDAM (Reuters) – Dutch Prime Minister Mark Rutte and Foreign Minister Wopke Hoekstra will travel to Washington D.C. next week to meet with U.S. President Joe Biden, Dutch national broadcaster NOS reported on Thursday. The leaders are to discuss the war in Ukraine and economic ties on Tuesday, the broadcaster reported. It will be Rutte’s first visit to the United States since he met with…