Author: FX

US Dollar, DXY Index, USD, FOMC, USD/KRW, AUD/USD, China – Talking PointsUS Dollar weakened in Asia after a stellar run in the New York closeKorea left rates unchanged, while the Aussie Dollar got a boost on solid dataThe Fed reminded markets of their intention. Will it send USD higher? Recommended by Daniel McCarthy Traits of Successful Traders The US Dollar pulled back from overnight gains posted after the Federal Open Market Committee (FOMC) meeting minutes revealed a united board that supported the 25 basis point move at the gathering earlier monthThe minutes reinforced the notion that the Fed is determined…

Here’s one for the euro bulls! EUR/JPY busted through a ceiling recently and seems to be in the middle of a pullback. Which support levels might hold? EUR/JPY 4-hour Forex Chart by TradingView Thanks to mostly upbeat eurozone data lately, this pair has managed to break above the resistance zone around 142.50 to 143.00. Bulls appear to be having some difficulty charging past the 144.15 area, though, so a quick correction to the former resistance area might be needed. The handy-dandy Fib tool shows where more buyers might be waiting to hop in. In particular, the 38.2% Fib is looking…

AUD, NZD, CAD along with EUR and GBP all traded higher against the USD during the session here. US stock indexes traded higher also (Globex). Its difficult to point to a ‘smoking gun’ for the move during the session, both news and data flow were very light. Asia digested the Federal Open Market Committee (FOMC) minutes (January31/February 1 meeting). About the only information I gleaned from the minutes was that “a few members favoured a 50 bp hike”. We already knew that Bullard and Mester did, which is a couple. I’m guessing a ‘few’ is more than a ‘couple’ so…

Share: EUR/GBP looks vulnerable around 0.8800 as hawkish BoE bets soar after a recovery in UK preliminary PMI data. UK’s Hunt is facing calls from within his Conservative Party to cut taxes and raise pay for public service workers. ECB Lagarde is set to continue its policy tightening spell of 50 bps to March. The EUR/GBP pair is struggling to find any direction in the Tokyo session amid the absence of a potential trigger. The cross is juggling around 0.8800 and is expected to display more weakness as an economic recovery in the United Kingdom and a shortage…

© Reuters. FILE PHOTO: A man smokes next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz SYDNEY (Reuters) – Australia’s government is advertising a job on the policy-setting board of the Reserve Bank of Australia, the first time the powerful position has been thrown open to all comers amid a push for more diversity at the central bank. An ad on the government’s jobs portal on Thursday called for candidates with knowledge or experience in economics, labour markets, financial markets, industry of public policy formation, as well as strong communication and strategic…

Eamonn Sheridan Thursday, 23/02/2023 | 01:38 GMT-0 23/02/2023 | 01:38 GMT-0 Earlier:The White House is considering Karen Dynan and Janice Eberly for the role of Fed vice chair, according to a WSJ report.In 2019 Janice Eberly co-authored an academic paper saying that a 3% 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…

Share: Market sentiment improves during early Thursday, despite looming geopolitical fears and hawkish Federal Reserve (Fed) concerns. The reason could be linked to the recent pullback in the US inflation expectations, per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED). That said, 10-year inflation expectations per the aforementioned measure eased from the highest levels since December 02 to 2.41% by the end of Wednesday’s North American trading session, after refreshing a two-month high the previous day. On the same line, the five-year US inflation expectations retreated in their latest readings to 2.52%,…

SlavkoSereda/iStock via Getty Images Morgan Stanley analysts on Wednesday raised their global oil demand growth forecast for this year to 1.9M bbl/day from their previous 1.4M bbl/day outlook, citing growing momentum in China’s reopening but flagging higher supply from Russia as an offsetting factor. “Mobility indicators for China, such as congestion, have been rising steadily,” while “flight schedules have firmed up the outlook for jet fuel demand,” Morgan Stanley said. Supply from Russia has been stronger than expected, however, leading to a slightly smaller than expected deficit in the second half of the year, the analysts said, trimming their H2…

Q4 aerospace & defense orders are expected to be $70.8 million, down 4% as reported and down 1% on an organic basis.For full year 2022, CIRCOR expects A&D orders of $308.2 million, up 21% as reported and 24% higher on an organic basis.Q4 industrial segment orders are expected to be $178.1 million, up 22% on a reported basis and 29% higher on an organic basis, primarily driven by value pricing, pumps aftermarket and downstream. For full year 2022, the company expects industrial orders of $599.0 million. Source link

© Reuters. FILE PHOTO: People are seen in front of the entrance of Starbucks Reserve Roastery during the opening day in downtown Milan, Italy, September 7, 2018. REUTERS/Stefano Rellandini MILAN (Reuters) – Starbucks (NASDAQ:) has launched a new drink that mixes coffee with olive oil, offering it initially in Italy as an alternative to the more standard espresso or cappuccino. The so-called “Oleato” beverages are made with arabica coffee “infused with a spoonful of Partanna cold pressed, extra virgin olive oil,” Starbucks, the world’s largest coffee chain, said in a statement. The price is between 4.5 euros and 6.5 euros…