Author: FX
Dow, S&P 500, Volatility, EURUSD and Fed Rates Talking Points:The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000While there was notable event risk for release Monday – such as the NY Fed’s inflation expectations – it seemed markets were motivated more by Friday’s momentumA false breakout reversal from the S&P 500 and sustained advance from the EURUSD opens significant macro questions for Tuesday trade and beyond Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The market’s penchant for volatility but struggle for conviction last week seems to have carried over to this new period.…
© Reuters. FILE PHOTO: The skyline of central Seoul is seen during a foggy day in Seoul March 4, 2015. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korea had its third month of current account deficit in 2022 in November, mainly hit by still high import costs of energy at a time of shrinking exports, central bank data showed on Tuesday. The country’s current account turned to a deficit of $621.7 million in November 2022 from a surplus of $883.4 million in October, the Bank of Korea’s data showed. It was the third month of deficit in 2022 including April and…
<p>ANZ-Roy Morgan Australian Consumer Confidence. </p><p>This is a weekly survey. This is the first result for the new year after a brief holiday. </p><ul><li>+4.9pts to 87.4 last week</li><li>its highest level since late September 2022</li></ul> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
NZD/USD bulls coming up for ain ahead of the keyUS event. The price is on the backside of a daily trend, and the front side of the weekly/monthly bear trend. NZD/USD is higher by some 0.5% on the day so far and headed for a bullish close to starting the week. However, breakout traders chasing the move could find themselves in trouble as per the following technical analysis. NZD/USD weekly chart The price took out last month’s low last week which is a bearish development looking forward while Kiwi remains on the front side of the dominant bearish trendline and…
Jeenah Moon/Getty Images News Even after closing a 2022 that he characterizes as “one of the most successful years” in the company’s history, Pfizer (NYSE:PFE) CEO Albert Bourla issued an upbeat assessment of the company’s near-term future on Monday, citing 19 products set to launch in the next 18 months. “I thoroughly believe the best days are ahead,” Bourla told CNBC, speaking at the JPM Healthcare Conference. The Pfizer CEO clarified that his assessment of 2022 relates to the number of patients helped by the firm’s drugs, which he said reached 1.2B. In financial terms, the company’s performance was more…
© Reuters. FILE PHOTO: Airline passengers check in at the Southwest Airlines desk at the Tampa International Airport as airports around the country are awaiting for Verizon and AT&T to rollout their 5G technology, in Tampa, Florida, U.S., January 19, 2022. REUTERS/O By Rajesh Kumar Singh CHICAGO (Reuters) – New York State’s comptroller has written to Southwest Airlines (NYSE:) Co, asking the carrier to explain how it plans to prevent an operational collapse like the one at the end of last year which stranded thousands of passengers. The comptroller’s office oversees the state’s pension system, which held 1.35 million shares…
Crude oil higher in the day but well off the highsThe price of WTI crude oil is selling at $74.63 up $0.86 or 1.17%. The high for the day reach $76.69. At the high, the price got close to a swing area on the hourly chart between $76.76 and $77.02. Within that area is the 200 hour moving average which is currently at $76.98. The inability to extend above that level gave the sellers the go-ahead to push back to the downside and the last four – five hours have seen declines.Technically, the price is closing back below its 100…
SweetBabeeJay/iStock Editorial via Getty Images Red Robin Gourmet Burgers (NASDAQ:RRGB) soared on Monday after the restaurant operator announced preliminary results and outlined a plan to drive long-term shareholder value. For Q4, RRGB expects to report total revenue of approximately $290.2M off comparable restaurant revenue growth of 2.5% Looking ahead, the company said it is committed to taking bold action through new executive leadership to deliver long term sustainable growth and has identified multiple levers to build sales and increase profitability. The five-point plan includes empower decision making by operators at the unit level, elevating the guest experience, removing costs and…
© Reuters. Supporters of Brazil’s far-right former President Jair Bolsonaro who dispute the election of leftist President Luiz Inacio Lula da Silva gather near Brazil’s Congress after protesters had invaded the building as well as the presidential palace and Supreme By Gabriel Araujo and Karin Strohecker SAO PAULO/LONDON (Reuters) – Brazilian assets were lower in choppy trade and market players braced for further volatility on Monday, a day after thousands of supporters of former President Jair Bolsonaro stormed key government buildings in the capital, echoing the Jan. 6, 2021 insurrection in Washington. The Brazilian real weakened roughly 1% against the…
San Francisco Federal Reserve Bank President Mary Daly is dropping important comments in a live questions and answers with the Wall Street Journal. Key notes Expect US economy to continue slowing. In Q1 expect labor market to continue to slow, inflation to come down. Fed is data-dependent. Have not seen core services inflation come down as we would like. Core services inflation excluding shelter has shown no sense it is coming down. There’s agreement among fed policymakers that inflation is more persistent than thought. Biggest risk is that inflation expectations would drift up. We are determined, united, resolute to bring inflation down. …