Author: FX

© 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…

Richard Clarida is a former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System from September 2018 to January 2022He’s now a Pacific Investment Management Co. (PIMCO) managing director and global economic advisor.He has written a piece with the title above in the post, arguing (in brief):Bond markets are pricing in additional Federal Reserve interest rate hikes, acknowledging the central bank’s emphatic resolve to tame inflation despite the likely trade-offs.Calrida highlights the recent:blockbuster U.S. employment report for January higher-than-expected data on U.S. Consumer Price Index (CPI) inflation stronger-than-expected data on retail salesadditional remarks from Fed officialswhich:together…

Share: EUR/USD has sensed a loss in the bearish momentum around 1.0600, more downside looks favored. Risky assets have been heavily dumped as a few Fed policymakers favored a 50 bps interest rate hike in the February meeting. ECB Lagarde has confirmed the continuation of the 50 bps rate hike spell for March. The EUR/USD pair has gauged a cushion around 1.0600 in the early Asian session. Despite the hawkish commentary in the Federal Open Market Committee (FOMC) minutes, the major currency pair has sensed a loss in the downside momentum. Risk-perceived assets have been heavily dumped as…

Glaukos Non-GAAP EPS of -$0.53 beats by $0.02, revenue of $71.22M beats by $3.15M Source link

FED MINUTES & US DOLLAR:U.S. dollar extends gains after Fed minutes show unwavering commitment to a hawkish tightening cyclePolicymakers admit that there is more work to be done in terms of monetary tightening to cool price pressures in the economy amid upside inflation risksYields retrace their decline after the FOMC minutes cross the wires Recommended by Diego Colman Get Your Free USD Forecast Most Read: Gold Price Outlook – Path of Least Resistance May Be Lower on Real Yields WoesThe Federal Reserve released today the minutes from its January 31/February 1 meeting when the institution raised its benchmark rate by…

WTI crude futures are settling at $73.95. That is down $2.41 or -3.16%. The low price has reached $73.83. The high price was way up at $76.51.Looking at the daily chart, the prices trading within a triangle with a low target of $72.91, and topside target of $79.72.WTI crude oil sharply lower today Source link

Share: The Reserve Bank of New Zealand’s governor, Adrian Orr has said that core inflation is too high and that expectations are elevated. The top central banker is speaking at the Finance and Expenditure Committee on points related to the February Monetary Policy Statement. Key notes Rebuild activity may add to inflationary pressure. Monetary conditions need to tighten further. More to come… Source link

Cogent Communications Q4 2022 Earnings Preview Source link

© Reuters. FILE PHOTO: Customers shop at a hypermarket of French grocery retailer Auchan in Moscow, January 15, 2015. REUTERS/Maxim Zmeyev MOSCOW (Reuters) – Consumer prices in Russia rose at a slower pace over the last week, data from the state statistics service Rosstat showed on Wednesday, easing inflationary concerns flagged by the central bank. The Bank of Russia gave a hawkish signal earlier this month, warning that further widening of the country’s budget deficit may compel it to raise interest rates from their current level of 7.5%. Consumer prices rose 0.06% in the week to Feb. 20, Rosstat said,…

GOLD PRICES OUTLOOK:Gold prices may trade defensively in the near term, dragged down by rising U.S. Treasury yields and a strengthening U.S. dollarTreasury bond rates have been climbing rapidly this month amid a hawkish repricing of the Fed’s policy outlookThis article looks at the key technical levels to keep an eye on in XAU/USD in the coming sessions Recommended by Diego Colman Get Your Free Gold Forecast Most Read: Gold Prices Charge Toward Fibonacci Support as Markets Bet on Higher Fed Peak RatesGold prices (XAU/USD) have fallen by more than 5% in February, dragged down by the powerful rebound in…