Author: FX

A monthly survey conducted by Citi and YouGov revealed on Wednesday that the British public’s inflation expectations for 12 months ahead declined to 5.7% in December from 6.1% in the previous survey, as reported by Reuters. Public inflation expectations for 5-10 years ahead fell to 3.6% from 3.9% previously, the survey further showed. Finally, Citi said that the latest findings point to a moderating risk of a more embedded inflation through 2023. Market reaction GBP/USD edged lower from the daily high it set at 1.2087 and was last seen trading near 1.2050, where it was still up 0.7% on a…

Not quite the case in its entirety with oil being down by nearly 2% on the day, but it applies to almost everything else in broader markets. Equities are higher with European stocks leading the way, helped out by softer German and French inflation numbers this week. US futures are also slightly higher, so the overall market mood today is keeping steadier.Meanwhile, bonds are also continuing their good form as a result with 10-year Treasury yields down to 3.70% from the open at around 3.83% yesterday. In Europe, 10-year German bund yields are down to 2.31% and that is a…

Last year global stocks had their worst year since 2008. World stock market capitalisation fell nearly 20% which, in recent history, was only eclipsed by the near 50% drop in 2008. However, it should be remembered that the decline followed unprecedented levels of fiscal stimulus from governments and years of low-interest rates from central banks. Stocks to fall further in 2023 H1? According to a Bloomberg News survey of 134 fund managers, investors are expecting a 10% rebound in global equities for 2023. However, around half of those investors saw a deep recession as a concern and that high inflation…

The first full day of 2023 saw stocks flat, a bid for the Greenback & Yen, weaker EUR following softer German CPI data and Oil markets collapse on global growth worries. Treasuries are firmer with US10yr yields losing -2.61%. Overnight Asian stocks have traded mostly firmer despite the negative handover from Wall Street; Hang Seng outperformed whilst Nikkei lagged (-1.45%). AUD outperforms. “China pledges ‘final victory’ over COVID as outbreak raises global alarm” – RTS lead story. The USD Index rallied to 104.50 yesterday as the USD got a significant New Year bid in early…

Elevation Gold Mining announces CFO transition Source link

#Tesla, Daily Investor concerns over Tesla’s performance throughout 2022 are still evident in early 2023. The stock has fallen to a low of $108.22 representing a decline of over -63% since the stock split. Increased competition from Ford, GM, Rivian and Lucid Group, lawsuits over accidents, retreating car factory performance as well as criticism of Elon Musk over the recent acquisition of Twitter have worsened the company’s recent stock performance. In yesterday’s trading (03/01), Tesla’s share price fell another -12%, due to concerns over slowing demand. The shadow of recession continues to hit the tech sector, as inflation remains high…

A bit of market optimism and risk-taking near the end of the year pushed crude oil prices higher near the end of 2022. Has the party ended for the bulls? I’m looking at Brent crude oil’s 4-hour chart for clues! Brent Crude Oil (USOIL) 4-hour Chart Brent crude oil looks ready to break below an ascending channel support on the 4-hour time frame. What’s more, it’s also testing the 100 SMA support that bulls and bears have been minding since the start of December. Will the commodity extend a longer-term downtrend that started in mid-2022? A clear break below the…

© Reuters. FILE PHOTO: A man wearing face mask walks in front of Casino Lisboa, operated by SJM Holdings during the coronavirus disease (COVID-19) pandemic in Macau, China, December 29, 2022. REUTERS/Tyrone Siu (This Jan. 2 story has been refiled to correct Melco’s name and stock symbol in the second paragraph) By Farah Master HONG KONG (Reuters) – As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling.…

Would like to create an economic structure in which wages rise every yearMust create strong economy in which rising real wages become the normWell, they’d certainly like that now considering the potential pivot that the BOJ is embarking on. A push on wages would certainly help policymakers a great deal in trying to get the recent uptick in inflation to stay as the “good kind” of inflation.ADVERTISEMENT – CONTINUE READING BELOW Source link

USD/JPY is struggling to extend its recovery above 131.00. A spree of lower highs in the asset indicates a continuation of the downside trend. Downward-sloping 20-and 50-EMAs add to the downside filters. The USD/JPY pair is struggling to extend its recovery above 131.00 in the early European session. Earlier, the asset rebounded after sensing buying interest around 129.50 as investors underpinned the US Dollar amid a risk-off market mood. The US Dollar Index (DXY) is displaying a subdued performance as investors are awaiting a fresh trigger for a decisive move. On a four-hour scale, one could easily identify the continuation…