Author: FX

AUD/USD, Australian dollar – Price Action:Australia inflation eased from the previous quarter but slowed less than expected.Persistent price pressures leave the door open for further RBA tightening.What’s next for AUD/USD? Recommended by Manish Jaradi How to Trade AUD/USD The Australian dollar recouped initial losses against the US dollar after data released showed Australian price pressures remain stubbornly high, keeping alive the possibility of further tightening by the Reserve Bank of Australia.Australia’s CPI rose to 7% on-year in the January-March quarter, Vs 6.9% expected from 7.8% in the previous quarter, and well above the central bank’s target band of 2%-3%. CPI…

© Reuters. FILE PHOTO: Stellantis assembly workers work on assembling the 2021 Jeep Grand Cherokee L at the Detroit Assembly Complex – Mack Plant in Detroit, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis NV wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday. The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said in a letter dated Monday posted on its…

Sean Gallup It was obvious from the start what was on Microsoft (NASDAQ:MSFT) Chief Executive Satya Nadella’s mind as he spoke on a conference call Tuesday to discuss his company’s fiscal third-quarter results. And it could be summed up in just two letters: AI. Of course, AI stands for artificial intelligence. But, by now, AI has become so ubiquitous a term that it was all Nadella, and Microsoft (MSFT) Chief Financial Officer Amy Hood, had to say to get the attention of Wall Street analysts, and anyone else who was listening in on the company’s conference call late Tuesday. And…

Headlines on this are here:The Reserve Bank of New Zealand have popped up more, can be found at this link to the Bank’s statement:LVR restrictions promote financial stability by limiting high-risk mortgage lending. This is done with the aim of reducing the impact and severity of housing market corrections by increasing the resilience of the banking system and households. Current LVR settings were put in place November 2021 when risks were elevated. The restrictions built resilience in the financial system, which has been evident in the past year as house prices have fallen without widespread impacts to financial stability.New Zealand…

Share: S&P 500 under pressure on banking sector concerns.  Plunging deposits at First Republic Bank have reignited worries over the health of the banking sector. S&P 500 is on the backside of bull trend, eyes on critical structures.  The S&P 500 is firmly down on Tuesday and is printing fresh lows in late trade to 4,074.22. The index has traveled between a high of 4,126.43 and a low of 4,074.07 so far and is losing 1.57% at the time of writing.  US stocks are on track to end lower on a slew of earnings reports that have come out…

Boston Scientific Q1 2023 Earnings Preview Source link

Heads up, yen traders! The BOJ is gearing up to make its monetary policy statement later this week, and it’ll be Governor Kazuo Ueda’s debut as the central bank head honcho. Here’s what you should know if you’re planning on trading this top-tier catalyst. Event in Focus: Bank of Japan Monetary Policy Statement When Will it Be Released: April 28, Friday: approximately 3:00 am GMT, 4:00 am London, 11:00 pm (April 27) New York, 12:00 pm Tokyo Expectations: As new Governor Ueda has mentioned in his recent speeches, the current ultra-easy monetary policy is appropriate for now, given the latest…

JAPANESE YEN PRICE, CHARTS AND ANALYSIS:Technicals on Yen Pairs Are Providing a Host of Technical Setups.EUR/JPY Eyeing Trendline Bounce or Break with 8-Year Highs in Sight.USD/JPY Rising Wedge Pattern in Focus.AUD/JPY H4 Timeframe Sees RSI Enter Oversold Territory. Recommended by Zain Vawda Get Your Free JPY Forecast JAPANESE YEN BACKDROPJapanese Yen caught a bid on Tuesday as sentiment suffered a slight lull following disclosures by First Republic Bank after market close on Monday in the US. Fears of a further selloff in banking stocks resurfaced following an already cautious mood ahead of US companies’ earnings and data out this week.The…

© Reuters. FILE PHOTO: A person walks by United Parcel Service (UPS) trailers at a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly By Priyamvada C (Reuters) -United Parcel Service Inc on Tuesday pegged annual revenue at the lower end of its prior forecast and warned of persistent pressure on parcel volumes, sending shares of the world’s largest parcel delivery firm sharply down. The commentary from the freight bellwether could mean a delayed recovery in volumes for the shipping industry that was expecting some relief by second half of the year. Shares of rival FedEx Corp…

The USD is running higher as rates tumble to the downside. 2 year yield is down -12.4 basis points and looks toward the 4% level. It currently trades at 4.020%. The 10 year yield is down -10 basis points at 3.416%.That along with some technical breaks after the declines in the greenback yesterday, reverse course:EURUSD moves toward its 100/200 hour moving averagesGBPUSD falls away from its 100/200 hour moving averagesUSDCAD trades at the highest level since March 28 Source link