Author: FX
USD, JPY, Euro Talking Points:This article takes a step back to look at three top FX themes for 2023.Does the Fed pivot and what might that pivot look like? The bigger change may be at the BoJ but focus will remain on the ECB and BoE as each struggles with +10% inflation.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free USD Forecast It’s been a big year for FX markets. The US Dollar came into…
Hirurg/iStock via Getty Images BetMGM’s approval for online betting in Massachusetts is a sign of things to come, according to Max Bichsel, VP of Sports of Gambling.com Group (GAMB). Bischel told Seeking Alpha that the approval in Massachusetts represents an important step both in terms of addressable market within the state and its potential to regulate efficiently and effectively. If it is able to do so, many states yet to approve online sports wagering could model subsequent legislation on the policies pursued by the Bay State. “As we look into 2023, we will have the Ohio market launching on January…
© Reuters. Apple (AAPL) iPhone Pro supply slowly continuing to improve — JPMorgan By Sam Boughedda JPMorgan analysts maintained an Overweight rating on Apple Inc (NASDAQ:) shares in a note Tuesday, telling investors supply for the iPhone Pro models continues to improve slowly. “In Week 16 of our Apple Product Availability Tracker, supply for the iPhone Pro models continues to improve slowly, with lead times moderating further in China, and a majority of SKUs are now available for in-store pickup across all geographies, including China for the first time since product launch,” the analysts wrote. They added that lead times…
Prior was +10.4%October prices -0.5% vs -1.1% expectedPrior m/m -1.2% (revised to -1.3%)Non-seasonally adjusted -0.8% m/mThe national price index from the FHFA was also released and was flat on the month and up 9.8% y/y.I’m concerned about housing for housing’s sake but not for the greater US economy. The y/y numbers show just how few homeowners are underwater on their purchase. The problem is that people are afraid to move because they’ll have to get a mortgage at a much higher rate.ADVERTISEMENT – CONTINUE READING BELOW Source link
Apple 'unlikely' to use foldable iPad as replacement for iPad mini in 2025 Source link
© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermid (Reuters) – U.S. stock index futures rose on Tuesday after China further relaxed its COVID-19 curbs, fuelling hopes of a recovery in the world’s second largest economy. China said it would stop requiring inbound travelers to go into quarantine starting Jan. 8, a major step in reopening its borders, adding that it would also downgrade the seriousness of COVID as it has become less virulent. U.S.-listed shares of Chinese firms such as JD (NASDAQ:).Com Inc, Alibaba…
If you think back to eight to ten years back, the European economy was in a massive blackhole – having to deal with the sovereign debt crisis, threats to the Eurozone breaking up, and weakening growth alongside rather depressed inflation pressures. The ECB had no room to wiggle with its easy monetary policy (negative rates) and we all were witnessing the Japanification of Europe.German bond yields were in negative territory for the better part of the last decade and if not for the pandemic, any one person in the market would have laughed off the thought of yields rising back…
Economists at Danske Bank forecast EUR/GBP at 0.85 in 12 months as global growth slowdowns and relative appeal of UK assets to investors are a positive for the Pound relative to EUR. Modestly lower in 2023 “In the very near-term, we expect fragile risk appetite and too aggressive market pricing on the BoE to keep EUR/GBP around current levels.” “Further out, we remain cautiously optimistic that the cross will head modestly lower as a global growth slowdown and the relative appeal of UK assets to investors are a positive for GBP relative to EUR.” “Forecast: 0.87 (1M), 0.86 (3M), 0.85…
Contango ORE announces $5.6M private placement Source link
© Reuters. FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha/File Photo BANGKOK (Reuters) – Thailand’s government is planning to keep its budget deficit to no more than 3% of gross domestic product in the 2023 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht ($17.13 billion). Arkhom Termpittayapaisith also said the inflation target range of 1% to 3% was appropriate and monetary policy would ensure continued recovery of the economy. The inflation target will help maintain price stability and keep medium-term inflation expectations…