Author: FX

iShares Biotechnology ETF declares $0.101 dividend Source link

The US Federal Reserve announced a 50 bp increase in the federal funds rate in line with market expectations to place it in a target range of 4.25%-4.50% (the highest level in 15 years – since 2007), mitigating the 7th and last increase of the year compared to the last four that were 75 bp, rising a total of 425 bp during 2022. The Fed does not plan to stop on its way to return inflation to its 2% target while maintaining maximum employment, which is why, during today’s statement, its chairman Jerome Powell pointed out that “We have more…

© Reuters. FILE PHOTO: Tesla Chief Executive Elon Musk speaks during the live-streamed unveiling of the Tesla Semi electric truck, in Nevada, U.S. December 1, 2022, in this still image taken from video. Tesla/Handout via REUTERS (Reuters) -Tesla Inc Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday. The latest sale, Musk’s second since his $44 billion purchase of Twitter in October, brings the total Tesla (NASDAQ:) stocks sold by the billionaire to nearly $40 billion over the past year. He now owns…

<p>Japanese media with the report (Jiji)</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link

China’s November Retail Sales YoY, slumped 5.9% vs. 3.6% expected and -0.5% previous while the country’s Industrial Production came in at 2.2% YoY vs. 3.6% estimated and 5.0% prior. Meanwhile, the Fixed Asset Investment dropped to 5.3% YoY in November vs 5.6% expected and 5.8% last. Market reaction The Australian dollar remains unfazed by the downbeat Chinese data release. The AUD/USD pair is licking its wounds near 0.6850, down 0.25% on the day, as of writing. Source link

Australian Dollar, AUD/USD, Chinese Data, Rising Wedge – Asia Pacific Market OpenAustralian Dollar falls on disappointing Chinese dataSlowing China has downside consequences for AustraliaAUD/USD bearish reversal warnings continue growing Recommended by Daniel Dubrovsky How to Trade AUD/USD The Australian Dollar weakened slightly in the wake of a disappointing round of key Chinese economic figures. Industrial production rose just 2.2% y/y in November versus the 3.5% estimate. This represents a slowdown from 5.0% in October.Meanwhile, retail sales shrank 5.9% y/y for the same period, much worse than the -4.0% consensus. This also represents an acceleration from the -0.5% slump in October.…

Japanese Yen, USD/JPY, Australian Dollar, AUD/USD, FOMC – Asia Pacific Market Open Recommended by Daniel Dubrovsky Forex for Beginners Asia-Pacific Market Briefing – Are Markets Setting up for Volatility After the Fed?The Federal Reserve came and went, leaving financial markets to digest what Chair Jerome Powell could have in store next year. At a first glance, the market reaction was rather mute. The US Dollar cautiously weakened as gold prices aimed slightly higher. Stock markets were cautiously pessimistic, with the S&P 500 down about 0.6%. Meanwhile, the Japanese Yen was mostly flat.The central bank is setting itself up for an…

Coeur d'Alene Bancorp declares $0.29 dividend Source link

<ul><li>S&P 500 down 24 points to 3995 (-0.6%)</li><li>Nasdaq -0.8%</li><li>Russell 2000 -0.6%</li><li>DJIA -0.4%</li><li>Toronto TSX Comp -0.5%</li></ul><p>The initial reaction was strongly negative to the Fed statement and that briefly extended on Powell's comments before a rebound. The bounce even led the indexes into positive territory briefly before sellers took over again. I don't think we've seen the final word on that market's reaction to the FOMC.</p> This article was written by Adam Button at www.forexlive.com. Source link

US Dollar is back on its backside following a mixed reaction to the Fed event. Two-way price action was the outcome in financial asset classes to the Fed and US Dollar prints fresh bear cycle low.  The US Dollar is tailing off from the highs that were made on the knee-jerk in what was perceived to be a hawkish rate hike of 50 basis points by the United States Federal Reserve. At the time of writing, DXY, an index that measures the US Dollar vs. a basket of currencies, is correcting all of the post-Fed announcement rally from the high of 104.163 to…