Author: FX
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…
On Friday I’m hosting a webinar on how to trade the news. It’s totally free and you can sign up here. It’s at 9 am ET on Friday (1400 GMT).I don’t do these often so it’s a chance for me to talk in more depth about what moves the market. There’s so much noise in the news and picking through it all to find the signal is more of an art than science. How do you balance conviction in a theme against a series of headlines that run counter to it? How do market expectations differ from the economist consensus?Most…
Share: USD trades narrowly mixed. Shaun Osborne, Chief FX Strategist at Scotiabank, believes that a hawkish tone in FOMC Minutes could propel the Dollar. USD set to gain a little ground in the near-term “I’m still leaning towards the idea of the USD gaining a little ground in the near-term.” “There are no major data releases scheduled for North America today. However, the Fed releases the Feb 1 FOMC minutes. The chances of the pace of policy tightening picking up again are low but a hawkish undertone to the minutes (more support for bigger hikes or a developing…