Author: FX
Coming up from Canada later today, at 1330 GMT, which is 8.30 Eastern time:As is the case in the US eyes are on Services inflation. This has remained sticky in the US.Bank of Canada Governor Macklem:“We will be watching productivity, labour costs and services price inflation closely.”—A potential loose cannon in the numbers today are revisions that the Stats people in Canada will be making to past CPI readings. They’ll revise CPI-trimmed mean and CPI-weighted median measures back 7 years in time. This is normal procedure but it can induce some weird results that make interpretation, and implications, for the…
Missed the chart pattern breakout on Nvidia (NVDA)? Share prices are in the middle of a pullback to the former neckline, so keep your eyes on these levels! Nvidia Corporation (NVDA): Daily Nvida Corporation (NVDA) Daily Chart by TradingView Shares of this advanced semiconductor company recently busted through the neckline of an inverted head and shoulders pattern, indicating that a long-term uptrend is in the cards. Before all that happens, though, NVDA might need to gather more bullish energy by pulling back to the former resistance zone. This area of interest happens to be spanned by the Fibonacci retracement levels…
Share: USD/JPY picks up bids to print three-day winning streak, grinds near intraday top. BoJ’s Kuroda highlights higher wages, Japan’s Jibun Bank PMIs for February came in mixed. Treasury yields reverse Friday’s pullback as full markets return. USD/JPY grinds higher around intraday top surrounding 134.35-40 amid a three-day uptrend during early Tuesday. In doing so, the Yen pair tracks the recent pick up in the US Treasury bond yields while struggling to justify hawkish comments from Bank of Japan (BoJ) Governor Haruhiko Kuroda and the mixed Purchasing Managers Index (PMI) for February. That said, preliminary readings of Japan’s…
Australian Dollar, AUD/USD, US Dollar, PMI, RBA Minutes, Trend – Talking PointsThe Australian Dollar looks to be treading water for nowRBA meeting minutes show inflation forecasts that are under scrutinyIs the trend in play, or will a breakout provide AUD/USD direction? Recommended by Daniel McCarthy How to Trade AUD/USD The Australian Dollar has started this week consolidating with firming PMI data and RBA meeting minutes being released today.The Jibun Bank composite PMI came in at 49.2 for February against 48.2 prior and although it shows an improvement, it remains on the contractionary side of 50.The RBA meeting minutes revealed most…
© Reuters. FILE PHOTO: An employee works at a beer production line at Japanese brewer Kirin Holdings’ factory in Toride, Ibaraki Prefecture, Japan July 14, 2017. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Japan’s manufacturing activity contracted at the fastest pace in 30 months in February, a business survey showed on Tuesday, in a worrying sign for the world’s third-largest economy, which is facing weakening demand and struggling to tame cost pressures. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) fell to a seasonally adjusted 47.4 in February, from a final 48.9 in the previous month. The index…
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: WTI grinds within immediate bullish channel after snapping five-day downtrend. Key moving averages, monthly resistance line challenge buyers. Bears need to conquer $72.70 to retake control, $76.70 acts as immediate support. WTI pares the week-start gains as it prints mild losses around $77.30 during Tuesday’s Asian session. In doing so, the black gold trades inside a two-day-old ascending trend channel. Adding strength to the recovery moves could be the looming bull cross on the MACD, as well as a clear bounce off the six-week-old horizontal support zone, near $72.50-70. It’s worth noting, however, that the quote’s upside…
Whirlpool declares $1.75 dividend Source link
Manitowoc Non-GAAP EPS of $0.74 beats by $0.48, revenue of $621.6M beats by $55.84M Source link
(Reuters) – An explosion tore through an Ohio metals plant on Monday, sparking a fire and sending smoke billowing into the sky, local media reported, citing witnesses. Video from the scene showed multiple first responders on the site including fire fighters who were spraying flames with water on the damaged factory about 15 miles (24 km) southeast of Cleveland. The explosion occurred at the I Schumann & Co. metals plant in Bedford, causing a fire that triggered a call for fire departments across the greater Cleveland and Akron areas to respond, WKYC television news reported, citing witnesses. WOIO television reported…