Author: FX
Share: USD/JPY takes offers to refresh intraday low, prints the first daily loss in three. US Treasury bond yields grind near monthly high after Fed policymakers defend rate hikes. BoJ governing board nominations appear hawkish enough to favor JPY bulls. Unimpressive US inflation highlights Retail Sales, NY Empire State Manufacturing for clear directions. USD/JPY returns to the bear’s radar on early Wednesday, following a two-day winning streak, as market players reassess the hawkish Fed verdict vis-à-vis expectations of the Bank of Japan’s (BoJ) next move. That said, the Yen pair renews its intraday low near 132.70 while printing…
Soroban Capital boost stake in Nutrien, exits Mastercard, Wabco, Yum Source link
© Reuters. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett, arrives to attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 5, 2022. REUTERS/Brendan McDermid By Carolina Mandl and Sittrarasu S NEW YORK/BANGALORE (Reuters) -Warren Buffett’s Berkshire Hathaway (NYSE:) Inc slashed its stake in Taiwanese contract chip-maker TSMC as well as in some banks in the fourth quarter, while bolstering its holdings in Apple Inc. Berkshire cut its position in Taiwan Semiconductor Manufacturing Co Ltd (TSMC) by 86.2% to 8.29 million sponsored American depositary shares, according to a regulatory filing. The announcement comes roughly…
S&P 500, VIX, Dollar, CPI Inflation and USDJPY Talking Points:The Market Perspective: EURUSD Bearish Below 1.08; Dow Range Between 34,200 and 33,200; USDJPY Bullish Above 133US CPI cooled for a 7th consecutive month but the pace of ‘dis-inflation’ has noticeably cooled with a tepid drop to a 6.4% headline that has bolstered Fed rate expectationsDespite the higher rate trajectory expected for the US, the S&P 500 was steady, the VIX dropped sharply and the Dollar progressed little…now what? Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast This week’s top event risk has come and gone and many…
The report from Deutsche Bank concludes:we remain bullish EUR/USD and believe corrections lower this year should be bought”But why?” you ask … read on.DB outline 3 reasons for their view. In summary:1. Natural gas prices falling. DB say:on current trends gas storage could be refilled by the summer. After that, Europe won’t need to buy more gas until winterwe estimate Europe’s import bill could more than halve this year, implying 100bn-150bn less EUR selling from natural gas alone2. Over the past ten years, European investors have engaged in a massive divestment programme of domestic yield in favour of international assets.…
Share: GBP/USD rallied early on Tuesday after data showed British wages rose faster than expected in the last three months of 2022. The data raised the prospects of a more hawkish Bank of England as the inflation battle consumes sentiment in markets. In that regard, the US Consumer Price Index was the next key event for the pair with the data underpinning the outlook for further rate hikes from the Federal Reserve. Read More… The GBP/USD dropped sharply in the North American session following the release of inflation data in the United States, which, although increased, initially sent the GBP/USD spiking towards its…
Udemy GAAP EPS of -$0.36 misses by $0.03, revenue of $165.3M misses by $0.27M Source link
stocks Deere & Company, also known as John Deere, is the largest manufacturer of agricultural, forestry and construction machinery in the US and the world. In addition, the company also provides financial services through John Deere Financial. The company has a capitalization of $121.24B and expects to report earnings results for the end of the fiscal quarter ending January 2023 this Friday, February 17 before the market opens. DE EPS for the 1st Quarter 2023 Source: Nasdaq Zacks positions John Deere Rank #2 (Buy) in the Top 12% position (#31/252) of the Manufacturing – Farm Equipment industry. For this report,…
© Reuters LAHORE, Pakistan (Reuters) – Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet in the South Asian country this week just as its economic crisis took a turn for the worse. In less than a month, Pakistan’s currency has lost more than a quarter of its value against the U.S. dollar, and fuel prices have risen by almost a fifth as the government implemented fiscal measures that are prerequisite to unlocking funds from an International Monetary Fund bailout. Inflation in January spiked to 27% year-on-year, the highest…
GBPJPY moves above the 38.2% and trades to a new year highThe GBPJPY is trading higher today and is one of the biggest movers. The pair is up 0.80% currently. That comes after an even better gain of 1.4% yesterday.Looking at the daily chart, the buyers have been able to extend the price above the 38.2% retracement of the move down from the end of October high. That level comes in at 161.747. The high price has reached 162.165 today. Stay above now, is more bullish. The high from December 28 at 162.329 is the next upside target. Move above…