Author: FX
Share: Market sentiment remains cautious as traders await US CPI for January. Hopes of upside surprise, hawkish Fed talks probe the previous optimism. S&P 500 Futures seesaw after the biggest daily jump of February. US 10-year Treasury bond yields remain depressed following a U-turn from monthly peak. Markets depict the typical pre-data anxiety as traders await the all-important US Consumer Price Index (CPI) for January during early Tuesday. Adding to the lack of trading momentum could be the cautious mood ahead of multiple key releases from Japan, Europe and the UK. While portraying the mood, the S&P 500…
© Reuters. FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration By Hannah Lang, Tom Wilson and Elizabeth Howcroft WASHINGTON/LONDON (Reuters) – The firm behind Binance’s stablecoin, Paxos Trust Company, said the U.S. Securities and Exchange Commission (SEC) has told the company it should have registered the product as a security and is considering taking action against the platform. In a statement on Monday, Paxos said it disagreed with the SEC’s allegations that Binance USD is a security and is “prepared to vigorously litigate if…
EuToch Super Bowl viewing might be back in vogue. Sunday’s Fox (NASDAQ:FOX) (NASDAQ:FOXA) telecast of Super Bowl LVII drew an average 113M viewers, about a 1% increase from the NBC telecast in 2022. Last year’s game, of course was a rebound from the 2021 game, which had the lowest Super Bowl ratings in 13 years. The 2021 game matched up the Kansas City Chiefs and Tampa Bay Buccaneers, while last year featured the Los Angeles Rams and Cincinnati Bengals. Sunday saw the Chiefs back in the game to face off against the Philadelphia Eagles, and (as these kinds of things…
This is the monthly survey of consumer sentiment from Westpac in Australia. Comes in at an awful 78.5, down 6.9% m/mEarlier we had a horrendous weekly consumer confidence number, the worst since the beginning of the pandemic!Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and…
Share: AUD/JPY is expected to extend its correction to near 92.00 as investors see the abolishment of the YCC by the BoJ. An abolishment of YCC will provide more returns on yen-denominated assets. The RBA has already hiked its interest rates to 3.35% and more hikes are in pipeline to contain the stubborn inflation. The AUD/JPY pair has turned sideways after a marginal correction to near 92.20 in the early Tokyo session. The risk barometer is expected to deliver more losses as the novel Bank of Japan (BoJ) leadership might abolish the Yield Curve Control (YCC), as reported…
Dow, 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 133The Dow Jones Industrial Average closed out Monday at the top of its multi-month wedge around 34,250 while the DXY Dollar Index bounced from its own 103.75 channel ceilingMarket’s are awaiting release of the US CPI update for January given the data series’ ability to charge serious volatility with previous updates Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast The market’s risk appetite to start this new trading week skewed positive Monday, but there…
H&R Real Estate Investment Trust FFO of C$0.310 Source link
© Reuters. FILE PHOTO: The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann By Chavi Mehta (Reuters) – Palantir Technologies (NYSE:) said it expects 2023 to be its first profitable year as the maker of data analytics software benefits from cost cuts and the artificial intelligence boom, sending its shares up 15% in trading after the bell. The company has reduced employees’ stock-based compensation and cut back on cloud expenditure in recent months in response to lower spending from recession-wary businesses, finance chief David Glazer told…
Plenty on the calendar today. With the next Reserve Bank of New Zealand policy meeting due on February 22, from which we’ll get its Monetary Policy Statement and OCR announcement, the inflation expectations data from NZ is of note. Westpac provide a summary preview of this:The risk of an enduring wage-price spiral is a key concern for the RBNZ. Central to this is the level of inflation expectations, which have risen sharply over the past year. That includes a rise at the longer- term horizons that are of more concern for monetary policy. The February survey is likely to show…
Crude Oil, Open Interest, Sentiment, USDCAD and CPI Talking Points:The Market Perspective: Crude Oil Range Between 82.50 and 72.50US-based WTI crude futures have moved up to trendline resistance that stretches back 8 months, but both retail and large speculative interests seem to believe in the ceilingThe correlation between US oil and USDCAD is an assumed common, negative relationship; but this Dollar-pair is one of the less responsive pairs to recent CPI volatility Recommended by John Kicklighter How to Trade Oil There is an unease in the markets that seem to be associated to the anticipation of Tuesday’s top event risk:…