Author: FX

Share: What you need to take care of on Tuesday, February 14: Tensions between the US and China weighed on the market mood at the weekly opening, with the Greenback making the most out of it. However, a better market mood during European trading hours pushed the US Dollar into the red across the FX board. Still, the absence of relevant macroeconomic releases and the upcoming US Consumer Price Index update limited the intraday US Dollar slide. Market players await the release of the January United States Consumer Price Index (CPI). Inflation is foreseen raising at an annualized…

US INFLATION KEY POINTS:U.S. stocks rally at the start of the week, with the Nasdaq 100 leading gains on Wall StreetMeanwhile, the U.S. dollar and gold prices are modestly weaker ahead of a key U.S. economic report on TuesdayJanuary U.S. inflation data due for release tomorrow morning will set the trading tone for different assets Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Understanding Inflation and its Global ImpactRisks assets were bid up on Monday ahead of key U.S. economic data. In afternoon trading,…

Genpact raises quarterly dividend by 9.6% to $0.137/share Source link

AUDUSD approached topside target resistanceThe AUDUSD has continued a run higher in trading today which has the pairs trading range at 81 pips. That is just 3 pips short of the 22 day average (about a month of trading).That run higher has started to hit upside targets. The first is the 38.2% of the move down from the February 2 high. That comes in at 0.69704. Above that, The falling 200 hour MA comes in at 0.6974. The swing area between 0.6983 to 0.6996 comes into playThe 50% of the move down from the February 2 high at 0.7006. Last…

USOIL, Daily The International Labor Organization (ILO) has warned that the current slowdown in the global economy will force more workers to accept low-paid and precarious jobs that lack social protection, exacerbating the inequality that has increased due to the COVID-19 crisis. UK ILO unemployment held steady at 3.7% in the three months to December Employment rose more than anticipated in the three months to December and earnings growth slowed for the overall figure, but accelerated further in the ex-bonus numbers. The latter highlights that the tight labour market and wide spread strike action is forcing companies to up wage…

US INFLATION EXPECTATIONS KEY POINTS:New York Fed one-year consumer inflation expectations remain unchanged at 5.0%, while the three-year-ahead gauge eases to 2.7% from 2.9%. For its part, the five-year outlook ticks up modestly to 2.5% from 2.4%Today’s benign survey’s data fail to spark a significant market reaction as traders await the latest CPI reportJanuary headline inflation is seen clocking in at 0.5% m-o-m and 6.2% y-o-y. Elsewhere, the core measure is expected to print at 0.4% on a seasonally adjusted basis and 5.5% in the last 12-months Recommended by Diego Colman Get Your Free USD Forecast Most Read: US Dollar…

narvikk U.S. stocks on Monday advanced, clawing back some of last week’s losses, as market participants placed their bets ahead of Tuesday’s highly anticipated U.S. consumer price index report. The tech-heavy Nasdaq Composite (COMP.IND) surged 1.34% to 11,875.03 points in morning trade, helped by a jump in shares of Microsoft (MSFT) and Meta (META). The benchmark S&P 500 (SP500) was 0.91% higher to 4,127.62 points, while the blue-chip Dow (DJI) added 0.79% to 34,136.11 points. All 11 S&P sectors – with the exception of Energy – were trading in the green, led by Technology and Consumer Discretionary. 2023’s breakneck rally…

Share: The Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations showed on Monday that the US consumers’ one-year inflation expectation stayed unchanged at 5% in January. Further details of the publication showed that the three-year ahead expected inflation declined to 2.7% from 2.9% in December and the five-year ahead expected inflation edged higher to 2.5% from 2.4%. On a concerning note, the expected household income growth for the year ahead dropped to 3.3% from 4.6%, marking the biggest decline in the survey’s history. Market reaction The US Dollar Index stays under modest bearish pressure following…

By Terje Solsvik OSLO (Reuters) – Arne Treholt, a Norwegian diplomat who sold Western secrets to the Soviet Union during the Cold War and as recently as 2020 warned countrymen not to antagonise Russia, has died in Moscow aged 80, the Norwegian government said on Monday. Treholt, a journalist, politician and diplomat once tipped to become foreign minister, was arrested in 1984 and sentenced to 20 years in prison. The court verdict said his espionage had caused “irreparable harm” to Norway. The son of a former cabinet minister, Treholt was detained at Oslo airport about to fly to a meeting…

Turkey’s Economic Bleak Outlook Fueled by Outrage Against President ErdoganPresident Erdogan under severe scrutiny – Death toll from last week’s earthquake reaches 36,000.USD/TRY rises towards all-time high as political tensions rise.US Dollar resilience holds ahead of tomorrow’s US CPI print Recommended by Tammy Da Costa Forex for Beginners Turkish President Faces Scrutiny Following Last Week’s 7.8 Magnitude EarthquakeTurkish president, Tayyip Erdogan is facing rigorous scrutiny as angry citizens of Turkey condemn the government’s slow reaction to last week’s disaster. On Monday 6 February 2023, a catastrophic earthquake wreaked havoc in Turkey and Syria, killing thousands of people in the process.At…