Author: FX
wutwhanfoto Hong-Kong based Global Engine Group (GLE), a provider of information communication technologies, has set terms for a proposed $16M initial public offering. Global Engine said that it was looking to offer 3.5M ordinary shares priced between $4 and $5, which would raise around $16M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol GLE. Univest Securities is serving as lead bookrunner. Selling shareholders plan to offer an additional 1.9M shares. Global Engine won’t see any proceeds from that sale. Incorporate in the British Virgin Islands, Global Engine operates through subsidiaries in…
© Reuters. FILE PHOTO: JP Morgan CEO Jamie Dimon delivers a speech during the inauguration the new French headquarters of JP Morgan bank in Paris, France June 29, 2021. Michel Euler/Pool via REUTERS/File Photo By Lananh Nguyen MIAMI (Reuters) -The chief executive of JPMorgan Chase & Co. (NYSE:), the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky.” Dimon’s warning came after Federal Reserve officials said more rate rises are on the cards, although none were ready to suggest that…
Germany consumer price index data for January (preliminary) was due on the 31st of January. It was postponed due to a technical data processing problem, the country’s statistics office Destatis said0Its coming up later today instead, at 0700 GMT, 0200 US Eastern time: This snapshot from the ForexLive economic data calendar, access it here. The times in the left-most column are GMT. The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.—Higher inflation is going…
Share: A downside break of the Inverted Flag pattern will drag EUR/JPY firmly. The 50-and 200-EMAs have delivered a death cross, which adds to the downside filters. High volatility is expected from the cross as investors await German inflation data. The EUR/JPY pair dropped after facing barricades around 141.00 in the early Asian session. The pullback move in the cross seems to lack strength, which could result in a resumption in the downside move. EUR/JPY is following the footprints of weaker EUR/USD, amid the risk aversion theme. For further guidance, investors will keep an eye on the preliminary…
Enviva declares $0.905 dividend Source link
4/4 © Reuters. FILE PHOTO: Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, departs from his court hearing at a federal court in New York City’s Manhattan, U.S. January 3, 2023. REUTERS/Davi 2/4 By Dietrich Knauth (Reuters) – Failed crypto firm FTX received court approval on Wednesday to issue subpoenas to its founder Sam Bankman-Fried and members of his family as part of the company’s investigation into “misappropriated and stolen” funds. FTX, a once-prominent crypto exchange, filed for bankruptcy protection in November amid allegations that Bankman-Fried used FTX customers’ money…
Fed Chairman, Jerome Powell in his speech yesterday was overall perceived as neutral. Powell recognised that a disinflationary process is underway, but also stated that interest rates may have to be pushed higher, if jobs data continues to show positive surprises. This may suggest the USD pullback will be contained. New York Fed President William said, that the December rate forecast still seems a very reasonable view of what needs to be done this year to balance supply and demand, and bring down inflation. A further increase of 24bps seems the right size. But the pace will still depend on…
EURUSD, Range, Futures, Open Interest and Sentiment Talking Points:The Market Perspective: EURUSD Bearish Below 1.0700As EURUSD is held up by the 50-day SMA with a dearth of high-profile event risk through the rest of this week, it is worth throttling the time frame to evaluate more timely levelsA four-hour chart of EURUSD reflects more reasonable immediate activity, but on the opposite end of the spectrum there is a long-term build up in Euro futures exposure that should be monitored Recommended by John Kicklighter How to Trade EUR/USD There has been some significant technical activity from EURUSD this past week. With…
EURUSD moved down to swing area between 0.8876 to 0.8884The low price did dip to 0.8874, but quickly bounced. The rising 200 hour MA is also in play at 0.8870.Move below 0.88764 and the 200 hour MA at 0.8870 and the sellers take more control. The 50% at 0.8850 would be the next major target. Conversely hold here and traders will look toward 0.8897. Not only was it a low during yesterday’s trade, but has also been near swing highs from February 2 and also going back to January 13. Source link
Share: USD/CAD bulls are moving in despite the prior day’s bearish close. The US Dollar has firmed on hawkish sentiment brewing around the Fed again and a dovish BoC. In this scenario, we have a 61.8% Fibonacci retracement level near 1.3350 below the neckline near 1.3380. However, given that the price is attempting to close higher for the day, that will leave an emphasis on the upside where eyes look to 1.3475. The Canadian Dollar is trapped between 1.3440 and 1.3420s, below a 2-½-month high of 1.326 that was scored at the start of the month. The US Dollar continues…