Author: FX
Crude Oil Price, Chart, and AnalysisOil prices made fleeting gains after US rates rose as expectedMajor producers agreed to extend their production cuts on WednesdayUS inventories rose by much more than expectedOil prices slipped back in Thursday’s European session after short-lived gains in Asia following the United States Federal Reserve’s quarter-point interest rate hike.Despite higher borrowing costs the US Dollar initially weakened after Fed Chair Jerome Powell said that the ‘disinflation process has started’ even as price rises remain relatively strong. The central bank said that ongoing rate rises remain appropriate, but markets clearly believe that the bulk of such…
Trian asks Disney investors to add Peltz to board, oppose reelecting Michael Froman Source link
3/3 © Reuters. FILE PHOTO: A Cadillac Lyriq electric vehicle (EV) under General Motors is seen during its world premiere on a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song 2/3 LOS ANGELES (Reuters) – Netflix Inc (NASDAQ:) has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors (NYSE:). The streaming service announced an agreement on Thursday to feature vehicles including the Chevrolet Bolt, the electric GMC Hummer pickup and the Cadillac Lyriq in TV series and films “where relevant.” The companies will highlight the partnership in…
ECB Rate Decision Key Points: Recommended by Zain Vawda Get Your Free EUR Forecast The European Central Bank has raised interest rates by 50bps in line with expectations. The central bankexpects to raise rates further keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. Inflation remains a sticking point with the ECB confirming it intends to raise interest rates by another 50 basis points at its next monetary policy meeting in March and it will then evaluate the subsequent path of its monetary policy. Future decisions will be data…
Traders often look for opportunities to make it big in a single trade. At the same time, traders also want to trade in this manner consistently. Trading with high yields mean having high risk-reward ratios. On the other hand, trading with high consistency and accuracy means that the trader is trading with a high probability strategy and as a result has a high win rate. It is all well and good to be aiming for excellence on both ends. However, it is not usually the case. Often, traders would have to pick one or the other. Traders either go with…
<p style="" class="text-align-justify">He says that they had previously had the presumption that the economy would evolve as they thought it would, which would have warranted a series of aggressive rate hikes and he also highlighted on the removal of the word "forceful" – which I highlighted <a href="https://www.forexlive.com/centralbank/boe-raises-bank-rate-by-50-bps-to-400-as-expected-20230202/" target="_blank" rel="follow">here</a>.</p><p style="" class="text-align-justify">The headline remark has sent the pound to fresh lows with EUR/GBP hitting 0.8955 and GBP/USD just under 1.2270 on the day.</p> This article was written by Justin Low at www.forexlive.com. Source link
POUND STERLING TALKING POINTSGBP on offer after BoE’s 50bps rate hike.Wording in MPC report less aggressive than prior releases.Pullback on GBP/USD on the cards. Recommended by Warren Venketas Get Your Free GBP Forecast GBP FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The Bank of England’s (BoE) has expectedly hiked interest rate by 50bps this Thursday with a vote split of 7 in favor of a rate hike while the BoE’s Tenreyro and Dhingra opted to keep rates unchanged as was the case in…
The Dollar has broken to new lows for the year. Economists at ING expect the US Dollar Index (DXY) to dip toward 100 level. Lower volatility will support the carry trade “Positioning is probably the biggest factor preventing a further Dollar decline right now, but the benign macro story does favour DXY continuing to drift lower to the 100 area.” “Lower volatility in the rates space will be feeding into lower FX volatility. Assuming no major fireworks from today’s ECB/BoE meeting or tomorrow’s US jobs report, lower volatility will support the carry trade. Here, we like the Mexican Peso where…
USD/JPY AnalysisRisk assets rally after FOMC on encouraging disinflation admission, appearing to ignore the warnings that accompanied itNarrowing rate differential suggests USD/JPY trend continuationUSD/JPY technical analysis and levels to watch ahead of NFP dataThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what our analysts foresee in the yen for Q1 Risk Assets Rally After FOMC Inflation AdmissionJerome Powell had a lot to say during the press conference after last night’s FOMC decision to hike the Federal Funds rate by…
onurdongel TotalEnergies (TTE) and Air Liquide(OTCPK:AIQUF) (OTCPK:AIQUY) to develop a network of hydrogen stations, geared towards heavy duty vehicles on major European road corridors. This will aid goods transportation and further strengthening the hydrogen sector. The partners aim to deploy more than 100 hydrogen stations on major European roads and these stations, under the TotalEnergies brand, will be located on major strategic corridors. TotalEnergies (TTE) will bring its expertise in the operation and management of stations networks and the distribution of energies to BtoB customers; wheras, Air Liquide (OTCPK:AIQUY) will contribute with its expertise in technologies and its mastery of…