Author: FX
GER40, Daily GER40, Daily As attention turns to the approaching Fed and ECB announcements, the GER40 index maintains stability near its best level since September last year. The German blue-chip index is in a bull market, having risen more than 28% from a low of 11859.45 in 2022, joining other European indexes that have recently put up a stunning recovery. This week is important for the GER40 index, considering that the Fed will announce its monetary policy decision. The bank is expected to raise interest rates by 0.25% in its first decision this year. The Fed will probably try to…
straga/iStock via Getty Images U.S. natural gas futures concluded January with their second-biggest monthly drop on record, as warmer than expected winter weather held down demand, easing concerns about tight supplies. Front-month Nymex natural gas (NG1:COM) for March delivery settled at $2.684/MMBtu – its second lowest settlement so far this year – up 0.3% for the session but plunging 40% for the month, its biggest decline since a 42% thrashing in January 2001. ETFs: (NYSEARCA:UNG), (UGAZF), (BOIL), (KOLD), (UNL), (FCG) Despite extreme cold in many areas this week, temperatures in the Lower 48 states averaged 42.2 degrees Fahrenheit so far…
S&P 500, FOMC Rate Decision, US Dollar and USDJPY Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00The market forged its way through a heavy session of event risk, but the focus remains on Wednesday’s top listing: the FOMC rate decisionWe run through the scenarios for the Fed decision, the complications for market impact and why I’m paying close attention to the S&P 500 and USDJPY Recommended by John Kicklighter Get Your Free USD Forecast We are closing in on this week’s most closely observed, major event risk: the FOMC rate decision. Despite the market’s…
Stryker up 4% following Q4 top and bottom line beats; 2023 EPS estimate above consensus Source link
© Reuters. Snap shares plunge 14% following Q4 report, warns of sales drop By Davit Kirakosyan Snap (NYSE:) shares plunged more than 14% after-hours following the company’s reported , highlighted by slowing revenue growth as digital ad struggles continue. Q4 EPS came in at $0.14, better than the consensus estimate of $0.11. Revenue was flat year-over-year at $1.3 billion (up 2% year-over-year on a constant currency basis), in line with consensus estimates. According to the company, Q4 materialized largely as expected, with weaker demand from its brand-oriented advertising business, which declined 11% year-over-year, while its DR business performed relatively better,…
<p>This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.Via Twitter:</p><p>Expectations I had seen centred on:Headline crude +0.4 mn barrelsDistillates -1.3 mn bblsGasoline +1.4 mn</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
USDCAD, Interest Rates and FOMC Rate Decision Talking Points:The Market Perspective: USDCAD Bullish Above 1.3200The top event risk for Wednesday, and arguably the entire week, is the FOMC rate decision. Though, as much volatility as it can generate, trend development will be troubledThere is plenty of additional US event risk after the Fed and a number of currency crosses (eg EURUSD) have event risk from peers; but USDCAD is far less encumbered Recommended by John Kicklighter Trading Forex News: The Strategy We are moving head-long into a critical fundamental event that can generate serious volatility across the financial system and…
Inflation in the United States continues to fall, as the ECI showed, sparking talks about a Fed pivot. Canada’s economy stalled and grew at a 0.1% pace in December. USD/CAD Price Analysis: It would likely extend its downtrend and test the 200-day EMA. The USD/CAD retreated on Tuesday, as the US Dollar (USD), extended its losses following a report by the US Department of Labor (DoL), which showed that employment costs cooled down. At the same time, Canada’s economy grew as expected. Therefore, the USD/CAD is trading at 1.3319 after hitting a daily high of 1.3471. US data weighed on…
YinYang/iStock via Getty Images The Health and Human Services Department (HHS) has announced a special Marketplace enrollment period for millions of Americans at risk of losing Medicaid this year when pandemic-era coverage protections end in April. During the temporary enrollment period set for March 31, 2023 – July 31, 2024, people who lose Medicaid coverage can apply for Obamacare outside the standard enrollment period at healthcare.gov. At the start of the pandemic, Congress enacted measures requiring Medicaid programs to keep people continuously enrolled during the COVID-19 public health emergency (PHE) in exchange for enhanced federal funding. The lawmakers enacted a…
© Reuters. FILE PHOTO: The GM logo in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook By Paul Lienert and Joseph White DETROIT (Reuters) -General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected earnings for 2023 and said it would cut $2 billion in costs. The automaker, the top in the United States by sales, forecast that it could hold its pre-tax margins steady between 8% and 10% through 2025, despite a price war that Tesla (NASDAQ:) Inc has triggered in the electric vehicle segment. GM shares opened up…