Author: FX

The market is going to be doing some soul searching this week about how likely it is the Fed will have to raise rates above 5% and how long they will stay there. Jerome Powell will have a lot to say about that but it all comes back to the data.Today’s US wages numbers were more-benign than feared with wage growth slowing to 1.0% q/q from 1.3% previously. The expectations component of the consumer confidence report The result has been a 0.5% rally in the S&P 500 and a turnaround in risk FX like AUD/USD. Source link

CB Consumer Confidence Key Points:CB Consumer Confidence decreases to 107.1 (vs est 109) – higher interest rates weigh on the business confidence and the short-term employment outlook.FOMC rate decision remains key for the near-term economic outlook – can the Fed avoid panic and ease recession fears? Recommended by Tammy Da Costa Get Your Free USD Forecast CB Consumer Confidence Decreases – Higher Interest Rates Reduce Short-Term Growth ProspectsThe Conference Board Consumer Confidence Index® has decreased for the month of January to 107.1, down from the December reading of 108.3.DailyFX Economic CalendarOn the last Tuesday of every month, the CB confidence…

Siemens SE is a German multinational conglomerate company and by revenue the largest industrial manufacturing enterprise in Europe. Company’s principal business divisions are Industry, Energy, Healthcare, Infrastructure & Cities. Founded in 1847 and headquartered in Munich, Germany, the company employs approx. 385’ooo people worldwide. Siemens is a part of both DAX40 and of SX5E indices. One can note that the economic success of the company is truly accompanied by a strong performance of the Siemens stock. In the initial article from February 2021, we have forecasted a rally to the new highs. We were right. The price has printed the new…

It is a very busy week of central bank actions, data, and earnings. Commanding most of the attention, however, will be monetary policy decisions from the FOMC, ECB, and BoE. Rate hikes are universally expected, but that is where the similarities end. Differences in growth and inflation will lead to differing outcomes and guidance. The Fed is widely expected to hike by 25 bps and the ECB by 50 bps. The BoE is seen tightening 50 bps, but there is increased risk for 25 bps. Find out more for BoE here. Concurrently, there is a heavy data slate that will…

Cadiz prices $40.32M registered direct offering Source link

EUR/USD ANALYSIS & TALKING POINTSEZ economic data unable to deter USD backing.All eyes on the Fed tomorrow with emphasis in post-announcement conference.Can current USD strength last against the EUR? Recommended by Warren Venketas Get Your Free EUR Forecast EURO FUNDAMENTAL BACKDROPThe euro received several key economic data prints (see economic calendar below) from various parts of the eurozone today but did not necessarily reflect the data via the EUR/USD currency pair. Although French inflation missed estimates, the actual figure of 6% still improves on the December figure while the German labor market maintained its robust state. It would be expected…

How to Store Your Crypto – 6 Alternatives to Cryptocurrency Exchanges Users are leaving centralized exchanges as increased scrutiny highlights issues with reserves. Secure ways of storing crypto include self-custodial wallets and regulated crypto custodians. There is no one-size-fits-all solution, and different users will have different needs in custody. The recent collapse of the cryptocurrency exchange FTX was a stark reminder of the vulnerability of these platforms. As one of the world’s leading exchanges, this incident has sent shockwaves throughout the crypto community. The collapse of FTX aggravated people’s fears that their investments may not be safe on digital asset…

The Newsquawk US Market Open: Sentiment soured despite a French inflation induced move higher, US ECI dueKey Points:European bourses are lower across the board, Euro Stoxx 50 -0.6%, as the upside after France’s CPI fizzled out and reverted back to softer APAC performance.Stateside, futures are similarly pressured and have been in-fitting with European peers throughout the session ahead of key Employment Cost data, ES -0.5%.USD is on the front foot amid the downturn in risk sentiment, EUR pressured post-French CPI while Antipodeans lag despite strong Chinese PMIsEGBs are currently mixed/flat, despite pronounced action throughout the session in the wake of…

Economists at Rabobank continue to look for the EUR/GBP pair to edge towards 0.90 around the middle of the year.  There may be some near-term downside potential for EUR/GBP “If Lagarde’s guidance this week disappoints the hawks, there may be some near-term downside potential for EUR/GBP.” “We would view any move lower as an opportunity to sell GBP and maintain our forecast of a move to EUR/GBP 0.90 on a six-month view.”  See: EUR/GBP may hold below 0.8800 until “super Thursday” – ING   Source link

Plug Power and Johnson Matthey enter strategic partnership to accelerate the hydrogen economy Source link