Author: FX
2/2 © Reuters. FILE PHOTO: Czech presidential candidate Petr Pavel speaks to the media at his headquarters, during the country’s presidential election, in Prague, Czech Republic January 28, 2023. REUTERS/David W Cerny 2/2 BEIJING (Reuters) -China condemned on Tuesday a phone call between Czech President-elect Petr Pavel and Taiwan President Tsai Ing-Wen, saying he ignored Beijing’s repeated attempts at dissuasion. Monday’s call was a diplomatic breakthrough for the China-claimed island, which has no formal relations with Prague. “Czech President-elect Pavel ignored China’s repeated attempts to dissuade him and our repeated representations,” Chinese foreign ministry spokesperson Mao Ning Mao told reporters.…
GBP/USD Price, Charts and Analysis: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPYGBP/USD FUNDAMENTAL BACKDROPCable continued its decline in the early hours of the Asian session to drop below the 1.2350 level. GBP/USD had a modest bounce to trade just above the 1.2350 level heading into the European open which saw dollar bulls return pushing GBPUSD toward the 1.23000 handle.The upside rally on GBPUSD appears to have run out of steam, however with key risk events ahead the move could be due to repositioning by market participants ahead…
Reuters ReportNorway’s $1.3 trillion wealth fund, one of the world’s largest investors, on Tuesday reported a record loss of 1.64 trillion crowns ($164.4 billion) for 2022.The previous largest loss was 633 billion crowns in 2008.The fund’s return on investment stood at minus 14.1% for the year, which was 0.88 percentage point better than the return on the fund’s benchmark index.”The market was impacted by war in Europe, high inflation, and rising interest rates. This negatively impacted both the equity market and bond market at the same time, which is very unusual,” Chief Executive Nicolai Tangen said in a statement.Grim, but…
Global Stocks extend lower, USD steady and Yields picked up across the curve with the short end underperforming in a bear flattener given the Fed views. The curve flattened to -72 bps before unwinding to -70 bps. The looming FOMC decision on Wednesday and expectations for a hawkish trimming in the rate path left bonds and stocks heavy with buyers sidelined. Concerns over upcoming earnings from Apple, Amazon, Alphabet, and Meta also weighed. The US100 slumped -1.96%. European bonds and stocks were mostly lower too ahead of ECB and BoE rate decisions. Elsewhere: China: domestic…
Here is what you need to know on Tuesday, January 31: The US Dollar holds steady above 102.00 early Tuesday after having closed the last three trading days in the positive territory. Following the risk-off action on Monday, markets remain cautious with US stock index futures trading modestly lower on the day. Eurostat will release the fourth-quarter Gross Domestic Product (GDP) for the Eurozone. Later in the day, November GDP data from Canada, US CB Consumer Confidence Index and the US November Housing Price Index figures will be featured in the US economic docket. Earlier in the day, the International…
Investors are all eyes and ears on quarterly earnings reports from tech companies this week! Will these offer opportunities to catch the uptrend on the Nasdaq index? Here are the nearby correction levels I’m watching. Nasdaq 100 Index (NAS100) 1-hour Chart by TradingView Heads up, U.S. equity traders! This stock index is already testing the top of its ascending channel on the hourly time frame, which means that bulls might be in profit-taking mode. Besides, it’s the end of the month and we’ve got big-time earnings reports to watch out for. Apple, Meta, and Alphabet are all scheduled to release…
France GDP expanded 0.1% in Q4 2022, better than forecast Source link
© Reuters. FILE PHOTO: The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann By Noele Illien ZURICH (Reuters) -Switzerland’s UBS Group AG (SIX:) on Tuesday reported a 23% increase in fourth-quarter profit, beating analyst estimates, helped by a fall in costs despite a drop in financial markets. The world’s largest wealth manager kicked off a round of reporting for major European banks, many of which have been cutting jobs and costs in light of waning economic growth. The Swiss bank reported net profit attributable to shareholders of $1.7 billion, versus…
Welcome to the last trading day of all 437 days of January! Whether you’re looking for last-minute trades or you’re setting yourself a strong February, I got yo back with AUD/NZD’s uptrend and Alphabet’s potential breakout. Don’t even think of missing these setups! AUD/NZD 4-hour Forex Chart by TradingView If trends are your friends then it’s time to get acquainted with AUD/NZD’s uptrend. The pair has been giving us higher highs and higher lows since late December but it wasn’t until early January when the 100 SMA crossed above the 200 SMA and confirmed an uptrend. AUD/NZD is currently trading…
Apple Inc，an American multinational technology company that specializes in the design, manufacture, and sale of smartphones (iPhone), personal computers (Mac), tablets (iPad), wearables and accessories (Apple Watch, AirPods, Apple Beats), TVs (Apple TV) and other varieties of related services (iCloud, digital content stores, streaming, licensing services), shall release its Q1 2023 earnings result on 2nd February (Thursday), after market close. What lies ahead for this conglomerate with the largest market capitalization at over $2.3T?Fig 1：Shares of Apples Revenue by Product Category – Source： Statista Apple’s iPhone sales have accounted for most of the company’s total revenue for over the last few…