Author: FX

5/5 © Reuters. FILE PHOTO: Pope Francis attends the Vespers prayer service to celebrate the conversion of St. Paul at St. Paul’s Basilica in Rome, Italy, January 25, 2023. REUTERS/Guglielmo Mangiapane 2/5 By Philip Pullella VATICAN CITY (Reuters) -Pope Francis starts a trip on Tuesday to two fragile African nations often forgotten by the world, where protracted conflicts have left millions of refugees and displaced people grappling with hunger. The Jan. 31-Feb 5 visit to Democratic Republic of Congo (DRC) and South Sudan, takes the 86-year-old pope to places where Catholics make up about half of the populations and where…

<p>The FOMC decision is coming up on Wednesday and <a href="https://www.forexlive.com/terms/g/goldman-sachs/" class="terms__main-term" id="79a0b72d-3ac9-4794-9478-58bd0d107622" target="_blank">Goldman Sachs</a> is sticking to its call:</p><p>"We continue to expect that a hike next week will be followed by two additional 25bp hikes in March and May, which would raise the target range for the funds rate to a peak of 5-5.25%."</p><p>Market pricing is for a peak of 4.93% in June and then coming down to 4.53% at year end.</p><p>I should note that it's usually immediately after rate decisions when we see banks change their calls, so keep an eye out on late Wednesday and Thursday because…

US Dollar up modestly amid higher US yields ahead of Fed and key data. Equity and crude oil prices trim losses during the American session. USD/CAD holds above 1.3300, risks remain tilted to the downside. The USD/CAD peaked during Monday’s American session at 1.3357, the highest level since Thursday. It is hovering around 1.3350, slightly away from the critical support area of 1.3300. The January low around 1.3300 is the key level to the downside: a break lower could open the doors to an extension toward to 1.3220 (November low) and the 200-day Simple Moving Average (SMA) today at 1.3204.…

Amgen lays off 300 employees, mostly on commercial team – Endpoints News Source link

MINA Price Breaks Above $0.80 as it Looks to Extend Recent Rally MINA (MINA) has seen a rather impressive surge in its price over the past few days, with the altcoin breaking through the crucial $0.80 resistance.The current resistance level is present at around $1, where the bulls will need to push past in order for further upside.Major support levels are at around $0.75 and $0.65, should Mina fall back down during the correction. MINA cryptocurrency has recorded an impressive gain of around 26% in the last 24 hours, topping the list of top-performing cryptocurrencies in the market. The altcoin…

USDCHF is testing a Topside trendlineThe USDCHF is participating in the ups and downs seen in a number of pairs this morning (see morning video here).Looking at the hourly chart, the price consolidated in a narrow up and down range in the Asian session. In the European session, there was a move to the downside where the price broke below both its 100 and 200 hour moving averages at 0.92087 and 0.91953 respectively (blue and green lines). However, the low price stalled near the upward sloping trendline connecting the January 18 low, to the low price last Thursday. That trendline…

USD/JPY gains some positive traction, though remains confined in a familiar trading range. The mixed fundamental backdrop is seen holding back traders from placing aggressive bets. A convincing break below ascending trend-line support will set the stage for deeper losses. The USD/JPY pair attracts some dip-buying near the 129.20 region on Monday and climbs to a fresh daily top heading into the North American session. Spot prices, for now, seem to have stabilized above the 130.00 psychological mark, though remain well within a familiar trading range held over the past one-and-half week or so. A goodish pickup in the US…

The BoE is facing a very difficult situation, and while the recession may not be quite as bad as feared initially, it will likely be pretty protracted. There are also signs that medium term growth potential is lower than previously thought. Inflation is coming down faster than initially expected, at least in the headline numbers. While it is a close call, we see a good chance for a downgrade in the BoE’s tightening cycle, and a move to 25 basis point steps on Thursday.   Unlike the ECB, the BoE delivered a rather cautious hike in December, and two MPC…

EUR/USD Price, Chart, and AnalysisGerman Q4 GDP misses expectations and turns negative.EUR/USD is back above 1.0900 ahead of major data and events. Recommended by Nick Cawley Get Your Free EUR Forecast Most Read: EUR/USD Technical Outlook: Minor Setback on the Cards?German gross domestic product (GDP) turned negative in the fourth quarter of 2022 according to the latest data from the Federal Statistical Office of Germany, Destatis. German Q4 GDP was expected flat and today’s reading will add to concerns that recent positive market sentiment may be short-lived.‘The gross domestic product (GDP) fell by 0.2% in the fourth quarter of 2022…

Edwards Lifesciences slips as Piper downgrades on challenging setup Source link