Author: FX
Stifel Financial raises dividend by 20% to $0.36 Source link
The data is here:ANZ:Australia’s CPI data showed momentum continued to build in domestically driven inflationary pressures in Q4. Non-tradables and services inflation accelerated, both annualising around 8½% y/y, cementing a 25bp cash rate hike in FebruaryAnd, from Australia’s biggest fund:Correct me if I’m wrong but I think Dr. Oliver was in the February ‘pause’ camp. He has now updated his view on the updated data. Makes sense to me. Source link
Gold price is attempting to surpass $1,940.00 as US yields drop further. The USD Index to remain weak this year as attention is turning towards policy tightening in other advanced economies. Gold price is auctioning in a Rising Wedge, portraying a volatility contraction. Gold price (XAU/USD) is aiming to overstep the immediate resistance of $1,940.00 in the Tokyo session. The precious metal is gaining strength amid rising demand for the US government bonds that have weakened yields further. The 10-year US Treasury yields have dropped to near 3.45%. A sell-off in the S&P500 futures is indicating that the risk-taking capacity…
S&P 500, MSFT, GDP, Recession and DXY Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00The two-day charge for risk-leaning assets earned the S&P 500 a clear break through its 200-day SMA, trendline resistance and overlapping Fibs; but where is the follow through?Our growth interests given an update this past session with the January PMIs; but the market seems to be looking for something more weighty for conviction Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast Technical achievements alone are not enough to prompt the market to action. For charts traders –…
Australian Dollar, AUD/USD, US Dollar, RBA, CPI, RBNZ, AUD/NZD – Talking PointsThe Australian Dollar ran higher after CPI figures beat estimatesBoth the headline and trimmed measures were above forecastsThe RBA might have a problem on their hands. Will AUD/USD continue higher? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian Dollar made a 5-moNth high in the aftermath of headline CPI of 7.8% beating forecasts of 7.6% year-on-year to the end of December and against 7.3% previously.The December quarter-on-quarter headline CPI was 1.9% rather than the 1.6% anticipated and 1.8% prior.The RBA’s preferred measure of trimmed-mean CPI was…
David McNew/Getty Images News Exxon Mobil (NYSE:XOM) said it has stopped routine flaring of natural gas from production in the Permian Basin and will press for stronger regulations for rivals to do the same, Reuters reported Tuesday. The company’s embrace of tighter methane regulations “levels the playing field,” Exxon’s (XOM) chief environmental scientist Matt Kolesar said, according to the report. “We need strong regulations so it doesn’t matter who owns the facility” or where they operate around the world. Focusing on methane is “by far the most cost-effective” route to slowing climate change, Kolesar said. Exxon (XOM) is starting with…
By Ambar Warrick Investing.com– New Zealand’s consumer price index remained pinned to a 32-year high in the fourth quarter, heralding continued pressure on the economy from historically high price pressures, although the reading did come below the Reserve Bank’s expectations. grew an annualized 7.2% in the three months to December, data from Statistics New Zealand showed on Wednesday, remaining steady from the prior quarter and slightly beating expectations of 7.1%. The index remained at its highest level since June 1990. On a , inflation grew 1.4%- slightly more than expectations of 1.3%, and less than the September quarter’s reading of 2.2%.…
Analysis from Kiwi Bank in New Zealand on the CPI data published earlier today:The December quarter inflation report was slightly above market expectations, but below RBNZ expectations. The inflation rate held at 7.2%. And price pressures remain intense, for now.There were some upside surprises in the basket, particularly airfares. The return of international tourists have enabled some chunky price hikes, with accommodation services up 14%yoy.We are seeing the peak in inflation now. And the outlook for inflation, both offshore and onshore, is improving. The world war on inflation is being won.We now expect the RBNZ to deliver a 50bp hike…
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of CY2022. The EUR/USD pair is aiming for a recovery extension to near the critical resistance of 1.0900 as the odds of hawkish European Central Bank (ECB) bets are soaring dramatically. The major currency pair is looking to extend its upside journey further as the expectations…
South Atlantic Bancshares GAAP EPS of $0.52, revenue of $13.61M Source link