Author: FX
EUR/USD buyers are on a roll at the start of the week. Hawkish ECB commentary boosts the Euro bulls, US Dollar falls. Holiday-thinned light trading could exaggerate the moves. The Euro is keeping the upper hand against the US Dollar at the start of the week on Monday, as EUR/USD is rising above the 1.0900 level for the first time since April 2022. The currency pair is under intense buying pressure, courtesy of the hawkish comments from the European Central Bank (ECB) policymakers over the weekend. Hawkish ECB expectations boost the Euro ECB Governing Council member Klaas Knot said on Sunday,…
© Reuters. FILE PHOTO: Thailand’s central bank is seen at the Bank of Thailand in Bangkok, Thailand April 26, 2016. REUTERS/Jorge Silva (Corrects to remove extraneous words from text) By Devayani Sathyan BENGALURU (Reuters) – Thailand’s central bank is expected to raise interest rates by 25 basis points on Wednesday to curb elevated inflation and further hikes are likely even as China’s reopening brightens the economic outlook, a Reuters poll found. Unlike its neighbours in Malaysia and Indonesia, The Bank of Thailand (BOT) is expected to keep tightening policy for awhile longer. While price pressures in Southeast Asia’s second-largest economy…
The US CPI data are published by the U.S. Bureau of Labor Statistics each month. The FOMC is keeping a keen eye on inflation developments. The past few reports have shown the CPI falling, but still very high and still way above the 2% target. Not only the FOMC, traders too. This the most recent report:And the impact on the dollar (and other markets): Next week brings the FOMC, January 31/February 1 meeting:Following along on February 14 is the next in this year’s series of CPI reports. The dates for the year: Source link
US Dollar Index prints four-day downtrend, renews intraday low of late. Fed hawks fail to impress DXY buyers amid talks of February’s 0.25% rate hike, policy pivot. Mixed sentiment in the market, China’s Lunar New Year holidays also help contrinu to the previous moves. Preliminary readings of January PMIs, US Q4 GDP will be crucial for fresh impulse. US Dollar Index (DXY) stays depressed for the fourth consecutive day as sellers poke the 101.90 level during early Monday. In doing so, the greenback’s gauge versus the six major currencies portrays the market’s dovish bias for the Federal Reserve (Fed), despite…
Microsoft Corp., an American multinational technology conglomerate currently ranked the third largest company by market capitalization ($1.728T) which actively engages in the development and support of software, services, devices and solutions, shall release its Q2 2023 financial results on 24th January (Tuesday), after market close. Fig.1: Microsoft’s Revenue Segment (in billion USD). Source: Statista Microsoft derived its revenues from three main segments. The first segment is Productivity and Business Processes segment, which include products and services such as Office Commercial, Office Consumer, LinkedIn and Dynamic Business Solutions. The second segment is Intelligent Cloud segment, including various Server Products and Cloud…
The Stellar Development Foundation (SDF) has become the newest member of the United States Commodity Futures Trading Commission (CFTC) Global Markets Advisory Committee (GMAC), the blockchain announced on its blog. The committee is preparing to meet on Feb. 13 for the first time in over a year. SDF supports the Stellar blockchain, which is used for crypto-fiat transfers. The foundation will be represented on the committee by chief operating officer Jason Chlipala. He wrote in the company blog that “we hope to bring the unique perspective of Layer 1 protocols” to the GMAC and: Continue Reading on Coin Telegraph Source…
Schlumberger is an oilfield services company. A big un. biggest offshore drilling contractor in terms of revenueChief Executive Officer Olivier Le Peuch is bullish energy for the year ahead. Much of the firm’s earning call/report is focused on the oil services business, as you’d expect, but there are a few snippets of relevance to oil/energy markets more generally. In brief:On Q4 2022:In the Middle East, revenue increased by double digits sequentially, with growth in Saudi Arabia, Iraq, and the United Arab Emirates in the solid teens, affirming the much-anticipated acceleration of activity in the region. In North America, US land…
EUR/USD extends previous two-week uptrend with mild gains. ECB’s Knot, Rehn suggest higher rates, push back against policy pivot chatters. Fed policymakers tried to please hawks but failed amid softer US data. January’s PMI, US Q4 Advances GDP will be crucial for immediate directions. EUR/USD prints mild gains around 1.0865 during the three-day winning streak amid the early hours of Monday’s Asian session, following a two-week uptrend. In doing so, the major currency pair justifies the recently hawkish comments from the European Central Bank (ECB) officials while also portraying the cautious mood of traders ahead of this week’s bumper data.…
F.N.B. Q4 2022 Earnings Preview Source link
Crane Q4 2022 Earnings Preview Source link