Author: FX

2/2 © Reuters. FILE PHOTO: A satellite view shows a closer view of exploding munitions, in Bakhmut, Ukraine, January 3, 2023. Satellite image 2023 Maxar Technologies./Handout via REUTERS 2/2 (Reuters) – Ukraine said its troops were holding out against pro-Moscow forces in the eastern salt mining town of Soledar as more than 500 civilians including children were trapped there. FIGHTING * The ultra-nationalist contract militia Wagner, run by an ally of Russian President Putin, claims to have taken Soledar after intense fighting that it said had left the town strewn with Ukrainian dead. * Moscow has held off officially proclaiming…

Earlier from the South Korean central bank:Main points from the statement now accompanying the decision, Headlines via Reuters: Economic growth to slowGDP growth to be slower than expectedInflation to slow graduallyHousing price decline acceleratedStatement has no reference to need for more rate hikesStatement adds assessment of recent rate hikes to factors to be considered going forwardPolicy focus will remain on containing inflationExtends existing measures to support short-term money markets by 3 monthsADVERTISEMENT – CONTINUE READING BELOW Source link

GBP/USD picks demand around 1.2200 as risk appetite improves further The GBP/USD pair has rebounded after a corrective move to near the round-level support at 1.2200 in the early Toyo session. The Cable has resumed its upside journey as the risk appetite of the market participants has improved further. Read More … Cable breaking 1.2085 resistance, new support? Cable has made a nice bullish turn from 1.1840 area so there can be more gains coming after current intraday pullback that already has a corrective look for wave 2/B. However, because of important US CPI and volatility, there is a chance…

PhotoAttractive/E+ via Getty Images U.S. corn and soybean futures rose Thursday following a surprise cut in production estimates in the latest WASDE report from the U.S. Department of Agriculture. In the latest world supply and demand report, the USDA cut its estimate for the domestic corn crop to 13.73B bushels and its outlook for soybean production to 4.28B, attributing the unexpected production cuts to a reduction in harvested area, which helped lift futures contracts for the two crops. The report also trimmed its outlook for corn and soy production in drought-hit Argentina, where some traders said more cuts were warranted.…

Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market OpenGold prices roar higher as in-line US CPI report sinks US DollarMarkets slowly pricing out 2 more Fed rate hikes in months aheadXAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market Briefing – US CPI Report Boosts Gold Prices as USD SinksGold prices roared higher on Thursday in the aftermath of December’s US inflation report. Headline CPI crossed the wires at 6.5 percent y/y, which was in line with expectations and down from November’s 7.1% result. There seemed to…

© Reuters. FILE PHOTO: The logo of the Carlyle Group is displayed at the company’s office in Tokyo, Japan October 17, 2018. REUTERS/Issei Kato/File Photo (Reuters) -Carlyle Group is in discussions with senior Wall Street executives for its top role, according to a Financial Times report on Thursday, citing multiple people familiar with the matter. The private equity firm is considering Citigroup Inc (NYSE:)’s chief financial officer Mark Mason and Morgan Stanley (NYSE:)’s chief operating officer Jonathan Pruzan as contenders for its CEO role, the report said. Earlier this week, Pruzan, who was once considered among the possible lead for…

Eamonn Sheridan Thursday, 12/01/2023 | 23:01 GMT-0 12/01/2023 | 23:01 GMT-0 The US CPI data was released Thursday, ICYMI:More: Goldman Sachs report on the inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential.…

Fluor (NYSE:FLR) said Thursday its Dutch joint venture ALSÉÉN signed a contract with the Rijkswaterstaat in Netherlands to perform design, construction and maintenance of the A27 motorway project from Everdingen to Hooipolder. Fluor said it will book its share of the $436 million (€414 million) contract in the first quarter of 2023. Preliminary project work is scheduled to be begin in 2023 with anticipated completion from 2029 to 2031. After completion, Ballast Nedam and Fluor will be responsible for maintaining the highway for 15 years. Source link

© Reuters. FILE PHOTO: A pump jack of Wintershall DEA is pictured in Emlichheim near the northern German city of Meppen, Germany, March 9, 2022. REUTERS/Fabian Bimmer By Laila Kearney NEW YORK (Reuters) -Oil prices gained about $1 a barrel on Thursday, supported by figures showing U.S consumer prices unexpectedly fell in December and by optimism over China’s demand outlook. The U.S. consumer price index dipped 0.1%, suggesting inflation was now on a sustained downward trend. Top oil importer China is reopening its economy after the end of strict COVID-19 curbs, boosting hopes of higher oil demand. settled at $84.03…

WTI crude oil futures continues its move to the upside todayRecall from yesterday, the weekly oil inventory data showed a huge build of 14 million barrels, but that didn’t stop buyers from squeezing the shorts to the upside. Looking at the hourly chart, the price moved away from its 200 are moving average yesterday, and today extended above the 61.8% retracement of the move down from the January high. The high price in January came in on January 3 at $81.50. That level along with the $80 natural resistance are the next upside targets on further upside momentum.On the downside…