Author: FX
Logitech guides Q3 revenue below consensus, cuts FY23 outlook Source link
© Reuters. FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. Picture taken August 31, 2018. REUTERS/Tyrone Siu/File Photo TAIPEI (Reuters) – Taiwanese chipmaker TSMC posted a 78% rise in fourth-quarter net profit on Thursday, posting yet another quarterly record, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc (NASDAQ:) supplier, saw net profit for October-December hit a record T$295.9 billion ($9.72 billion)…
It’s all about chart patterns on today’s canvas! Check out these symmetrical triangles on the 4-hour charts of GBP/CHF and WTI crude oil. GBP/CHF 4-hour Forex Chart by TradingView First up is this support bounce off the triangle bottom on GBP/CHF. Is the pair about to test the resistance anytime soon? The short-term double bottom breakout is suggesting that a rally of the same height as the chart pattern, which spans around 150 pips, is in the cards. This might be enough to take the pair to the triangle top around 1.1400-1.1450, which might keep gains in check. After all,…
The US CPI report is at 8.30am US Eastern Time:On the speaking agenda after the data are:08:45am US ET (13456 GMT) Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the Main Line Chamber of Commerce Economic Forecast 2023 and Annual Meeting, in Malvern, Pa11:30am (1630 GMT) Federal Reserve Bank of St. Louis President James Bullard speaks and participates in moderated conversation on the U.S. Economy and Monetary Policy before virtual Wisconsin Bankers Association Midwest Economic Forecast Forum12:40pm (1740 GMT) Federal Reserve Bank of Richmond President Thomas Barkin speaks on the 2023 economic outlook before…
GBP/USD grinds near intraday high, snaps two-day losing streak. Bullish candlestick formation, sustained bounce off key moving average favor buyers. Sellers remain off the table unless witnessing fresh monthly low. GBP/USD justifies the previous day’s bullish candlestick formation above the 200-day Exponential Moving Average (EMA) as it prints the first daily gains in three. That said, the Cable pair portrays mild gains near 1.2165 heading into Thursday’s London open. That said, the quote bounced off the 200-day EMA on Wednesday and marked a Doji candlestick to signal a reversal of the previous downside. Adding strength to the upside bias was…
Missed the channel breakout on EUR/NZD? You might still have a chance at catching the reversal on this short-term pullback! EUR/NZD 4-hour Forex Chart by TradingView Brace yourselves, euro bulls! An uptrend could be in the works for EUR/NZD, as price just busted through the top of its descending channel on the 4-hour time frame. Before the pair heads any higher, though, a pullback might be needed to gather more bullish energy. The handy-dandy Fib tool shows that the 38.2% level is right around the 1.6850 minor psychological mark and area of interest. This is also near the dynamic support…
By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s current account surplus logged a surprising surge to mark a record for November, as weakness in the yen drove income gains from portfolio investment and direct investment overseas to their highest level for the month. The surplus came in at 1.8 trillion yen ($13.7 billion), more than three times the median forecast of economists in a Reuters poll, also helped by an easing in the trade deficit. “The impact of the weak yen boosting import bills has run its course, curbing trade deficits, while the currency’s weakness helped push up yen-denominated income gains,” said…
A spokesman for the National Development and Reform Commission of the People’s Republic of China (NDRC) – this is the ‘state planner’. China has full confidence that it can keep prices stable in 2023while international commodities may fluctuate and imported inflationary pressures remain, China’s foundation is solidThe statements are from a press conference held after the inflation data was published:ADVERTISEMENT – CONTINUE READING BELOW Source link
USD/CNH has picked strength amid a sheer contraction in China’s factory gate price index by 0.7%. The upbeat market mood is weighing on the US Treasury yields. A decline in energy prices may result in further softening in the US inflation. The USD/CNH pair has recovered after dropping to near 6.7550 in the Asian session. The asset has sensed demand and has extended recovery to near 6.7700 despite China’s National Bureau of Statistics (NBS) having reported mixed Consumer Price Index (CPI) data for December. The annual CPI figure has remained in line with the expectations at 1.8% and higher than…
ismagilov Chinese oat products maker YanGuFang International (YGF) has downsized a proposed US initial public offering by 37% to $19M. YanGuFang said in a filing that it is now considering offering 3.5M shares priced between $4 and $7, which would raise around $19M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol YGF. EF Hutton is serving as lead bookrunner. In a filing made in September, YanGuFang said that it was looking to offer 5M shares priced between $5 and $7, which would have raised $30M if priced at the midpoint. Based…