In this article MS James Gorman, chairman and chief executive officer of Morgan Stanley, speaks during a Bloomberg Television interview in Beijing, China, on Thursday, May 30, 2019. Giulia Marchi | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings:
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AUD/USD remains heavy during the week, extending its losses by almost 1.80%. Sentiment remains negative due to high US inflation reports, further cementing aggressive Fed tightening. AUD/USD Price Analysis: Tilted to the downside; unless buyers reclaim 0.6800, the further downside pressure remains. The AUD/USD trims two consecutive days of gains and slides during the North
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This snippet from JPM comes cia eFX. For bank trade ideas, check out eFX Plus . For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here . The USD/CAD rally stalls again at a key confluence of resistance near 1.30 We
The dollar is keeping in good stead after the hot US CPI data yesterday, with EUR/USD still flirting with parity and USD/JPY racing above 138.00 on the day. The latter sees buyers establish a firmer footing for a breakout towards 140.00, as Treasury yields also bounce back a little after the retreat yesterday. 10-year yields
NEW DELHI: Gold prices dropped on Thursday after red hot US inflation numbers spooked investors, stoking huge rate hike fears in the upcoming Fed policy meeting. The Federal Reserve is seen ramping up its battle with sky-high inflation with a supersized 100 basis points rate hike at its policy meeting on July 26-27. Gold futures
Yen’s selloff continues in Asian session today, on expectation of further divergence in BoJ’s policy with other major central banks. BoC’s mega 100bps hike overnight prompted talks that Fed could follow later in the month, given that headline consumer inflation is showing no sign of even plateauing. Dollar remains the strongest one for the week,
GBP/USD met with a fresh supply on Thursday and dropped back closer to the YTD low. Aggressive Fed rate hike bets, recession fears underpinned the USD and exerted pressure. Brexit woes continued acting as a headwind for sterling and contributed to the selling bias. The GBP/USD pair came under some renewed selling pressure on Thursday
Crypto lending platform Celsius confirmed on July 13 that it has initiated Chapter 11 bankruptcy proceedings in the Southern District Court of New York. The announcement was shared on the company’s Twitter and shared with account holders via email on July 13, with a vow to “emerge from Chapter 11 positioned for success in the
The AUDUSD has not been spared from the downside seen in the forex market today. Just prior to the CPI report, the pair moved up to test its 200 hour moving average (green line in the chart above). The subsequent tumble to the downside on dollar buying sent the price to a new session low
What a difference a month makes. In May, US CPI rose to 8.6% compared to 8.3% and 10-year Treasury yields surged to 3.50% from 3.02%. This time around CPI was at 9.1% compared to 8.8% expected. 10-year yields initially moved to 3.07% from 2.95% but have since reversed and are now below the pre-CPI level
Gold prices declined by Rs 85 to Rs 50,487 per 10 grams in the local market here on Wednesday, according to securities. In the previous trade, the precious metal closed at Rs 50,572 per 10 grams. Silver prices rose by Rs 161 to Rs 56,179 per kg from Rs 56,018 per kg in the previous
Dollar rises in early US session after data shows that headline consumer inflation accelerated once again in June, to the highest level since 1981. Yen is currently the worst performing one on rise in US and European benchmark yields. But there is prospect for recovery in Yen, except versus Dollar, if risk off sentiment intensifies.
In this article DAL An Airbus A330-323 aircraft, operated by Delta Air Lines. Benoit Tessier | Reuters Delta Air Lines on Wednesday reported a quarterly profit thanks to travelers willing to pay up to fly, more than making up for higher costs. The carrier also vowed to improve reliability after an increase in delays and
A risk-off impulse was no excuse for the AUD/USD to rise but remains negative in the week. US inflation above 9%, for the first time since 1981; Fed odds of a 100 bps hike lie at 84%. US 2s-10s yield curve inverted the most since 2001; is recession around the corner? The Australia business and
Image: https://unsplash.com/photos/bA5ZJ9JVrb8 Blockchain-based games using nonfungible tokens (NFT) and metaverse platforms have remained immensely popular throughout 2022. Although the crypto market has been bearish, users across those games have remained consistent with at least 1 million users per day, according to tracker DappRadar. A new report from Kraken Intelligence and CoinGecko’s May 2022 market report