FX

Share: Economist at UOB Group Loke Siew Ting reviews the latest BSP monetary policy meeting. Key Takeaways “Bangko Sentral ng Pilipinas (BSP) raised its overnight reverse repurchase (RRP) rate by 50bps to 6.00%, marking the eighth straight meeting of increases since May last year. It wasn’t a surprised move as we have highlighted in our

Share: GBP/USD takes offers to refresh multi-day low, drops for the third consecutive day. Clear downside break of six-week-old trend line, bearish MACD signals favor sellers. Nearly oversold RSI (14) suggests limited room towards the south. 50-SMA holds the key to buyer’s conviction, 1.2000 threshold guards immediate upside. GBP/USD stands on slippery grounds as it

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Share: Airbnb beat Wall Street expectations on Q4 earnings. ABNB stock jumped more than 10% to close gap from May 2022. There is very little resistance between here and $160. Airbnb management raised guidance for Q1. Airbnb (ABNB) stock managed to close the gap created on May 9, 2022, after the short-term rental platform disclosed a wide earnings

Share: Gold price picks up bids to extend the bounce off six-week low. XAU/USD grinds higher as hawkish Fed bets fail to gain acceptance amid softer US inflation. Multiple hurdles stand tall to challenge XAU/USD run-up, bears need validation from $1,850. Second-tier US data, central bank comments eyed for more directions. Gold price (XAU/USD) renews

Share: Gold price has rallied on the back of US CPI. Federal Reserve expectations are little changed, fuelling the bid in the Gold price. The Gold price is choppy as the markets digest the comprehensive inflation data that has been released from the United States of America. US Consumer Price Index has come out in

Share: USD/JPY bounces off intraday low, keeps extends pullback from five-week high. RSI’s retreat from overbought conditions joins double top bearish formation to favor sellers. 200-HMA, triangle’s support line probe bears even as MACD signals hint at further downside. USD/JPY prints mild losses around the intraday low of 131.90 as the Japanese government officially nominates

Share: Impinj, Inc (PI) a Seattle-based provider of RFID solutions, offers products for various industries such as retail, healthcare, and food and beverage. The company’s product line includes reader chips, tag chips, fixed readers, and antennas. The company offers passive UHF RFID chips, RFID readers, reader chips, antennas and software applications for RFID systems. PI

Share: GBP/JPY pares the previous day’s losses inside fortnight-long symmetrical triangle. Steady RSI backs recent recovery, 200-SMA challenges immediate upside. Multiple supports to test bears on their return. GBP/JPY picks up bids to 158.70 as it grinds inside a two-wee-old triangle formation during Monday’s Asian session. The cross-currency pair prints mild gains after a consecutive

Share: Kohl’s stock trades on NYSE under ticker KSS and has been public since 1992, showing growth and fluctuations. Kohl’s Corporation operates over 1,100 US department stores and is based in Wisconsin. The company was founded in 1962 and faces growing competition from online retailers. It’s adapting to the changing retail landscape by expanding online

Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following Thursday’s price action, which formed a hammer, that exacerbated the USD/CHF recovery, to

Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside the Aussie employment situation. Next week’s US inflation and retail sales would dictate the faith of the US Dollar. The Australian Dollar (AUD) is set to finish

Share: GBP/USD briefly dropped below the 1.20 level earlier this week. Economists at Rabobank expect the pair to see further dips below 1.20 in the coming months. EUR/GBP seen at 0.90 around the middle of the year  “We expect to see further dips below GBP/USD 1.20 in the coming months.” “While EUR/GBP has dropped back

Share: C3.ai stock lost 14% on Thursday. C3.ai still remains a major focus of AI investors. ChatGPT has brought renewed attention to artificial intelligence. C3.ai stock remains up more than 100% YTD. C3.ai (AI) stock is giving up more ground in Friday’s premarket, but do not blink too long. C3.ai is one of few pure plays

Share: AUD/USD holds onto the previous day’s bearish technical confirmation as China data favored bears. China CPI, PPI both disappoint with softer numbers for January. Downside break of weekly ascending trend channel, U-turn from 200-HMA favor sellers. 50-HMA joins channel’s support line to challenge immediate recovery near 0.6960. AUD/USD retreats from intraday high surrounding 0.6950

Share: Dollar Tree is an American chain of discount variety stores, selling merchandise for $1 or less. It was founded in 1986 and is headquartered in Chesapeake, Virginia. Dollar Tree operates over 15,000 stores in 48 U.S. states and 5 Canadian provinces. It sells a wide range of products including household items, food and snacks,

Share: Jamie Dimon, Chief Executive Officer (CEO) of JPMorgan Chase & Co., cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky,” reported Reuters. That said, Reuters interviews JP Morgan’s Dimon and published his outlook on multiple issues ranging

Share: GBP/USD Forecast: Pound Sterling to face strong resistance at 1.2140 GBP/USD has gathered recovery momentum and advanced toward 1.2100 after having dropped below 1.2000 for the first time in a month on Tuesday. Market participants will keep a close eye on risk perception and Fedspeak in the absence of high-impact macroeconomic data releases. The