The markets are quiet today with a light economic calendar and slow news flows. European majors are generally higher, in particular with Sterling and Euro paring some earlier losses. Commodity currencies turned softer, but Yen is the weaker one. Dollar is mixed in between. Trading could remain subdued till Friday when UK GDP and Canadian
In this article YUM Follow your favorite stocksCREATE FREE ACCOUNT A pedestrian walks past the American chain of fast-food restaurants Taco Bell in Spain. Xavi Lopez | Lightrocket | Getty Images Yum Brands on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong same-store sales growth at Taco Bell. Overall, the restaurant giant
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
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The initial reaction was to the downside at the start/beginning of the Chair Powell Q&A. Then the dollars started to revert back higher after Powell said they may have take the terminal rate higher. Stocks reversed. US yields moved back higher. The dollar moved higher as well EURUSD: The rise in the EURUSD moved back
The National Institute for Economic and Social Research (NIESR) in the UK with a worsening outlook: UK GDP +0.2% in 2023, +1.0% in 2024 (its November forecasts: 2023 +0.7%, 2024 +1.7%) UK CPI averaging 8.3% in 2023, 4.2% in 2024 (November forecasts: 2023 8.0%, 2024 3.9%) Reuters add that: NIESR Director Jagjit Chadha said the
Oil prices rose for a second-straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures were up 98 cents, or 1.2%, to $81.97 a barrel by 10:50 a.m. EST (1551 GMT), while
While Dollar is now the strongest one for the week, buying remains not too committed, except versus the weak Pound. The greenback is indeed mixed, awaiting more guidance from Fed Chair Jerome Powell’s speech. Yen is currently the strongest one for today,. Australian Dollar is trailing as the impact of RBA’s hawkish hike is fading
In this article CMG Follow your favorite stocksCREATE FREE ACCOUNT A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue as it said customers pulled back on their restaurant spending. “As we got around the
Share: GBP/USD retreats from intraday high but stays mildly bid around 1.2050 during Wednesday’s mid-Asian session. In doing so, the Cable pair portrays the sluggish markets while taking clues from the options market and the British fundamentals to probe bulls by cautiously defending the bounce off a one-month low. That said, one-month GBP/USD risk reversal
Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or “New Hut”. In a Feb. 7 announcement, Hut 8 said the boards of directors of the two firms had unanimously approved a definitive business combination agreement aimed at combining the mining firms in what
The Reserve Bank of Australia will announce their February decision at 10:30 PM ET with the expectations of a 25 basis point hike. That would take the cash rate to 3.35% from 3.10%. Recall that the fourth quarter CPI data came in much stronger than expected at 1.9% a few weeks back. That should keep
Headlines: Markets: AUD leads, EUR and GBP lag on the day European equities slightly higher; S&P 500 futures up 0.1% US 10-year yields flat at 3.632% Gold up 0.2% to $1,871.78 WTI crude up 1.6% to $75.27 Bitcoin up 0.3% to $22,984 It was a bit of a slower session as markets are feeling more
Gold prices rose by Rs 128 to Rs 57,275 per 10 grams in the national capital on Tuesday amid firm global trends, according to Securities. In the previous trade, the yellow metal had ended at Rs 57,147 per 10 grams. Silver, however, declined by Rs 38 to Rs 67,975 per kg. “Spot gold prices in
Australian Dollar recovered broadly today following hawkish RBA rate hike, which signals more tightening ahead. The rebound in Aussie also takes New Zealand Dollar higher. On the other hand, Dollar is once again consolidating overnight gains. The rally in the greenback is not too committed this week so far. But Fed Chair Jerome Powell’s speech
In this article BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Oil major BP on Tuesday reported record annual profits, more than doubling last year’s total as fossil fuel prices soared following Russia’s full-scale invasion of Ukraine. The British energy giant posted underlying replacement cost profit, used as a proxy for net profit, of $27.7 billion