by admin | Jan 28, 2023 | Forex
China is certainly seen as the manufacturing hub of the world but there’s one area of global production that’s largely untouched and it’s the biggest one: Automotive.There aren’t many countries where you would see an Chinese built or designed...
by admin | Jan 28, 2023 | Forex
Intel stock has lost nearly 11% in the premarket INTC dropped on account of Thursday’s evening’s quarterly release. Intel missed earnings expectations by half and revenue consensus by $500 million. CEO Pat Gelsinger said current quarter’s revenue...
by admin | Jan 28, 2023 | Forex
The US dollar has turned higher and equities are back in negative territory. It’s been a choppy session and I don’t rule out some dollar demand ahead of the London fix for the latest price action.EUR 15 minsI continue to worry we will see angst ahead of...
by admin | Jan 28, 2023 | Forex
Next Thursday, the Bank of England will announce its decision on monetary policy. Analysts at Danske Bank expected the central bank to hike the Bank Rate by 50 basis points. They see the cycle ending in March with a 25 bps hike. They argue that next week the dovish...
by admin | Jan 28, 2023 | Forex
The Canadian government is out with its latest budget numbers and they’re stark, thanks to much lower spending and a boost from resource revenues. The April-November budget deficit is C$3.55 billion compared to C$73.7 billion a year ago.To be clear, a decade ago...
by admin | Jan 28, 2023 | Forex
GBP/USD is set to finish Friday with losses of at least 0.20%. United States inflation continues to wane but remains twice elevated of Fed’s target. GBP/USD Price Analysis: To remain sideways ahead of the Fed and BoE monetary policy decisions. GBP/USD snaps two days...
