AUD/USD declines towards 0.6900 as Fed policymakers sound hawkish on rate guidance
Share: AUD/USD is eyeing more weakness to near 0.6900 amid hawkish Fed policymakers’ guidance. Fed Waller cited the battle to reach the 2% inflation target “might be a long fight”. The Australian Dollar will dance to the tunes of China’s inflation data. The AUD/USD pair has gauged an intermediate cushion around 0.6920 in […]
Opinion: Apple offers breadcrumbs for a forecast, but is that enough to reassure Wall Street?
Apple Inc.’s breadcrumbs lead back to a familiar place: The iPhone is all that matters. After posting its largest revenue decline in more than six years — led by underwhelming iPhone sales — in its fiscal first-quarter earnings report Thursday, Apple once again refused to provide a traditional forecast for the coming quarter or year. […]
Dollar at nine-month low after Fed guidance brings pivot into sight By Investing.com
© Reuters By Geoffrey Smith Investing.com — The dollar was at its lowest level in over nine months in early European trading on Thursday, after the Federal Reserve’s latest interest rate decisions and guidance brought the end of the current policy tightening cycle into view. Fed Chair Jerome Powell told his press conference that “the […]
FOMC, ECB, BoE to Hike Rates But Guidance Uncertain
It is a very busy week of central bank actions, data, and earnings. Commanding most of the attention, however, will be monetary policy decisions from the FOMC, ECB, and BoE. Rate hikes are universally expected, but that is where the similarities end. Differences in growth and inflation will lead to differing outcomes and guidance. The […]
Market Spotlight: Computacenter Shares Jump on Profit Guidance
Better 2022 Results Shares in UK listed Computacenter, Europe’s chief independent provider of IT infrastructure services, are up over 7% today. The move comes in response to updated from the company today with 2022 results now projected to be better than initially expected. Total revenues over last year were seen 30% above the company’s own […]
INTC down nearly 11% in premarket as poor guidance spreads worries
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 would be $3 billion below expectations. Well, that did not go as planned. Intel (INTC) launched the semiconductors […]
Steady Brent Looks to U.S. Data for Guidance
BRENT CRUDE OIL (LCOc1) TALKING POINTS Crude inventories weigh on Brent ahead of OPEC next week. Fading USD may find some relief today leaving Brent exposed. Hesitant price action on daily chart. Recommended by Warren Venketas Get Your Free Oil Forecast BRENT CRUDE OIL FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter […]
Market Spotlight: Easyjet Spikes Higher on Profit Guidance
Lower Pre-Tax LossesShares in Easyjet are trading around 10% higher from yesterday’s close after gapping higher at the open on a more upbeat update from the company. Easyjet forecasts its first annual profit in 2023 since the pandemic began on the back of record bookings. The spike in bookings has helped the company reduce its […]
Gold Elevated as Markets Continue to Dismiss Fed Guidance
GOLD OUTLOOK & ANALYSIS Markets overruling the Fed which may be a fatal blow for gold should the Fed follow through on their promises. Fed speakers to dominate headlines today Overbought price action possibly hinting at short-term bearishness? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold is continuing to press […]
XAU/USD Eyes U.S. Economic Data for Guidance
GOLD ANALYSIS & TALKING POINTS Gold in the green ahead of U.S. economic releases, USD on offer. Golden cross losing steam? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter […]