Forexlive Americas FX news wrap: US jobs report was a “WOW” number
The US jobs report was – as Fed’s Daly put it – a “wow” number. The Non Farm Payroll increased by a whopping 517K. The prior two months were revised higher by 71K. The combined total of 587K far outpaced the expectations of 185K. Wow is right. The unemployment rate moved down to 3.4% (expected […]
Qualcomm Strengthens Ahead of Earnings Report
Qualcomm, D1 Qualcomm is scheduled to release its latest quarterly earnings report on Thursday, February 02, 2023 after the market close. Zacks Consensus Estimate for revenue was pegged at $9,700 million, representing a 9.3% decrease from the year-ago quarter’s reported figure. Adjusted earnings per share were pegged at $2.35, indicating a contraction from the $3.23 […]
USD/JPY refreshes daily low on weaker US ADP report, focus remains on FOMC
USD/JPY turns lower for the second straight day and is pressured by a combination of factors. Bets for smaller Fed rate hikes, sliding US bond yields, weaker US ADP report weigh on the USD. The cautious market mood benefits the safe-haven JPY and contributes to the modest downall. The downside seems cushioned as the focus […]
PCE report highlights Friday’s US economic calendar
Core PCE data y/y Inflation and the consumer are the focus of the Fed and the market at the moment and we get a dose of both in Friday’s US PCE report for December. The consensus is for core PCE inflation to slide to 4.4% y/y from 4.7% in what will be a good sign […]
EUR/USD Steady Near its Multi-Month High, German Ifo Report Cheers
EUR/USD Price, Chart, and Analysis German Ifo data suggest that the economic outlook is improving The ECB – market impasse over interest rates continues. Recommended by Nick Cawley Download our new Q1 Forecast Most Read: EURUSD Latest – The Bullish Trend Remains in Place as the ECB Talks Tough The German economy is starting the […]
BoC decides on interest rates, focus on US GDP Q4 2022 report
The Bank of Canada (BoC) interest rate decision will be in the spotlight later today, while investors and traders are eager to review the US Q4 2022 GDP preliminary report due to be published tomorrow. The Australian Bureau of Statistics (ABS) announced that CPI inflation hit a 32-year record high in the fourth quarter of […]
Binance Stored Users’ Fund with B-Tokens Collateral by ‘Mistake’: Report
Binance, the world’s biggest cryptocurrency exchange by trading volume, admitted to storing by “mistake” customers’ funds and the collateral of some of the tokens it issues. According to Bloomberg, Binance issues 94 Binance-peg tokens, also called ‘B-Tokens’. However, almost half of the reserves of these tokens are kept together with customers’ funds in a cold […]
Focus on Australian CPI, Microsoft earnings report and ChatGPT
Asia-Pacific markets traded higher on Tuesday morning, with the Nikkei 225 rising 1.46% while the Japanese Yen gained 0.42% against the US dollar. Markets in China, Hong Kong, Taiwan, South Korea, Malaysia and Singapore are closed due to the Lunar New Year holiday. The euro hovered near a 9-month high against the US dollar, drawing […]
Johnson & Johnson Underperforms Ahead of Q4-22 Earnings Report
#Johnson&Johnson, Daily Johnson & Johnson is a stock that naturally attracts a lot of investor interest because it is a component of the S&P 500 and one of the 30 stocks that make up the Dow Jones Industrial Index. J&J’s rebound from 159.11 erased some of the losses started in April 2022, but the rebound stalled […]
Crude Oil Prices Spooked by US Data, IEA Report as WTI Turns to EIA Inventories
Crude Oil, WTI, IEA Report, US Retail Sales, EIA Inventories – Talking Points: Crude oil sinks the most in 2 weeks as soft US data scares traders Meanwhile, an IEA report underscored 2023 global supply glut bets Focus shifts to EIA weekly stockpiles as WTI faces triangle pattern Recommended by Daniel Dubrovsky Get Your Free […]