US Dollar Forecast: EUR/USD, GBP/USD and USD/JPY Price Action Setups
Next week US CPI headlines the schedule of high importance data. This forecast considers how major currency pairs shape up ahead of the US CPI release
Rates Tailwind Sets Sterling for Seventh Weekly Gain vs Euro
LONDON, Feb 9 Reuters The pound held steady against the dollar on Friday but closed in on a seventh straight week of gains versus the euro as investors grow more convinced by the Bank of England39;s determination to keep interest rates where they are for now. BoE policymaker Jonathan Haskel, who voted to raise interest rates […]
US Consumer Prices Revised Lower in Dec; but Raised in Nov
WASHINGTON, Feb 9 Reuters U.S. monthly consumer prices rose less than initially estimated in December, but underlying inflation remained a bit warm, a mixed picture that did not shift expectations on the timing of an anticipated interest rate cut from the Federal Reserve this year. The annual revisions published by the Labor Department on Friday […]
IMF Urges BOJ to End Bond Yield Control, Huge Asset Buying
Upside risks to inflation have materialised in past year IMF Japan should tighten fiscal policy, wind down monetary stimulus End to negative rates likely to be smooth IMF Gopinath BOJ should gradually raise shortterm rates IMF IMF criticises energy subsidies, planned income tax cut TOKYO, Feb 9 Reuters The Bank of Japan should consider ending […]
PepsiCo Signals Demand Hit from Price Hikes with Rare Sales Decline
Q4 revenue falls 0.5 to 27.85 bln Core EPS of 1.78 tops est. of 1.72 Sees 2024 organic growth of at least 4 vs 9.5 in 2023 Feb 9 Reuters PepsiCo on Friday reported a surprise drop in quarterly sales and forecast a sharp slowdown in organic revenue growth for 2024 as multiple price hikes weigh […]
Chinas Consumer Slump Claims another Victim as Shiseido Profit Slides
TOKYO, Feb 9 Reuters Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese cosmetics maker reported a 40 slide in annual earnings. China39;s weak consumer spending has also hit profits at L39;Oreal and Estee Lauder, which like Shisedo had for years […]
Japan Chipmaker Kioxia Reports 434 mln Q3 Loss
TOKYO, Feb 9 Reuters Bain Capitalbacked chipmaker Kioxia on Friday reported a narrower thirdquarter operating loss of 65 billion yen 434.70 million sequentially, saying selling prices for its memory chips have begun rising as customer inventories normalise. The loss compared with a 100.8 billion yen loss three months earlier, with Kioxia adding it expects improvement in […]
Young Indonesians Wary of Election Promises, Jobs Boom Eludes Them
JAKARTA, Feb 9 Reuters Adrian graduated from an Indonesian auto mechanic trade school last summer, but since then has only worked a few weeks in one job serving fruit juice at a kiosk in downtown Jakarta. The 19yearold, a first time voter in next week39;s Indonesian election, is seeking work with electric vehicle companies he knows […]
INR Weakens Slightly on USD Demand from StateRun Banks, Importers
MUMBAI, Feb 9 Reuters The Indian rupee weakened on Friday, pressured by dollar demand from staterun banks and importers, but traders expect the downside to be contained as sharp upticks on the dollarrupee pair are likely to attract offers. The rupee was at 82.9925 against the U.S. dollar as of 1030 a.m. IST, slightly lower […]
Gold Flat as Dollar Strength Counters SafeHaven Demand
SHFE closed from Feb. 916 for Lunar New Year holidays Israel attacks Rafah city after rejecting Hamas truce proposal Palladium will be the harder hit due to limited uses ANZ Gold loses 0.3 so far this week Feb 9 Reuters Gold prices were flat on Friday, with China markets closed for the Lunar New Year […]