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Prepare for equities and property pain
All of this is bad news for any growth or risky asset classes, including equities and property. Morgan Stanley’s strategists point out that the US e...
Gold price forecast: xau/usd holds steady above $1,900, us pce price index eyed for fresh impetus
Gold price fails to attract any buyers or build on the overnight bounce from a multi-month low. Hawkish major central banks continue to act as a headw...
Gold slightly higher; price pressure may persist
Gold prices edged up in early Asian trade, as the yellow metal remains in a rangebound trading pattern this week. Read Full Story at source (may requi...
Aud/usd remains on the defensive after chinese pmis, holds just above 0.6600 mark
The AUD/USD pair struggles to capitalize on the previous day’s modest gains and meets with some supply during the Asian session on Friday. Spot pric...
Japan finance minister suzuki says fx should move stably, reflect fundamentals
Japan finance minister Suzuki, with same-old comments. Some verbal intervention as the yen weakens.NOPE! Here we go, he's adding in something a little...
Gold eyes break below $1,900 support as fed fears mount
Investing.com– Gold prices moved little on Friday, and were nursing steep losses for June as strong U.S. economic data pushed up risk appetite and a...
Asia day ahead: economic resilience well-received in us; key inflation data looms
A significant upward revision in the final read for US first-quarter GDP data adds to the list of positive economic surprises in the US lately, with e...
China's finance ministry says profits at state-owned firms were +10.9% y/y in january- may
China's MoF trying pump out something positive after the sad looking manufacturing PMI?China June PMIs: Manufacturing 49.0 (expected 49.0) & Services ...
Usd/jpy taking a look above 145.00
USD/JPY is inching its way higher.Iits ticked above 145.00. The last time it was this high was November last year.Earlier:I know. I know.. I know. The...
China nbs manufacturing pmi signals continued contraction
China NBS Manufacturing and Non-Manufacturing PMI numbers for June raised more red flags. A slowdown in service sector activity will concern Beijing. ...
Dow jones newswires: china’s official manufacturing pmi improves in june, but still in contraction
China’s official manufacturing purchasing managers’ index rose to 49.0 in June from 48.8 in May, the National Bureau of Statistics said Friday. Re...
Nzd/usd price analysis: oversold rsi prods kiwi bears around mid-0.6000s ahead of china pmi
NZD/USD traders lick their wounds at the lowest levels in three weeks while making rounds to the 0.6050-60 area amid Friday’s mid-Asian session. In ...
Crypto traders brace for $7 billion bitcoin, ether options expiries
An unusually large expiration of bitcoin and ether options on Friday is likely to increase crypto volatility after bitcoin has spent a week hovering a...
Fidelity renews push for spot bitcoin etf listed on cboe
Fidelity’s Wise Origin Bitcoin Trust was previously rejected by the SEC, but a new filing from Cboe indicates Fidelity is making another attempt at ...
Eur/usd price analysis: euro again bounces off 50-ema as eu/us inflation figures loom
Weekly resistance line restricts immediate upside; 1.0800 appears a tough nut to crack for bears. Read Full Story at source (may require registration)...
Australian private sector credit growth in may +0.4% m/m (expected +0.4%)
Private sector credit data comes via the Reserve Bank of Australia. AUD/USD is a little lower in response to the data from China, not this data point....
China june pmis: manufacturing 49.0 (expected 49.0) & services 53.2 (expected 53.7)
China National Bureau of Statistics (NBS) June 2023 PMIsManufacturing 49.0expected 49, prior 48.8Services 53.2expected 53.7, prior 54.5Composite 52.3p...
Automotive cabin air quality sensors market set to worth us$ 1,492.3 million by the year 2033 end at a cagr of 12.3% | future market insights, inc.
The growing adoption of electric vehicles (EVs) and autonomous vehicles (AVs) is playing a pivotal role in driving the demand for cabin air quality se...
Usd/chf seesaws near 0.9000 ahead of swiss retail sales, fed’s favorite inflation clues
USD/CHF remains lackluster around the weekly top, recently making rounds to 0.8995-9000, as traders await the key Swiss and the US data amid early Fri...
Pboc sets usd/ cny mid-point today at 7.2258 (vs. estimate at 7.2525)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...
Usd/jpy holds steady near multi-month top as traders await us pce price index
The USD/JPY pair trades with a mild positive bias during the Asian session on Friday and is currently placed around the 144.80-144.85 region, or its h...
The ratings game: buy apple’s stock because it’s more than just a hardware play, citi says
Apple Inc.’s stock won a new fan on Wall Street late Thursday as Citi Research analyst Atif Malik initiated coverage of it with a buy rating. Read F...
Xrp bears eye sub-$0.45 on hawkish fed bets and sec v ripple news
It is a busy day for XRP and the broader market, with ETF news and US economic indicators in focus. However, downside risks linger on SEC v Ripple sil...
Black diamond therapeutics announces pricing of public offering of common stock
CAMBRIDGE, Mass and NEW YORK, June 29, 2023 (GLOBE NEWSWIRE) — Black Diamond Therapeutics, Inc. (Nasdaq: BDTX), a clinical-stage precision oncology ...
Bitcoin hovers over $30.3k despite renewed inflation worries
In comments Thursday at a Madrid event on financial stability, Fed Chair Jerome Powell said that “it will take time for the full effects of monetary...
Reserve bank of new zealand is ramping up its monitoring of stablecoins and cryptoassets
The RBNZ says there are significant risks and opportunities from stablecoins and other private money innovationsbut also significant uncertainties abo...
Overhead cables market is expected to be worth us$ 119.8 billion at cagr of 5.6% during forecast period 2023 to 2033 | analysis by future market insights, inc.
Over the assessment period, it is expected that the United States will experience a steady compound annual growth rate (CAGR) of 5.5%. Meanwhile, with...
Aud/usd price analysis: bulls stay in the game and eye higher before correction – fxstreet
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are...
Pboc is expected to set the usd/cny reference rate at 7.2525 – reuters estimate
People's Bank of China USD/CNY reference rate is due around 0115 GMT.The People's Bank of China (PBOC), China's central bank, is responsible for setti...
Btc bulls to retarget $31,500 on etf news and us inflation
After a bullish Thursday, BTC could be in for a choppy session as investors consider the chances of SEC approvals for the ETFs and US inflation in foc...
Dow jones newswires: new zealand’s central bank to boost monitoring of crypto assets
The Reserve Bank of New Zealand said Friday it is ramping up its monitoring of stablecoins and crypto assets in response to public concerns over their...
China financial media report property market support may be coming - but only incremental
China Securities Journal says that China may announce more property market support measures.But the measures might be incremental, incorporating such ...
Aud/usd stays defensive above 0.6600 as china pmi, fed’s favorite inflation loom
On Thursday, a surprise jump in Australia Retail Sales, to 0.7% MoM for May versus 0.1% expected and 0.0% prior, offered breathing space to the AUD/US...
Westpac reaffirms its forecst for a 25bp reserve bank of australia rate hike on july 4
more to comeWPAC are expecting a 0.25% increase in the RBA cash rate at the July 4 meeting, citing:Tight labour markets, limited progress on reducing ...
Eco data 6/30/23
The post Eco Data 6/30/23 appeared first on Action Forex......
