The company is scheduled to report second quarter fiscal 2022 earnings results after the closing bell Thursday.
Archiv für den Monat: September 2022
Daily Markets: European Central Bank Rate Decision Drives Markets
Markets were lifted in part yesterday by the Fed’s latest Beige Book that found economic activity across the country was little changed since early July and even though prices remained highly elevated, nine Fed Districts reported some degree of moderation.
Fintech and the Future of Money
We are going to look at the current state of the U.S. monetary system and how the rise of Fintech could revolutionize not only the way we transact but even the way we think of money.
Coinbase bankrolls lawsuit against Treasury Department following Tornado Cash sanctions
Coinbase is bankrolling a lawsuit filed against the Treasury Department Thursday by six users of the recently sanctioned crypto service, Tornado Cash.
‘No reason to panic’: Commerzbank CEO says lenders are better prepared to deal with loan defaults
Fears of a recession have been exacerbated amid the possibility of a winter gas shortage in Europe.
Watch Fed Chair Jerome Powell speak live in a Q&A at the Cato Institute
Fed Chairman Jerome Powell speaks in a question-and-answer session with the Cato Institute, a Washington, D.C.-based think tank.
Watch Christine Lagarde speak after the ECB announces rate hike
European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision.
How to save 20% on airfare — if you don’t mind taking some risks
Airfare is often considerably cheaper with a layover. But more flight and baggage delays this year have meant those extra savings may not be worthwhile.
GameStop reports wider loss, announces partnership with crypto exchange FTX
GameStop said quarterly sales declined and losses widened, as its inventory of video game equipment and more swelled.
EUR/USD keeps just above parity with the ECB in focus
<p style=““ class=“text-align-justify“>The large option expiries at the parity level are arguably the key attraction for price action during the session and that seems to be holding the more or less narrow range for EUR/USD ahead of the ECB later today.</p><p style=““ class=“text-align-justify“>The ECB is in a rather unenviable spot as they are set to announce an aggressive 75 bps rate hike to try and put the inflation naysayers to bed. However, it comes at a cost of hurting an already spiralling economy – which looks set to enter a recession in the winter amid the impending energy crisis.</p><p style=““ class=“text-align-justify“>So, what are the key levels to watch ahead of the ECB decision?</p><p style=““ class=“text-align-justify“>In the event we do see any positive kneejerk reaction for the euro, the recent swing highs around 1.0075-90 will be ones to watch and I would expect sellers to lean on those levels to keep a lid on price action on the day.</p><p style=““ class=“text-align-justify“>As for downside risks, the 0.9900 handle remains the key one to watch on the daily chart.</p><p style=““ class=“text-align-justify“>I outlined some thoughts on the meeting <a target=“_blank“ href=“https://www.forexlive.com/news/welcome-to-ecb-day-20220908/“ target=“_blank“>here</a>. On the balance of things, I would expect the euro to remain pinned lower against the dollar and if we do see any form of bounce for whatever reason, that will make a good sell on the rally scenario.</p>
This article was written by Justin Low at forexlive.com.