Archiv für den Monat: Februar 2024
香港交易所歡迎政府委任董事會成員
香港交易所歡迎政府委任董事會成員
How to avoid the top scam of 2023: The internet has ‚really supercharged‘ it, expert says
Imposter scams were the most prevalent consumer fraud last year, the Federal Trade Commission said. Criminals dupe victims by posing as a trustworthy source.
Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal
The Office of the Comptroller of the Currency terminated a consent order that forced Wells Fargo to revamp how it sells its retail products and services.
Insurance giant Swiss Re posts 580% jump in full-year profit, warns consumers about climate costs
Swiss Re CEO Christian Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.
Coinbase shares surge in premarket trade after posting first quarterly profit in two years
Shares of cryptocurrency exchange Coinbase soared Friday in U.S. premarket trading after the company reported its first profit in two years.
Trade Desk shares soar on revenue beat and strong guidance
Shares of The Trade Desk jumped over 18% on strong first-quarter guidance and a sales beat.
Toast will lay off 10% of its workforce, about 550 employees, as growth slows
Toast said it would lay off 550 employees, resulting in $45 million to $55 million charges, mostly in the first quarter.
DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
DraftKings missed Wall Street’s expectations on Thursday after the bell but increased its year-over-year revenue by 44%.
Dollar holds steady so far, more US data to follow later
It’s been a fairly quiet session so far, underscored by some mixed signals in broader markets after yesterday’s action. The dollar is keeping steadier on the day, finding little conviction in European trading. That is somewhat understandable as we await more US data to come later today.
USD/JPY is up slightly by 0.2% with 10-year yields also slightly higher by 2 bps to 4.26%. That’s not much but at least the pair is holding back above 150.00 for now.
Meanwhile, other dollar pairs are even more lethargic today. EUR/USD is flattish around 1.0774 with large option expiries keeping price action in check. GBP/USD is also lightly changed after the UK retail sales report, holding just below 1.2600. Elsewhere, commodity currencies are also muted after the back and forth action against the dollar this week.
US futures are slightly higher but that’s not really translating to anything in FX at the moment. I mean, stocks are in a world of their own so that isn’t the most surprising thing.
It looks like we’re gearing towards the next set of US data to decide what comes next before the weekend. Coming up later, we’ll be getting US producer prices and the University of Michigan consumer sentiment and inflation expectations. Those might offer something for traders to work with as we look to wrap up the week.
This article was written by Justin Low at www.forexlive.com.