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In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s
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Japanese Finance Minister Shunichi Suzuki offered some verbal intervention on Friday. Suzuki said that a weak Japanese Yen (JPY) could push up import prices and have a negative impact on consumers and firms. Suzuki added that he will closely watch foreign exchange (FX) moves with a high sense of urgency.  Key quotes “Weak yen has
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Spot gold slid on Wednesday across the board hotter than expected US CPI inflation report that showed that both headline and core CPI climbed more than forecast. Spot gold closed with a loss of 0.80% at $2334. The Core CPI rose 0.40% for the third straight month Vs the forecast of 0.30%. The headline CPI
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Euro weakens broadly following ECB’s decision to maintain interest rates unchanged, coupled with explicit suggestions of a potential rate cut ahead. However, selloff has been relatively mild, primarily because ECB’s statement didn’t serve as a definitive pre-announcement of rate cuts, unlike its 2022 guidance on rate hike. Moreover, the conditional guidance regarding future rate adjustments
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The US Dollar trades in the green across the board on Thursday’s European session.  Traders brace for further US data and ECB monetary policy decision as well.  The US Dollar Index consolidates above 105.00 and could set sail for 106.00. The US Dollar (USD) adds to gains on Thursday after having a field day on Wednesday,
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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
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