Amazon
After cutting costs Amazon Raised again while falling in Wall Mart, The company anticipates net sales between $121B and $126B for the first quarter of 2023 against a $125.13B Street consensus. Operating income is expected to be between $0 and $4B as compared to $3.7B in the first quarter of 2022. Management added that no restructuring is factored into the guidance.
And even while Amazon’s holiday revenue beat Wall Street’s expectations, the company expects sales growth in its long lucrative cloud to slow for the next few quarters, its chief financial officer told reporters.
Shares fell 2% in after-hours trade after they had gained 7% before the market’s close Thursday.
Facing high inflation and an uncertain economy, Amazon has aimed to slash costs across its vast array of businesses.
03-02-2023
Amazon “AMZN”
Chart by: Tradingview
USD Index
NFP Day’s Waiting for more signs regarding the Labor market in the united states Forecasting Led us to shrink in the Labor Market, The previous reading record was 223K in the last month of 2022 and forecasting in January properly comes with more loss in this market with 38K.
The US Dollar outperformed its major peers on Thursday, with the DXY Index gaining 0.56%. That was the best single-day performance in almost one month. It also marked a significant reversal from yesterday’s price action. On Wednesday, markets continued betting against the Federal Reserve despite Chair Jerome Powell showing few signs of wanting to cut rates this year.
03-02-2023
USD Index
Chart by: Tradingview
USD_JPY
The US dollar is falling against the Japanese yen And forecasts come from Tightening the monetary policy With The new BOJ Governer, Reuters, Economists say BOJ’s Amamiya is the top governor candidate, Flash PMI readings from Japan for January, Manufacturing 48.9, 3rd month of contraction in a row.
Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya, a close aide of incumbent chief Haruhiko Kuroda, is most likely to succeed him this spring, according to two-thirds of economists in a Reuters poll.
Investors have closely followed the race for the position of next BOJ governor, looking for clues of possible policy shifts after the retirement of Kuroda, who has overseen massive monetary stimulus with unorthodox methods since 2013.
03-02-2023
USD_JPY
Chart by: Tradingview
Gold (XAU_USD)
Still waiting for more Raising, Goldman Sachs expects 50 Basis point rate hikes in the next upcoming meetings before Fixing the interest rate till the end of the year.
That pushed the Gold and other assets Vs the US dollar To fall yesterday, at the same time Fed meeting and FOMC statement didn’t mention any decrease in the Rates in the coming months.
Front-month Comex gold for February delivery fell for the fifth time in six sessions, settling -0.6% at $1,916.30/oz after hitting an intraday high of $1,959.52/oz earlier, while spot gold (XAUUSD) closed -1.9% to $1,913.09, after reaching its best level April 2022 earlier in the day.
03-02-2023
Gold (XAU_USD)
Chart by: Tradingview
Twitter Version
Amazon
After cutting costs Amazon Raised again while falling in Wall Mart, The company anticipates net sales between $121B and $126B for the first quarter of 2023 against a $125.13B Street consensus.
USD Index
NFP Day’s Waiting for more signs regarding the Labor market in the united states Forecasting Led us to shrink in the Labor Market.
USD_JPY
The US dollar is falling against the Japanese yen And forecasts come from Tightening the monetary policy With The new BOJ governor.
Gold
Still waiting for more Raising, Goldman Sachs expects 50 Basis point rate hikes in the next upcoming meetings before Fixing the interest rate till the end of the year.
