Author: FX
The S&P 500 has rebounded into positive territory, up 0.2% after opening lower. Tech is leading the way with the Nasdaq Composite up 0.3% while the Russell 2000 remains down 0.5%. Top performers include Expedia, Costco and Netflix.Laggards include American Airlines, Amazon and Walgreens.Nvidia initially opened lower but has helped to turn the market and is up 1.9% ahead of tomorrow’s earnings report.In general, there is a tight correlation between the Nasdaq and bitcoin but that’s broken down today. Bitcoin is near a session low and down 2.4% in a fade after last Wednesday’s break higher.Bitcoin dailyAt times, bitcoin has…
The Aluminium price recorded the strongest increase among the LME metals last week, rising by 7.5% compared to the previous week. It was not only the hope of rapid interest rate cuts in the US that provided a boost, Commerzbank’s commodity analyst Barbara Lambrecht notes. Aluminium prices are falling slightly again today “There were also concerns on the supply side after the futures price for alumina, the intermediate product between bauxite and refined Aluminium, rose significantly on the Shanghai Future Exchange due to a sharp decline in inventories registered on the SHFE. At the end of last year and then…
Nikkei 225 (N225) Elliott Wave technical analysis Function: Bullish Trend. Mode: Impulsive. Structure: Navy Blue Wave 1. Position: Gray Wave 3. Direction next lower degrees: Navy Blue Wave 2. Details: Gray wave 2 appears completed; now Navy Blue Wave 1 is active. Wave cancel invalid level: 30,380. The NIKKEI 225 is presently in a bullish trend according to the Elliott Wave analysis on the daily chart. The market is advancing in an impulsive mode, indicating a strong upward momentum. The main structure of interest is Navy Blue Wave 1, which marks the beginning of a larger upward movement. Within this structure, the market is currently in Gray Wave 3, suggesting that this phase of the trend…
Defense Metals (OTCQB:DFMTF) has announced the resignations of Craig Taylor as CEO and Director and Len Clough as Director, effective immediately, to pursue other interests. The company said that the search for a new CEO is underway. In the interim, Executive Chairman Guy de Selliers will lead the company, working closely with the board, President Luisa Moreno, and Lead Independent Director Dale Wallster. Furthermore, Alex Heath, Senior Vice President, Corporate Development, and Interim CFO, will play an important role in assisting the executive team and guiding the company through this transition. In connection with this transition, the company has agreed…
AUD/CAD looks ready to reverse its August trend! Will Australia’s monthly inflation report help turn the tides for Aussie and Loonie traders? Check out why AUD/CAD may warrant a second look ahead of Australia’s CPI report: This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
By Rae Wee SINGAPORE (Reuters) -The dollar and yen eased on Tuesday, paring some of their safe-haven gains from the start of the week in the wake of a major missile exchange between Israel and Hezbollah that stoked fears of a wider escalation. Imminent U.S. rate cuts also remained at the top of investors’ minds and further pressured the greenback, though currencies were mostly rangebound on the lack of major news in the Asian session. The yen was last 0.1% lower at 144.65 per dollar, having risen to a three-week high of 143.45 in the previous session on a flight…
I’ve got this simple GBP/AUD range setup on my radar ahead of Australia’s inflation report. Will we see a bounce or a break? Expectations are for a dip in price pressures for July, but can these be enough to affect the Reserve Bank of Australia’s policy stance? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Heads up, Aussie traders! We’ve got the Land Down Under’s latest inflation report comin’ right up and potentially setting the tone for RBA policy expectations ahead. What are number crunchers predicting for this event? This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
Russia is fighting back from the recent Ukraine offensive. Witnesses are reporting that the third round of explosions have been heard in the Ukraine capital of Kyiv.Earlier this reported that Russia launched drone attack on Kyiv. According to the Ukraine military, air defense systems were reportedly operating in the region to fight back against the offensive. This article was written by Greg Michalowski at www.forexlive.com. Source link
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1139, as against the previous day’s fix of 7.1139 and 7.1245 Reuters estimates. Source link