Author: FX
Gold (XAU/USD), Silver (XAG/USD) AnalysisDollar Down, Gold upGold appears to be taking its cue from a marginally weaker dollar at the start of the holiday-shortened trading week. Last week, gold prices revealed a rather unconventional evening star pattern – a typically bearish formation which can occur at the top of an uptrend. It was unconventional in the sense that the middle ‘doji’ candle exhibited a large upper wick but the candle body still met the technical criteria.The dollar may simply be cooling off after a choppy end to the week, initially sinking post-FOMC then rising sharply in the days that…
4/4 © Reuters. FILE PHOTO: A Rite Aid sign is seen outside one of their stores in New York, April 11, 2013. REUTERS/Shannon Stapleton/File Photo 2/4 By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid (NYSE:) has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp (NYSE:), clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. “We have reached an agreement on all key points with all key economic stakeholders,” Rite Aid attorney Aparna Yenamandra said at a bankruptcy court hearing…
Euro (EUR/USD)Prices, Charts, and AnalysisEUR/USD seems on track for a second day of gainsECB officials have offered some dovish commentaryEUR approaches its medium-term uptrend lineLearn how to trade EUR/USD with our complimentary guide Recommended by David Cottle How to Trade EUR/USD The Euro posted further gains on Tuesday, rising on a little general US Dollar weakness and seeming to shrug off more shaky consumer confidence data out of Germany, the Eurozone’s powerhouse economy.The monthly survey from market research giant GfK showed the headline confidence index at minus 27.4. This was slightly better than both the -27.9 forecast and the previous…
Prior was +0.2% (revised to +0.3%)House prices +6.6% y/y vs +6.7% expectedThe FHFA house price numbers:January prices -0.1% vs +0.1% priorHome prices y/y +6.3% vs +6.6% prior (revised to +6.7%) This article was written by Adam Button at www.forexlive.com. Source link
The New Zealand Dollar rises on positive risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow growth. The New Zealand Dollar (NZD) is trading higher in its most traded pairs on Tuesday as markets adopt a positive risk tone, benefiting commodity currencies like the New Zealand Dollar over safe havens. European Stocks are mostly higher on hopes it will not be long before the European Central Bank (ECB) cuts interest rates, thereby cheapening credit. The German DAX, British FTSE 100, Italian…
GBP/USD News and AnalysisBank of England’s Mann concerned by optimistic rate cut estimatesPost-FOMC rebound on the cards for GBP/USD?IG client sentiment mixed despite majority net-long positioningBank of England’s Mann Concerned by Optimistic Rate Cut EstimatesOne of the staunch ‘hawks’ within the Bank of England’s Monetary Policy Committee (MPC) is Catherine Mann and she has recently clarified why she no longer voted in favour of a hike. Mann is of the opinion that market expectations around rate cuts is too high, something that appears to be supporting the local currency.She has expressed that wage dynamics in the UK are stronger than…
Scott Olson/Getty Images News Shares of Trump Media & Technology (NASDAQ:DJT) jumped about 20% premarket on Tuesday on its Nasdaq debut. On Monday, SPAC Digital World Acquisition and former President Donald Trump’s media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders. Trump Media will continue to be led by CEO Devin Nunes, and its current management team. Year-to-date, Digital World’s stock has soared nearly 185% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for…
© Reuters. BELLEVUE, Wash. – Terreno Realty Corporation (NYSE:), a company specializing in the acquisition, ownership, and operation of industrial real estate in key coastal U.S. markets, has upsized its public offering to 5,500,000 shares of common stock, priced at $62.00 each. The offering, which was initially set at 5,000,000 shares, is expected to close on March 27, 2024, subject to customary closing conditions. The underwriters for this offering have been provided with a 30-day option to purchase up to an additional 825,000 shares. Goldman Sachs & Co (NYSE:). LLC and KeyBanc Capital Markets Inc. are the underwriters managing the…
EUR/USD is swinging higher ahead of the anticipated U.S. core PCE price index report! If you’ve read last week’s Weekly Recap, then you’ll know that the Fed is sounding relatively less dovish if you compare it to counterparts like the SNB, BOE, and even the ECB. USD dominated most of its counterparts last week but it looks like currencies like EUR are finding some support as the dollar sees some profit-taking. How high can EUR/USD fly before the bears step back in? This Article Is For Premium Members Only Become a Premium member for full website access,…
Gold techical analysis: Insights from the 4-hour gold futures chartGold simple technical analysis on the 4h chartGold traders and investors, take note of the current landscape presented in the latest 4-hour chart. A key observation is the price action hovering near the 20 Exponential Moving Average (EMA), which is currently at $2,173.8. This level is crucial as it can act as a short-term trend indicator.Critical price levels evels to watch for gold futures:Resistance at the 20 EMA: Watch for two consecutive 4-hour candle closures above this level. A sustained move above could signal that bulls are taking charge, increasing the…