Author: FX
AUD/USD has traded in the 0.6500 range through March – with a short rise above 0.6600. Economists at the National Australia Bank analyze the pair’s outlook. Aussie still expected to appreciate Our expectation for an appreciation above 0.7000 in H2 2024 is contingent on the reversal of the broad strength shown by the USD over the past year or so. In part, this will be reflected by the Fed beginning to ease rates in June – well ahead of an easing by the RBA and a gradual pickup in global growth in 2025. We see the Aussie ending the year around…
Norges Bank maintained the policy rate as expected but we got a slightly hawkish surprise. Economists at ING analyze Norwegian Krone’s (NOK) outlook after the central bank decision. Norges Bank’s cautious tone on policy and focus on the domestic currency performance offer a good basis Norges Bank remained generally hawkish as it kept rate projections unchanged and signalled rate cuts should only start in the autumn, and will be gradual. We have continued to hear Governor Ida Wolder Bache sounding rather concerned about the weak NOK-higher inflation risks if rates are cut too soon. Indeed, the soft performance of Krone…
EUR/USD pierces below the key 200-day SMA on Friday after Bundesbank’s Nagel raises prospect of an early interest-rate cut. The pair comes off its lows in the last hour, however, supported by positive German IFO Business Sentiment data. EUR/USD is poised to extend breaks below key support levels as key central bank figures line up to speak. EUR/USD is trading down almost half a percent on Friday, in the lower 1.0800s, below the 200-day Simple Moving Average (SMA), after comments from the President of the Bundesbank Joachim Nagel, suggested the European Central Bank (ECB) could be in a position to cut rates before the…
Brent Crude Oil News and AnalysisOver 150 missiles and drones fired in latest attack on UkraineOil prices ease into the weekend despite attacks on energy infrastructureIG client sentiment focuses on recent changes in positioning to arrive at bearish biasThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade Oil Over 150 Missiles and Drones Fired in Latest AttackOver the past 24 hours, the escalating conflict between Russia and Ukraine has taken a significant toll on energy infrastructure in both…
BTCS press release (NASDAQ:BTCS): FY GAAP EPS of $0.55 beats by $0.85. Revenue of $1.3M (-20% Y/Y) misses by $0.5M. 2023 Cash & Crypto Value: $26.7 million as of December 31, 2023, marking a 82% Y/Y increase. Current Cash & Crypto Value: $36.5 million or approximately $2.33 as of March 19, 2024. The ongoing rally in crypto prices through early 2024 has further elevated the value of our crypto assets. Source link
Most of us perceive that keeping a cool head in the midst of a large drawdown is the key to becoming consistently profitable. Keeping track of your forex trading performance and emotions when you’re winning is just as important. You wouldn’t want to lose your mojo while you’re on a winning streak, would you? If you answered “NO,” then you better watch for signs of being overconfident. See, there’s nothing like a string of winners to make a trader feel like he or she can’t make mistakes. Overconfidence is usually characterized by an exaggerated belief in one’s own trading skills. Now, don’t get me…
© Reuters. SAN DIEGO – Belite Bio, Inc (NASDAQ: BLTE), a biopharmaceutical company, has recently completed the enrollment for a pivotal global Phase 3 trial of its drug Tinlarebant, targeted at treating Stargardt Disease (STGD1), a genetic eye disorder. The trial, known as DRAGON, includes 104 adolescent subjects across 11 countries, with interim results expected in the fourth quarter of 2024. The company also announced its submission to the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan to initiate a clinical trial named DRAGON II. This trial will assess the drug’s pharmacokinetics and pharmacodynamics in Japanese adolescent subjects with STGD1…
GBPUSD on the 4 hourly chart looking bearishThe GBP/USD currency pair, often dubbed the “Cable”, has shown some dramatic moves on the chart lately. Here’s a breakdown of the latest price action and what traders are talking about:Trending Downward: The chart showcases a notable drop in the value of the British Pound against the U.S. Dollar. This move signifies a bearish momentum in the near term. ?Technical Indicators Signal “Sell”: The technical analysis widgets on the screen are leaning towards a strong sell, suggesting that the downward trend may continue. ?Resistance Turned Support Breached: The chart indicates a previous resistance…
US Dollar Index Price and AnalysisUS The dollar index prints a fresh one-month high.Sterling continues to re-price lower after Thursday’s dovish BoE meeting.For all major central bank meeting dates, see the DailyFX Central Bank Calendar Recommended by Nick Cawley Traits of Successful Traders The Bank of England looks set to join the Federal Reserve and the European Central Bank in lowering borrowing costs in June with a global rate-cutting cycle looking set to dominate financial markets over the coming months. The Swiss National Bank jumped the gun yesterday, unexpectedly cutting its borrowing rate by 25 basis points to 1.5%. The…
Australian Dollar extends losses amid an improved US Dollar on Friday. The decline in the ASX 200 could have undermined the Australian Dollar. S&P Global Manufacturing PMI rose to 52.5 against the expected 51.7 and 52.2 prior. The Australian Dollar (AUD) depreciates for the second consecutive session on Friday, as the US Dollar (USD) strengthened following mixed S&P preliminary Purchasing Managers Index (PMI) data and robust weekly Jobless Claims from the United States (US). The Australian Dollar receives downward pressure from the decline in the ASX 200 Index. The Australian equity market experienced losses, particularly in energy and consumer stocks,…