Author: FX

© Reuters. On Thursday, Deutsche Bank adjusted its stance on Pernod Ricard (EPA:) SA (RI:FP) (OTC: PDRDY), upgrading the stock from Sell to Hold and increasing the price target to €140.00 from the previous €135.00. This decision comes after a period of notable underperformance by the spirits company, with its shares dropping 24% since the initial downgrade on January 12, 2023. This decline has resulted in the stock underperforming the broader European market indexes, with a 21% lag behind the Stoxx 600 Food & Beverage index (SX3P) and a 47% fall compared to the index (SXXP). The analyst from Deutsche…

Gold (XAU/USD) Analysis Recommended by Richard Snow How to Trade Gold The Fed Gave Gold the Green Light after Reaffirming Rate Cut ViewThe Federal Reserve announced their latest monetary policy statement yesterday alongside the summary of economic projections. The immediate takeaways from the announcement include the Fed sticking with the original, three interest rate cuts this year alongside upward revisions to both inflation and growth.Fed Summary of Economic Projections, March 2024Source: Federal Reserve, Summary of Economic Projections March 2024Questions have been raised over just how tight economic conditions are in the US given the resilience of both the jobs market…

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 invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

FX option expiries for Mar 21 NY cut at 10:00 Eastern Time, via DTCC, can be found below – EUR/USD: EUR amounts 1.0900 2.7b 1.0990 1.9b – USD/JPY: USD amounts 150.00 573m – AUD/USD: AUD amounts 0.6500 1b . Source link

CHF/JPY is almost at its 2024 highs! Will the bears step in once again? Or can CHF bulls extend the pair’s upswing and bring it to new 2024 highs? If you missed the AUD/CAD, NZD/JPY, and NZD/USD trade opportunities from earlier this week, then you should check out the 4-hour setup that we’re looking at today! CHF/JPY 4-hour Forex Chart by TradingView CHF/JPY is hanging out at the 170.25 area, which is just above the R2 (169.90) Pivot Point line and the 170.00 psychological level for the pair. How high can CHF/JPY fly before the bears step in? Earlier today,…

With the BOE decision coming up in a few, I’m looking at a potential breakout on this pound pair. Which way do you think it might go? And can momentum can keep going in its favor? Here’s what I’m watching out for when it comes to the catalysts lined up for GBP in the next sessions. 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

© Reuters. Taiwan’s President Tsai Ing-wen speaks during the Yushan Forum in Taipei, Taiwan October 11, 2023. REUTERS/Annabelle Chih TAIPEI (Reuters) – Taiwan’s top security official said on Thursday he does not currently recommend President Tsai Ing-wen visit the South China Sea given the possible risk to her flight from “interference by relevant countries”. Both Taiwan and China claim most of the South China Sea as their own territory, but Taiwan only controls one main islet in the contested Spratly Islands deep in the southern part of the sea called Itu Aba, which Taiwan refers to as Taiping island. Some…

The composite of the two comes in at 52.3prior 50.6Solid results for these latest PMIs for services and composite. the niggle of course is that manufacturing remains in contraction. This article was written by Eamonn Sheridan at www.forexlive.com. Source link

FORECAST – GOLD, EUR/USD, NASDAQ 100The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this yearThe dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices and the Nasdaq 100This article examines the technical outlook for XAU/USD, EUR/USD and the NDXMost Read: Fed Holds Rates Steady, 2024 Policy Outlook Unchanged – What Now?U.S. stocks and gold prices rallied while the U.S. dollar skidded lower on Wednesday after the Federal Reserve stuck to the script and largely maintained the same policy outlook embraced three months ago in the previous Summary of…

AUD up 0.83% vs. USD after Fed holds policy steady. Wall Street up, praises US economy, labor strength post-Fed. US 10-year yield dips, Dollar Index down, hints AUD/USD rise. Mixed Australia PMI, strong job outlook may sway RBA policy. The Australian Dollar soared 0.83% against the US Dollar on Wednesday as the Federal Reserve held rates steady while maintaining their monetary policy outlook from last year, with 75 basis points (bps) of rate cuts in 2024. As the Asian session begins, the pair trades at 0.6595, up 0.14%. Aussie Dolar gains momentum amid the beginning of Asia session Wall Street…