Author: FX

Are traders changing their tune on Fed interest rates and bond yields after this week’s U.S. inflation updates? If so, could we see the U.S. 10-yr Treasury yield rally back to February highs? Let’s take a look at the calendar and charts to find out! 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

Share: RSI on the daily chart for EUR/JPY reveals growing buying momentum, while contrasting MACD may suggest a steady bearish sentiment. The hourly RSI near overbought condition may signal that the pair may consolidate in the next hours. The EUR/JPY pair is seen holding comfortable grounds at 161.83, marking a gain of 0.31%. On the shorter timeframes indicators gained significant ground and are near overbought territory which could mean the pair might consolidate in the next hours. Overall, the outlook remains bullish but the buyers must regain the 20-day Simple Moving Average (SMA) to make the short-term outlook…

What’s the mood like among U.S. consumers these days? The upcoming University of Michigan preliminary consumer sentiment index will be our first glimpse into whether Americans are feeling optimistic or pessimistic about the economy. Here’s what you need to know about the March release and how USD pairs might react. 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

blackred/E+ via Getty Images Gainers: Arq (ARQ) +34%. Guardforce AI (GFAI) +12%. OceanPal (OP) +8%. NuScale Power (SMR) +8%. Blink Charging (BLNK) +7%. Losers: 1847 Holdings (EFSH) -43%. Zim Integrated Shipping Services (ZIM) -15%. VerifyMe (VRME) -13%. CryoPort (CYRX) -10%. S&P 500 Industrials Sector +0.38% to 1035.6. Capital Goods which contributes 69.8% to index is +0.52% to 1098.35. Commercial & Professional Services +0.13% to 621.37. Transportation +0.09% to 1072.95. More on Industrial Select Sector SPDR ETF Source link

The House of Representatives has voted ByteDance to diverse or “ban”TicTok. The bill now gets pushed to the Senate.The aim of the bill is to compel ByteDance, TikTok’s Chinese parent company, to divest the social media platform or face a U.S. ban. Rep. Mike Gallagher, the chair of the House Select Committee on China and the bill’s leading GOP sponsor, insists the legislation aims for a “forced separation” rather than an outright ban, allowing TikTok’s operations to continue under different ownership. Despite this stance, the bill effectively sets the stage for banning TikTok in the U.S., especially given ByteDance’s and…

Bitcoin (BTC), Ethereum (ETH) – Prices, Charts, and Analysis:Bitcoin posts a fresh all-time high.Ethereum continues to rally but still lags Bitcoin. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Bitcoin continues to press higher, making fresh all-time highs in the process. The largest cryptocurrency by market capitalization is up just over 92% since the January 23 swing low ($38.55k), with the move higher driven by ongoing spot ETF buying. Blackrock, the world’s largest asset manager, now holds approximately 204k Bitcoin – current value $14.97 billion – despite their spot ETF being less than two months old. This…

Share: The Swiss Franc is forecast to fall as the Swiss National Bank (SNB) drops its strong FX policy.  The central bank had previously strengthened the Franc as a means of subduing inflation.  The SNB is jettisoning the approach as it considers the CHF is “too strong” for Swiss exporters.   The Swiss Franc (CHF) trades in a range in the upper 0.8700s against the US Dollar (USD) on Wednesday. Overall the outlook is not particularly positive for the Swiss Franc given the policy stance of its central bank, the Swiss National Bank (SNB), which does not want…

Crude Oil Prices and AnalysisUS benchmark crude is closing in on $79/barrel againOPEC has stuck with its relatively bullish medium-term demand forecastsUS stockpiles unexpectedly shrank last weekLearn how to trade oil with our complimentary trading guide Recommended by David Cottle How to Trade Oil Crude Oil Prices rose sharply on Wednesday as the markets mulled over some rather bullish demand forecasts from the Organization of Petroleum Exporting Countries released in the previous session.The major producers’ group predicts substantial global oil demand growth in the years ahead. It stuck with its previous view that 2024 will see overall increases of 2.5…

It is often said that the odds of being consistently profitable and succeeding in the forex market are very slim, as more than 90% of traders are bound to face failure. Here are five common reasons why this usually happens: You don’t understand key indicators, ideal times to trade, and how the market works. Would you enter a battle without knowing how to use weapons or who your opponent is? When you place a trade, you literally go toe-to-toe against some of the biggest nerds in the industry. Many professional traders are not only super smart and Ivy League-educated, but…

imaginima/E+ via Getty Images Residential swimming pools company Latham Group (NASDAQ:SWIM) was downgraded by Bank of America, citing weak new pool construction and higher decrementals. The stock was trading 23.78% down Wednesday pre-market at $2.50 after the ratings action, about 11% below its 200-day simple moving average. BoA lowered the recommendation on the stock to Underperform, and reduced the price target to $2.60 from $4.50. SWIM initiated the 2024 guidance with revenue expectations of between $490M and $520M, vs. consensus of $533.09M, and adjusted EBITDA guidance of $60M to $70M. The midpoint of the guidance range is roughly 8% and…