Author: FX

Most Read: Japanese Yen Surges Against USD As Markets Again Mull BoJ Policy ExitGold prices shattered records this week, topping $2,150 an ounce. This vigorous rally has been fueled by a weakening U.S. dollar and falling Treasury yields on wagers that the Federal Reserve could start slashing borrowing costs earlier than suggested by policymakers.While Fed Chair Powell has signaled that the central bank is in no rush to cut rates and would need more evidence that inflation is converging to 2.0% on a sustainable basis before pulling the trigger, traders remain skeptical and are betting on the easing cycle starting…

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…

Share: AUD/USD jumps to 0.6600 as the appeal for risk-sensitive assets improves. The US Dollar will be guided by Fed Powell’s testimony and US NFP data. Market expectations for Fed rate cuts in June escalate. The AUD/USD pair rallies to the round-level resistance of 0.6600 in the early New York session on Thursday. The Aussie asset witnesses significant buying interest as the risk appetite of the market participants has increased on expectations that the Federal Reserve (Fed) will start reducing interest rates from the June policy meeting. Considering positive overnight futures, the S&P 500 is expected to open…

EUR/USD Prices, Charts, and AnalysisEUR/USD edges back below 1.0900 after ECB policy decision.US NFPs are the next driver of EUR/USD price action.The European Central Bank kept all three key interest rates unchanged at today’s meeting, in line with market expectations. The central bank also released revised staff projections inflation and growth projections.‘Staff now project inflation to average 2.3% in 2024, 2.0% in 2025 and 1.9% in 2026. The projections for inflation excluding energy and food have also been revised down and average 2.6% for 2024, 2.1% for 2025 and 2.0% for 2026… Staff have revised down their growth projection for…

Japanese Yen (USD/JPY) Analysis, Prices, and ChartsUSD/JPY is especially weak, even as the Dollar gets a broad bashingReports suggest the Bank of Japan is moving closer to abandoning ultra-loose monetary policyIt’s important to remember that these hopes have been dashed beforeLearn how to trade USD/JPY with our free guide Recommended by David Cottle How to Trade USD/JPY The Japanese Yen could be set for its biggest day of gains against the United States Dollar this year as investors seem increasingly to believe that the Bank of Japan will soon start to retreat from its venerable, ultra-loose monetary policy.BoJ board member…

Yes, they low a lot of money, but …“We expect the improved earnings power of Superior having completed the transformation of the North American operations and post the completion of the Europe Transformation to drive significant improvement in sales and earnings well into the future; morespecifically, Value-Added Sales of $890 million, Adjusted EBITDA of $240 million and Unlevered Free Cash Flow of $150 million in the year 2027.”2027 is a long ways away. I just want to know the plan for dealing with the debt maturities, covenants, and preferred stock. Source link

© Reuters. LONDON (Reuters) -Global banking regulators set out potential measures on Thursday to crack down on “unacceptable” attempts by the world’s biggest banks to game rules in a bid to avoid heavier capital requirements. Globally systemic banks (G-SIBs) must hold more capital than their smaller domestic peers, based on a range of factors, which determines which “bucket” they are slotted into, and therefore how much extra capital they must hold. The rules were introduced a decade ago after many lenders were bailed out by taxpayers in the global financial crisis. “The proposed revisions aim at constraining banks’ ability to…

US Dollar Analysis, Price, and ChartFed Chair Powell remains positive but data dependent.US Dollar Index drifts lower and now looks to Friday’s NFP report for guidance.Gold posts a fresh record high. Recommended by Nick Cawley Get Your Free USD Forecast Fed Chair Jerome Powell gave the market little to work with at the first of his two semi-annual testimonies on Wednesday, bar reiterating that interest rates are likely to move lower later this year if economic data permits. Chair Powell told the House that rate cuts will “likely be appropriate” later this year… “if the economy evolves broadly as expected”,…

AUD/USD daily chartIn the second half of February trading, AUD/USD saw a modest rebound from its lowest levels since November last year to around 0.6580-95. The rebound stalled amid a test of the 200-day moving average (blue line) at the time as well. That considering the daily closes failed to breach the key technical level. But this week, buyers are looking to make a play as seen above.The confluence of the 100 (red line) and 200-day moving averages is seen at 0.6560-63 currently. And price has broken past that point as buyers bid the pair to 0.6590 now. That shifts…

Share: The Japanese Yen attracts strong follow-through buying amid renewed BoJ rate hike bets. The uncertainty about the Fed’s rate-cut path undermines the USD and weighs on USD/JPY. The fundamental backdrop supports prospects for a further depreciating move for the pair. The Japanese Yen (JPY) adds to its strong intraday gains against its American counterpart and drags the USD/JPY pair to a four-week low, around the 148.00 mark during the early European session on Thursday. A rise in Tokyo CPI, along with hawkish remarks by Bank of Japan (BoJ) officials, lifted bets that the central bank will exit…