Author: FX
Crude oilThe price of crude oil has moved to new lows and in the process fell below its 100-hour moving average at $78.86 on its way to a low of $78.56. At session lows, the price tested the low of a swing area between $78.52 and $79.29. Support buyers came in against the level and have pushed the price back up. The current price trades at $78.68 between the 100-hour moving average and the low of the swing area (see the low of the yellow area with the red number circles). What now?On the topside, the 100-hour moving average $78.86…
Nasdaq 100 (US Tech) AnalysisHistorically, March presents a tricky month for the Nasdaq in an election year but tends to witness impressive full year gainsNasdaq posts a slow start to the week ahead of economic dataMajor risk events in the week that lies ahead: services PMI, Fed talk and NFPThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryMarch Madness: Nasdaq Tends to Underperform in March During Election YearsWith the presidential race well under way, it may be useful to see how the tech-heavy Nasdaq has…
Share: Canadian Dollar finds the middle as investor appetite churns. Bank of Canada rate call slated for the midweek. US NFP expectations to draw attention through the week. The Canadian Dollar (CAD) is cycling familiar levels on Monday with markets awaiting another rate showing from the Bank of Canada (BoC) and this week’s key US Nonfarm Payrolls (NFP) report due on Friday. The BoC is expected to hold rates at 5% on Wednesday, and investors hopeful for a rate cut from the Federal Reserve (Fed) will be looking for softening economic figures from the US this week. The…
USD/JPY FORECASTUSD/JPY trades higher on Monday, supported by rising U.S. Treasury yieldsThe week is marked by high-impact events that could trigger market volatilityPowell’s testimony before Congress and the NFP report will take center stageMost Read: Gold Breaks Out, EUR/USD Eyes ECB; Powell, BoC & NFP in FocusUSD/JPY climbed upwards on Monday, rising about 0.2% to 150.36, supported by increasing U.S. Treasury yields, with the U.S. 10-year bond back above 4.20% in late morning trading in New York. This week, markets are laser-focused on a series of critical data releases that hold the potential to significantly impact the pair’s direction.Tokyo’s inflation…
iShares California Muni Bond ETF declares monthly distribution of $0.1337 Source link
Oil (Brent Crude, WTI) News and AnalysisOPEC+ extends supply cuts for Q2, Russia forced into further cutsBrent crude oil starts the week on the back foot despite extra Russian cutsWTI oil signals bullish fatigue as prices pullback towards key levelThe 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 OPEC+ Extends Supply Cuts for Q2, Russia Forced into Further CutsThe Organization of the Petroleum Exporting Countries and its allies, otherwise known as OPEC+, decided to extend supply cuts…
© Reuters. Russia’s President Vladimir Putin attends a meeting with Moscow’s Mayor Sergei Sobyanin in Moscow, Russia, March 4, 2024. Sputnik/Mikhail Metzel/Pool via REUTERS MOSCOW (Reuters) – The extension of a preferential family mortgage programme, announced by President Vladimir Putin last week, will cost Russia’s budget 1.5 trillion roubles ($16.5 billion) over the next six years, the finance ministry said on Monday. The move is part of a larger spending package Putin proposed last week, ahead of an election he is almost certain to win. Additional budget spending on the programme in 2024 will cost 260 billion roubles, the ministry…
Earlier this year the Colorado Supreme Court disqualified Trump from being president again and ineligible for the state’s primary, which is Tuesday. The grounds for disqualifying him are a clause in the constitution that says anyone “engaged in insurrection” can be barred from holding office.The court yesterday said at least one case will be decided Monday and given the timing, it’s assumed to be this case, which was argued in early February. Court watchers said it’s likely Trump will be reinstated on the ballot. Source link
In trading, actively managing open positions is just as important as coming up with your plan. Here are three tips to help you manage your active trades. 1. Stay in touch with the market. Whether you’re a hardcore technical or fundamentals trader, or maybe a little bit of each, you can’t deny that economic reports influence price action. This is why it pays to keep tabs on the events that pose risks to your trades. Some say that the market’s reaction to the news is more important than the news itself. But how can you make the most out of a reaction if you…
Share: WTI Oil jumps above $79 in European trading on Monday. Oil traders are positioning for more upside, with futures net long at highest since October. The US Dollar Index is retreating back below 104 with markets looking ahead of US Jobs Reports on Friday. Oil prices are in the green this Monday morning, backed by headlines that came out over the weekend confirming that OPEC will persist its production curbs for at least Q2, in line with expectations. Traders are seeing further bullish signs with the Commodity Futures Trading Commission (CFTC) noting speculative net long positions rising…