Author: FX
Oil (Brent, WTI Crude) AnalysisMarginal Cushing stock build could limit oil upside, IEA revises oil demand growth lowerBrent crude oil flirts with the 200-day SMAWTI testing major zone of resistance into the end of the weekThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryMarginal Cushing Stock Build Could Limit Oil UpsideUS oil stocks in Cushing Oklahoma rose slightly at the end of last week, which may cap oil upside towards the end of this week. Oil storage figures have recovered in February after January witnessed…
Most Read: British Pound Outlook – Analysis & Setups on GBP/USD, EUR/GBP and GBP/JPYEUR/USD advanced on Thursday, climbing for the second straight day after bouncing off the psychological 1.0700 level earlier in the week, supported in part by disappointing U.S. economic data. For context, U.S. retail trade figures showed that sales contracted 0.8% in January, well below expectations calling for a more modest decline of 0.1%.Source: DailyFX Economic CalendarWeaker consumer spending in isolation could provide justification for the Federal Reserve to expedite interest rate cuts as a preemptive strategy to prevent a possible downturn in gestation. However, in the current…
© Reuters. FILE PHOTO: A Swiss flag is pictured above a logo of Swiss bank Credit Suisse in Bern, Switzerland, November 15, 2023. REUTERS/Denis Balibouse/File Photo By Jonathan Stempel NEW YORK (Reuters) – Dozens of former Credit Suisse officials and the auditor KPMG won the dismissal of a U.S. shareholder lawsuit claiming they allowed 20 years of “continuous mismanagement” that led to the Swiss bank’s demise and takeover by UBS. In a 92-page decision released on Thursday, U.S. District Judge Colleen McMahon in Manhattan said accusations that the defendants allowed the improper “plunder” of Credit Suisse did not support racketeering…
Bitcoin (BTC) and Ethereum (ETH/USD) Prices, Charts, and Analysis:Nine green candles in the last ten days.Bitcoin halving event the next driver of price action. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading The post-ETF approval/pre-halving Bitcoin rally is in full flow with the largest cryptocurrency by market cap up by over 20% in the first half of February. Heavy demand for the 11 new spot Bitcoin ETFs is pushing the price ever higher with BTC/USD now back at levels last seen at the end of November 2021. Bitcoin futures open interest is also through the roof and…
The USDCHF is moving lower and in the process, is retracing the gains from Tuesday after the stronger-than-expected US CPI data. Today, the US retail sales came out weaker than expectations – pushing the greenback lower. Yields are lower with the 10 year down -6.2 basis points which is also helping the downside bias for the USD in trading today. Technically, the USDCHF was already moving lower in the European session after breaking back below its 200-day moving average at 0.8846 in the late Asian session/early European session. Recall that on Tuesday after the CPI, the price moved above that…
Share: The US Dollar Index (DXY) has inched higher as market pricing of Fed easing in 2024 has been downgraded. Economists at Société Générale analyze Greenback’s outlook. The Fed is unlikely to ease dramatically The US economy appears to have escaped a recession, and while that won’t stand in the way of monetary policy easing in 2024, it means that the Fed is unlikely to ease dramatically, reducing downward pressure on the USD. Irrespective of the actual policies that might be adopted by Trump or Biden presidencies (not to mention the possibility that one or the other may…
Japanese Yen (USD/JPY) Analysis and ChartUSD/JPY creeps lower againSurprise news of recession in Japan has boosted the YenEconomic weakness makes the BoJ/s stated aims much harderThe Japanese Yen was stronger against the United States dollar on Thursday despite some dismal economic news out of Japan.Not only did that country unexpectedly slip into recession according to official data released earlier, it lost its long-held crown as the world’s third-largest national economy in the process. That title now goes to Germany.Annualized Japanese Gross Domestic Product fell by 0.4% in the old year’s final three months. That was another contraction, joining the 3.3%…
Organon in charts: Biosimilars revenue rises by ~49% and Women’s Health revenue by 7% in Q4 Source link
© Reuters. Amwell (ticker: AMWL), a leading telehealth company, held its Q4 2023 earnings call, reporting a mix of achievements and challenges. The company secured a significant $180M task order with Leidos for the Defense Health Agency and launched a Digital Behavioral Health program for the US Military. Despite a decrease in total revenue to $71M, down 11% from the previous year, Amwell reported a 14% increase from the previous quarter and improvements in its sales model. The company also announced a 10% reduction in headcount to improve efficiency. Looking forward, Amwell is focused on expanding bookings, migrating remaining clients…
· 2024’s ‘year of elections’, with half of the world’s population going to the polls, expected to create opportunities for traders· Analysis of Plus500 OTC data from previous elections shows that indices and forex pairs are likely to be in focusWith 2024 being described as ‘the year of elections’ as half of the world’s voters go to the polls, experts from the global multi-asset fintech group Plus500 have pored through trading data from recent elections to understand how traders might behave around this year’s high stakes political elections. With a presence across more than 60 countries and over 25 million…