Author: FX
Gold (XAU/USD), Bitcoin (BTC/USD) Analysis and ChartsQ1 2024 Gold Forecast: Recommended by Nick Cawley Get Your Free Gold Forecast Gold in need of a driver – will US CPI help?Bitcoin – a confirmed break of $49k should bring $52k back into play quickly.A quiet start to what should be a busy week, not helped by most Asian markets being closed for holidays. Chinese markets are closed all week for the Lunar New Year while Hong Kong, Taiwan, and South Korea were also closed today. With little economic data on the calendar today, traders should be mindful of a handful of…
© Reuters. FILE PHOTO: Storage tanks are seen at the Petroineos Ineos petrol refinery in Lavera, France, March 29, 2022. Picture taken March 29, 2022. REUTERS/Benoit Tessier/File Photo By Sudarshan Varadhan (Reuters) -Oil prices fell in early Asian trade on Monday after Israel said it had “concluded” a series of strikes in southern Gaza, slightly easing concerns about supply from the Middle East. futures were 29 cents, or 0.4% lower, at $81.90 a barrel, while U.S. West Texas Intermediate crude futures were down 28 cents, or 0.4%, at $76.56 a barrel at 0746 GMT. Geo-political risks including a feared broadening…
A lot of Asian markets are out on holiday today, but that doesn’t mean we shouldn’t brace for another busy trading week! The U.S. is set to print inflation and retail sales numbers while the U.K. markets will be busy with the country’s latest jobs, inflation, and growth figures. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: Source link
Congrats to the Kansas City Chiefs for taking home yet another Lombardi Trophy. That makes it three Super Bowl titles in five years. Big reputation, big reputation. While the world watches on, it’s a slow start to the new week for markets. And not surprisingly so, really.In Asia, most markets are still closed amid the Lunar New Year. With Japan, China, Hong Kong, and Singapore all out, liquidity conditions are sapped to say the least. We may look forward to things picking up in Europe later but I wouldn’t be surprised if the quieter mood persists.There aren’t any major economic…
Gold is still stuck in its triangle pattern, but the consolidation has been getting tighter and tighter. Is it due to bust out soon? And which way might it go? Here are the levels I’m keeping tabs on. Gold (XAU/USD) 4-hour Chart by TradingView This precious metal has formed lower highs and found support around $2,015, creating a descending triangle pattern that’s been holding so far this year. Shifting monetary policy expectations, persistent geopolitical tensions, global growth concerns and fickle risk appetite have kept this safe-haven commodity bouncing back and forth between inflection points. Remember that directional biases and volatility…
Share: EUR/JPY attracts fresh buyers on Monday and moves back closer to last week’s swing high. Dovish BoJ’s remarks, along with a positive risk tone, undermine the JPY and offer support. Expectations for an imminent shift in the BoJ’s policy and ECB rate cut bets cap the upside. The EUR/JPY cross regains positive traction on the first day of a new week and climbs back above the 161.00 round-figure mark during the Asian session. Spot prices remain well within the striking distance of over a two-week high touched on Friday and seem poised to prolong the recent appreciating…
2/2 © Reuters. Smoke rises during an Israeli ground operation in Khan Younis, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, as seen from a tent camp sheltering displaced Palestinians in Rafah, in the southern Gaza Strip February 11, 2/2 By Nidal al-Mughrabi and Emily Rose DOHA/JERUSALEM (Reuters) – Israeli strikes on Gaza’s southern city of Rafah killed 37 people and wounded dozens, local health officials said on Monday, after U.S. President Joe Biden told Israel not to attack Rafah without a credible plan to protect civilians. Heavy bombing caused widespread panic in Rafah as many…
Vittorio Zunino Celotto/Getty Images Entertainment Engaged Capital has won the support of V.F. Corp.’s (NYSE:VFC) founding family in its battle with the owner of brands such as North Face, Vans, and Timberland. Engaged Capital, which has a 1.3% stake in VF (VFC), has won the support of descendants of John Barbey, who founded VF in 1899, according to a Reuters report on Sunday, which cited Kelly Barbey. The Barbey family members now collectively own about 15% of VF. The Barbey family wants two directors on VF’s 12-member board replaced, Kelly Barbey told Reuters. The family wants Clarence Otis, a director…
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Share: Dallas Federal Reserve (Fed) Bank President Lorie Logan said on Friday that there is no urgency to cut interest rates, and while there has been “tremendous progress” on bringing down inflation, she wants further evidence on inflation to confirm the progress is durable. Key quotes “We have made tremendous progress on inflation; there is more work to do.””The risks that I’m seeing in the economy are becoming more balanced, but I do think we need to take time here to continue to look at the data.””I don’t see any urgency to adjust rates.””We need to build confidence…