Author: FX
If you’ve seen any Canadian polls lately, you know that time is running out for Justin Trudeau and his Liberal Party in Canada. They’re currently trailing the Conservative Party by a margin of around 40%-26% with support steadily eroding.Fixed election date laws mean there doesn’t need to be an election until October 2025 but the Liberals currently have a minority government held up by support from the NDP.Yesterday, NDP leader Jagmeet Singh threatened ‘consequences’ if a national pharmacare bill isn’t introduced by March 1. The support agreement between the two parties required the Liberals to introduce pharmacare by the end…
JAPANESE YEN OUTLOOK – USD/JPY, EUR/JPY, GBP/JPYThe yen (JPY) weakens across the board following dovish comments from a key Bank of Japan official.Indications that the BoJ will not hike aggressively when it exits negative rates should be bearish for the Japanese currencyThis article discusses the near-term technical outlook for three yen pairs: USD/JPY, EUR/JPY and GBP/JPYMost Read: Gold Price Forecast – US Inflation Data to Guide Trend; XAU/USD Levels AheadThe Japanese yen (JPY) weakened across the board on Thursday following cautious remarks by Bank of Japan’s Executive Director Seiichi Shimizu. Addressing the lower house budget committee in parliament, Mr. Shimizu…
Share: We don’t want to make anyone panic, but a good argument can be made for aggressively protecting tech stock holdings. If my memory serves me correctly, we haven’t shared this monthly chart since late 2021 (when it was featured on the December 21st, 2021, episode of Mad Money). At the time, we were concerned about the unhealthy, steeply sloped rally. Since then, the NASDAQ 100 corrected from just under 17,000 to just over 10,000, later rallying back to make new all-time highs. However, those new highs are raising some red flags. Despite the deep correction, the gains…
Oil (WTI, Brent Crude) News and AnalysisEIA storage data reveals minor drop but extends run of successive drawdownsOil Responding Positively to Improvements in the Battered Chinese Equity Space (Brent crude)WTI oil nears significant zone of resistanceThe 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 Get Your Free Oil Forecast EIA Storage Data Reveals Minor Drop but Extends Run of Successive DrawdownsThe Energy Information Agency (EIA) reported another storage drawdown in Cushing Oklahoma but the latest drop was minor. Nevertheless, it extends…
NaaS Technology expects FY23 revenue to be between RMB310M and RMB330M Source link
© Reuters. FILE PHOTO: The United States Supreme Court is seen in Washington, U.S., September 22, 2023. REUTERS/Evelyn Hockstein/File Photo By Andrew Chung and John Kruzel WASHINGTON (Reuters) – U.S. Supreme Court justices on Thursday questioned a lawyer for Donald Trump as the former president fights to avoid being kicked off state presidential ballots for his actions involving the 2021 Capitol attack in a case with major implications for the November election. The nine justices were hearing his appeal of a Dec. 19 ruling by Colorado’s top court to disqualify Trump from the state’s Republican primary ballot under the U.S.…
Pound Sterling (GBP/USD) Talking Points:GBP/USD has slipped back after two days of gainsThe prospect of higher US interest rates for longer continues to dominateSome as-expected US jobless claim data saw Sterling losses deepen Recommended by David Cottle How to Trade GBP/USD The British Pound made initial gains against the United States Dollar in Thursday’s European session, but it pared them through the morning and was in the red as US markets wound up.Sterling was perhaps still boosted early by Wednesday’s news that UK house prices rose at the fastest pace since January last year in December, and also by a…
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…
EUR/USD Main Talking Points:EUR/USD’s Fed-inspired slide didn’t break its downtrend or trading rangeThe Single currency is creeping back up within that rangeThere are still plenty of European Central Bank speakers on tap this weekThe Euro continues its modest recovery against a United States Dollar still well-underpinned by the prospect of interest rates staying higher for longer. Recommended by David Cottle How to Trade EUR/USD Last week’s commentary from Federal Reserve Chair Jerome Powell to the effect that the Fed will lack a complete-enough picture of the inflationary environment to contemplate a March rate cut sent the greenback soaring against just…
Share: Bank of Mexico’s monetary policy decision is due out today. Will the Banxico signal a turnaround? Economists at Commerzbank analyze how the Mexican Peso (MXN) could react to Banxico’s announcement. Banxico is likely to take a wait-and-see approach Banxico is likely to take a wait-and-see approach today. After all, it is unlikely that it would have delayed the first rate cut for all these months to bring inflation under control in the long term and then initiate a turnaround at a time when the overall rate is rising again. Even if this is not a general exclusion,…