Author: FX
US DOLLAR FORECAST – EUR/USD, USD/JPY, GBP/USDU.S. dollar displays rangebound behavior ahead of high-impact events on FridayUS PCE data and Powell’s speech on Friday will be key for marketsThinner liquidity conditions are expected later in the week because of a bank holidayMost Read: Japanese Yen Outlook – Market Sentiment Signals for EUR/JPY, GBP/JPY, AUD/JPYThe U.S. dollar, as measured by the DXY index, moved within a narrow range on Tuesday, displaying a lack of clear direction, but ultimately managed to eke out tiny gains. Mixed U.S. Treasury yields and a sense of caution among market participants contributed to the muted price…
By Leroy Leo and Michael Erman (Reuters) -The U.S. Food and Drug Administration on Tuesday approved Merck’s treatment for adults with high blood pressure due to constriction of lung arteries, adding another potential blockbuster drug to the pharmaceutical giant’s portfolio. Shares of Merck were up more than 5% in extended trading. The therapy, branded Winrevair, is approved for treating pulmonary arterial hypertension (PAH), which affects about 40,000 people in the United States. “We look forward to making a significant difference for these patients that are left with a disease where the five year mortality is 43%,” Jannie Oosthuizen, president of…
Credit Agricole’s analysis of March’s financial market movements, including the rise in global equity markets and the USD’s overall strength, indicates a trend towards moderate USD selling at the month-end fixing. The prediction stems from a preliminary examination of portfolio-rebalancing flows, taking into account the month’s currency performance and equity market adjustments based on market capitalization.Key Points:Global Equity Market Performance: Equity markets have seen increases globally throughout March, influencing currency movements and portfolio rebalancing strategies.USD’s Position: Despite its general firmness throughout the month, the USD is anticipated to face selling pressure in the context of month-end adjustments.Specific Signals: The analysis…
The daily technical analysis reveals a steady bearish momentum but with indicators recovering. The hourly chart hints at initial signs of bullish momentum with the RSI in the positive territory. Despite the bearish short-term indicators, the pair is trading above the main SMAs, indicating a persisting bullish sentiment in the larger trend. During Tuesday’s session, the NZD/JPY pair rose to the 91.05 level, showing a slight gain of 0.15%. Currently, the market is primarily under the seller’s control, resulting in a short-term bearish outlook. Nonetheless, the broader outlook remains bullish, signifying the potential for buyers to regain control in the…
The latest CPI numbers from Australia are up and likely to spark short-term moves in the Aussie! Can February’s inflation data encourage more hawkish biases from RBA members? Read on to see exactly what the markets are expecting and how AUD might react to the release! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
WisdomTree U.S. High Yield Corporate Bond Fund declares monthly distribution of $0.2350 Source link
Gold (XAU/USD), Silver (XAG/USD) AnalysisDollar Down, Gold upGold appears to be taking its cue from a marginally weaker dollar at the start of the holiday-shortened trading week. Last week, gold prices revealed a rather unconventional evening star pattern – a typically bearish formation which can occur at the top of an uptrend. It was unconventional in the sense that the middle ‘doji’ candle exhibited a large upper wick but the candle body still met the technical criteria.The dollar may simply be cooling off after a choppy end to the week, initially sinking post-FOMC then rising sharply in the days that…
4/4 © Reuters. FILE PHOTO: A Rite Aid sign is seen outside one of their stores in New York, April 11, 2013. REUTERS/Shannon Stapleton/File Photo 2/4 By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid (NYSE:) has reached a settlement with its lenders, the U.S. Department of Justice, and drug supplier McKesson Corp (NYSE:), clearing a path for Rite Aid to complete its bankruptcy case by late April, a company lawyer said Tuesday. “We have reached an agreement on all key points with all key economic stakeholders,” Rite Aid attorney Aparna Yenamandra said at a bankruptcy court hearing…
Euro (EUR/USD)Prices, Charts, and AnalysisEUR/USD seems on track for a second day of gainsECB officials have offered some dovish commentaryEUR approaches its medium-term uptrend lineLearn how to trade EUR/USD with our complimentary guide Recommended by David Cottle How to Trade EUR/USD The Euro posted further gains on Tuesday, rising on a little general US Dollar weakness and seeming to shrug off more shaky consumer confidence data out of Germany, the Eurozone’s powerhouse economy.The monthly survey from market research giant GfK showed the headline confidence index at minus 27.4. This was slightly better than both the -27.9 forecast and the previous…
Prior was +0.2% (revised to +0.3%)House prices +6.6% y/y vs +6.7% expectedThe FHFA house price numbers:January prices -0.1% vs +0.1% priorHome prices y/y +6.3% vs +6.6% prior (revised to +6.7%) This article was written by Adam Button at www.forexlive.com. Source link