Author: FX
The New Zealand Dollar rises on positive risk appetite. Risky assets rise on hopes of central banks cutting interest rates. The RBNZ has not committed to cutting rates, however, as inflation remains high despite slow growth. The New Zealand Dollar (NZD) is trading higher in its most traded pairs on Tuesday as markets adopt a positive risk tone, benefiting commodity currencies like the New Zealand Dollar over safe havens. European Stocks are mostly higher on hopes it will not be long before the European Central Bank (ECB) cuts interest rates, thereby cheapening credit. The German DAX, British FTSE 100, Italian…
GBP/USD News and AnalysisBank of England’s Mann concerned by optimistic rate cut estimatesPost-FOMC rebound on the cards for GBP/USD?IG client sentiment mixed despite majority net-long positioningBank of England’s Mann Concerned by Optimistic Rate Cut EstimatesOne of the staunch ‘hawks’ within the Bank of England’s Monetary Policy Committee (MPC) is Catherine Mann and she has recently clarified why she no longer voted in favour of a hike. Mann is of the opinion that market expectations around rate cuts is too high, something that appears to be supporting the local currency.She has expressed that wage dynamics in the UK are stronger than…
Scott Olson/Getty Images News Shares of Trump Media & Technology (NASDAQ:DJT) jumped about 20% premarket on Tuesday on its Nasdaq debut. On Monday, SPAC Digital World Acquisition and former President Donald Trump’s media company Trump Media & Technology Group had announced the completion of their business combination. The deal had already received approval from DWAC shareholders. Trump Media will continue to be led by CEO Devin Nunes, and its current management team. Year-to-date, Digital World’s stock has soared nearly 185% amid a long-delayed combination, in a time which has seen Trump win several primaries to become the Republican candidate for…
© Reuters. BELLEVUE, Wash. – Terreno Realty Corporation (NYSE:), a company specializing in the acquisition, ownership, and operation of industrial real estate in key coastal U.S. markets, has upsized its public offering to 5,500,000 shares of common stock, priced at $62.00 each. The offering, which was initially set at 5,000,000 shares, is expected to close on March 27, 2024, subject to customary closing conditions. The underwriters for this offering have been provided with a 30-day option to purchase up to an additional 825,000 shares. Goldman Sachs & Co (NYSE:). LLC and KeyBanc Capital Markets Inc. are the underwriters managing the…
EUR/USD is swinging higher ahead of the anticipated U.S. core PCE price index report! If you’ve read last week’s Weekly Recap, then you’ll know that the Fed is sounding relatively less dovish if you compare it to counterparts like the SNB, BOE, and even the ECB. USD dominated most of its counterparts last week but it looks like currencies like EUR are finding some support as the dollar sees some profit-taking. How high can EUR/USD fly before the bears step back in? This Article Is For Premium Members Only Become a Premium member for full website access,…
Gold techical analysis: Insights from the 4-hour gold futures chartGold simple technical analysis on the 4h chartGold traders and investors, take note of the current landscape presented in the latest 4-hour chart. A key observation is the price action hovering near the 20 Exponential Moving Average (EMA), which is currently at $2,173.8. This level is crucial as it can act as a short-term trend indicator.Critical price levels evels to watch for gold futures:Resistance at the 20 EMA: Watch for two consecutive 4-hour candle closures above this level. A sustained move above could signal that bulls are taking charge, increasing the…
Unlocking ASX Trading Success: FORTESCUE LTD – FMG Stock Analysis & Elliott Wave Technical Forecast Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with FORTESCUE LTD – FMG. We have identified that wave (v) may return to FMG to continue pushing higher, but it needs to be monitored closely until the significant high is breached. This would increase confidence and renew the bullish outlook. ASX: FORTESCUE LTD – FMG Elliott Wave technical analysis Function: Major trend (Minuette degree, purple). Mode: Motive. Structure: Impulse. Position: Wave (iv)-purple. Details: The short-term outlook indicates that waves (i)-purple through…
This forex pair has been pacing inside its range for quite some time and is currently testing the top. Is it in for a bounce or a break next? Check out these inflection points I’m watching on the hourly time frame. USD/CAD 1-hour Forex Chart by TradingView USD/CAD has been tossing and turning these days, taking cues from crude oil rallies while also adjusting to shifting policy bets. In particular, easing expectations for the Bank of Canada (BOC) have been on the rise recently, as the country’s inflation reports fell short of estimates. Meanwhile, geopolitical tensions continue to keep investors…
© Reuters. FILE PHOTO: A shopkeeper naps as she waits for customers at a traditional market in Seoul, South Korea, April 7, 2022. REUTERS/Kim Hong-Ji/File Photo By Jihoon Lee SEOUL (Reuters) -South Korea’s consumer sentiment dropped sharply in March on growing worries about higher produce prices, a central bank survey showed on Tuesday, as inflation hitting the dinner table emerges as a major policy issue at next month’s elections. The consumer sentiment index fell to 100.7 in March from 101.9 in February, posting the biggest monthly drop since October, in the Bank of Korea’s monthly survey of consumers. Inflation expectations…
There is a speech from the RBA coming up soon, at 0220 GMT. Its from Ellis Connolly, Head of Payments Policy. Its very unlikely there will be anything said about monetary policy but there may be a comment or two on the economy.Its around 24 C (75 F) in Sydney so I don’t think there will be much ‘fireside’ going on either. Source link