Author: FX
Check out this classic pullback setup on EUR/JPY! Is the trend still our friend or has it reached the bend at the end? Here are the correction levels I’m watching on the 4-hour time frame. EUR/JPY 4-hour Forex Chart by TradingView Risk-off vibes have been propping up the safe-haven Japanese yen these days while the euro has been on the retreat after a somewhat dovish ECB statement last week. Can a return in risk-taking still spur a bounce for this pair, though? Remember that directional biases and volatility conditions in market price are typically driven by fundamentals. If you haven’t…
National Oilwell Varco GAAP EPS of $1.51 beats by $1.09, revenue of $2.34B beats by $80M Source link
KUALA LUMPUR (Reuters) – An undocumented migrant from Myanmar has died in a road accident while fleeing an immigration detention centre with over a hundred others in Malaysia late Thursday, officials said. The incident was the second reported breakout from a Malaysian detention centre in as many years. In April 2022, 582 ethnic Rohingya refugees from Myanmar escaped an immigration depot in northern Kedah state. Six of those migrants were killed after being hit by vehicles on a highway. A total of 131 migrants escaped from the Bidor immigration detention depot in Malaysia’s western Perak state on Thursday night, Immigration…
U.S. Defense Secretary Lloyd Austin spoke with media on Thursday. He said that the attack against sleeping quarters in northeastern Jordan last weekend that killed three US service members was “egregious,” and added that such actions will not be tolerated. He promised that “It’s time to takee away even more capability than we’ve taken in the past” US media reported, also Thursday, that U.S. President Joe Biden has approved plans for several days of strikes on targets that include “Iranian personnel and facilities” in both Iraq and Syria.Oil and ‘risk’ trades will be likely to come under scrutiny the closer…
Share: WTI prices recover some lost ground near $74.30 on Friday. The modest recovery in WTI prices is backed by expectations for Fed rate cuts and Chinese stimulus measures. The US Nonfarm Payrolls report will be in the spotlight on Friday. Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $74.30 on Friday. WTI prices snap the two-day losing streak amid the sign of potential interest rate cuts from the US Federal Reserve (Fed). The modest recovery in WTI prices is supported by the market’s expectations for rate cuts this year after Fed Chair Jerome Powell…
Brandon Bell Shares of Clorox (NYSE:CLX) on Thursday jumped more than 7% in extended trading, after the cleaning products giant delivered a solid quarterly top and bottom line beat and updated its guidance to reflect its recovery from a cyberattack in August last year. CLX stock was last up 7.4% to $159 after hours. Clorox (CLX) reported FQ2 2024 adjusted profit per share of $2.16, which handily beat estimates by over a dollar. Revenue surged 15.7% Y/Y to $1.99B, also beating expectations by $190M. Oakland, Calif.-based Clorox (CLX) offers a range of cleaning and home care products, including brands such…
By Patricia Zengerle WASHINGTON (Reuters) – Senior U.S. lawmakers said they wanted Hungary to immediately approve Sweden’s accession to NATO, suggesting on Thursday, a week after Turkey’s approval, that Budapest risks permanent damage to its relationship with Washington if it does not act. Senate Foreign Relations Committee Ben Cardin said he had “deep concerns” over the direction of Hungary’s current government. The Democratic lawmaker noted Hungarian Prime Minister Viktor Orban’s delay, until today, of European Union assistance for Ukraine, as well as its continuing obstruction of Sweden’s NATO membership. “Partners don’t do these things. And I am questioning whether they…
GOLD PRICE OUTLOOKThe U.S. nonfarm payrolls survey will steal the limelight on FridayA weak jobs report should be bullish for gold prices, while strong data should be negative for the precious metalThis article scrutinizes gold’s technical outlook in the near termMost Read: US Dollar Forecast: Technical Analysis on USD/CAD, AUD/USD and NZD/USDThe Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a step further by acknowledging that officials may not yet…
SPX dailyThe ongoing rally in the bond market is likely been driven by US banking fears but while the KRE regional banking ETF is was 3.4%, the rest of it is just seeing it as potential reason for the Federal Reserve to cut rates sooner. It’s been an impressive bounce that nearly erases yesterday’s rout.On the day:S&P 500 +1.2%Nasdaq Comp +1.3%DJIA +1.0%Russell 2000 +1.3% Toronto TSX Comp +0.5%After hours, shares of META and AMZN are both surging, up around 8% on earnings.Tomorrow is non-farm payrolls (preview here) so the volatility isn’t going anywhere. Source link
Share: Crude Oil sees rough action on Thursday as geopolitics weigh on price. Odds are increasing of a negotiated ceasefire in Gaza. EIA, API Crude OIl barrel counts mix, show net drawdown. West Texas Intermediate (WTI) US Crude Oil fell back to around $74.00 per barrel on Thursday after an early spike into $79.00 as markets look for signs that global Crude Oil supply may begin to crack under rising global barrel demand. Progress on a ceasefire negotiation between Israel and Hamas being brokered in Qatar has energy prices leaning into the softer side as markets head into…