Author: FX
The positive outlook on the daily chart improved but bulls aren’t yet in command. the RSI was seen above 70 in recent hours, which may lead to a consolidation. To prevent any potential losses, the bulls must defend the key SMAs. In Tuesday’s session, NZD/JPY is trading at 91.36, registering an uptick of 0.74%. Despite some signals of a consolidation incoming, the market sees dominance by buyers, which leads to a broader bullish outlook. Ahead of the Asian session, the pair may correct overbought conditions on the hourly chart and see some red. On the daily chart, the NZD/JPY pair…
Canadian CPI, USD/CAD AnalysisCanadian inflation slows more than expected in February – raising USD/CADMarkets bring a potential BoC cut closer while delaying the onset of Fed cutsUSD/CAD’s bullish response tapered off but pair heads for channel 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 Trading Forex News: The Strategy Canadian inflation slows more than expected in February – raising USD/CADCanadian inflation, both core and headline measures, came in lower than last month’s figures while CPI came in well below the…
It’s FOMC Statement week! While the Fed is expected to keep its policies steady, potential changes in the Dot Plot forecast may send USD all over the charts this week. What are the markets expecting and how may USD react to the update? Here are points you need to catch up on if you’re planning on trading the FOMC event: 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
Jonathan Knowles U.S. beverage sales at retail outlets showed a decelerating trend over the last four weeks, according to the latest batch of Nielsen data. Non-alcoholic beverage, combined beer, wine, and spirits dollar sales growth also all slowed in comparison to the 12-week trendline, noted TD Cowen analyst Robert Moskow. Of note, price increases have cooled off and promotional activity in some beverage categories is above last year’s levels. For the four-week period ending on March 9, beverage categories showing a drop in sales compared to a year ago included sports drinks, bottled water, ground coffee, and hard seltzer. The…
© Reuters. Comtech Telecommunications Corp. (NASDAQ:) has revealed a slight increase in net sales and significant growth in adjusted EBITDA for the second quarter of fiscal year 2024. CEO John Ratigan emphasized the company’s refinancing plans as a top priority, with strategic investments bolstering the balance sheet. The company is engaging with lenders to replace its current credit facility, aiming to improve financial flexibility. CFO Mike Bondi acknowledged challenging business conditions but projected improved sales and EBITDA for fiscal 2024, backed by a strong backlog and revenue visibility. Comtech also highlighted its next-generation troposcatter solutions and success in securing key…
British Pound Price and AnalysisGBP/USD has slipped below the $1.27 markThe Dollar has gained broad support from suspicions that the FedThe Bank of England isn’t expected to alter policy, but its voting split will be fascinatingLearn how to trade GBP/USD with our free guide Recommended by David Cottle How to Trade GBP/USD The British Pound was sharply lower against the United States Dollar on Tuesday. The next forty-eight hours will bring interest rate decisions from both currencies’ central banks and the markets expect the net result will be some further strength in the greenback.The Federal Reserve will go first, on…
$3,497 USD/MTWhole milk powder -4.2%This is the second soft auction in a row. This article was written by Adam Button at www.forexlive.com. Source link
On Friday, the S&P 500 lost almost 0.7%, and yesterday, it gained 0.63%. The market basically continued to trade within a two-week-long consolidation below the previous Friday’s new record high of 5,189.26, and above the support level of around 5,100. The question remains: will stocks break higher and reach new all-time highs? This morning, the S&P 500 futures contract is trading 0.4% lower, indicating a lower opening for the index today. The market will be waiting for the very important FOMC Rate Decision tomorrow. On March 1, I mentioned about February, “Despite concerns about stock valuations, the market rallied to…
EUR/USD Prices, Charts, and AnalysisEconomic sentiment improves, but current conditions are still weak.Fed decision and narrative will shape EUR/USD direction in the coming days. Recommended by Nick Cawley The Fundamentals of Breakout Trading The latest ZEW Financial Market Survey showed a sharp rise in Euro Area and German economic optimism, beating market forecasts by a margin. The German number – 31.7 – was the highest reading in over two years and beat market estimates of 20.5. The Euro Area number – 33.5 – was also the highest reading since February 2022. However, the German current conditions reading remained weak and…
24K-Production/iStock via Getty Images Beam Global (NASDAQ:BEEM) has been granted another new patent by the United States Patent Office that covers the company’s wireless charging technology, with the patent title Self-Contained Renewable Inductive Battery Charger, it said Tuesday. The new product will be equipped with a wireless power transmitter which delivers electrical energy to charge the EV’s batteries through the air and is installed in the engineered ballast and traction pad of the EV ARC system. BEEM +1.16% premarket to $6.95 Source: Press Release Source link