Author: FX

© Reuters. Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.66% Investing.com – Denmark stocks were higher after the close on Friday, as gains in the , and sectors led shares higher. At the close in Copenhagen, the added 0.66%. The best performers of the session on the were Carlsberg A/S B (CSE:), which rose 1.48% or 13.00 points to trade at 888.80 at the close. Meanwhile, Vestas Wind Systems A/S (CSE:) added 1.40% or 2.74 points to end at 197.90 and Rockwool International B (CSE:) was up 1.36% or 25.00 points to 1,869.00 in late trade.…

USD/JPY FORECAST:USD/JPY has lacked directional conviction in recent days, with prices compressed between support and resistanceVolatility, however, could pick up next week, as the FOMC decision could alter current market dynamicsNo change in monetary policy is expected, but the Fed may embrace a more dovish position on the back of significant progress on the inflation frontMost Read: Euro (EUR/USD) Under Pressure as Markets Push the ECB to Start Cutting Rates EarlierUSD/JPY has lacked directional conviction in recent sessions, moving between overhead resistance at 148.80 and horizontal support at 147.40. Next week, however, could see more significant moves, as the Federal…

US stocks are down in the pre-market with the Nasdaq lagging. S&P 500 futures are 0.1% lower while Nasdaq futures are down 0.4%.Intel is a drag with shares down 9.8% in the pre-market after poor 2024 guidance. T-Mobile is also down 3% after earninsg while American Express is up 2% and Visa down 2.6%.Next week is another big one for earnings with Apple and Amazon set to report.The S&P 500 has notched a record closing high for five straight days.SPX daily Source link

PCE Prints Roughly as ExpectedUS core PCE data 2.9% vs 3% expected, PCE Price Index in line with estimate at 2.6%Immediate market reaction contained ahead of blockbuster week ahead (FOMC, NFP, mega-cap earnings)US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2% target however, is attached to the PCE Price Index which revealed the difficulty in forcing the overall level of prices lower from here. The 2.6% figure was in line with expectations and happens to be the exact same reading last month…

Frustration may be an occupational hazard for forex traders, as losses and even huge drawdowns can happen every now and then. This can result to self-doubt and a lack of confidence in one’s trading plan, which can then lead to overtrading or poor decision-making in an effort to make up for one’s mistakes. Reflect on your trading experience for a moment and think of an instance wherein you felt frustrated with your performance. Were you able to think clearly with your next trades? Did you take your losses personally and start questioning if trading is really for you? Traders are competitive by…

JinkoSolar's subsidiary reports 2023 preliminary results Source link

© Reuters. An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo By Jasper Ward and Krystal Hu WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Thursday it had ordered OpenAI, Microsoft (NASDAQ:), Alphabet (NASDAQ:), Amazon (NASDAQ:) and Anthropic to provide information on recent investments and partnerships involving generative AI companies and cloud service providers. Generative AI, which like ChatGPT uses data to create new content, has drawn attention from lawmakers and regulators globally, concerned it could be used to threaten national security, amplify influence operations…

EUR/USD Forecast – Prices, Charts, and AnalysisMarkets now pushing for an April ECB rate cut.EUR/USD now trades at a multi-week low.Learn how to trade EUR/USD with our complimentary guide: Recommended by Nick Cawley How to Trade EUR/USD The Euro weakened after Thursday’s ECB press conference despite President Lagarde giving little away. The central bank left all policy levers untouched yesterday, repeated that any change in monetary policy is data dependent, and gave no hint of any timetable for future action. The markets however are now the ECB to cut rates earlier, and by more, with weak Euro Area growth and…

Prior 89French consumer sentiment continues to improve in recent months but is still below the long-term average of 100. There is a decrease in fears on unemployment and a sharp decline on the prices outlook. So, those are at least some positive developments from the latest snapshot in January. This article was written by Justin Low at www.forexlive.com. Source link

Share: Indian Rupee trades on a stronger note as the US Dollar recovery loses steam.  Indian government plans to lower deficit in the 2024-25 fiscal year despite lifting capital expenditure to an all-time high. The December US Core Personal Consumption Expenditures Price Index (Core PCE) will be in the spotlight on Friday.  Indian Rupee (INR) edges higher on Friday on a modest decline of US Dollar (USD). India’s interim budget for fiscal year 2024-25 (FY25) will be announced by Union Finance Minister Nirmala Sitharaman on February 1. The Fiscal Budget 2024-25 will mainly focus on government spending and…