Author: FX
Share: The US Dollar Index (DXY) remains underpinned after surpassing 103.00 last week. Economists at DBS Bank analyze Greenback’s outlook. US GDP and PCE deflator to underpin USD before next week’s FOMC meeting Critical support levels include the 103.10 mark, aligning with its 50-DMA, and the 38.2% Fibonacci retracement level from its plunge from 107.10 to 100.60 in November-December. Despite the Federal Reserve’s blackout period, Fed officials have clearly dismissed endorsing the March rate cut pushed by markets at the FOMC meeting on 30-31 January. This week’s important economic data should reinforce the Fed’s patient stance. On Thursday,…
USD/JPY looks a bit tired after a strong run but remains well-supportedInvestors doubt that the BoJ will be tightening monetary policy this weekWill it do so this year? Just possibly, but keep an eye on its wage-growth take Recommended by David Cottle Get Your Free JPY Forecast The Japanese Yen made modest gains on the United States Dollar in Europe on Monday in a market perhaps drifting as the Bank of Japan’s first monetary-policy meeting of the year gets under way.The decision is due on Tuesday and market-watchers aren’t expecting any changes. Indeed, signs that inflation might be loosening its…
Apellis Pharmaceuticals appoints COO Source link
© Reuters Appen falls 40% as Google ends contract, analyst remains ‘fundamentally bearish’ Shares of Appen (APX) plummeted more than 40% in the Australian trading session on Monday after Alphabet’s (NASDAQ:) Google opted to terminate its inbound services contract, marking the conclusion of a deal that contributed approximately 30% of Appen’s projected 2023 revenue. The decision, revealed as part of Google’s strategic review, caught Appen by surprise, leading to the cessation of all work on projects covered by the contract by March 19. Appen expressed disappointment over the unexpected decision, emphasizing that the company had no prior knowledge of the…
On Tuesday, we’re going to get the Bank of Japan and that is going to be one of the more interesting ones. Then, there is the Bank of Canada coming up on Wednesday followed by the European Central Bank on Thursday. As such, there will be plenty for traders to scrutinise in the days ahead after getting past the lackluster start to the week today.In the case of the Bank of Japan, the Ishikawa earthquake has reaffirmed that we are unlikely to see any sudden change to policy settings just yet. Policymakers have alluded to the spring wage negotiations in…
Share: Gold price meets with a fresh supply on Monday and snaps a two-day winning streak. Reduced bets that the Fed will cut rates in March act as a headwind for the XAU/USD. Retreating US bond yields, softer USD and geopolitical risk could limit deeper losses. Gold price (XAU/USD) comes under renewed selling pressure on the first day of a new week and stalls a two-day-old recovery from the vicinity of the $2,000 psychological mark, or over a one-month low touched last Wednesday. The upbeat US macro data released last week pointed to a still resilient economy and…
It’s gonna be a busy trading week with THREE central bank decisions, New Zealand’s quarterly CPI, the U.S. GDP report and core PCE price index lined up. How can these major catalysts impact forex price action and overall market sentiment? Read on to find out what number crunchers are predicting and how you can play these news events. 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
3/3 © Reuters. FILE PHOTO: The fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by the National Transportation Safety Board (NTSB) in Portland, 2/3 By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration late Sunday recommended airlines operating Boeing (NYSE:) 737-900ER jets inspect door plugs to ensure they are properly secured after some operators reported unspecified issues with bolts upon inspections. The recommendation follows the FAA’s grounding of 171 Boeing 737 MAX 9 planes after the Jan.…
We don’t know if you’re watching EUR/NZD’s long-term prospects but you should know that the pair traded below a long-term trend line support back in November 2023. EUR/NZD found support at the 1.7500 area, though, and now it’s back at the broken trend line area. And why not? Hawkish comments by European Central Bank (ECB) members have ensured at least some demand for the euro. Meanwhile, global growth concerns and escalating geopolitical tensions in the Middle East have weighed on commodity-related assets like the New Zealand dollar. EUR/NZD Daily Forex Chart by TradingView Remember that directional biases and volatility conditions…
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