Author: FX
Share: The Brazilian Real (BRL) does not seem to be doing so well this year. Economists at Commerzbank analyze BRL outlook. At the turning point? The mere fact that the BCB has now reached such a turning point certainly increases the risks that the Real could become more of an average performing currency this year. Above all, the Real may not be able to withstand political disruptions, such as the announcement a few days ago that state-owned Petrobas will pay a lower dividend than the market expected. Those who need to manage BRL risks should keep this in…
Gold (XAU/USD) and Silver (XAG/USD) Price, Analysis and ChartGold trading on either side of $2,165/oz. but a break may be near.Silver prints a fresh three-month high.Most Read: Euro Slides Against Perky Dollar as US Inflation Springs Upside Surprise.The latest US PPI data – wholesale inflation – came in above market expectations, and last month’s print, but the dollar and US rate cut forecasts, remain little changed. US Retail Sales in February picked up, turning positive, but again missed market forecasts.The net effect of today’s US data releases left the US dollar index trading on either of 103.00 in lackluster trade.…
Drew Angerer/Getty Images News Former Treasury Secretary Steve Mnuchin said on CNBC on on Thursday that he is putting together a group of investors to acquire ByteDance’s (BDNCE) TikTok. “I think the legislation should pass and I think it should be sold,” Mnuchin said in an interview. “It’s a great business and I’m going to put together a group to buy TikTok.” “This should be owned by U.S. businesses,” Mnuchin added. ”There’s no way that the Chinese would ever let a U.S. company own something like this in China.” Mnuchin did not disclose who would be part of the group…
Japanese Yen (USD/JPY) Price and ChartsUSD/JPY ticks up againHowever it remains close to two months lowsNext week’s BoJ policy meet could provide some unusual excitementLearn how to trade USD/JPY with our free guide Recommended by David Cottle How to Trade USD/JPY The Japanese Yen drifted lower against the United States Dollar on Thursday but remains close to two-month highs as the market looks with unusual interest toward the Bank of Japan’s next monetary policy meeting on March 19. There are perhaps the clearest ever signs that the central bank could be serious about ending decades of extremely low-interest rates.The BoJ…
EUR/USD News and AnalysisECB member favours multiple rate cuts ahead of the summerEUR/USD flirts with familiar zone of resistanceMore ECB speakers scheduled today as event risk quietens downThe 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 How to Trade EUR/USD ECB Member Favours Multiple Rate Cuts Ahead of the SummerThe Greek central bank head, Yannis Stournaras (dove) mentioned in an interview this morning that there remains around 30% of past tightening yet to filter into the real economy, stressing the need…
Share: EUR/USD could see volatility on Thursday with US data and ECB speakers in the line up. US factory gate prices and Retails Sales could tone the debate on when the Fed cuts interest rates. In Europe, speakers from the ECB may shed light on when the ECB considers its own rate cut. EUR/USD continues trading in the mid 1.0900s after pulling back from a peak at 1.0981 achieved last week. With data releases and events affecting both sides of the EUR/USD pair on Thursday, a cursory glance at the proverbial “crystal ball” suggests some volatility is probable. …
Entrada Therapeutics GAAP EPS of -$0.29 beats by $0.81, revenue of $41.85M Source link
Watch out, silver bulls! The precious metal is closing in on the top of its range visible on the daily time frame. Can it sustain its climb past this point? Or will we see a bounce back to nearby support zones? Take a look at these levels I’m watching on the long-term chart: Silver (XAG/USD) Daily Chart by TradingView Just like its fellow shiny metal, gold, silver has been on a tear in the past few days! After all, risk-on vibes and anti-dollar flows have been in play, propping up higher-yielding assets like commodities on expectations that the Fed might…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Share: EUR/USD moves sideways ahead of Thursday’s release of US PPI and Retail Sales data. US Fed is expected to cut interest rate in June despite upbeat inflation data. ECB policymakers have signaled the possibility of a rate cut in the upcoming spring season. EUR/USD remains steady near 1.0950 during Thursday’s Asian session, in an attempt to maintain gains from the prior session. The EUR/USD pair received a boost as the US Dollar (USD) struggled to sustain its strength despite higher US Treasury yields spurred by positive inflation data. Market participants are eagerly anticipating the release of the…