Author: FX
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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…
bombermoon/iStock via Getty Images China “does not want the U.S. to have its own domestic [solar] industry… it’s a pretty dire situation,” First Solar (NASDAQ:FSLR) CEO Mark Widmar told the Financial Times on Wednesday, a day after warning a Senate committee that the U.S. risks becoming “a de facto extension of China’s Best and Road Initiative.” A flood of Chinese-produced solar panels is driving prices to record lows in the U.S., causing U.S. power companies to favor imports over more expensive domestic panels; in response, North American manufacturers say they are pulling back on expansion plans despite incentives available under…
US DOLLAR FORECAST – EUR/USD, USD/JPYThe U.S. dollar slides but rising U.S. yields keep losses containedU.S. PPI and retail sales data on Thursday will steal market’s attentionThis article examines the outlook for EUR/USD and USD/JPYMost Read: Euro Outlook & Market Sentiment Analysis – EUR/USD, EUR/GBP & EUR/JPYThe U.S. dollar experienced a slight dip on Wednesday, although its descent was cushioned by an uptick in U.S. Treasury yields. In any case, FX volatility remained subdued as traders appeared to refrain from taking large directional positions ahead of Thursday’s key events on the U.S. calendar: the unveiling of the Producer Price Index…
The US trading day was void of economic releases. The Fed is in a blackout period ahead of the rate decision next Wednesday. There was oil inventory data released, and it showed a surprise drawdown of -1.536M when the market was expecting a build of 1.338M. That kept oil prices supported/higher. Crude oil rose to high of $79.90 just short of the natural resistance at $80.00, before rotating back to $79.54 currently. Nevertheless, the price is still up close to $2 on the day or 2.60%.IN the forex, the low to high ranges did extend in the US session (from…
Are traders changing their tune on Fed interest rates and bond yields after this week’s U.S. inflation updates? If so, could we see the U.S. 10-yr Treasury yield rally back to February highs? Let’s take a look at the calendar and charts to find out! 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
Share: RSI on the daily chart for EUR/JPY reveals growing buying momentum, while contrasting MACD may suggest a steady bearish sentiment. The hourly RSI near overbought condition may signal that the pair may consolidate in the next hours. The EUR/JPY pair is seen holding comfortable grounds at 161.83, marking a gain of 0.31%. On the shorter timeframes indicators gained significant ground and are near overbought territory which could mean the pair might consolidate in the next hours. Overall, the outlook remains bullish but the buyers must regain the 20-day Simple Moving Average (SMA) to make the short-term outlook…
What’s the mood like among U.S. consumers these days? The upcoming University of Michigan preliminary consumer sentiment index will be our first glimpse into whether Americans are feeling optimistic or pessimistic about the economy. Here’s what you need to know about the March release and how USD pairs might react. 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
blackred/E+ via Getty Images Gainers: Arq (ARQ) +34%. Guardforce AI (GFAI) +12%. OceanPal (OP) +8%. NuScale Power (SMR) +8%. Blink Charging (BLNK) +7%. Losers: 1847 Holdings (EFSH) -43%. Zim Integrated Shipping Services (ZIM) -15%. VerifyMe (VRME) -13%. CryoPort (CYRX) -10%. S&P 500 Industrials Sector +0.38% to 1035.6. Capital Goods which contributes 69.8% to index is +0.52% to 1098.35. Commercial & Professional Services +0.13% to 621.37. Transportation +0.09% to 1072.95. More on Industrial Select Sector SPDR ETF Source link
The House of Representatives has voted ByteDance to diverse or “ban”TicTok. The bill now gets pushed to the Senate.The aim of the bill is to compel ByteDance, TikTok’s Chinese parent company, to divest the social media platform or face a U.S. ban. Rep. Mike Gallagher, the chair of the House Select Committee on China and the bill’s leading GOP sponsor, insists the legislation aims for a “forced separation” rather than an outright ban, allowing TikTok’s operations to continue under different ownership. Despite this stance, the bill effectively sets the stage for banning TikTok in the U.S., especially given ByteDance’s and…