Author: FX
Booking CFO disposes of stock worth ~$3.5M Source link
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD (Reuters) -Pakistan said it used rockets and drones to strike separatist Baloch militants inside Iran on Thursday, in a retaliatory strike two days after Tehran said it attacked the bases of another group within Pakistani territory. Iranian media said several missiles hit a village in the Sistan-Baluchestan province that borders Pakistan, killing at least nine people, including four children. The neighbours have had rocky ties in the past, but the strikes are the highest-profile cross-border intrusions in recent years and come amid growing worries about instability in the Middle East since the…
Gold and Silver Analysis and ChartsCentral bankers pouring cold water on inflated rate cut expectations.Silver eyes a fresh multi-week low.Download our brand new Gold Technical and Fundamental Forecast Recommended by Nick Cawley Get Your Free Gold Forecast Most Read: Gold Price (XAU/USD) Slipping Lower but Support Should Hold for NowFederal Reserve and European Central Bank board members have been on the wires this week trying to temper market rate cut enthusiasm. While the firm expectation is that both central banks will cut interest rates this year, as inflation moves back towards target, the speed and amount of cuts the markets…
The more bullish upgrade by BofA on Apple shares is the only relevant headline that I can allude to in helping to push US futures higher in the past hour. S&P 500 futures are now up 0.3% with Nasdaq futures up 0.7%, while Dow futures are flat. So, that sort of gives you an idea of where the gains are coming from.Apple shares are up nearly 2% in pre-market trading and that seems to be lighting up the tech space and equities sentiment ahead of US trading later. That being said, just be wary that action in the bond market…
Cornish Metals (TSXV:CUSN:CA) Thursday reported updated Mineral Resource Estimate for South Crofty Mine with a 31.6% increase to contained tin in the Indicated Mineral Resource category for the Lower Mine. Outlook: Dewater to 195-fathom level (~360 metres below surface) and refurbish the pump station. Progress to the second stage of dewatering of the deeper levels of the mine. Advance the South Crofty Feasibility Study: all study components, with the exception of infill drilling, expected to be completed in H1 2024. Preliminary Economic Assessment for South Crofty planned before end of H1 2024 to provide interim guidance prior to the publication…
Pound Sterling (GBP/USD, GBP/JPY) AnalysisGBP/USD looks to retain hard-fought gains as USD holds firm2-year Gilt yields open slightly lower but remain around yesterday’s highGBP/JPY has ambitious target in sight ahead of Japanese CPI data Recommended by Richard Snow Get Your Free GBP Forecast Yesterday UK CPI beat estimates both on the headline and core measures, resulting in downward revisions for interest rate expectations which supported the pound. Stubborn inflation has proven not to be a UK specific problem but has indeed been witnessed in the EU and the US as well.That’s not to say inflation is now set to trend…
USD/JPY is trading almost 300 pips higher from its weekly open prices. And that’s after already pulling back down by 50 pips! In case you were paying attention to other FX pairs, you should know that the U.S. dollar has been making pips rain since the week started. Some possible reasons for USD’s strength include escalating Middle East tensions, global growth concerns, and traders cooling down their interest rate cut speculations from the major central banks. In USD/JPY’s case, the dollar received an extra boost from weak producer price pressures, shaky Japanese data, and traders adjusting their…
If you go by the chart, the break higher yesterday was a significant one for USD/JPY as it clears its 100-day moving average (red line) to push above 148.00. The key technical level is seen at 147.44, so keep above that and buyers will remain poised to extend the upside momentum in the pair from this week.USD/JPY vs US Treasury 10-year yields (%) daily chartPart of the catalyst for the move was also a jump higher in Treasury yields after the stronger US retail sales data yesterday. Of note, 10-year yields pushed above its own 200-day moving average of 4.085%…
Heads up, crude oil traders! A reversal might be in the cards for this commodity, and this pullback could provide an opportunity to catch the new trend. Check out these levels I’m watching on the hourly chart. WTI Crude Oil (USOIL) 1-hour Chart by TradingView WTI crude oil has been in selloff mode recently, thanks to a combination of risk-off flows and weaker demand expectations. It didn’t help that a surprise build was reported by the American Petroleum Institute, as private inventories rose by 483K barrels in the week ending January 12. Analysts had expected to see a draw of…
Share: Indian Rupee trades on a positive note as the US Dollar recovery stalls on Thursday. RBI’s Das said inflation is moderating, approaching the central bank’s 4% target while growth prospects remain robust. Investors will monitor the US data and Das’s speech at the annual World Economic Forum (WEF) in Davos. Indian Rupee (INR) recovers some lost ground on Thursday. The INR fell on Wednesday, driven by equities outflows and the stronger US dollar (USD). That being said, the US Dollar Index (DXY) rose to a one-month high as investors pare bets on aggressive rate cuts following the…