Author: FX
Share: The Euro is broadly higher on Wednesday, gaining ground across the board. ECB’s de Guindos noted that the Eurozone could be in a technical recession. Still-firm Unemployment Rate bolstering Euro even as it swamps out ECB rate cut hopes. The Euro (EUR) saw thin but insistent broad-market gains on Wednesday, climbing against the rest of the major currency bloc in thin markets on equally thin data, with Tuesday’s Eurozone Unemployment Rate continuing to bolster the Euro as investors shrug off bearishly cautionary statements from European Central Bank (ECB) policymakers. Europe saw its November Unemployment Rate tick lower…
MUI–BlackRock Municipal Income Fund, IncMUC–BlackRock MuniHoldings California Quality Fund, Inc.MUJ–BlackRock MuniHoldings New Jersey Quality Fund, Inc.MHN–BlackRock MuniHoldings New York Quality Fund, Inc.MYN–BlackRock MuniYield New York Quality Fund, Inc. Source link
US DOLLAR, EUR/USD, GBP/USD, NASDAQ 100 FORECASTU.S. dollar softens amid mixed Treasury yields ahead of key U.S. inflation data on ThursdayThe Nasdaq 100, meanwhile, treks upwards but the move lacks strong conviction, with traders avoiding large directional positions before assessing the next CPI reportThis article focuses on the technical outlook for EUR/USD, GBP/USD and the Nasdaq 100 Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: Gold Price and USD/JPY Forecast – US Inflation Outcome to Drive Market DirectionThe U.S. dollar was somewhat subdued on…
3/3 © Reuters. Members of the media stand by Camille Pissarro’s 1897 “Rue Saint-Honore in the Afternoon. Effect of Rain” at Thyssen-Bornemisza museum in Madrid, Spain, January 10, 2024. REUTERS/Susana Vera 2/3 By Catarina Demony and Elena Rodriguez MADRID (Reuters) – One of Spain’s top museums welcomed a U.S. court decision allowing it to keep a French impressionist painting looted from a Jewish woman by the Nazis, which the museum said it had bought decades later in a transparent way. Tuesday’s decision by a California appeals court concerned one of the oldest Nazi art theft cases, which began in 2005…
The Japanese Yen Talking PointsUSD/JPY edges back above the 145.00 markJapan’s latest wage data cast doubt on durable domestic demand riseUS CPI numbers will be the next major market hurdleThe Japanese Yen has fallen back to mid-December’s lows against the US dollar on Wednesday as more weak wage data out of Japan weigh on any idea that tighter monetary policy there could be coming anytime soon.Japanese workers’ real, inflation-adjusted wages were found to have slipped for a thirteenth straight month in November, according to official figures. Indeed, they were down an annualized 3%, after falling 2.3% in October. Nominal pay…
The USDCHF is trading at a very narrow point to perpetrating range today. Below comes in near 0.8512. The high comes in near 0.8534. That’s not a lot. So why bother?The windshield is bigger than the rearview mirror. In other words what the hand is more important than what’s behind. Although you can gather some pretty neat information from the rearview mirror as well. One simple idea is that a non-trending market will transition into a more trending market given time. Markets just don’t go up and down, up and down in a 22 PIP trading range forever. There are…
Gold, Silver Technical Analysis Recommended by Richard Snow Get Your Free Gold Forecast US Inflation Data Brings Real Interest Rates into FocusThe end of 2023 and the start of 2024 presents an environment that is broadly supportive of gold prices. Interest rates are expected to be cut back aggressively, as such, the US dollar and Treasury bond yields have been in broad decline. Since gold is a non-interest-bearing asset, it can often become more appealing during times when interest rates are falling (or expected to fall soon) as the opportunity cost of holding the precious metal declines.The one issue here…
Share: While testifying before the UK Treasury Select Committee, Bank of England (BoE) Governor Andrew Bailey reiterated that it’s important to return the UK to the inflation target. Bailey added that UK households with mortgages are nowhere near as stretched as during the global financial crisis, adding that household incomes have risen in recent months. He noted that the tragic event in the Middle East haven’t yet had a big economic impact but added that they were watching them closely. Market reaction These comments don’t seem to have triggered a noticeable reaction in GBP/USD. As of writing, the…
Bitcoin (BTC) Prices, Charts, and Analysis:SEC fake X (tweet) shambles add to Bitcoin volatility.Ethereum outperforms Bitcoin after months of losses. Recommended by Nick Cawley Get Your Free Introduction To Cryptocurrency Trading Bitcoin (BTC/USD) Pumping Higher as SEC ETF Deadline NearsThe Bitcoin ETF decision process took a comical turn yesterday after a false SEC X hit the screens saying that the US regulator had approved a raft of ETFs, only to pull the announcement minutes later saying that their X account had been hacked.SEC False TweetSEC Retraction Recommended by Nick Cawley Get Your Free Bitcoin Forecast The false announcement sent BTC/USD…
© Reuters. FILE PHOTO: View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg, Germany, November 2, 2023. REUTERS/Fabian Bimmer/File Photo By Rene Wagner and Tom Sims BERLIN (Reuters) -The outlook for Germany’s construction sector is grim for 2024, according to two prominent research institutes on Wednesday, a further bad sign for the nation’s struggling property industry as it suffers its worst crisis in decades. German construction spending is set to fall in 2024 for the first time since the financial crisis, according to a study by the DIW economic…