Author: FX
2/2 © Reuters. An RAF Typhoon aircraft is pictured at RAF Akrotiri following its return after striking military targets in Yemen during the U.S.-led coalition operation, aimed at the Iran-backed Houthi militia that has been targeting international shipping in the Red Se 2/2 By Phil Stewart, Idrees Ali and Mohammed Ghobari WASHINGTON/ADEN, Yemen (Reuters) -U.S. and British warplanes, ships and submarines launched dozens of air strikes across Yemen overnight in retaliation against Iran-backed Houthi forces for attacks on Red Sea shipping, widening regional conflict stemming from Israel’s war in Gaza. Witnesses confirmed explosions at military bases near airports in the…
With the US and UK carrying out strikes in Yemen, the tensions in the Middle East is pushing oil prices higher on the day. Oil tankers are reportedly avoiding passage through the Red Sea in order to stay away from the conflict that is adding to the situation at the moment. And when you look at the technical picture, the fundamental developments really couldn’t have been timed better for oil:WTI crude oil weekly chartOnce again, prices have managed to stave off a drop below the 200-week moving average (green line) and that looks to be the case now in back-to-back…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, CAC 40, Russell 2000, Analysis and Charts Recommended by IG Get Your Free Equities Forecast FTSE 100 tries to recover amid slightly better month-on-month GDP readingThe FTSE 100, which Thursday dropped to the 200-day simple moving average (SMA) at 7,573 on a higher-than-expected US CPI inflation reading, tries to recover on the last trading day of the week amid a decent month-on-month performance on UK GDP which was negated by a drop of the 3-month average.Resistance sits at last week’s 7,635 to 7,647 lows ahead of Thursday’s 7,694 high. Downside pressure…
Share: Pound Sterling experiences a sell-off after mixed UK factory data. The UK economy is expected to report a technical recession despite 0.3% growth in November GDP. Investors await the US PPI, UK labor market and inflation data for further action. The Pound Sterling (GBP) faces a correction after the United Kingdom Office for National Statistics (ONS) reported mixed factory data for November. Monthly growth in the manufacturing sector was slightly higher while annual data failed to match expectations. Overall economic data was slightly better than expectations but seems incapable of taming fears of a technical recession happening in the UK economy.…
UK GDP (November), Pound Sterling AnalysisUK GDP shows signs of potential via latest November dataGBP little changed but holds gains heading into the weekendUK and US conduct joint strike of Houthi military targets in YemenThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryUK GDP Shows Signs of Potential via Latest November DataUK GDP rose more than expected in November 2023, mainly boosted by the services sector and marginal improvements in production output. However, the main concern is around how the economy fared over the final…
SemiLEDs GAAP EPS of -$0.12, revenue of $1.65M; issues Q2 revenue outlook Source link
© Reuters. A Burberry store is seen in London, Britain, January 16, 2023. REUTERS/Peter Nicholls/File Photo LONDON (Reuters) – British luxury fashion brand Burberry on Friday warned that its annual results would be below previous guidance, blaming a further slowdown in demand that hit sales in the key December trading period. The group now expects full-year adjusted operating profit in a range between 410 million pounds ($523 million) and 460 million pounds. Retail revenue in the 13 weeks to Dec. 30 was down 7% at 706 million pounds while comparable store sales fell 4%. They were up 3% in the…
Something is climbing the charts, and it’s not Jack Harlow’s “Lovin On Me.” I’m talking about EUR/CHF yo! After breaking above its December consolidation, the pair looks set to test one or two potential resistance levels. Where do you think EUR bears will show up to play? EUR/CHF Daily Forex Chart by TV If you zoom in on the 4-hour time frame, you’ll see that EUR/CHF recently broke above a consolidation that started near the end of December 2023. EUR/CHF is currently trading at the .9350 near the Pivot Point level (.9360) in the daily time frame. How high can…
On the initial reaction to the US CPI data yesterday, 10-year Treasury yields jumped from 3.99% to 4.06% before ultimately settling lower below the 4% mark. That’s the sort of thing which is seeing bond sellers go out on a whimper after the action from last week. It comes as yields fail to take out a key technical level in the form of the 200-day moving average (blue line):US Treasury 10-year yields (%) daily chartThe data yesterday was supposed to be a trigger event of sorts to tide yields across the key technical hurdle. And we even got decently higher…
Share: WTI price moves upward over the escalation of the Israel-Gaza conflict. US and UK military forces have carried out air strikes against various Houthi locations in Yemen. Iran has captured a civilian oil tanker “Marshall Islands-flagged St Nikolas” carrying Iraqi Crude destined for Turkey. The improved Chinese Trade Balance data could support reinforcing the Crude oil prices. West Texas Intermediate (WTI) price rises on the second consecutive day, driven by heightened concerns over potential oil supply disruptions in the Red Sea. Air strikes carried out by the United States (US) and United Kingdom (UK) targeted Iran-backed Houthis…