Author: FX

© Reuters. An employee demonstrates a sample of crude oil in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 11, 2019. REUTERS/Vasily Fedosenko/Illustration/Files By Ahmad Ghaddar LONDON (Reuters) -Oil prices are set to end 2023 about 10% lower after two years of gains as geopolitical concerns, production cuts and central bank measures to rein in inflation triggered wild fluctuations in prices. On Friday, oil climbed after falling 3% the previous day as more shipping firms prepared to transit the Red Sea route. Major firms had stopped using Red…

Written by Axel Rudolph, Senior Market Analyst at IG Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter FTSE 100 consolidates below September and December highsThe FTSE 100 is expected to remain below its September and December highs at 7,747 to 7,769 on the last trading day of the year with markets closing early.UK house prices falling more than expected in December have not had much of an impact on the index which looks bid as trading begins.While Thursday’s low at 7,705 underpins, immediate upside pressure should…

Share: NZD/USD may revisit the five-month high at 0.6369 as the Kiwi Dollar cheers risk-on mood. The market sentiment is biased toward the dovish Fed’s stance following the lower US bond yields. RBNZ may maintain a hawkish stance due to the improved Consumer Confidence and Business Confidence data for November. NZD/USD hovers around 0.6350 during the European trading hours on Friday, grappling to approach the five-month high at 0.6369 marked on Thursday. The prevailing market sentiment, leaning towards the expectation of the Federal Reserve (Fed) cutting interest rates in the first quarter of 2024, is exerting pressure on…

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…

American Overseas Group GAAP EPS of $91.11, revenue of $14.84M Source link

The dollar index has been cruising lower in the past few days. Is there still a chance to catch a quick correction on the drop? Here are the pullback levels I’m eyeing on the 4-hour time frame. U.S. Dollar Index (USDX): 4-hour U.S. Dollar Index (USDX) 4-hour Chart by TV The Greenback has been trending lower against its forex rivals recently, thanks mostly to stronger expectations of interest rate cuts from the Fed next year. Recall that the December FOMC meeting hinted at possibly three rate cuts in 2024, weighing on demand for the U.S. currency while also boosting risk-on…

© Reuters. A Boeing 737 MAX 8 aircraft bearing the logo of China Southern Airlines is parked at a Boeing production facility in Renton, Washington, U.S. March 11, 2019. REUTERS/David Ryder/File Photo BEIJING (Reuters) – All civil airlines in China have resumed operating their 737 MAX planes, according to a social media post by the U.S. aircraft manufacturer on Friday morning. The post, issued by Liu Qing, the CEO of Boeing (NYSE:) China, also said the company has delivered new planes to Chinese clients, a positive sign of the industry’s recovery and growth. Source link

Share: GBP/USD is set to extend its bullish momentum to 1.3500 next year, the Head of global FX at Goldman Sachs said in his latest note, citing correlation with equities and diminishing fears of global recession. Key quotes GBP has a “reliably positive relationship with higher equity prices.” “Sterling’s recent rise is of course partly about the broader dollar weakness, but since early November the pound has also strengthened on a trade-weighted basis because it tends to do especially well in an environment of moderating interest rate volatility and buoyant equity prices.” “That has been the backdrop since…

In the ever-evolving world of trading, having access to accurate data and reliable indicators is crucial for making informed decisions. One such tool that has gained significant popularity among traders is the FiboPivot V2 MT5 Indicator. In this article, we will delve into the depths of this indicator, exploring its features, benefits, and how it can be effectively used in trading. Whether you are a seasoned trader or just starting, understanding the FiboPivot V2 MT5 Indicator can potentially enhance your trading strategy. What is the FiboPivot V2 MT5 Indicator? The FiboPivot V2 MT5 Indicator is a powerful technical analysis tool…

juststock NKGen Biotech (NASDAQ:NKGN) said it has dosed its first patient in a Phase 1/2a study of its cell therapy SNK01 in the treatment of moderate Alzheimer’s disease, AD. The biotech company said the Phase 1 portion of the study will help determine the maximum tolerated and/or recommended dose for the Phase 2 portion, which will be a randomized double-blind trial evaluating the safety and efficacy of the treatment in AD. NKGen said the first patient received a dose of 6 billion cells, 50% more than the maximum dose in a prior Phase 1 study. The company said it hopes…