Author: FX
2/2 © Reuters. FILE PHOTO: Venezuela’s President Nicolas Maduro gestures during a meeting with Colombia’s Ambassador to Venezuela Milton Rengifo (not pictured), at Miraflores Palace, in Caracas, Venezuela August 16, 2023. REUTERS/Leonardo Fernandez Viloria/File Photo 2/2 By Kiana Wilburg, Vivian Sequera and Julia Symmes Cobb KINGSTOWN, Saint Vincent and the Grenadines (Reuters) -Guyana and Venezuela on Thursday agreed to avoid any use of force and to not escalate tensions in their long-running dispute over the oil-rich Esequibo area after a meeting between their heads of state in Saint Vincent and the Grenadines. The 160,000-square-km (62,000-square-mile) region is generally recognized as…
toxawww/iStock via Getty Images Update 9:32pm: Adds Global Payments comment. Shift4Payments (NYSE:FOUR) rose 4.7% amid a report that Global Payments (NYSE:GPN) is evaluating a purchase of the company. Global Payments fell 2.6%. Global Payments (GPN) is working with an adviser as it looks at he possiblity of an acquisition, according to a Bloomberg report on Thursday, which cited people familiar with the matter. Global Payments (GPN) said it isn’t in talks with Shift4 (FOUR) about any transaction following a report earlier that the company was evaluating a purchase of Shift4. “Although we typically do not respond to market speculation or…
GOLD PRICE OUTLOOKGold prices push higher and challenge critical resistance, supported by falling yields and a weakening U.S. dollarThe Fed’s dovish pivot can be seen as a bullish catalyst for precious metals, but caution is warranted as markets are getting overextendedThis article analyzes XAU/USD’s technical outlook, examining major price thresholds worth watching in the coming days Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: US Dollar Demolished by Fed’s Dovish Pivot, Tech Setups on EUR/USD and USD/JPYGold prices (XAU/USD) gained ground on Thursday, rising…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2% and some think it could widen to 3% this year. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against…
In the fast-paced world of forex trading, having the right tools at your disposal can make all the difference between success and failure. One such tool that has gained significant attention among traders is the Breakout Zones MT5 Indicator. In this article, we will delve into the details of this powerful indicator, exploring its functionality, benefits, and how you can use it to enhance your trading strategy. Understanding Breakout Zones What is the Breakout Zones MT5 Indicator? The Breakout Zones MT5 Indicator is a technical analysis tool designed for the MetaTrader 5 platform. It assists traders in identifying potential breakout…
Share: The GBP/JPY has rebounded into the 181.00 handle after Wednesday’s decline into nine-week lows. BoE held rates steady on Thursday, but sees ongoing inflation fight looking forward. Friday to close out the trading week with UK PMIs. The GBP/JPY is back into the 181.00 handle heading into Friday’s trading session, with the pair bouncing from nine-week lows hit early on Thursday as the Pound Sterling (GBP) struggles against the Japanese Yen (JPY). The GBP is steeply off recent highs against the Yen, but the GBP/JPY caught a much-needed bounce on Thursday after a hawkish Bank of England…
Oil Dri declares $0.29 dividend Source link
© Reuters. FILE PHOTO: Charles McGonigal, a former FBI official who has been charged with working for sanctioned Russian oligarch Oleg Deripaska, arrives at Federal Court in New York City, U.S., March 8, 2023. REUTERS/Brendan McDermid/File Photo By Luc Cohen NEW YORK (Reuters) -A former FBI official was sentenced to over four years in prison on Thursday after previously pleading guilty to working for Oleg Deripaska, a Russian oligarch under U.S. sanctions whom prosecutors have called President Vladimir Putin’s “henchman.” Charles McGonigal, who led the counterintelligence division of the FBI’s New York field office from 2016 through his retirement in…
US DOLLAR FORECASTThe U.S. dollar extends its retracement on Thursday, dragged lower by falling U.S. Treasury yieldsThe Fed’s pivot has sparked a dovish repricing of interest rate expectationsThis article examines the technical outlook for EUR/USD and USD/JPYMost Read: US Dollar Sinks on Fed Dovish Pivot, Setups on EUR/USD, USD/JPY, GBP/USDThe U.S. dollar, as measured by the DXY index, extended its retracement on Thursday, sinking below that 102.00 mark and reaching its lowest level since early August. This selloff was the result of the collapse in U.S. Treasury yields, triggered by the Fed’s dovish posture at its December meeting, which seems…
AUD/USD ANALYSIS & TALKING POINTSAussie stays bid despite solid US retail sales.Australian and US PMI’s in focus tomorrow.AUD/USD breakout may be short-lived as bearish divergence comes into play.Elevate your trading skills and gain a competitive edge. Get your hands on the AUSTRALIAN DOLLAR Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe Australian dollar saw a massive uptick as the pro-growth currency capitalized on the Federal Reserve’s interest rate decision yesterday. The announcement to hold rates was not unexpected…