Author: FX
GOLD PRICE (XAU/USD), AUD/USD FORECAST:Gold prices climb and challenge technical resistance on the back of falling U.S. yields and U.S. dollar softnessAUD/USD also pushes higher, breaking above its 200-day simple moving averageThis article looks at key technical levels to watch on XAU/USD and AUD/USD this weekMost Read: US Dollar Forecast – PCE, Powell to Set Market Tone, Setups on EUR/USD, USD/JPY Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter GOLD PRICE TECHNICAL ANALYSISGold prices climbed on Monday, buoyed by the drop in U.S. yields and the…
AUD/CAD is looking ripe for potential technical based opportunities with a solid uptrend in play and clear areas of strong interest. Where may the bulls and bears play next to keep or break the move higher? AUD/CAD 4-Hour Chart by TradingView Directional biases and volatility conditions in market price are typically driven by fundamentals. If you lack a fundamental-based price outlook for AUD/CAD, then it’s time to do some digging by checking out the forex calendar and stay updated on daily fundamental news! After you’ve done your homework and if you think Aussie will out perform the Loonie this week,…
Tippapatt First Busey Corp. (NASDAQ:BUSE) has agreed to acquire Merchants & Manufacturers Bank in a deal with an aggregate implied deal value of about $41.6M, the community lenders said Monday. The move is set to enhance Busey’s (BUSE) growing suburban Chicago market footprint by expanding the company’s deposit market share in DuPage and Will Counties, while bolstering its commercial banking relationships and wealth management capabilities. Under the terms of the agreement, M&M’s stockholders will have the right to elect to receive either $117.74 in cash, 5.7294 shares of Busey (BUSE) common stock, or mixed consideration of $34.55 in cash and…
Zscaler (NASDAQ:ZS) Posts Better-Than-Expected Q1 But Stock Drops Cloud security platform Zscaler (NASDAQ:) reported Q1 FY2024 results topping analysts’ expectations, with revenue up 39.7% year on year to $496.7 million. Guidance for next quarter’s revenue was also better than expected at $506 million at the midpoint, 1.7% above analysts’ estimates. It made a non-GAAP profit of $0.67 per share, improving from its profit of $0.29 per share in the same quarter last year. Is now the time to buy Zscaler? Find out by reading the original article on StockStory. Zscaler (ZS) Q1 FY2024 Highlights:Revenue: $496.7 million vs analyst estimates of…
The Reserve Bank of New Zealand’s latest monetary policy statement is coming up fast, so you’d better catch up quick before the market moves without or against you! Check out our latest RBNZ scouting report before working on your next Kiwi risk management plans! This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact economic event trading guides Access to exclusive MarketMilk™ sections Plus More! Source link
The EURUSD high for the day stalled at the 61.8% retracement of the 2023 trading range. The level came in at 1.0959. Last week the price did extend above that level but only by about 4 or 5 pips before rotating back to the downside. So for the 2nd time in less than one week, the 61.8% retracement has done a pretty good job of stalling the rally.On the downside, the low today came in at 1.0925. That was near the high of a swing area. Below that and traders would start to look toward the 100 hour moving average…
Share: The USD/CHF briefly tested below 0.8800 on Monday before recovering. Despite a steady drift lower, the US Dollar continues to find support against the Swiss Franc. Plenty of back-and-forth for the USD/CHF between Swiss and US economic data releases. The USD/CHF saw a dip back below the 0.8800 price level in Monday’s thin trading, and the US Dollar (USD) made a quick recovery against the Swiss Franc (CHF) as investors push towards the middle. Monday is seeing thin, steady markets as investors gear up for a hectic latter half of the week on the economic calendar, with…
Oil (Brent, WTI) News and AnalysisDelayed OPEC+ meeting to take place on Thursday at 13:00 GMT – individual quotas and supply cuts remain central to the meetingBrent crude prices head lower after notable rejection at the intersection of the crucial $82 level and the 200 SMAWTI flat ahead of OPEC meeting but the potential for a bullish surprise depends on OPEC cutsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryDelayed OPEC Meeting Set for Thursday as Quota Agreement NearsLast Wednesday, Brent crude oil was particularly…
COCP and ATHE among Health Care movers Source link
© Reuters. CANADA – Public markets in Canada are experiencing a noticeable contraction, highlighted by a significant capital outflow and a reduction in the number of companies listed on the Toronto Stock Exchange (TSX). Bloomberg’s recent analysis revealed that $12.5 billion has been wiped off the TSX this year, with 19 companies either being privatized or declaring bankruptcy. Among the most notable exits are Summit Industrial Income REIT and Home Capital Group Inc. The pace at which new stocks are entering the market is also slowing down. This year, there has been only one initial public offering (IPO) on the…