Author: FX
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Gold (XAU/USD) Analysis, Prices, and ChartsPowell not confident that the Fed has done enough to get inflation down to target.US 30-year bond sale floundered, sending yields sharply higher.DailyFX Economic CalendarFederal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%).‘If it becomes appropriate to tighten policy further, we will not hesitate to do so,’ Powell said, before adding that the Fed ‘will continue to move carefully, however, allowing us to address…
Creative Realities reports mixed Q3 earnings; initiates Q4 and FY24 outlook Source link
Article by IG Senior Market Analyst Axel RudolphFTSE 100, S&P 500, Russell 2000 Analysis and ChartsFTSE 100 recovery runs out of streamThe FTSE 100 has come off Thursday’s 7,466 high amid hawkish comments by the US Federal Reserve (Fed) Chair Jerome Powell and as the British economy stalls in the third quarter. So far the blue chip index remains above Thursday’s low at 7,363, though. As long as it does, overall upside momentum should remain in play. On a rise above this week’s high at 7,466 last week’s high at 7,484 and the 55-day simple moving average at 7,503 would…
© Reuters. Mrs Bectors Food Specialities Ltd., under the leadership of Anoop Bector, released its second-quarter fiscal year 2024 (Q2FY24) financial results, highlighting significant growth in the biscuit and bakery segments. The company also outlined plans for distribution expansion, primarily in North India. The company reported a consolidated net profit of Rs 37.28 crore, a substantial increase of 70.15 percent from Rs 21.91 crore recorded in Q2FY23. Total revenue for the quarter climbed to Rs 414.5 crore, marking a 19.3 percent rise from Rs 347.3 crore in Q2FY23. In the biscuit segment, which includes both domestic and export markets, revenues…
AUD/USD News and AnalysisRBA struggling to judge inflation risks as the RBA restarts hikes for second timeAUD/USD continues to move lower after rate hike was largely priced inFutures market anticipates no rate cuts next year with potential for one more hikeThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free AUD Forecast RBA Still Struggling to Judge Inflation RisksThe RBA has paused and resumed rate hikes twice this year with this month seeing another 25 bps hike despite discussions…
Oil set for third weekly decline as Middle East conflict concerns ebbFULL STORYOil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed, allowing demand worries to reassert themselves.”The threat of disruptions to supplies from the Middle East continues to fall,” ANZ Research said in a note on Friday.”The conflict remains well contained within Gaza, despite concerns it would escalate as neighbouring Arab nations show their displeasure.”The White House said on Thursday that Israel had agreed to pause military operations in parts of north…
POUND STERLING ANALYSIS & TALKING POINTSDon’t be fooled by UK GDP beat!Low growth environment weighs negatively on pound.GBP/USD bears eye bear flag breakout.Elevate your trading skills and gain a competitive edge. Get your hands on the British Pound 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 GBP Forecast GBPUSD FUNDAMENTAL BACKDROPThe British pound was relatively unchanged after the UK GDP report (see economic calendar below) beat forecasts on most metrics. That being said, the broader picture shows a struggling economy that remains depressed with…
Share: UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia expect EUR/USD to maintain a consolidative mood in the next few weeks. Key Quotes 24-hour view: We highlighted yesterday that EUR “is likely to edge higher but is unlikely to break above 1.0755.” However, after rising to 1.0725, EUR fell sharply to a low of 1.0658. The decline has scope to dip below 1.0640, but the next support at 1.0620 is unlikely to come under threat. On the upside, if EUR breaks above 1.0705 (minor resistance is at 1.0690), it would indicate that the current…
Happy Friyay, forex friends! Can’t get enough of trading USD-related pairs? Check out EUR/USD finding buyers near an area of interest! EUR/USD 4-Hour Forex Chart by TradingView EUR/USD has been trading inside a wide range since ending a months-long downtrend at the 1.0500 psychological level. We’re taking a closer look at the pair today because the pair just turned lower from the 1.0750 area of interest and it looks like the 4-hour Pivot Point line (1.0660) is doing a good job of holding off further EUR/USD selling. Will EUR/USD bounce from the 1.0660 inflection point for a third time and…