Author: FX
Share: USD/NOK struck a high since late May on Thursday of 11.276. On Friday, the pair retreated to 11.170, seeing 0.20% losses. The Greenback trades soft in FX markets after PCE data from September. In Friday’s session, the USD/NOK trades with losses, mainly driven by investors taking profits after the pair jumped to its highest level since May 31 on Thursday. Contributing to the downward trajectory, the US Dollar is trading weak after the September Core Personal Consumption Expenditures was reported to have decelerated as expected. In line with that, the U.S. Bureau of Economic Analysis reported that…
The WTI crude oil settles above the August high of $84.85The price of WTI crude futures is settling at $85.54, up $2.33 or 2.80%. That is above the August high of $84.85 tilting a bias more to the upside.Looking at the daily chart, the low prices this week stalled the fall near the low of a swing area between 0.8235 and 0.8332 (See red numbers circled in yellow area). Staying above those levels gave the buyers some hope.Fundamentals remain a driving force. On declines, the markets are worried about slower global economic growth and a de-escalation of Middle East anxiety.…
The EURUSD buyers tried to tilt the technical bias to the upside today with a move above its 200-hour moving average at 1.0580 and it’s 100-hour moving average 1.0589. The price also moved above the 50% midpoint of the move up from the October 13 low at 1.0594. However, momentum above the levels could not be sustained. The high price reached 1.0596 and rotated back to the downside. The current price is trading at 1.0561.Going into the new trading week, those 2 moving averages (and 50% retracement), will be the barometer for more bullish and bearish. Moving above those levels,…
Share: WTI is seeing some back-and-forth for Friday. US Crude Oil barrels bounding between $85.00 and $83.00 per barrel. Oil markets remain concerned about Middle East tensions, but global slowdown hard to ignore. West Texas Intermediary (WT) Crude Oil barrels are seeing some tension in the midrange on Friday, in play between $85.00 and $83.00 USD per barrel as energy markets spread their bets to the middle. Oil markets continue to roil as Middle East headlines print across the tape, and barrel traders remain focused on developments in the Gaza Strip conflict. Two separate Egyptian Red Sea towns…
NASDAQ 100 FORECAST:The Nasdaq 100 rebounds off technical support heading into the weekend following a selloff in the previous trading sessionsAmazon leads the charge higher thanks to solid corporate earningsDespite the positive mood on Wall Street, market risks remain elevated ahead of the Fed decision next Wednesday Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: USD Breaking News – Dollar Index Slides as PCE Data Declines in Line with EstimatesThe Nasdaq 100 staged a moderate comeback on Friday after a large selloff in previous…
Old Point Financial GAAP EPS of $0.27, revenue of $14.95M Source link
© Reuters. FILE PHOTO: Traders work on the floor as screens display the logo for Chevron Corp. and Hess Corp. at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. REUTERS/Brendan McDermid/File Photo (Reuters) – U.S. investors remained net sellers of equity funds in the week to Oct. 25 driven by higher bond yields and concerns over the Israel-Hamas conflict. According to LSEG data, investors divested a net $2.69 billion worth of U.S. equity funds in the week, registering their sixth consecutive week of net selling. The yield on U.S. 10-year Treasury bonds climbed to…
US Core PCE Key Points:MOST READ: Oil Price Forecast: WTI Rangebound as Demand Concerns Resurface. $80 a Barrel Incoming?Elevate your trading skills and gain a competitive edge. Get your hands on the US Dollar Q4 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar. Recommended by Zain Vawda Get Your Free USD Forecast Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the Bureau of Economic Analysis. This comes following a 0.4% increase in August and beating the market consensus of a 0.5%…
In trading, entering a position means that you’re confident enough in your idea to bet money on it. You manage your risks by studying the current economic themes, plotting key chart levels, and preparing for different price reactions. By the time you enter a trade, you’ll have enough confidence in your biases to bet against the market (you think the current market prices are wrong) and do so with your hard-earned moolah. This is a good thing. Being confident in your idea will help your execution. It will help you pull the trigger even when you’re on a losing streak, press trades when needed, and stick…
Japan’s Nikkei Stock Average experienced a notable 1.3% surge, last trading at a solid 30,990. This surge in the Japanese index appears to be influenced by the positive performance of US stock index futures, which often serve as a harbinger of improved risk appetite in global markets. As traders keep a close watch on the economic landscape, US economic data, particularly personal income and spending figures scheduled for release later today, are expected to be a focal point. Among the stars of the day on the benchmark JPN225 index, we saw Fujitsu soaring impressively by 12.0%. Similarly, Nomura Research Institute…