Author: FX
Is the relief today going to be a short-lived one? US futures are looking nervy now with S&P 500 futures up by just under 10 points, or 0.2%, currently. The gains earlier were as much as 0.7% with Nasdaq futures also trimming gains to just 0.7% now after having been over 1% higher earlier in the day.S&P 500 futuresDow futures are already marked down by 0.1% and this could be a sign that the mood music in tech might be swinging around as well. That despite the better earnings that we have seen from Intel and Amazon overnight.It looks like…
Share: EUR/GBP has reached the highest level since May. Economists at Danske Bank analyze the pair’s outlook. GBP headwinds to persist We expect the UK economy to perform relatively worse than the Euro area and the conclusion of the Bank of England hiking cycle to weigh on GBP. Near-term, we expect the cross to range trade on the back of little divergence in either the growth or monetary policy for the rest of the year. We lift our forecast profile for EUR/GBP slightly higher to 0.89 over the coming 12 months in light of the higher spot. Forecast:…
Article by IG Senior Market Analyst Axel RudolphFTSE 100, DAX 40, Russell 2000 Analysis and ChartsFTSE 100 remains under pressureThe FTSE 100 tries to remain above this week’s low at 7,323 but continues to be under immediate pressure whilst trading below Wednesday’s 7,430 high. Failure at 7,323 would put the 7,228 to 7,204 March-to-August lows back on the plate.While 7,323 underpins, the early September and early October lows at 7,369 to 7,384 are to be revisited. A rise above the next higher 7,430 high could lead to the May and early August lows at 7,433 to 7,438 being back in…
Japanese Yen Prices, Charts, and AnalysisBoJ meeting is key for the Yen.USD/JPY is testing the BoJ’s resolve.Download our Free Q4 Japanese Yen Forecast Recommended by Nick Cawley Get Your Free JPY Forecast The Federal Reserve, Bank of England and the Bank of Japan all announce their latest monetary policy decisions next week and it is the latter that is most likely to spark a fresh bout of volatility. While the Fed and the BoE are expected to leave all policy dials untouched, the BoJ may well tweak their current yield curve control policy and allow JGB yields to move higher.…
Barfresh Food Group reports Q3 results Source link
Stock market sentiment improved, and Asian equities bounced, alongside gains in European and US futures. Earnings reports helped tech stocks to stabilise, ahead of more key US data. The 10-year Treasury yield is up 3.2 bp at 4.88%, after strong GDP numbers yesterday. Eurozone bonds meanwhile continued to find buyers, after the ECB effectively confirmed yesterday that in the central scenario rates have peaked. The schedule for the re-investment of PEPP redemptions was also left untouched, which helped peripherals to outperform and spreads to come in. US economy expanded at its quickest pace in almost…
© Reuters. FILE PHOTO: The logo of Nomura Securities is seen at the company’s Head Office in Tokyo, Japan, November 28, 2016. REUTERS/Toru Hanai/File Photo TOKYO (Reuters) -Nomura Holdings, Japan’s biggest brokerage and investment bank, on Friday reported second-quarter net profit doubled, driven by a surge in equity offerings in a strong domestic stock market. July-September profit came in at 35.2 billion yen ($234.51 million), up from 16.8 billion yen a year earlier when a sharp downturn in global financial markets battered its asset management and investment banking businesses. While lethargic dealmaking and sluggish trading continued to suppress profits overseas,…
Bitcoin (BTC/USD) is consolidating in a chart pattern after mooning in the last few days! Does this mean that the king of crypto is ready for a reversal? Or are BTC bull just getting a breather? We’re taking a closer look at the 4-hour chart for clues: BTC/USD 4-Hour Forex Chart by TradingView If you’re wondering why the crypto bros that you’re following are suddenly posting again, it’s likely because bitcoin (BTC/USD) popped up from its sub-27,000 levels all the way to the 34,000 area in only a few days. Are you feeling FOMO over BTC/USD’s sharp upswing? We may…
It owes to some slight relief after Intel and Amazon reported better earnings, with Nasdaq futures seen up 0.8% currently. But that still pales in comparison to the 1.8% drop yesterday, in which the index took out its 200-day moving average (blue line) as well:Nasdaq Composite index daily chartThat’s not a good look for tech stocks but perhaps not all is lost just yet. The Nasdaq is running into support from its 100-week moving average at 12,573 with the 200-week moving average at 12,350 also in focus currently. Those will be the next two key levels to watch in the…
Share: Newly elected US House Speaker Mike Johnson said in a Fox News interview late Thursday that President Joe “Biden’s funding request for Ukraine and Israel should be handled separately.” “I think any stopgap spending bill should have conditions,” Johnson said. Market reaction At the time of writing, the US Dollar Index is trading modestly flat at around 106.50, undermined by an improving risk sentiment. Source link