Author: FX
Jibun / S&P Global Preliminary October PMIs for Japan:Manufacturing 48.5 vs. 48.5 priorquickest fall in 8 monthsServices 51.1 vs. 53.8 priorComposite 49.9 vs prior 52.1lowest since December 2022 This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: The latest data on Tuesday showed that the preliminary S&P Global Australian Services PMI posted 47.6 in October from 51.8 in September. On the other hand, the Manufacturing PMI eased to 48.0 from 48.7 in the previous reading. Furthermore, the Composite Index came in at 47.3 versus 51.5 prior. Market reaction At the press time, the AUD/USD pair is losing 0.03% on the day to trade at 0.6334. Source link
DXY, GBP/USD PRICE, CHARTS AND ANALYSIS:GBP/USD Looks to Recover with a Trendline Break Pending and UK Labor Data Ahead Tomorrow.US Dollar Index Retreat a Welcome for Cable Bulls as Geopolitical Concerns Linger.IG Client Sentiment Shows Retail Traders are Net Long on Cable. As We Take a Contrarian View to Client Sentiment at DailyFX, Are We in for Further Downside?To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Read More: Bitcoin Breaks Psychological 30k Level as Spot ETF Approval Hopes GrowElevate your trading skills and gain a competitive edge. Get your hands on the…
Business Outlook For the fourth quarter of 2023, the company expects total revenue in the range of $1.039 billion to $1.079 billion, vs. consensus of $1.07B. Fourth quarter GAAP operating margin is expected to be approximately 31 percent and GAAP net income per diluted share is expected to be in the range of $0.85 to $0.91. Using the non-GAAP measures defined below, operating margin is expected to be approximately 42 percent and net income per diluted share is expected to be in the range of $1.30 to $1.36, vs. consensus of $1.37. For fiscal year 2023, the company expects total…
No piece of legislation — crypto-related or otherwise — has largely been able to move through the United States Congress since Oct. 3, when lawmakers voted to oust then-Speaker of the House of Representatives Kevin McCarthy. This marks the first time in U.S. history that the legislative body has been without elected leadership, with no definitive plan to fill the slot. At the time of publication, there are several candidates in the running for the third most powerful role in the U.S. government, but it’s unclear if any of them have enough support from Republican lawmakers — the political party…
The EURGBP – a major cross-currency pair – has seen up-and-down price action today. The initial low found support near the low of a swing area and 0.86982. The subsequent move back to the upside took the price up to 0.8725 before rotating back down again to retest the low from earlier today. Now, the 100-hour moving average has joined the glow of the swing area at the 0.8698 level. Just below that level sits the 200-day moving average of 0.86943.So the support from the low of the swing area, the rising 100-hour moving average, and even the 200-day moving…
Share: Japanese Yen continues giving ground against the US Dollar, with USD/JPY coiling up below 150 and threatening to break higher. Dovish comments from BoJ’s governor Ueda propelled the last push higher for USD/JPY. Intervention from Japanese authorities possible as key price and yield levels now approaching or touched. The Japanese Yen (JPY) gives ground against the US Dollar (USD) on Monday, with the USD/JPY pair coiling up below the key 150 level and threatening to breakout higher as the dominant uptrend extends. Comments from Bank of Japan (BoJ) governor Katsuo Ueda fueled the recent rise in the…
With all the crazy moves in the markets these days, I’m pretty sure some are staring at large drawdowns or even dealing with a completely blown trading account. Instead of crying in the corner, keep in mind that blowing up an account is a lot more common than you think. You’ve probably heard of the saying that 90% of traders fail in their first year. Now, I don’t know how accurate that is, but sad to say, I’m inclined to believe that it’s true. I myself have blown up a fair share of accounts, committing all the mortal trading sins in…
Chinese e-commerce platforms said to be big offering discounts on Apple's latest iPhone Source link
Gold (XAU/USD) Analysis, Prices, and ChartsUS bond yields hit fresh multi-year highs.Gold readying for another shot at $2k.Learn How to Trade Gold with our Free Guide Recommended by Nick Cawley How to Trade Gold DailyFX Economic CalendarThe precious metal made an attempt to break $2,000/oz. late Friday but was unable to keep the momentum going for long enough. The ongoing crisis in the Middle East remains the driving force behind the recent gold rally as haven buyers boost the price of the precious metal. Gold is now consolidating around $1,980/oz. and looks set to re-test big figure resistance in the…