Author: FX
SP 500 & NAS100 PRICE FORECAST:Choppy Price Action and Indecision Returns as US Earnings Continues.Geopolitical Uncertainties and Robust US Data Give Market Participants a Headache as Evidenced by Retail Trader Sentiment.Rangebound trade for both the SPX and the Nasdaq 100 Cannot be Ruled Out for the Rest of the Week.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Most Read: Japanese Yen Price Action Setups: USD/JPY, GBP/JPY UpdateUS Indices have been choppy today with the S&P trading down 0.36% at the time of writing having fluctuated between gains and losses for the majority…
Tamarack Valley Energy declares CAD 0.0125 dividend Source link
© Reuters. (Reuters) -Fitch on Tuesday placed Israel’s sovereign debt rating of “A+” on rating watch negative and warned a major escalation of the ongoing conflict with the Palestinian Islamist group Hamas could result in a negative rating action. The ratings agency said the risk that others hostile to Israel could join the conflict at scale has risen significantly. Large-scale escalation, in addition to human loss, could result in significant additional military spending, destruction of infrastructure leading to a large deterioration of Israel’s credit metrics, according to Fitch. There has been a huge spike in the cost of insuring Israel’s…
Jim Jordan is trying to replace Kevin McCarthy as speaker of the House.Republicans have an extremely narrow majority and can only afford to lose 5 votes to get him into the position, assuming Democrats remain united.A few things to know about Jordan:He was one of the early members of the House Freedom Caucus, an antagonistic group that has John Boehner, the Repulican speaker from 2011-2015 “Jordan was a terrorist as a legislator going back to his days in the Ohio House and Senate… A terrorist. A legislative terrorist.”Amazingly, Jordan, who has been in congress for 16 years, has never passed…
Share: The trade-weighted US Dollar Index against a basket of 26 currencies is up more than 5% from its July low. Economists at the National Bank of Canada analyze Greenback’s outlook. Interest rate differentials support Dollar appreciation The USD’s strength has been supported by widening interest rate differentials with its major trading partners. US yields were driven higher by resilient inflation and stronger-than-expected payroll job creation. At this point, we still expect some USD appreciation until early 2024, which could be further boosted by renewed geopolitical tensions with the opening of a new front in an armed conflict,…
fokkebok/iStock via Getty Images Ørsted (OTCPK:DNNGY) said Tuesday it agreed to sell 50% of the Gode Wind 3 offshore wind farm in Germany to funds managed by Nuveen’s Glennmont Partners for €473M (nearly $500M). The deal includes the price for the stake purchase as well as a commitment from both companies to fund half of the construction costs. Gode Wind 3 is under construction alongside the Borkum Riffgrund 3 offshore wind farm, where Ørsted and Glennmont already are 50-50 owners; the two companies also co-own the Gode Wind 1 offshore wind farm. Gode Wind 3 is expected to enter commercial…
The Israel-Hamas war dominated developments across key commodity markets last week. Gold benefited from safe haven flows, and oil prices spiked. Risk appetite stabilized somewhat today, as investors watch efforts to contain the conflict. USOIL surged nearly 6% on Friday and posted a weekly gain of 5.9% amid concern that the conflict between Israel and Hamas would widen. UKOIL traded at $90.89 per barrel on Friday, but prices have settled down somewhat today. For now, investors are watching efforts to contain the conflict, and markets are not really pricing in the risk of a further escalation that could potentially threaten…
Gold (XAU/USD) Analysis, Prices, and ChartsMacro backdrop remains supportive for gold.The 200-day simple moving average is now in play. Recommended by Nick Cawley How to Trade Gold According to a range of media reports, US President Joe Biden and Israel’s government have agreed to a relief plan that ‘minimizes civilian casualties and enables humanitarian assistance to flow to civilians in Gaza in a way that does not benefit Hamas’, according to US Secretary of State, Antony Blinken. President Biden will visit Israel on Wednesday and will also go on to meet King Abdullah II of Jordan, Egyptian President Abdel Fatah…
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid/File Photo (Reuters) – Futures for Wall Street’s main stock indexes fell on Tuesday as investors assessed diplomatic efforts to contain the Middle east conflict, while gearing up for a slew of U.S. big bank earnings and economic data for insights into the economic health. U.S. President Joe Biden is set to make a high stakes visit to Israel on Wednesday, after Washington said Prime Minister Benjamin Netanyahu agreed to let humanitarian aid reach Gazans.…
The focus remained on the Middle East and the Israel-Hamas war. Attempts to contain the hostilities and prevent the conflict from escalating throughout the region provided some support for risk appetite to start the week. The VIX slipped to 17.45 after surging to 19.45 to end last week. Fed’s Harker says Fed should not be considering more rate increases. Expectations for more good earnings results also boosted Wall Street, as did some softening in the US Dollar, even as Treasury yields climbed. New Zealand inflation slowed more than economists expected in Q3, adding to signs that…