Author: FX
Bitcoin (BTC) Prices, Charts, and Analysis:Have global interest rates peaked?Bitcoin is unable to break the 200-day simple moving average.Download our Q4 Bitcoin Forecast for Free Recommended by Nick Cawley Get Your Free Bitcoin Forecast Bitcoin is trapped in a wide $25k – $32k range and is finding it difficult to make a concerted attempt at either support or resistance. The backdrop for the cryptocurrency market should be mildly positive with a raft of spot BTC and ETH ETFs expected shortly, while global interest rates are seen at, or very close to, their peaks. The latest raft of Fed speak has…
US:The Fed left interest rates unchanged as expected at the last meeting.The macroeconomic projections were revised higher as the economy showed much stronger resilience than expected and the Dot Plot showed that the majority of members still expects another rate hike by the end of the year with less rate cuts in 2024.Fed Chair Powell reaffirmed their data dependency but added that they will proceed carefully. The latest US Core PCE came in line with expectations with disinflation continuing steady.The labour market remains fairly solid as seen last week with another strong beat in Jobless Claims and the NFP report.The…
Share: European Central Bank (ECB) Governing Council member and Bank of France President, Francois Villeroy de Galhau, said on Thursday that “Monetary patience is more important than activism at present.” Additional takeaways Duration more important than level. If we can ensure a soft-landing it’s a much better route. Market reaction The ECB commentary fails to have any impact the Euro, as EUR/USD keeps its range at around 1.0620 so far this Tuesday. Source link
Stock markets moved higher across Asia, with the Hang Seng outperforming again as tech stocks strengthen. China stimulus hopes are also helping, and the CSI300 lifted 0.9%. The JPN225 bounced 1.8% after a stronger close on Wall Street yesterday. Last night, FOMC minutes were largely in line with expectations and what came out of the September policy meeting and dot plot. Expectations the FOMC and likely the ECB and BoE were at peak rates continued to keep a bid in bonds. Most Treasury yields richened for a fourth day out of the last five as…
Astria Therapeutics prices $64 million securities offering Source link
Crude Oil, WTI, Brent, API, EIA, Fed, FOMC, US Dollar, US CPI – Talking PointsCrude oil is struggling going into Thursday as the market awaits inventory dataThe Fed has been consistent in its messaging on a less aggressive stanceIf the US Dollar languishes, will that serve to underpin WTI?? Recommended by Daniel McCarthy Get Your Free Oil Forecast Crude oil steadied in Asian trade today after tumbling overnight in the wake of a surge in stockpiles. The move lower unfolded despite favourable conditions for equities after more hawkish comments from Fed speakers.Data released overnight saw the American Petroleum Institute (API)…
Who’s up for some range trading today? If you are, then you won’t want to miss EUR/JPY hitting a key resistance zone. I mean, check out how this 4-hour chart looks: EUR/JPY 4-hour Forex Chart by TV October has been really good for EUR/JPY, with the pair recovering from its 155.00 lows all the way back to its September range. Speaking of ranges, EUR/JPY is currently trading close to the 158.50 range resistance in the 4-hour time frame. As you can see, it hasn’t been broken since the pair started trading between 156.80 and 158.50 at the start of September.…
© Reuters. FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, appearing to run out of space to contain a historic supply glut that has hammered prices, in Cushing, Oklahoma, March 24, 2016. REUTERS/Nick Oxford//File Photo By Trixie Yap SINGAPORE (Reuters) -Oil prices fell for a third day on Wednesday, dragged down by a larger-than-expected crude and gasoline stockbuild in the U.S. and easing supply concerns. futures declined by 30 cents, or 0.35%, to $85.52 a barrel at 0405 GMT, while U.S. West Texas Intermediate crude slipped 42 cents, or 0.50%, to $83.07 a…
Via Bloomberg comes remarks from Mizuho Americas on USD/JPY, looking for it trade as high as 155 in the first quarter of next year.Citing ongoing very loose monetary policy from the Bank of Japan. Given this USD/JPY won’t move lower until their is a shift from other DM central banks and the US dollar weakens. “The biggest issue for Japanese authorities is to find out when the Fed is done” “You have higher-than-expected US growth, and you have a Fed that you don’t know whether is done hiking. All of those things are very unfortunate for the Bank of Japan”…
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1776 as compared to the previous day’s fix of 7.1779 and 7.2932 Reuters estimate. Source link