Author: FX
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
SlavkoSereda/iStock via Getty Images The energy sector (NYSEARCA:XLE) was Wednesday’s worst performer, -1.4%, weighed by a nearly 3% drop in WTI crude oil futures and a 3.5% drubbing in Exxon Mobil (XOM) shares after the company announced a $59.5B all-stock acquisition of Pioneer Natural Resources. Prices extended losses after The New York Times reported U.S. intelligence believes Iran was surprised by Hamas’ attack on Israel, which if true could reduce the chances of additional sanctions on Iranian oil and help prevent a wider Middle East conflict. The story appears to contradict a report earlier this week from The Wall Street…
© Reuters. The U.S. Capitol is seen at night as Republicans work towards electing a new Speaker of the House, on Capitol Hill in Washington, U.S., October 9, 2023. REUTERS/Evelyn Hockstein/File Photo By David Morgan, Richard Cowan and Moira Warburton WASHINGTON (Reuters) -Republicans who control the U.S. House of Representatives on Wednesday nominated Steve Scalise to serve as speaker following last week’s ouster of Kevin McCarthy, but delayed further action when he appeared to be short of the support needed to win a vote of the full chamber. Scalise, now No. 2 on the Republican leadership ladder, edged rival Jim…
CRUDE OIL PRICES OUTLOOKOil prices extend losses for the second consecutive day, reversing most of Monday’s rallyDespite the recent pullback, geopolitical tensions in the Middle East create a constructive backdrop for energy markets.This article looks at the key technical levels for oil to keep an eye on in the coming days. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Most Read: EUR/USD Stalls at Channel Resistance, AUD/USD Shifts Gears after Technical Rejection, Fed Minutes a ‘Non-Event’Crude oil prices, as measured by WTI futures, extended losses on…