Author: FX
Share: USD/CAD has rallied on the back of USD strength and the spike in US treasury yields. Economists at Société Générale analyze the pair’s outlook. Prevalence of upward momentum Daily MACD remains anchored within positive territory denoting prevalence of upward momentum. Defence of the 50-DMA near 1.3510 could lead to persistence in up move. The pair has faced interim hurdle at 1.3770, the 76.4% retracement from 2022. Beyond 1.3770, next potential objectives are located at 1.3860 and 2022 high of 1.3980. See: USD/CAD to slip a little more obviously on losses through 1.3695 – Scotiabank Source link
Warning: CSLR is at high risk of performing badly Source link
Article by IG Senior Market Analyst Axel RudolphFTSE 100, S&P 500, Russell 2000 Analysis and ChartsFTSE 100 tries to recover from one-month low The FTSE 100 is seen heading back up towards its 55-day simple moving average (SMA) at 7,521 while awaiting key US employment data.If overcome, another attempt at reaching the 200-day simple moving average (SMA) at 7,650 could be made over the coming weeks.Support below Thursday’s 7,405 low sits at Wednesday’s 7,384 trough, made marginally above the early September low at 7,369 which may also offer support.FTSE 100 Daily ChartDownload our Brand New Q4 Equity Outlook for Free…
© Reuters Coinbase (NASDAQ:) Global, with a market cap of $17.7 billion according to InvestingPro data, is seeking a dismissal of the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) in June 2023, as the crypto industry continues to grapple with regulatory scrutiny. The SEC has accused Coinbase of operating illegally as a securities exchange, broker, and clearing agency without registration, an allegation that the company’s chief legal officer, Paul Grewal, vehemently refutes. The SEC’s lawsuit builds on precedents set by two previous cases involving Labs, Inc.’s XRP token and Terraform Labs. These cases have been central to…
It has been a quiet day in the markets with subdued volumes and small changes: in America US30 ticked down 0.03% while both US500 & US100 lost around 0.1% and volumes have been 15% lower than the 30-day average. But European indices and other asset calls such as metals also showed a lot of indecision, drawing what in candlestick analysis is called a Doji. The situation was somewhat different for the USD and Oil, which fell, in the case of the latter strongly. The market awaits the September NFP data today after the picture that has emerged so far this…
Trend traders huddle up! The U.S. dollar took a lot of hits in the last couple of days, enough to drag the U.S. dollar index (DXY) waaay lower in the 4-hour charts. How low can the index go? U.S. Dollar Index (USDX): Daily U.S. Dollar Index (USDX) 4-hour Forex Chart by TV The U.S. Dollar Index has been in an uptrend since mid-July when it started poppin’ higher highs and higher lows. This week’s drama involves the index turning lower from the 107.25 minor psychological level. DXY is currently trading near 106.50, which is close to the 61.8% Fibonacci retracement…
1600 GMT / 1200 US Eastern time:Federal Reserve Board Governor Christopher Waller speaks on “Payments” before the Brookings Institution “Making America’s Payment System Work for a Digital Currency” event I won’t be expecting anything on his economic outlook, nor policy outlook, given that topic and venue. However, Waller does like to let his opinion known and could well air thoughts in any Q&A that follows. Friday afternoon in the US is always a precarious time as liquidity dries up heading into the weekend. Source link
Share: Silver edges higher during the Asian session on Friday, albeit lacks follow-through. The range-bound price action could be categorized as a bearish consolidation phase. The oversold RSI on the daily chart might hold back bears from placing fresh bets. Silver attracts some buyers during the Asian session on Friday and currently trades around the $21.00 mark, up nearly 0.20% for the day. The white metal, however, remains confined in a familiar range held over the past four days and the technical setup suggests that the path of least resistance is to the downside. The subdued range-bound price…
Spencer Platt/Getty Images News Exxon Mobil (NYSE:XOM) is nearing a deal to acquire Pioneer Natural Resources (NYSE:PXD) in a deal that would value the shale driller at about $60 billion. A deal may be finalized in the coming days if the discussions don’t hit a last-minute obstacle, according to the WSJ report late Thursday, which cited familiar people familiar with the matter. The news comes after the WSJ first reported in early April that Exxon (XOM) held preliminary, informal talks with Pioneer Natural Resources (PXD) about a possible acquisition. Exxon also discussed a potential tie-up with at least one other…
© Reuters. FILE PHOTO: ‘X’ logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo By Sheila Dang (Reuters) – Social media platform X recorded high single-digit percentage revenue growth in the third quarter compared to the second quarter, X Chief Executive Linda Yaccarino told the company’s bank lenders in a meeting on Thursday, according to a person who was on the call. The size of X’s revenue, which includes money earned through advertising, subscriptions and data licensing, could not…