Author: FX

© Reuters. FILE PHOTO: British comedian and actor Russell Brand walks outside the Wembley Park Theatre, in northwest London, Britain, September 16, 2023. REUTERS/Susannah Ireland/File Photo By Michael Holden LONDON (Reuters) -British police said on Monday they had launched an investigation into a number of allegations of non-recent sexual offences following media reports that four women had accused actor and comedian Russell Brand of a string of sexual assaults. Earlier this month, the Sunday Times newspaper and Channel 4 TV’s documentary show “Dispatches” reported the women had accused Brand, 48, of sex offences, including a rape, between 2006 and 2013.…

We’ve got a major catalyst ahead for the Australian dollar, making this consolidation chart pattern on AUD/JPY definitely one to watch? Will the uptrend hold? Or are we looking at the start of a longer-term reversal for the pair? AUD/JPY 1-Hour Forex Chart by TradingView AUD/JPY pair is in the midst of an uptrend, a journey characterized by those telltale higher “lows.” However, a formidable resistance zone has cropped up in the 95.50 – 96.00 range, acting as an impenetrable fortress against the bulls. Adding to the complexity of answering, “where to next?,” lower “highs” have emerged recently, forming a symmetrical…

Crude oil prices remained settled at $89.68 today. That was down $-0.35 or -0.39%. The high today reached $90.83. THe low was at $89.03. Russia lifted some export bans, but restrictions on gasoline and high-quality diesel persist. Chevron plans to increase its oil output in Venezuela to 200k BPD by early 2024. Technically, looking at the hourly chart, the price action today was above and below the near-converged 100 and 200-hour moving averages (blue and green lines on the chart below).The 100 hour moving average is currently at $90. The 200-hour moving average is currently at $90.10. Those moving averages…

Share: S&P 500 lost 2.93% last week, its worst performance since the second week in March. US PCE data for Q2 will give investors better view of outlook for inflation. August Durable Goods Orders will be released on Wednesday. US Bureau of Economic Analysis releases Q2 US GDP print on Thursday. Nike, Accenture, Micron Technology release quarterly earnings results. The S&P 500 index lost 2.93% last week as the Federal Reserve’s (Fed) September 20 policy meeting spooked investors with the central bank’s lack of interest in cutting interest rates anytime soon. The central bank kept rates unchanged as expected, but…

Inflation updates have been the trading rage as of late, and we’ll get another opportunity to see volatility with the latest update from Australia. Will it signal sticky price rises to keep the Reserve Bank of Australia on their toes, or will we get a surprise number lower to give’em some breathing room? Here are points you need to know if you’re planning on trading Australia’s August inflation figures: Event in Focus: Australia Consumer Price Index (CPI) and inflation data for August 2023 When Will it Be Released: September 27, 2023 (Wednesday), 1:30 am GMT Use our Forex Market Hours…

da-kuk/E+ via Getty Images UBS started off coverage on Chefs’ Warehouse (NASDAQ:CHEF) on Monday, at a Buy rating. Analyst Mark Caden and team pointed to the specialty food supplier’s heavy focus on service, its wide selection of hard-to-find specialty & center of the plate items, and its broad footprint that have all helped it become a market leader for high end dining establishments. Caden said CHEF’s mid teens top-line CAGR from 2019-2022 compares favorably to larger players with more scale. “It’s been successful growing organically & through M&A (~50-50 contributions). CHEF has also been finding ways to boost wallet share…

© Reuters. Investors are keenly watching the financial updates from influential companies such as Nike (NYSE:) and Micron Technology (NASDAQ:) this week, amid recent major market benchmark losses. Both companies hold significant influence in their respective sectors, and positive news could potentially trigger a market turnaround. Nike, the athletic footwear giant, has had a tough year in 2023, with its shares dropping about 25% since the beginning of the year. The company’s struggle to maintain previous growth rates due to multiple obstacles has heightened investor concerns about its recovery pace. In June, Nike reported its fiscal fourth-quarter results for the…

The new trading week is underway and the US dollar is moving higher. In this video, I take a look at the technicals that are driving the EURUSD, USDJPY, and GBPUSD.EURUSD: The EURUSD stalled against its 100-hour moving average on Thursday and Friday. That moving average currently comes in at 1.0663 and will be a risk/bias-defining level for traders this week. With the price currently at 1.0627, if that risk is too high, traders can look toward closer in levels. There is a swing level at 1.0635 which may give traders in the short term a risk and bias-defining level…

Share: Pound Sterling remains delicate on stubborn inflation and weak demand outlook The Pound Sterling (GBP) faces selling pressure as investors start worrying about the United Kingdom’s weak economic outlook and upside risks to inflation on Albion’s shores. The GBP/USD pair came under severe pressure after an unexpected pause in the policy-tightening spell by the Bank of England (BoE) last week. The GBP/USD outlook weakens as a sudden skip in the rate-tightening regime by the UK central bank against expectations of an interest rate increase signaled risks of economic slowdown. The UK economy is seen losing strength amid uncertainty…

USD/JPY closes in on eleven month highsInterest rate differentials continue to crush the Yen after BoJ stood pat last weekMarkets suspect it’s more likely to step in and bolster the Yen at current levelsThe Japanese Yen fell to a ten-month low against a generally stronger United States Dollar on Monday, pushing USD/JPY close to the 150.00 level at which the Bank of Japan has been known to step in and support its currency in the past.There’s little mystery behind Yen weakness. The BoJ stuck to its guns at the end of last week, maintaining ultra-low interest rates.The Japanese central bank…