Author: FX
This is from the privately surveyed oil stock data ahead of official government data tomorrow morning out of the US.This massive draw should be a tailwind for the price of oil. Via Twitter:–Expectations I had seen centred on:Headline crude -2.2mn barrelsDistillates +0.2 mn bblsGasoline +0.3 mn–This data point is from a privately-conducted survey from the American Petroleum Institute (API).It’s a survey of oil storage facilities and companiesThe official report is due Wednesday morning US time.The two reports are quite different.The official government data comes from the US Energy Information Administration (EIA)Its based on data from the Department of Energy and…
S&P 500 has been consolidating tightly for the past few weeks. Is there something ahead to wake traders up, and will it be enough to break the triangle pattern? S&P E-mini Futures (SPX500): 4-hour S&P 500 Emini Chart by TradingView If you’ve ever wondered what it’s like to watch a symmetrical chart pattern forming, then you’re in for a treat. And if you haven’t, well, you’re still in for a treat because we’re about to break down a potential setup for both bull and bear swing traders! On the four-hour chart, we’ve got a symmetrical triangle chart pattern that’s been…
GBP PRICE, CHARTS AND ANALYSIS:Read More: FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally?GBP has struggled of late and has attempted a recovery in the early part of this week. UK inflation data is due tomorrow and following a sharp increase in headline inflation in the US and Canada, is the UK next?Looking for Tips and Tricks to Trade GBP/USD? Download the Complimentary Guide Below. Recommended by Zain Vawda How to Trade GBP/USD UK INFLATION AND BOE EXPECTATIONSThe UK still have the highest inflation rate in comparison to the Euro Area and the US which does pose…
The BOE decision is right around the corner! Will they stick to their recent pause rhetoric or will recent signs of sticky high inflation bring back hawkish vibes? Here’s what the U.K. central bank might have up its sleeve and how pound pairs might react. Event in Focus: Bank of England Monetary Policy Statement for September 2023 When Will it Be Released: September 21, Thursday: 11:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: The Bank of England is expected to hike interest rates by 0.25% from 5.25% to 5.50% The…
Invesco MidCap Low Volatility ETF declares quarterly distribution of $0.3193 Source link
© Reuters. FILE PHOTO: An Amazon delivery worker sorts packages out for delivery during Amazon’s two-day “Prime Early Access Sale” shopping event for Amazon members, in the financial district of New York City, U.S., October 11, 2022. REUTERS/Brendan McDermid/File Ph By Arriana McLymore NEW YORK, NY (Reuters) – Amazon (NASDAQ:) said it plans to add 250,000 U.S. workers for the holiday shopping season, 67% more than the number of people it hired for the past two years, as it scrambles to expand next-day delivery for shoppers. Its boost in hiring comes after it added 50 new fulfillment centers, delivery stations…
The NASDAQ index is falling to new session lows. The index is currently down -101 points or -0.73% at 13609. In doing so the price is trading at its lowest level since August 25.NASDAQ index is trading lowerTechnically looking at the hourly chart above, the price yesterday rallied to and through its 200-hour moving average currently at 13735.69 (green line in the chart above). However, the momentum could not be sustained and the price wandered lower into the close (a close near unchanged on the day). Stay below that 200-hour moving average keeps the sellers more in control technically.Today the…
Share: GBP/USD Forecast: Pound Sterling bulls hesitate as 1.2400 resistance stays intact GBP/USD failed to benefit from the modest US Dollar (USD) weakness seen in the American session on Monday and closed the day virtually unchanged. Following a short-lasting recovery attempt toward 1.2400 early Tuesday, the pair lost its traction and came in within a touching distance of the multi-month low it set at 1.2730. Read more… GBP/USD: Move back below 1.20 seems inevitable – SocGen Kit Juckes, Chief Global FX Strategist at Société Générale, is worried about Sterling. The more the market worries about the growth outlook in…
USD/JPY AnalysisUSD/JPY likely to see muted trading until tomorrow’s FOMC meeting + projectionsIG client sentiment clouded by the recent uptick in longs. Overwhelming short positioning remainsThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education libraryUSD/JPY Likely to See Muted Trading Until TomorrowThe week was always shaping up to be a quiet one at first before ramping up drastically from Wednesday right up until the weekend. Tomorrow the FOMC rate decision is likely to spur volatility in the pair even though the committee is likely to keep…
AutoZone GAAP EPS of $46.46 beats by $1.57, revenue of $5.69B beats by $80M Source link