Author: FX

AUD/CAD looks ready to turn lower from a key resistance zone! Will the pair extend its downtrend? I’m looking at the 15-min chart for clues! AUD/CAD 15-Minute Forex Chart by TV Commodity-related currencies have been on shaky ground lately thanks to weaker-than-expected Chinese data and growth concerns discouraging risk-taking. Fortunately for CAD buyers, the oil-related Loonie is getting some support from crude oil prices inching higher this week. AUD/CAD, which has been making lower highs and lower lows, is now turning lower after failing to break the .9000 resistance on the 15-minute time frame. And why not? Aside from a…

Share: USD/TRY prints three-day uptrend around the all-time peak, grinds higher of late. Turkish President Erdogan visits Saudi Arabia, signs deals of defense, energy, etc., UK also braces for trade deal with Ankara. CBRT braces for another heavy rate hike to tame inflation woes after the previous disappointment. US Retail Sales, Industrial Production will guide intraday moves. USD/TRY bulls flirt with the record peak of around 26.35 heading into Tuesday’s European session, up for the third consecutive day. In doing so, the Turkish Lira (TRY) pair struggles to justify the headline surrounding the trade deal between Saudi Arabia…

Missed the range breakout on WTI crude oil? You might still have a chance at catching the rally on this quick pullback! Let me show you the setup on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart by TV Crude oil managed to bust out of its range resistance around the $73.50 per barrel mark last week! Price hit a ceiling near $77.50 per barrel and is now pulling back to the nearby support zones. The Fib retracement tool shows where more buyers might be waiting to hop in. In particular, the 38.2% level is at $73.48 per…

British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups:GBP/USD is holding on to its recent gains.Speculative long GBP positioning is at the highest level since 2014.What is the outlook for GBP/USD, EUR/GBP, GBP/JPY? Discover what kind of forex trader you are The British pound is holding on to its recent gains ahead of the key UK inflation data due on Wednesday. UK CPI is expected to have eased a bit to 8.2% on-year in June from 8.7% in May. Core inflation is expected to be flat at 7.1% on-year. On a monthly basis, inflation eased to 0.4% on-month…

© Reuters. A train moves along the Crimean Bridge, a section of which was damaged by an alleged overnight attack, as seen from the city of Kerch, Crimea, July 17, 2023. REUTERS/Alexey Pavlishak (Reuters) – Partial road traffic opened on one lane of the Crimean Bridge late on Monday, Russian Deputy Prime Minister Marat Khusnullin said on his Telegram channel. “Motor transport on the Crimean Bridge has been restored in reverse mode on the most outer right lane,” Khusnullin wrote on Monday. However, ferry operations were suspended early on Tuesday, due to bad weather, Russian agencies reported, citing the Moscow-backed…

People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2% and some think it could widen to 3% this year. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against…

gchapel Lithium Americas (NYSE:LAC) rose 1.4% amid a decision by an appeals court to affirm a lower court’s ruling to approve its Thacker Pass lithium mine in Nevada amid opposition from environmental and other groups. The U.S. Appeals Court for the 9th Circuit affirmed a lower court’s decision from February, according to a court filing on Monday. A federal judge in February rejected claims that the Thacker Pass project would cause unnecessary harm to the environment, but allowed construction to begin while the agency provided additional proof that Lithium Americas (LAC) has the mineral rights necessary to dump waste rock…

Share: GBP/USD oscillates around 1.3070 ahead of the US Retail Sales data. Market participants anticipate the Bank of England (BoE) will hike its interest rates by 50 basis points (bps) in August. The US Dollar posts modest gains due to the softer Chinese growth numbers, upbeat US Empire manufacturing survey. The GBP/USD pair consolidates in a narrow range during the early Asian session on Tuesday as the market sentiment turns cautious ahead of the release of US Retail Sales and the UK Consumer Price Index (CPI). The major is trading around 1.3072, down 0.01% on the day.  The…

Permianville Royalty Trust declares $0.0535 dividend Source link

Ready for another round of U.K. CPI data? Here’s what the upcoming release might mean for the BOE’s policy path and GBP price action. Event in Focus: U.K. Consumer Price Index (CPI) and inflation data for June 2023 When Will it Be Released: July 19, 2023 (Wednesday), 6:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI y/y: +8.2% y/y forecast vs. +8.7% y/y previous Core CPI y/y: +7.1% y/y forecast vs. +7.1% y/y previous PPI input m/m: +0.2% m/m forecast vs. -1.5% m/m previous PPI output m/m: -0.3% m/m…