Author: FX
Share: USD/CHF drifts lower for the fourth straight day and drops to over a two-month low. Bets that the Fed will soften its hawkish stance weigh on the USD and exert pressure. A modest recovery in the risk sentiment could undermine the CHF and lend support. The USD/CHF pair remains under some selling pressure for the fourth straight day on Tuesday and slides to over a two-month low, around the 0.8845 region during the Asian session. Speculations that the Federal Reserve (Fed) will soften its hawkish stance sooner rather than later keep the US Dollar (USD) bulls on…
Japanese Yen, USD/JPY, Bond Yields, Technical Analysis – Asia-Pacific Briefing:Japanese Yen sees strong 2-day gain versus the US DollarUSD/JPY’s drop coincided with softer US Treasury yieldsThe exchange rate broke under a key exponential trendline Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen outperformed its major counterparts, especially versus the US Dollar. Over the past two days, USD/JPY sank about 1.9 percent during the worst performance since May. Beyond that, the move was quite a rare event. Looking back to data since the beginning of 2000, the 1.9% drop amounted to -2.2 standard deviations from the average.A…
Mohammed Haneefa Nizamudeen Shockwave Medical (NASDAQ:SWAV) has been upgraded by Morgan Stanley to overweight, with analysts expecting that the US Centers for Medicare and Medicaid Services will soon propose better reimbursement for the company’s coronary IVL catheters, which should help drive growth. Morgan Stanley said that it expects improved CMS reimbursement to drive “potential acceleration in penetration” and “upside to street expectations.” The investment bank added that its 2024 EBITDA estimates were approximately15% higher than street estimates. “Despite there being clear history of faster adoption on better surgery economics, consensus actually has a sequential slowdown in coronary IVL penetration in…
© Reuters. FILE PHOTO: Uber Technologies Inc. Chief Financial Officer Nelson Chai speaks on television on the trading floor of the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies (NYSE:) Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on timing hasn’t been made, according to the report. Uber did not immediately respond to a Reuters’…
GBPUSD trades to new 2023 highThe momentum has continued for the GBPUSD. It has now broken above the June and July highs near 1.2848. The price is currently trading at 1.28655. That takes the price to the highest level since April 22, 2022Looking at the hourly chart above, the next Topside target comes against a trendline connecting recent highs that cut across at 1.28762 (and moving higher). A move above that level increases the bullish bias.Looking at the daily chart below, there is a topside trendline connecting highs from April 4, May 8, and June 16. (See red numbered circles…
Share: The GBP/JPY cross tallies a third-consecutive day of losses falling to a low of 181.10, below the 20-day SMA. Andrew Bailey commented that he doesn’t know when rates will start to come down. Eyes on British labour market data on Tuesday and Japanese data on Wednesday. The GBP/JPY lost ground at the start of the week and currently stands around 181.60. Andrew Bailey’s, Governor of the Bank of England (BoE), hawkish remarks somewhat boosted the GBP while the JPY gained interest in rising Japanese bond yields. On Monday, Bailey commented that inflation is “unacceptably high”, far from…
US DOLLAR FORECAST:The U.S. dollar, as measured by the DXY index, slides on Monday, extending Friday’s losses following softer-than-expected U.S. employment dataUSD/JPY also deepens its pullback, steadily approaching Fibonacci support near 140.92All eyes will be on the U.S. inflation report this week Recommended by Diego Colman Get Your Free USD Forecast Most Read: EUR/USD Holds Post-Payroll Gains, Market Weighs Rate-Rise ChancesThe U.S. dollar, as measured by the DXY index, fell slightly on Monday, extending last Friday’s losses following softer-than-expected nonfarm payrolls figures. There were no major catalysts at the start of the new week, but traders were somewhat cautious ahead…
Exscientia gains as enrollments begin for cancer trial Source link
You know what’s better for volatility players than an interest rate decision? A policy announcement where markets aren’t 100% sure about the outcome! What exactly are the markets expecting from the BOC and potential price scenarios the event? Read up on the points you need to know! Event in Focus: Bank of Canada (BOC) Monetary Policy Statement When Will it Be Released: July 12, 2023 (Wednesday): 2:00 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: BOC to raise its interest rates by 25 basis points to 5.00% Policymakers to reiterate that…
The GBPUSD surged on Friday, helped by the lower nonfarm payroll data in the US. The price rise took the price to the June high at 1.28478. The high price on Friday reached 1.28487 – a pip ahead of the June high. The GBPUSD price backed off into the close on Friday.In trading in the Asian session today, the buyers turn to sellers. The last few hours have seen increased momentum to the downside in the pair as traders retrace the Friday gains. The pair is now looking to test its rising 100-hour moving average of 1.2744. A swing area…