Author: FX
Share: Gold price hits a four-day low as the US Dollar strengthens. US wage growth slows as workers become more reluctant to switch jobs frequently. Hopes for a soft landing are boosted as the US Unemployment Rate rose sharply to 3.8%. Gold price (XAU/USD) consolidates its downward trend as the US Dollar remains resilient due to bearish market sentiment and steady employment growth in the US. The yellow metal faces pressure as the Federal Reserve (Fed) will likely keep interest rates higher for a longer period. The appeal for the US Dollar improves significantly as the US economy…
Gold (XAU/USD), Silver (XAG/USD) Analysis, Prices, and ChartsUS dollar better bid after the Labor Day break.Silver sells off for 5 days in a row.The US dollar is looking to break a prior level of resistance made in late May, continuing the post-NFP rally from last Friday. The USD index is being helped by a weaker Euro, Sterling, and Japanese Yen and if resistance is broken the greenback will likely look to test a prior zone of resistance between 105.36 and 105.48.US Dollar Index Daily ChartThere is little in the way of any market moving economic data on the calendar with…
Producer Price Inflation MoM in the Euro Area decreased to -0.50% in July from -0.40% in June of 2023. Consensus at -0.6%. In July 2023, compared with July 2022, industrial producer prices decreased by 7.6% in the euro area. rarrarorro/iStock via Getty Images ETFs: (EWG), (GF), (EWI), (EWQ), (EWGS), (FGM), (DBGR), (DXGE), (HEWG), (DAX), (FLFR), (FLGR), (FLIY) Currency: (EUR:USD) Source link
The centralization of nodes is one of the biggest problems facing the network and should be addressed by making the running of nodes cheaper and easier, according to Ethereum co-founder Vitalik Buterin. Currently, the majority of the 5,901 active Ethereum nodes are being run through centralized web providers like Amazon (NASDAQ:) Web Services, which many experts claim leaves the Ethereum blockchain exposed to a centralized point of failure. Distribution of Ethereum nodes from web service providers. Source: EthernodesContinue Reading on Coin Telegraph Source link
And just like that, the RBA kept rates on hold for the THIRD statement in a row! Can this mean a reversal for GBP/AUD? On the short-term time frame, a double bottom formation can be seen, with the pair already testing the neckline resistance. GBP/AUD 1-hour Forex Chart by TV Earlier today, weaker than expected Chinese Caixin services PMI spurred a bout of AUD selling, taking this pair up to the resistance at the 1.9650 minor psychological mark. After that, the RBA decision kept the Aussie pinned down, as the central bank kept rates on hold at 4.10% and noted…
We do expect bumpiness in easing of energy, food inflationEasing in services inflation helps limit narrative that tourism is keeping services inflation highThere’s still much to be desired for the ECB in terms of inflation developments surely. But it is all about what narrative that they want to be pushing out in September. Right now, they’re angling towards a pause so they will spin things any which way they can to try and do so. Source link
AUD/CHF has taken a chill pill after making lower highs and lower lows for more than a month. Is the pair seeing the bend at the end of its downtrend? We’re looking at the 4-hour chart for trading opportunities. AUD/CHF 4-hour Forex Chart by TV AUD/CHF has been trading in a downtrend since mid-June when the pair got rejected at the .6150 minor psychological level. But after weeks of making lower highs and lower lows, AUD/CHF has made a higher high AND broke above a descending channel pattern. Is AUD/CHF in for a reversal? The pair found resistance at the…
Share: Gold Price stays pressured for the fourth consecutive day despite lacking downside momentum. Upbeat headlines from China, Country Garden fails to impress XAU/USD buyers as US Dollar traces firmer yields. US Factory Orders, ISM Services PMI and risk catalysts eyed for clear Gold Price directions. XAU/USD bears have a tough time keeping control unless breaking $1,930 and $1,915 key support confluences. Gold Price (XAU/USD) remains on the back foot for the fourth consecutive day even as the bears struggle to gain market acceptance ahead of the top-tier US data. In doing so, the yellow metal portrays the…
US Dollar Vs Euro, British Pound, Canadian Dollar – Price Setups:The US dollar index is struggling at key resistance, raising the prospect of a retreat.EUR/USD and GBP/USD are around key support levels.What is the outlook and key levels to watch in select USD pairs? Recommended by Manish Jaradi Introduction to Forex News Trading The recent struggle at key resistance reinforces the view that the US dollar’s (DXY Index) rally is losing steam as recent data eases concerns that the US economy is resurging.The US Economic Surprise Index has rolled over from two-year highs in a sign that much of the…
Ariel Skelley/DigitalVision via Getty Images Private equity firm Thoma Bravo is in advanced discussions to acquire patient record software provider NextGen Healthcare (NASDAQ:NXGN). Thoma Bravo may announce a deal as soon as this week, according to a Bloomberg report on Monday, which cited people familiar with the situation. The report comes after a Reuters report late last month that NextGen (NXGN) was exploring options, including a sale. NextGen has a market cap of $1.3 billion. NextGen (NXGN) competitors include Athenahealth, Oracle (ORCL), EClincalWorks, Epic Systems, Greenway Health, Veradigm (MDRX), and Modernizing Medicine, according to the company’s latest 10-K filing. NextGen’s…