Author: FX
Share: No key reports are due during the Asian session. Later in the day, the US will report Durable Goods Orders and Canada will release inflation data. The ECB Forum will gather attention with many central bankers due to speak on Tuesday ahead of a panel on Wednesday that will include Powell, Bailey, and Lagarde. Geopolitics is also on the agenda. Here is what you need to know on Tuesday, June 26: Wall Street finished lower on Monday with the Nasdaq falling 1.16%, and Treasury yields declined. The US Dollar Index dropped modestly, closing around 102.75, on a…
NASDAQ 100 OUTLOOK:Nasdaq 100 trades lower on Monday, extending losses from the previous week and sliding more than 1% as bullish sentiment continues to waneDespite the recent pullback, the tech index is up more than 35% this yearThis article looks at key Nasdaq 100’s technical levels worth watching in the coming days Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Japanese Yen Forecast – USD/JPY Pauses after Explosive Breakout. What Now?The Nasdaq 100 retreated on Monday, extending losses from the previous week, dragged down by heavy selling in the mega cap space. By way of context, Alphabet,…
Nordson to acquire ARAG Group for €960M Source link
The Reserve Bank of Australia will give its next monetary policy decision next week! Could this week’s Australian CPI report influence the central bank’s decision? Here are points to know if you’re planning on trading Australia’s annualized CPI data: Event in Focus: Australia Consumer Price Index (CPI) and inflation data for May 2023 When Will it Be Released: June 28, 2023 (Wednesday), 1:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI y/y: +6.2% y/y forecast vs. +6.8% y/y previous Relevant Data Since Last Event/Data Release: Australia’s unemployment rate dipped…
© Reuters. FILE PHOTO: A Carnival cruise ship is docked, amid the coronavirus disease (COVID-19) pandemic, in Long Beach, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson/File Photo By Ananya Mariam Rajesh and Juveria Tabassum (Reuters) -Cruise operator Carnival (NYSE:) on Monday forecast third-quarter profit largely below estimates as rising marketing and labor costs eat into gains from higher ticket prices and strong demand. The company’s shares, which have surged nearly 80% in the past two months on resurgent demand for cruises, dropped 11%. Carnival has increased marketing spend to attract new customers and gain an edge over its competitors even…
It’s Canada’s turn to print its latest batch of CPI readings soon! How could these updates potentially impact their central bank’s policy bias and CAD price action? Event in Focus: Canada’s Consumer Price Index (CPI) and inflation data for May 2023 When Will it Be Released: June 27, 2023 (Wednesday), 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Headline CPI m/m: 0.5% vs. 0.7% previous Headline CPI y/y: 3.4% vs. 4.4% previous Core CPI m/m: 0.5% vs. 0.5% previous Median CPI y/y: 4.0% vs. 4.2% previous Trimmed mean CPI y/y:…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
CANADIAN DOLLAR PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Read More: EUR/USD Price Forecast: EUR/USD Looks to ECB Forum for GuidanceCANADIAN DOLLAR BACKDROPIt has been an interesting couple of weeks for the Canadian Dollar as the loonie has had an impressive run against the Greenback in particular. This has come against a backdrop of falling Oil prices, which is a surprise given the correlation between the two.Over the past couple of weeks attention has been on other Major Central Banks and…
If you’ve listened in class back in grade school when the scientific method was taught, pat yourself on the back! Having a scientific mindset may just give you an edge in trading. Scientific method: The basics Scientists always start with observation. Simply put, it is the process of using the senses to gather data about consistencies in the environment. This is where we take note of patterns, repeat occurrences, or random incidents. Once a scientist has gathered enough data, theory-formulation would follow. Humans are curious beings so we often try to make sense of what’s going on around us. We attempt to explain…
Vertex Energy completes first commercial renewable diesel sales Source link