Author: FX

May have to raise rates again, but watching data carefullyAll central banks are grappling with how much further to hikeIt’s easier to speak now but let’s see if she can walk the talk once she gets into the hot seat. As things stand, markets are not convinced of any more rate hikes by the RBA. For the upcoming meeting, the odds of there being no change are at ~96%. This article was written by Justin Low at www.forexlive.com. Source link

Share: FX option expiries for Aug 29 NY cut at 10:00 Eastern Time, via DTCC, can be found below. – EUR/USD: EUR amounts         1.0725 1b 1.0775 440m 1.0800 2.1b 1.0830 477m 1.0845 407m 1.0855 462m 1.0885 377m 1.0900 444m – USD/JPY: USD amounts                      – USD/CHF: USD amounts         – AUD/USD: AUD amounts Source link

USD/CHF looks ready to extend its trend after consolidating near a pullback level! Think the dollar can make more pips against the franc in the next couple of days? We’re checkin’ out the 1-hour time frame: USD/CHF 1-Hour Forex Chart by TV If you’ve been watching USD/CHF, then you’ll know that the pair has been in an observable uptrend since late July when it found support from the .8550 levels. USD/CHF took a breather from making new highs this week, as it pulled back to the .8820 levels after getting rejected at the .8875 area. Can USD/CHF extend its uptrend?…

Missed the neckline breakdown on crude oil? If you’re still bearish on the commodity, this pullback might be an opportunity to short! Check out this trend reversal setup on the 4-hour time frame! WTI Crude Oil (USOIL) 4-hour Chart by TV Crude oil fell through the neckline of its head and shoulders formation, hinting that a downtrend is in the cards. It’s still in correction mode, though! The Fib retracement tool shows that this area of interest is right around the 61.8% level, which already appears to be attracting more bears. If that’s the case, the commodity could soon make…

© Reuters. FILE PHOTO: A Norfolk Southern train rests near the University of North Carolina’s energy generation plant in Chapel Hill, North Carolina, U.S. August 11, 2022. REUTERS/Jonathan Drake/File Photo/File Photo (Reuters) – Norfolk Southern (NYSE:) said it has restored all rail systems after the U.S. railroad operator experienced a hardware-related outage that affected its operations earlier on Monday. All systems were restored at 0700 pm ET (11 pm GMT), the company said, adding that it expects the impact on its operations to last at least a couple of weeks. There is no indication that the outage was a cybersecurity…

3M’s (NYSE:MMM) board of directors on Monday approved a $6 billion agreement to settle claims that its combat earplugs didn’t protect veterans from hearing loss. The settlement provides more clarity about potential costs associated with the product liability. The settlement is less than the $10 billion to $15 billion several analysts had estimated. 3M’s (MMM) shares rose Monday after news of the settlement was reported over the weekend. Source: 3M Thousands of veterans claimed 3M (MMM) and Aearo Technologies, a company 3M (MMM) bought in 2008, made flawed earplugs that didn’t prevent hearing loss after being issued by the U.S.…

This snippet from ANZ on oil demand in China, some better news:signs of strength in China’s jet fuel market are likely to boost sentiment. China weekly flights have surged 13% above pre-COVID levels in the week ending 20 August. International travel is picking up, with bookings for overseas group tours during the National Day holiday in October more than tripled from a month ago. This comes amid increasing tightness in aviation fuel.Worries over Chinese demand have been a key headwind for oil. China demand is looking to be on the up now though. Source link

Share: US Dollar Index stays depressed after reversing from 11-week high. Yields, inflation expectations drop but activity data flash mixed signals to prod DXY bears. Absence of hawkish surprise from Fed, China-linked optimism exerts downside pressure on Greenback ahead of top-tier data. US CB Consumer Confidence can offer intraday directions but NFP, Fed’s preferred inflation gauge are the key. US Dollar Index (DXY) remains on the back foot around 103.95 during early hours of Tuesday’s Asian session, after reversing from an 11-week high to snap two-day winning streak the previous day. In doing so, the Greenback’s gauge versus…

Uncle Sam is about to give an update on the Q2 GDP figures. Are any revisions likely to push USD pairs around midweek? Read on for the major points you need to know if you’re planning on trading the release: Event in Focus: U.S. Preliminary GDP (1st revision) figure for Q2 2023 When Will it Be Released: August 30, 2023 (Wednesday), 2:00 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: No revisions expected to initially reported 2.4% q/q growth figure No revisions to preliminary price index of 2.2% q/q as well…

Nastassia Samal/iStock via Getty Images Abcam (NASDAQ:ABCM) founder and shareholder Jonathan Milner is expected to reach out to holders next week to discuss Danaher’s planned $24 per share acquisition. Milner, who earlier this year dropped a proxy contest after the company said it would explore a sale of itself, is expected to start to discuss his views on the $5.7 billion Danaher (NYSE:DHR) deal with other holders next week, according to a Dealreporter item on Monday, with which people are familiar. Milner, who has a 6% stake in Abcam (ABCM), hasn’t stated whether he will support the transaction. The report…