Author: FX
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As you can see, AUD/JPY got rejected from the 97.50 area and is now trading 100 pips lower in the 96.50 zone. That’s probably the most decent pullback from the pair since it blasted up from the 90.50 area at the start of the month! What makes the setup even more interesting is that the 100 SMA has crossed below the 200 SMA to signal a possible bearish reversal. AUD/JPY 15-min Forex AUD/JPY 1-hour Forex Chart by TV But wait! Before you pull the trigger on your sell orders, you should know that AUD/JPY is still seeing decent support around…
Share: USD/CHF struggles to extend Friday’s recovery, clings to mild gains during three-day uptrend. Steady RSI, clear break of 61.8% Fibonacci retracement suggests further advances. Weekly resistance line, 200-SMA guards recovery moves before welcoming bulls. USD/CHF reverses intraday gains as it fades bounce off an ascending support line from Friday heading into Tuesday’s European session, downbeat around 0.8960 by the press time. In doing so, the Swiss Franc (CHF) pair fails to defend the three-day recovery from the lowest level in five weeks. The pullback moves, however, lack acceptance from the RSI and MACD oscillators as the former…
Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO and Joseph C. Tsai as Chairman Source link
Remember that gold triangle we had been watching a while back? Well, it looks like the precious metal is ready for another test of support! On its hourly time frame, XAU/USD is still stuck inside a descending triangle formation with its lower highs and support around $1,940. Gold (XAU/USD) 1-hour Chart by TV That was one nasty fakeout on the latest test of support! Now gold is back inside its consolidation chart pattern and is once again retreating from the top. Will we see a breakdown from support this time? Technical indicators are giving mixed signals, as Stochastic is pulling…
© Reuters. People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/FILE PHOTO SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105% from the usual 100% late last year in response to a credit crunch in domestic financial markets and extended early…
Japan’s Industry Minister represents real businesses that are impacted by forex swings, so he has a case to comment. Earlier we had the same sort of remark from the finance minister. Its his department that’d be ordering intervention in the currency, if it comes to that:What to watch:USD/JPY update: Source link
Share: “There have been long standing concerns that the market is not working well for New Zealanders,” said New Zealand (NZ) Minister of Finance (FinMin) Grant Robertson said in a statement per Reuters. The policymaker also said that banks have consistently made high profits over a number of years and their returns have outperformed their peers in other countries. “There has not been an in-depth look into competition issues in New Zealand’s banking for some time, and New Zealand lags other countries such as Australia and the UK into doing a detailed analysis into banking services,” added NZ…
Dynagas LNG Partners LP Q1 2023 Earnings Preview Source link
U.S. Steel (X) guides Q2 EPS above consensus United States Steel Corporation (X) today provided second quarter 2023 adjusted net earnings per diluted share guidance of $1.81 to $1.86, which is above the consensus of $1.76. Second quarter 2023 adjusted EBITDA is expected to be approximately $775 million. Commenting on second quarter guidance, President and Chief Executive Officer David B. Burritt said, “We expect to deliver another strong quarter of safety, operational and financial performance driven by our continued focus on strategic markets and building a more resilient business model. Adjusted EBITDA guidance of $775 million reflects the benefits of…