Author: FX

GBP/AUD just got rejected from a key inflection point! Will this mean a longer-term reversal for the pair? I’m looking at the 1-hour chart for clues! GBP/AUD 1-hour Forex Chart by TV A couple of hours earlier, GBP/AUD got rejected and turned lower from the 1.8750 minor psychological handle. And why not? As you can see, 1.8750 is right around the R1 (1.8720) of today’s Standard Pivot Points. More importantly, it’s also near a previous support and resistance level that now marks a possible range resistance zone for GBP/AUD. Will this mean more GBP losses against AUD? The bearish divergence…

Pennant Group acquires Idaho-based Bluebird Home Health, Hospice and Home Care provider Source link

© Reuters. A London bus passes by the Bank of England building, in London, Britain November 3, 2022. REUTERS/Toby Melville/File Photo (Reuters) -The Bank of England is facing a stormy gilts market while Turkey’s new governor is expected to ramp up rates sharply at central bank meetings this week. There’s a fresh read on the health of the world economy in the offing, while key policy makers are hitting the road, with U.S. Secretary of State Antony Blinken wrapping up talks in Beijing, while London and Paris are hosting some big summits. Here’s a look at the week ahead in…

There have been plenty of stimulus announcments from China last week:And more are expected to come:On Tuesday, 20 June 2023 we get the next policy move from the People’s Bank of China, an expected cut to LPRs. Currently LPR rates are: 3.65% for the one year 4.30% for the five yearING are looking for cuts to both:Loan prime rates in China are set to track the recent cut from the People’s Bank of China (PBoC). Thus, we are looking for the 1Y loan prime rate to fall to 3.55% (from 3.65%) and the 5Y loan prime rate to settle at…

We’ve got another round of central bank decisions lined up, plus a fresh batch of PMI readings before the end of the week. What are traders expecting for the BOE and SNB monetary policy statements? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the calendar this week: U.K. CPI report Before BOE Governor Bailey and his fellow policymakers take the stage, the U.K. economy will be printing its May CPI figures on Wednesday, June 21 6:00 am GMT.…

Share: USD/CAD renews intraday high as it recovers from yearly low during Juneteenth holiday-inspired sluggish trading. Oil Price drops amid fears of less demand from China. US Dollar justifies hawkish Fed talks, ignores mixed US data to extend Friday’s corrective bounce. Fed Chair Powell’s Testimony, preliminary PMIs for June appear crucial for clear directions during holiday-shortened week. USD/CAD picks up bids to consolidate the recent losses around the yearly low, refreshing the intraday top near 1.3215 amid early Monday. In doing so, the Loonie pair snaps a two-day downtrend while justifying the broad US Dollar recovery, as well…

Recommended by IG Traits of Successful Traders With the conclusion of the recent Federal Open Market Committee (FOMC) meeting, a series of hawkish Fedspeak is lined up on the horizon. We have a glimpse from Fed Governor Christopher Waller and Richmond Fed President Thomas Barkin last Friday, with persistent core inflation still at the top of their minds and that more tightening may need to be done.Nevertheless, market participants continue to have their doubts, with interest rate futures firmly in the camp that the Fed will head towards its final phase of tightening with one last 25 basis-point (bp) move…

While the Arbitrum governance token ARB has been in a consistent downturn since the airdrop in late March, its ecosystem shows healthy growth. A recent Nansen report shows that Arbitrum’s activity improved after the airdrop, stabilizing “at a level higher” than before the airdrop. The daily active users, gas fees and transaction count have maintained consistently higher levels since April 2023. Daily active users of Arbitrum, and Optimism (past 6 months). Source: NansenThe trading volume of DEXs on Arbitrum. Source: DefiLlamaFunds (purple) and smart wallets (green) are still holding ARB. Source: NansenFunding rate across the perpetual swap markets. Source: CoinGlassARB/USDT…

China’s State Council met on Friday. Premier Li Qiang chaired the meeting. In a statement after, said:the Council considered a batch of macroeconomic policies designed to expand “effective demand”, strengthen the real economy and defuse risks in key areas:”it is imperative to introduce policies that are more powerful”“Policies that meet the necessary conditions should be promptly unveiled and implemented without delay,”The statement was light on details though – there were none. Info via China media outlets. Source link

SPDR S&P MIDCAP 400 ETF Trust declares quarterly distribution of $1.5133 Source link