Author: FX
EUR/USD daily chartThe drop in the euro today comes as traders are also pulling back on odds of a 25 bps rate hike by the ECB next month. That has been trimmed to ~51% now from around ~65% before the PMI data. In turn, this is all weighing on the euro with EUR/USD now nudging towards key technical support as outlined here earlier.The 1.0800 mark and the 200-day moving average (blue line) at 1.0797 are the key levels to watch at the moment. Keep in mind as well that there are large option expiries at 1.0800 for the pair as…
USD/CNH is expected to trade within a range bound theme for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Source link
This forex pair is in correction mode and might find sellers at these nearby inflection points. On the hourly time frame below, you can see that AUD/USD is cruising below a falling trend line that’s been holding so far this month. Can the upcoming U.S. PMI figures let the downtrend gain traction? AUD/USD 1-hour Forex Chart by TV Earlier today, Australia already released its own flash PMIs for August, and the results weren’t so good. The manufacturing sector reported a dip from 49.6 to 49.4 while the services industry saw a decline from 47.9 to 46.7, both reflecting a sharper…
Voxtur Analytics reports Q2 results Source link
After breaking below a trend line support, bitcoin (BTC/USD) looks ready to bounce from a technical support zone. What do you think? We’re looking at the daily chart today, yo! Bitcoin (BTC/USD) Daily Chart by TV As you can see, BTC/USD recently broke below a trend line support that’s been around since the start of the year. Interestingly, bitcoin’s selloff also took a breather right around the time when BTC/USD hit key area of interest. I’m talking about the $26,000 psychological level, yo! Not only has the $25,500 – $26,000 area served as resistance back in February, but it was…
5/5 © Reuters. A man walks past election campaign posters in Macheke, Zimbabwe, August 22,2023.REUTERS/Philimon Bulawayo 2/5 By Nyasha Chingono and Nelson Banya HARARE (Reuters) – Zimbabweans vote on Wednesday with many citizens desperate for change after two decades of relentless economic chaos but sceptical that the ruling ZANU-PF party will allow a credible election or any loosening of its stranglehold on power. President Emmerson Mnangagwa is seeking re-election after a first term during which runaway inflation, currency shortages and sky-high unemployment continued to make life a misery for Zimbabweans, many of whom rely on U.S. dollar remittances from relatives…
Both the Australian and New Zealand dollars are higher on the session, as is CAD. The commodity complex is being viewed more favourably. Iron ore specifically for the AUD, Dalian iron ore is around its 2 year high price, up 5% or so on the day.The dissonance of course is that if takes a 2 year high for AUD to hit its highest since last week, and barely off its 2023 lows … well, don’t rely on this for extended gains. Source link
Share: USD/MXN stays pressured at the lowest level in three weeks while taking offers to 16.90 amid early Wednesday. In doing so, the Mexican Peso (MXN) pair ignores the broad US Dollar strength by printing a six-day losing streak amid downbeat options market bias for the pair, suggesting the market’s optimism for Peso. It’s worth noting, however, that the cautious mood ahead of the preliminary readings of the August month Purchasing Managers Indexes (PMIs) for the US restricts the immediate downside of the USD/MXN pair. That said, the options market data from Reuters portrays a bearish bias of…
posteriori/E+ via Getty Images U.S. natural gas prices fell Tuesday, almost fully reversing the previous session’s 3%-plus increase, as Hurricane Hilary failed to disrupt much energy production in California, while Tropical Storm Harold missed offshore production areas in the Gulf of Mexico. Nymex natural gas (NG1:COM) for September delivery settled -2.7% to $2.560/MMBtu, the front month’s fourth loss in the past six sessions. ETFs: (NYSEARCA:UNG), (UGAZF), (BOIL), (KOLD), (UNL), (FCG) European gas prices moderated after Woodside Energy CEO Meg O’ Neill said the company was making progress toward resolving a labor dispute in Australia that threatens to disrupt as much…
© Reuters. A Toll Brothers housing development is shown in Carlsbad, California, U.S., May 21, 2018. REUTERS/Mike Blake/file photo (Reuters) – Homebuilder Toll Brothers (NYSE:) Inc beat Wall Street estimates for third-quarter profit on Tuesday, as demand for luxury homes in a tighter resale market boosted new home sales. Shares of the luxury homebuilder rose 1.2% in aftermarket trading. Homebuilders such as D.R. Horton and PulteGroup Inc (NYSE:) have reported quarterly earnings ahead of Street estimates. Homebuilders have seen a sequential boost to their profit margins as costs and construction time decline. “Market for new homes continues to benefit from…