Author: FX
AMC, SOS and CVV among mid-day movers Source link
OIL PRICE FORECAST:Oil Mixed Today Following an Improved European and US session as Sentiment briefly improved.US Rig Count for Week Ended August 18 Drops to 520 from a Previous 525.Technicals Flashing Mixed Signals with Overall Improvement in Sentiment needed for a Sustained Push Higher.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section.Free Guide to Oil for Q3 Below Now Recommended by Zain Vawda Get Your Free Oil Forecast Most Read: What is OPEC and What is Their Role in Global Markets?Oil prices finished last week strong with WTI putting in a gain…
We’ve got a whole bunch of flash PMI reports lined up from the Eurozone this week! What are markets expecting and how can the results affect ECB interest rate hike plans? More importantly, how might EUR pairs react? Event in Focus: Euro Area Flash Manufacturing & Services PMIs A purchasing managers index (PMI) comes from a survey conducted among a few hundred purchasing managers in major business sectors, such as the manufacturing and services industries. An index reading of 50.0 and above hints at optimism and industry expansion, while a reading of 49.9 and below denotes pessimism and possible industry…
Japanese Yen (USD/JPY, EUR/JPY) AnalysisAsian geopolitics takes center stage as FX intervention likelihood easesUSD/JPY bullish momentum continues as 10-year treasury yield risesEUR/JPY trades higher off support – LT ascending channel continuesLarge speculators foresee more yen weaknessThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Get Your Free JPY Forecast Asian Geopolitics Takes Center Stage as FX Intervention Likelihood EasesUS President Joe Biden welcomed Japanese and South Korean leaders to Camp David, condemning China’s recent “dangerous and aggressive behaviour”. The meeting comes…
The major indices are trading higher to start the day and the week. The S&P and NASDAQ are looking to break 4-day down streaks. The earnings calendar is largely complete, but Nvidia will report earnings on Wednesday. Their shares are surging by $16 in early US trading ahead of those earnings:A snapshot of the markets shows (9:36 AM ET):Dow industrial average of 56.21 points or 0.16%S&P index of 20.02 points or 0.46% at 4389.74NASDAQ index up 95.06 points or 0.72% at 13385.83Shares of Nvidia are up $16.05 or 3.71% at $449.04.Also rising today are:Palo Alto Networks up 14.98% after announcing…
Share: Natural Gas rallied to $2.77 in European trading hours and reverses as US markets open up. The US Dollar moves sideways as traders await the Jackson Hole Symposium on Friday. The overall technical picture sees Natural Gas being supported by an important technical indicator. Natural Gas price jumps higher above Friday’s high as talks failed to reach an agreement in Australia. Wage negotiations are going nowhere between port authorities and workers in one of the most important LNG terminals in Australia. More workers in ports and terminals across Australia are joining the demand for higher wages, pointing to a…
You may not notice this, but the focus you give to your trading activities will have a big impact on your trading progress. Trader A who spends an hour focusing on the charts will likely execute more setups than Trader B who spends the same hour looking at both the charts and his Discord channels. Meanwhile, Trader C who only looks at AUD/JPY’s 15-minute chart may miss reversals foreshadowed by the 1-minute charts, or miss similar setups presented by other AUD or JPY pairs. If you want to maximize the impact of your efforts, then you should be aware of…
GBP PRICE, CHARTS AND ANALYSIS:For your Free Forecast Guide to Q3 on the GBP, Download It Below Now Recommended by Zain Vawda Get Your Free GBP Forecast Read More: US Dollar Forecast: Will Fed Chair Powell Inject Further Momentum at Jackson Hole?GBP held its own last week against its G7 peers with expectations for higher rates in the UK underpinning the Pound. The US Dollars ongoing rally met with GBP buying pressure has left the pair rangebound for about 3 trading weeks with a breakout elusive at this stage.Currency Strength Chart: Strongest – CHF, Weakest – NZD.Source: FinancialJuiceThe currency strength…
SS&C to acquire Iress' managed funds administration business Source link
5/5 © Reuters. FILE PHOTO: The shells of burned houses and buildings are left after wildfires driven by high winds burned across most of the town in Lahaina, Maui, Hawaii, U.S. August 11, 2023. Hawai’i Department of Land and Natural Resources/Handout via REUTERS 2/5 By Steve Holland SOUTH LAKE TAHOE, California (Reuters) – President Joe Biden’s duty as consoler-in-chief will be put to the test on Monday when he visits Maui, nearly two weeks after wildfires swept through the Hawaiian island and killed more than 100 people. Biden will pause his vacation in Lake Tahoe to fly from Reno, Nevada,…