Author: FX
Share: Gold price has galloped to near $1,960.00 as US weekly jobless claims hit a 19-month high. The market mood could turn cheerful as higher jobless claims would trim hawkish Fed bets. Gold price has managed to defend a breakdown of the Ascending Triangle chart pattern. Gold price (XAU/USD) has shown a sharp run after the release of higher-than-expected United States weekly jobless claims data. The precious metal has jumped to near $1,960.00 as the US Department of Labor reported a significant jump in the initial claims by 28K to 261K for the week ending June 02 while…
Graham Non-GAAP EPS of $0.00, revenue of $43.03M beats by $6.53M Source link
GOLD (XAU/USD) PRICE FORECAST: Recommended by Zain Vawda How to Trade Gold READ MORE: Bank of Canada Comes Out Swinging with 25bps Hike, USD/CAD SlidesGold prices fell around $30 from its high during yesterday’s US session as a surprise hike by the Bank of Canada (BoC) had a ripple effect across the markets. The Bank of Canada followed in the footsteps of the RBA with a surprise 25bps hike with swaps now completely pricing in the probability of a 25bps rate hike from the US Federal Reserve (Fed) in July. However, the probability for a rate hike at next weeks…
© Reuters. FILE PHOTO: A satellite image shows damaged Nova Kakhovka Dam, amid Russia’s attack on Ukraine, in Kherson region, Ukraine, June 6, 2023. PLANET LABS PBC/Handout via REUTERS By Guy Faulconbridge MOSCOW (Reuters) -Mines uprooted and dispersed by floodwaters surging downstream from the breached Kakhovka dam across swathes of southern Ukraine could pose a grave danger to civilians for decades to come, the Red Cross said. The vast Soviet-era Kakhovka dam, under Russian control, was breached in the early hours of Tuesday, unleashing floodwaters across a swathe of the warzone and endangering the lives and welfare of tens of…
Canada’s surprise rate hike got traders selling AUD/CAD yesterday! In case you missed it, the Bank of Canada (BOC) raised its interest rates by 25 basis points to 4.75% after keeping it at 4.50% for three decisions in a row. AUD/CAD, which was consolidating near .8980, fell to the .8900 psychological area before enough AUD buyers stepped in. AUD/CAD 1-Hour Forex Chart by TV What makes yesterday’s downswing interesting is that it stopped at an ascending channel resistance that’s been around all month. Not only that, but .8900 also lines up with the 61.8% Fibonacci retracement of this week’s upswing,…
Share: Silver builds on its steady intraday ascent heading into the European session on Thursday. The intraday technical setup supports prospects for a further near-term appreciating move. A convincing break below the 200-period SMA on H4 is needed to negate the positive bias. Silver regains positive traction on Thursday and stalls the previous day’s retracement slide from over a three-week high – levels just above the $24.00 round-figure mark. The white metal builds on its steady intraday ascent heading into the European session and hits a fresh daily top, around the $23.65 region in the last hour. From…
Here’s one for the commodity traders out there! Check out these near-term inflection points on WTI crude oil. The commodity has been moving sideways for quite some time, and it looks like it’s stuck inside an even smaller range this time. WTI Crude Oil (USOIL) 4-hour Chart by TV On the 4-hour chart above, you can see that crude oil has been pacing back and forth between support around $64-67 per barrel and resistance around $80 per barrel. Price has recently bounced off the floor and is now up to the area of interest at the middle of the range.…
iShares U.S. Telecommunications ETF declares quarterly distribution of $0.1239 Source link
© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato By Ankur Banerjee SINGAPORE (Reuters) – Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.53%, while edged 0.08% higher. Australia’s eased 0.09%. The Bank of Canada (BoC) surprised markets on Wednesday…
Recommended by IG Get Your Free Top Trading Opportunities Forecast A quiet US economic calendar overnight shifted much of the market focus to the Bank of Canada (BoC), who mirrored the Reserve Bank of Australia (RBA)’s decision this week with a surprise 25 basis-point increase. With that, it became the second central bank to reject broad expectations of a rate pause, serving as a reminder that rate pauses from central banks are more of a wait-and-see, rather than a clear end to tightening. The decision reinforces views that we may still see additional tightening from the Federal Reserve (Fed) after…