Author: FX
S&P 500 FORECAST:S&P 500 rises at the start of the week, reaching its best levels since August 2022Technicals remain positive, but caution is warrantedThe index’s proximity to a key resistance area and its overbought condition may pave the way for a pullback in the near term Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Crude Oil Price Update – Saudi’s Insist on Production Cuts at Extended OPEC MeetingThe S&P 500 charged higher at the start of the new week, reaching its best levels since August 2022 and entering decisively into bull market territory, bolstered by a positive…
Live Oak Bancshares goes ex dividend tomorrow Source link
Litecoin Falls 11% In Bearish Trade Investing.com – Litecoin was trading at $85.260 by 12:01 (16:01 GMT) on the Investing.com Index on Monday, down 10.78% on the day. It was the largest one-day percentage loss since April 19. The move downwards pushed Litecoin’s market cap down to $6.496B, or 0.59% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $85.260 to $94.540 in the previous twenty-four hours. Over the past seven days, Litecoin has seen a drop in value, as it lost 2.14%. The volume of Litecoin traded…
The final PMIs for the US from S&P Global Adam Button Monday, 05/06/2023 | 13:45 GMT-0 05/06/2023 | 13:45 GMT-0 Fourth consecutive increaseBest services reading in 13 monthsPrelim was 55.1Prior was 53.6Composite PMI 54.3 vs 54.5 prelimPrior composite 53.4Both input and output price inflation softenedThis is a slight downgrade and adds a small negative bias to the ISM services data at the top of the hour.Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “The US continued to see a two-speed economy in May, with the sluggishness of the manufacturing sector contrasting with a resurgent service sector. Businesses…
Share: US Dollar preserves its strength at the beginning of the week. US Dollar Index stays in positive territory above 104.00. ISM Services PMI report for May could influence US Dollar’s performance on Monday. The US Dollar (USD) holds its ground to start the new week. The US Dollar Index (DXY), which tracks the USD’s valuation against a basket of six major currencies, stays in positive territory above 104.00 after having gained more than 0.5% on the back of the upbeat May jobs report from the US on Friday. In the second half of the day, the USD’s…
Some days most forex pairs are just going in one particular direction and it makes no sense to go against the herd. However, if you’re a fan of picking tops or bottoms and if you think that these strong trends are already exhausted, you shouldn’t be afraid to take a contrarian approach to your forex trades. When all charts point to a single direction and the current market sentiment is supported by the newswires, it’s easy to understand why many traders hesitate to go against the herd. But as investment pundit Warren Buffett famously said, “We should also be fearful…
Gold Price (XAU/USD) Analysis, Price, and ChartThe Fed is looking set to leave interest rates unchanged next week.Hefty US T-Bill issuance may push short-term rates higher. Recommended by Nick Cawley How to Trade Gold For all market-moving data releases and events, see the DailyFX Economic CalendarGold extends Friday’s post-NFP sell-off and is testing a cluster of recent lows that if broken will leave the precious metal vulnerable to further losses. The US dollar is pushing higher despite a growing feeling in the market that the Federal Reserve will not raise rates at this month’s FOMC meeting, instead deciding to pause…
Fusion Fuel Green reports Q1 results Source link
© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2023. REUTERS/Staff By Shreyashi Sanyal (Reuters) -European shares were flat on Monday as markets struggled to hold on to the tailwind from a rebound seen last week, while London stocks led regional gains following upbeat performances by energy firms on the back of higher oil prices. The pan-European index held near 462.5 points, trading barely within a three-point range, while London’s , housing Europe’s top oil companies, led gains with a 0.5% climb. The European oil & gas…
UPCOMING EVENTS:Monday: US ISM Services PMI.Tuesday: RBA Policy Announcement.Wednesday: BoC Policy Announcement.Thursday: US Jobless Claims.Monday: The ISM Services PMI is expected to come a tick lower at 51.8 vs. 51.9 prior. The market will focus particularly on the prices paid side as core inflation remains stickier much above the Fed’s 2% target with the manufacturing sector contracting and the services one expanding. The S&P Global PMIs have been leading the ISM reports lately and last month the Services PMI surprised with a big beat, so the expectations for the ISM report should be skewed to the upside.Tuesday: The RBA is…