Author: FX

USD/ZAR AnalysisChinese woes impact rand valuations as South African Reserve Bank keeps rates on hold in JulyZAR receives slight reprieve as US inflation posts modest riseUSD/ZAR long-term trend remains unopposedThe 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 Top Trading Opportunities Forecast Chinese Woes Impact ZAR as the SARB Keeps Rates on HoldMuch of this year’s optimism around emerging markets was based on China’s economic recovery as the economy emerged from targeted lockdown policies to restrict Covid infections.…

Cineplex GAAP EPS of C$1.99, revenue of C$423.1M Source link

US Dollar (DXY) Price, Chart, and AnalysisThe US dollar sheds half a point after the CPI release.Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core inflation fell to 4.7% y/y, the lowest level since October 2021, while headline inflation rose from 3% to 3.2% but missed market expectations of 3.3%.For all market-moving data releases and economic events see the real-time DailyFX calendarBureau of Labor Statistics ReleaseThe marginally better-than-expected report sent the US…

2/2 © Reuters. Shoppers crowd a supermarket to buy food ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 22, 2022. REUTERS/Jim Vondruska 2/2 WASHINGTON (Reuters) – U.S. consumer prices increased moderately in July amid lower costs for goods, including used motor vehicles, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month. The CPI rose 0.2% last month, matching the gain in June, the Labor Department said on Thursday. Though the increase in the annual CPI rate picked up for the first time in 13 months, that was because it was calculated from…

US Dollar (DXY) Price, Chart, and AnalysisHeadline US inflation y/y is expected to push higherUS dollar volatility near multi-month lows. Recommended by Nick Cawley Get Your Free USD Forecast Financial markets are in wait-and-see mode ahead of the latest US inflation report that is due to be released today. Market volatility across most US dollar pairs is close to multi-week lows and any miss or beat may stoke some much-needed price action.After 11 interest rate hikes since March 2022, the Federal Reserve is now seen leaving rates unchanged at the next four FOMC meetings before embarking on a rate-cutting program…

Here’s a snapshot of things so far today:Eurostoxx +0.8%Germany DAX +0.4%France CAC 40 +0.8%UK FTSE -0.1%S&P 500 futures +0.6%Nasdaq futures +0.7%Dow futures +0.5%It’s a solid rebound after dip buyers were dealt a blow late yesterday in US trading. The question now though is, can this carry on until the end of the day? A lesson to be heeded was that things also started brightly in European morning trade yesterday for stocks.And this time around, there’s also the curveball from the US CPI report coming up later. The bulls will be hoping for that to carry the early optimism shown today.…

Share: Gold price struggles to sustain as investors await US inflation data. United States inflation data for July is expected to provide meaningful cues. US credit card spending remained the highest ever in Q2, and delinquencies rise. Gold price (XAU/USD) discovered an intermediate cushion after printing a fresh monthly low on Thursday. The precious metal remains on tenterhooks as forward action will be guided by the pace of inflation in the July US Consumer Price Index (CPI) data on inflation. Gold price doesn’t find meaningful support despite a decline in the US Dollar. It seems that the impact…

GBP PRICE, CHARTS AND ANALYSIS:GBP/USD Bulls Return as Cable Retests the 1.2750 Mark in Early European Trade.Choppy Price Action May be Down to Seasonality as the US CPI and UK GDP Releases are Sorely Needed to Stoke the Volatility and Provide Direction.Eyes on a Potential Range Breakout of the 100-Pip Range Which Has Been Prevalent This Week.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section. Recommended by Zain Vawda Get Your Free GBP Forecast Read More: Gold (XAU/USD) Remains Subdued as the DXY Continues to AdvanceCable has enjoyed a mixed week thus…

Photocure ASA reports Q2 results Source link

I’m looking at another descending triangle on another dollar pair today! This time I’ve got this AUD/USD setup ahead of the U.S. PPI and UoM consumer sentiment data. Dollar traders are still playing it cool ahead of these top-tier reports that would likely influence Fed tightening plans, so I’m counting on bigger moves to happen once the numbers are out. AUD/USD 1-hour Forex Chart by TV For now, AUD/USD is stuck inside a consolidation pattern, forming lower highs and finding support around the .6520 area. Price is bouncing off support while Stochastic is moving up, suggesting that another test of…