Author: FX
© Reuters. FILE PHOTO: A sign is seen near the Bug River at the Poland-Belarus border, near Kostomloty, Poland July 20, 2023. The sign reads: “State border. Crossing prohibited”. REUTERS/Kuba Stezycki/File Photo WARSAW (Reuters) – Poland is planning to move up to 10,000 additional troops to the border with Belarus to support the Border Guard, Defense Minister Mariusz Blaszczak said on Thursday. “About 10,000 soldiers will be on the border, of which 4,000 will directly support the Border Guard and 6,000 will be in the reserve,” the minister said in an interview for public radio. “We move the army closer…
Trend warriors huddle up! If you’re looking for long-term trends to trade, then you’ll definitely want to check out GBP/USD testing a key inflection point. What do you think of the setup? GBP/USD Daily Forex Chart by TV If you’ve been too busy looking at short-term charts, then you should know that the British pound has been in an uptrend against the U.S. dollar since late September 2022 when the pair jumped from the 1.0400 support zone. Fast forward a couple of months and now the pair is trading closer to the 1.2700 psychological handle. What makes the setup interesting…
The US CPI is less than 9 hours away. That is the key economic event for the day and for the week. The Asian Pacific session started off the day as if it was just “buying time” until the “Big Event”. Looking at the major currency pairs vs the USD, the EURUSD had a 15-pip rangeGBPUSD had a 16-pip rangeUSDCHF had a 17-pip range, and the USDCAD also had a 17-pip range.The USDJPY, AUDUSD and NZDUSD all got to around 23-26 pips but some of that was due to wider spreads at the start of the new trading day. Conclusion?…
Share: USD/CAD lacks any firm intraday direction on Thursday and remains confined in a narrow range. Bullish Oil prices underpin the Loonie and caps gains, though a modest USD uptick lends support. The technical setup favours bullish traders and supports prospects for a further appreciating move. The USD/CAD pair struggles to gain any meaningful traction on Thursday and oscillates in a narrow trading band, above the 1.3400 round-figure mark through the Asian session. The technical setup, meanwhile, seems tilted in favour of bullish traders and warrants some caution before positioning for an extension of the corrective decline from…
Market RecapWall Street continued its decline for the second straight day (DJIA -0.54%; S&P 500 -0.70%; Nasdaq -1.17%) with growth sectors bearing the brunt of the sell-off once more, as market participants de-risk in the lead-up to the upcoming US Consumer Price Index (CPI) release. Over the past week, the Nasdaq is down 1.2% versus the S&P 500’s -0.6%. Treasury yields were more mixed overnight, with the two-year yields up 5 basis-point (bp), while the 10-year yields settled close to 4% at its latest issuance. Recommended by Jun Rong Yeap How to Trade FX with Your Stock Trading Strategy With…
The United States Securities and Exchange Commission is moving to appeal a July court decision from its lawsuit against Labs, which had ruled the sale of XRP (XRP) is not a security when sold to retail investors. In an Aug. 9 letter to Judge Analisa Torres — the presiding judge in the case — the SEC said it believed her decision warrants a fresh look by an appellate court.Continue Reading on Coin Telegraph Source link
Artit_Wongpradu Origin Materials (NASDAQ:ORGN) -56.1% post-market Wednesday after saying it is pushing back the timeline and raising the capital budget for completion of its second commercial plant. Citing a “higher-cost capital project environment,” Origin Materials (ORGN) now expects Origin 2 will be completed in two phases, with Phase 1 completion estimated in late 2026 to 2027, and Phase 2 completion projected in 2028, compared with the company’s initial expectation for a mid-2025 completion. The company also said it now sees the capital budget up to $400M for Phase 1 of Origin 2 and up to $1.2B for Phase 2, compared…
If you are serious about trading, key economic releases like the US CPI data provide an opportunity after the fact. They provide a more risky opportunity before the fact. Risk focuses traders will therefore look at the price action and tools applied to that price action and define levels that will increase the bullish bias or increase the bearish bias. The hope is the data comes out, the price moves higher or lower, and the “breaks out” given the data. The event risk is less if you know the data. It is just the market/price risk. In this video, I…
Share: The key event of the day will be the US CPI report for July. During the Asian session, wholesale inflation data is due in Japan, and in Australia, the Melbourne Institute Inflation Expectations report. Here is what you need to know on Thursday, August 10: Thursday is the key day in a relatively quiet week in terms of economic data, with the focus on US inflation data. The Consumer Price Index (CPI) is expected to show a rebound in the annual rate from 3% to 3.3%, while the Core rate is anticipated to remain at 4.8%. The…
Applied Industrial Technologies Q4 2023 Earnings Preview Source link