Author: FX
Rio Tinto to invest $395M in Pilbara desalination plant; reaffirms capex guidance Source link
© Reuters. FILE PHOTO: The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov By Lewis Jackson SYDNEY (Reuters) – Australia’s largest pension fund will pause use of the domestic unit of auditor PricewaterhouseCoopers (PwC) as the “big four” firm reels from a national scandal over its use of confidential government tax plans to drum up work with global clients. The roughly A$290 billion ($196.71 billion) fund, AustralianSuper, has frozen new contracts with PwC and expressed concerns about the scandal “at the highest level”, according…
Missed the double bottom breakout on EUR/NZD? If you’re still bullish on this pair, you might have a chance to catch the rally on this pullback! Check out these support levels where buyers might be looking to hop in. EUR/NZD 1-hour Forex Chart by TV I’m looking at this sweet retracement setup on the hourly chart of EUR/NZD, as the Fibonacci tool highlights the areas of interest. In particular, I’ve got my eye on the 50% level since it lines up with the broken neckline of the double bottom chart pattern and is near the 1.7500 major psychological support. A…
The White House with the announcement:US President Biden will deliver an Oval Office address at 7 pm tomorrow on the debt ceiling and budget bill passageThats well after market hours (unless you are trading crypto of course).-I’m not sure of he has any comments planned after the NFP. Source link
Share: NZD/USD is aiming to recapture 0.6080 as the USD Index is preparing for a fresh downside. US equities have managed to maintain Thursday’s bullish sentiment, portraying an upbeat market mood. Hopes of a recession and weak economic activities are supporting a pause in the Fed’s policy-tightening spell. The NZD/USD pair has moved to near the crucial resistance of 0.6080 in the Asian session. The Kiwi asset has gained strength as the US Dollar Index (DXY) is preparing for a fresh downside. The USD Index is expected to refresh its weekly low below 103.50 as support for a…
Crude Oil, OPEC+, WTI, US Dollar, Economic Data, Treasury Yields – Talking PointsCrude oil found firmer footing going into the Friday session after dippingThe June OPEC+ meeting could see some action with conflicting views among membersThe technical picture might be saying something. Will WTI resume rallying? Recommended by Daniel McCarthy How to Trade Oil The crude oil price went to a three-week low yesterday before staging a solid recovery with markets taking onboard some positive economic news and the US Dollar facing some headwinds. The market is now focusing on the OPEC+ meeting that kicks off this weekend.China’s better-than-expected Caixin…
iShares iBoxx $ Investment Grade Corporate Bond ETF declares monthly distribution of $0.3487 Source link
As Nikkei soars, Japanese investors rush for the exits Source link
nonfarm payrolls and the consensus estimateConsensus estimate +190K (range +100K to +293K)Private +165KFebruary +311KMarch +236KApril +190KUnemployment rate consensus estimate: 3.5% vs 3.4% priorParticipation rate prior 62.6% Prior underemployment U6 6.6%Avg hourly earnings y/y exp +4.4% y/y vs +4.4% priorAvg hourly earnings m/m exp +0.3% vs +0.5% priorAvg weekly hours exp 34.4 vs 34.4 priorHere’s the May jobs picture so far:ADP employment 278K vs 170K expected ISM manufacturing employment 51.4 vs 47.1 prior ISM services employment 51.3 vs 50.8Challenger Job Cuts +80.1K vs +67.0K priorPhilly employment -8.6 vs -0.2 priorEmpire employment -3.3 vs -8.0 priorInitial jobless claims survey week 225K vs…
Share: USD/CHF forms a bearish harami pattern, reversing from resistance at 0.9120 to exchange around 0.9050. Despite a bullish RSI, the uptrend wanes due to strong resistance from the 100-day EMA and poor US economic data. The risk of a daily close below the 20-day EMA at 0.9058 poses a potential challenge to the 0.9000 mark. USD/CHF pares some of its Wednesday’s gains, forming a bearish harami two candlestick pattern at a juncture with resistance at around the 0.9120 area, capping the advance of the major. Therefore, USD/CHF retreated below 0.9100 and exchanges hands around the 0.9050 area.…