Author: FX
Share: Why will inflation fall so much faster in the United States than in the Eurozone? Analysts at Natixis explain the reasons for this asymmetry between the inflation dynamics in the US and the Eurozone. Four reasons for the different inflation dynamics in the US and the Eurozone “We can expect inflation excluding energy and food to fall below 3% in the United States by the end of 2023, while it will probably still be higher than 5% in the Eurozone.” “We see four reasons to expect inflation excluding energy and food to be significantly higher in the…
EUR/USD, GBP/USD PRICE, CHARTS AND ANALYSIS: Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter READ MORE: Crude Oil Looks to OPEC+ Meeting for Cues; Is Natural Gas Resuming its Downtrend?What is supposed to be a low liquidity Monday given the bank holiday in the UK and the US has been overshadowed by a tentative deal on the US debt ceiling. We have already seen some moves in the Asian session as risk assets eye a recovery following 2 weeks of growing uncertainty. We can see the…
Cadence expands collaboration with Arm with the success of mobile device silicon Source link
CRUDE OIL, WTI, NATURAL GAS, NG – Outlook:Crude oil is holding above tough support, keeping alive the capitulation view.Natural gas has fallen sharply, but the downside could be cushioned.What are the key levels to watch? Recommended by Manish Jaradi Understanding the Core Fundamentals of Oil Trading Crude Oil: Boxed in a rangeCrude oil recouped some of last week’s losses as investors cheered a weekend deal in Washington to raise the government’s debt ceiling, potentially averting a disruptive government default.Oil has managed to hold recover despite Russia’s Deputy Prime Minister Alexander Novak’s comments late last week that OPEC+ wasn’t likely to…
With both Eurozone CPI and U.S. NFP reports scheduled for release, you can bet that I’m looking at EUR/USD this week! The pair is trading just above the 1.0700 psychological handle, which isn’t surprising since we just saw a doji and the inflection point lines up with a trend line support that EUR bears have been respecting since December last year. In this case, the trend line (or ascending channel) support is also around the 61.8% Fibonacci retracement of March’s upswing. The cherry on top of this sweet bullish play is a bullish divergence on the daily time frame. EUR/USD…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
Share: USD/CAD holds lower ground during two-day retreat from monthly high. Bearish MACD signals add strength to pullback moves targeting previous resistance line. Loonie pair’s recovery needs validation from April’s peak. USD/CAD remains mildly offered near 1.3600 as it defends the previous day’s U-turn from a one-month high during Monday’s sluggish Asian session, especially amid the holidays in the US. That said, the Loonie pair’s latest weakness justifies its inability to cross a two-month-old descending resistance line, around 1.3650 by the press time. Adding strength to the downside bias are the bearish MACD signals. With this, the USD/CAD…
Another week, another chance to trade the major currencies! U.S. dollar trading may get spicier in the next few days as we get another round of NFP reports on Friday. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the economic calendar this week: China’s PMI readings China’s recent headlines and data misses have the markets wondering if the second-largest economy in the world is losing steam so soon after reopening its market. Another sneak peek into China’s economic…
Gold, XAU/USD, Treasury Yields, Real Yield, US Dollar, Fed, Debt Ceiling – Talking PointsThe gold price has succumbed to US Dollar strength of late with the Fed in focusTreasury yields and real yields continue to elevate and might add to dollar demandIf Washington resolves the debt ceiling issue, where will XAU/USD end up? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The gold price slid to a 2-month low to start the week as concerns around the US debt ceiling appear to be subsiding at the…
© Reuters. FILE PHOTO: The Internal Revenue Service (IRS) building is seen in Washington, U.S. September 28, 2020. REUTERS/Erin Scott//File Photo WASHINGTON (Reuters) – The budget deal struck by President Joe Biden and House Speaker Kevin McCarthy to end a debt-limit crisis should not change the short-term abilities of tax collectors, according to White House officials. The deal would shift $10 billion each in fiscal years 2024 and 2025 in funding away the Internal Revenue Service, but officials believe the IRS can make due in the near term since they were funded over a 10-year period. They may need to…