Author: FX

© Reuters. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo WASHINGTON (Reuters) – U.S. bank regulators released a proposal Thursday that would direct the nation’s largest banks to raise their capital, arguing a larger cushion is needed to ensure stability. The proposal, if implemented, would raise capital an aggregate 16% for larger banks, and also apply several stricter rules to banks with over $100 billion in assets. The sweeping plan would overhaul how banks gauge risk in…

Headlines:Markets:NZD leads, USD lags on the dayEuropean equities higher; S&P 500 futures up 0.6%US 10-year yields up 1.8 bps to 3.868%Gold up 0.2% to $1,976.47WTI crude up 0.9% to $79.51Bitcoin down 0.3% to $29,481The dollar was mildly lower in Asia but extended its post-FOMC losses in Europe today. Powell kept the door open for a September move but was not adamant about it and markets took that as a message that perhaps we have already seen a peak in interest rates in the US.EUR/USD moved up from 1.1100 to 1.1150 and is holding just below that while GBP/USD pulled higher…

Share: The Franc continued to strengthen against the Euro in July. However, economists at Commerzbank still see a moderately weaker CHF in the course of the year. SNB should increasingly tolerate a weaker Franc We have adjusted our EUR/CHF forecast slightly downwards, but maintain the view that the Franc should weaken moderately medium-term. Price pressures and the risk of second-round effects should continue to ease in the coming months so that the SNB could tolerate a weakening of the Franc to some extent. And with the ECB likely to remain quite hawkish, the EUR should be supported from…

S&T Bancorp declares $0.32 dividend Source link

EUROPEAN CENTRAL BANK (ECB) PREVIEW: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Fed Hikes Rates After Short Pause, Gold and US Dollar Forge Separate PathsCentral Banks take center stage this week with the Federal Reserve kicking things off with eyes now turning to the European Central Bank (ECB) and President Christine Lagarde. It’s been an interesting ride for the ECB in 2023 with positive signs at the beginning of year now finally starting to wane as the rate hike cycle appears to be bearing fruit.Over the past week or so we have seen signs that the…

The U.S. advanced GDP report is coming up today! Will downbeat growth figures spur a reversal on AUD/USD? Check out this chart pattern and inflection points I’m watching on the hourly chart. AUD/USD 1-hour Forex Chart by TV It looks like Aussie bears are struggling to take this pair below the .6725 support area! Price is now testing the double bottom neckline at the .6800 major psychological mark and R1 (.6810), and a break higher could confirm that a reversal from the selloff is underway. In that case, AUD/USD could climb by the same height as the chart formation, which…

EUR/JPY has been having a good year so far. So what’s up with the pair getting rejected at 158.00 TWICE? Are we looking at the start of a bearish reversal for EUR/JPY? EUR/JPY Daily Forex Chart by TV As you can see, EUR/JPY has been in an uptrend since breaking above the 146.00 range resistance in back in mid-April. The pair hit a resistance at 158.00, though, not once but TWICE since late June. In fact, EUR/JPY is forming what looks like a Double Top pattern on the daily time frame. Is EUR/JPY headed for a bearish reversal? Look out…

To keep things short, they tried to leave the door open for September but as evident in the language and from Powell’s press conference, they are not going to push for it. I’d put emphasis on the word ‘tried’ in the description above. Powell himself alluded to data dependency and he just reaffirmed market expectations by saying “we could hike in September but at the same time, we could also hold rates unchanged”.Fed funds futures curveThe change in the Fed funds futures curve has been relatively minor as evident above. But given that the Fed is not pushing back against…

Share: Rally in Microsoft (ticker: MSFT) from the 11.4.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 11.4.2022 low, wave ((1)) ended at 263.92 and pullback in wave ((2)) ended at 219.35. The stock rallies again in wave ((3)) which ended at 366.82 as the 30 minutes chart below shows. Wave ((4)) pullback is currently in progress as a zigzag Elliott Wave structure. Down from wave ((3)), wave 1 ended at 352.01 and rally in wave 2 ended at 357.97. The stock resumes lower in wave 3 towards 345.37 and wave 4 ended at…

In a widely expected move, the Federal Reserve (Fed) hiked its policy interest rate by 25 basis-point (bp) to the 5.25%-5.5% range and left the door open for another hike in September. But given that Fed Chair Jerome Powell also guided for rate decisions to be on a “meeting-by-meeting” basis, additional tightening moves still lack commitment at current point in time. In light of the Fed’s data-dependent stance, along with the broader trend of moderating US inflation, Fed rate expectations remained firm for an extended pause through the rest of the year.Perhaps something to keep on the back of mind…