Author: FX
Share: Strategists at Société Générale analyze Copper’s technical outlook. Risk of a deeper pullback towards 7945 on failure to defend 8070 “Copper has revisited the potential support near 8090/8070 representing confluence of a multi-month trend line, the lower band of a steep channel and projections for the decline since January.” “Formation of a daily bullish engulfing denotes possibility of a rebound towards the channel upper limit near 8450. A cross above this is essential for denoting an extended bounce.” “In the event Copper fails to defend 8070, there is risk of a deeper pullback towards 7945, the 61.8%…
Bitcoin (BTC) Prices, Charts, and Analysis:Bitcoin edges higher but price action lacks conviction.US debt ceiling talks may provide the next driver. Recommended by Nick Cawley Get Your Free Bitcoin Forecast US President Joe Biden is ‘confident that we’ll get an agreement on the budget’ after talks yesterday with House Speaker Kevin McCarthy on the looming debt ceiling and possible US debt default. Republican McCarthy added to the positive tone of the meeting saying that ‘we’ve already taken default off the table’ and that the ‘structure of how we negotiate has improved’. The more optimistic tone between the two sides boosted…
Marwest Apartment Real Estate Investment Trust reports Q1 results Source link
Jobs data has been coming in weaker than expected for Australia lately. Is AUD/CHF in for a bearish breakout soon? AUD/CHF 1-hour Forex Chart by TV AUD/CHF has been pacing back and forth between resistance at the .6020 area and support around .5875 for nearly a month already. Price is currently stuck above the area of interest at the middle of its range, and technical indicators plus those lower highs suggest that bearish pressure is building up. The 100 SMA is below the 200 SMA to reflect downside momentum while the 200 SMA recently held as dynamic resistance. To top…
There is just one to take note of, as highlighted in bold.That being for EUR/USD at the 1.0805-20 region, which may add to some downside support for the pair close to the 100-day moving average as well as bids layered near the 1.0800 mark. That will remain the key technical level to watch in EUR/USD this week as the dollar continues to keep firmer.Besides that, there isn’t really much else of significance.The source (Eikon) I’m using for the expiries appears to be fixed now (took them long enough), so I’ll try and put up the weekly view again from hereon.For…
The U.S. dollar is way off its monthly lows! Is it now time for the bears to rain on the bulls’ parade? Or can the Greenback keep its momentum and hit higher areas of interest? U.S. Dollar Index (DXY) Daily ForexChart by TV As you can see, the U.S. dollar index (DXY) is trading above the 102.00 psychological handle after weeks of hanging around 101.20 April lows. Can dollar bulls sustain their momentum? It would be a challenge with the 100 SMA already testing the dollar’s buying demand. It also doesn’t help that DXY is already nearing the 103.40 mid-range…
Share: GBP/USD is showing a lacklustre performance below 1.2500 amid the absence of a critical trigger. Market sentiment is positive as fears of catastrophic US default have trimmed sharply. UK Hunt’s promise of bringing down higher taxes to reduce pressure of higher inflation households could induce retail demand. The GBP/USD pair is displaying a back-and-forth action below the psychological resistance of 1.2500 in the Tokyo session. The Cable is failing to deliver decisive action amid the absence of critical triggers. The USD Index is making efforts for defending its downside near 1.2480, however, the downside seems favoured as the…
Australian Dollar, AUD/USD, US Dollar, Unemployment, RBA, CPI – Talking PointsThe Australian Dollar slid lower after the unemployment rate ticked upIt might be a case of bad news is good news for the RBA and the inflation fightThe overnight low has held so far. If it’s breached, how low will AUD/USD go? Recommended by Daniel McCarthy Trading Forex News: The Strategy The Australian Dollar dipped after a soft jobs report that saw a bump up in the unemployment rate that could help to alleviate price pressures which might see the RBA refrain from hiking in May.The unemployment rate was 3.7%…
Dzmitry Dzemidovich SPAC Goldenbridge Acquisition Corp. (NASDAQ:GBRG) (SDA) has completed its planned merger with Chinese auto insurance and services provider SunCar Technology Group. Shares of the combined company are expected to begin trading Thursday on Nasdaq under the symbol SDA. Goldenbridge shareholders approved the merger on April 14. Goldenbridge had originally been slated to merge with Chinese work solutions provider AgiiPlus. The deal was mutually terminated in May 2022. Source link
© Reuters. FILE PHOTO: U.S. Secretary of State Antony Blinken delivers the Closing Plenary Keynote address at the Cities Summit of the Americas in Denver, Colorado, U.S. April 28, 2023. REUTERS/Kevin Mohatt/File Photo By Humeyra Pamuk and Patricia Zengerle WASHINGTON (Reuters) -The U.S. State Department on Wednesday said two top members of the House Foreign Affairs Committee can view a redacted version of a classified cable about the chaotic August 2021 U.S. withdrawal from Afghanistan sought by the committee’s Republican chairperson. The chairperson, Representative Michael McCaul, scheduled a committee meeting next week to consider a contempt of Congress charge against…