Author: FX
Share: GBP/USD Price Analysis: Cable bears need validation from 1.2500 and UK GDP to keep the reins GBP/USD seesaws around 1.2515 during early Friday morning in Asia, after posting the biggest daily fall since March 07. In doing so, the Cable pair justifies the downside break of a two-month-old ascending trend line, as well as bearish MACD signals. However, an upward-sloping trend line from late March, around 1.2500 round figure by the press time, joins the oversold RSI (14) line suggesting a corrective bounce in the GBP/USD price. Read more… GBP/USD licks BoE-inflicted wounds below 1.2540 hurdle ahead…
GBP/NZD is hitting the top of a key short-term resistance zone! Will today’s U.K. GDP release extend the pair’s downtrend? Before moving on, ICYMI, yesterday’s watchlist looked at GBP/USD testing a range support ahead of the BOE statement. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Bank of England raised the Bank Rate to 4.5% from 4.25% on Thursday as expected; Governor Andrew Bailey promised that the BOE “stay the course” as inflation falls more slowly than…
Crude Oil, WTI, US Dollar, US Jobs, US PPI, Fed, FOMC, EIA, SPR – Talking PointsCrude oil found some respite on Friday after falling over 2% overnightUS Jobs and PPI data led to market hopes of an easing in monetary policyIf the Fed does decide to tilt to be accommodative, will WTI rally? Recommended by Daniel McCarthy How to Trade Oil Crude oil is steady at the start of trade on Friday after retreating overnight with the US Dollar finding firmer footing with the market taking some positives from US data.Jobless claims were above estimates at 264k for last week…
kodda The Biden administration officially proposed new regulations Thursday that aim to drastically reduce greenhouse gases from existing and newly-built power plants, marking the first time the federal government has restricted carbon dioxide emissions from existing power plants, which generate ~25% of U.S. greenhouse gas pollution. The Environmental Protection Agency said its plan would cut carbon emissions from coal plants and new gas plants by 617M metric tons during 2028-42, the equivalent of reducing the annual emissions of 137M passenger vehicles. The plan would force the energy and power industries to quickly bring up to scale carbon- and methane-capturing technology…
US Dollar, DXY, Jobless Claims, Risk Aversion – Briefing: Recommended by Daniel Dubrovsky Get Your Free USD Forecast US Jobless Claims Creeped Higher as Sentiment SouredThe anti-risk US Dollar and Japanese Yen outperformed their major counterparts on Thursday as haven demand boosted their appeal. Meanwhile, the sentiment-linked Australian and New Zealand Dollars underperformed. The DXY Dollar Index gained 0.64% over the past 24 hours, clocking in the best day since March 15th.Last week, it was revealed that 264k jobless claims were filed in the United States. That was the highest outcome since October 2021, representing a 9% increase compared to…
© Reuters. FILE PHOTO: The QBE Insurance logo is seen on an office building in Melbourne February 28, 2011. REUTERS/Mick Tsikas (Reuters) – Australia’s QBE Insurance Group Ltd on Friday marginally hiked its gross written premium (GWP) growth forecast for fiscal 2023 after a strong start to the year for premium growth and on expected increases in premium rates. QBE, the country’s biggest insurer by market capitalisation, now expects growth of around 10% in its constant currency GWP in fiscal 2023, up from its prior forecast of mid-to-high single digit growth. Last year, QBE recorded GWP of $20.00 billion. QBE…
Was scheduled for Friday 12 May 2023, has been shuffled off to next week instead.Via White House statement. -Chatter is that staff-level negotiations that had been continuing were not at a point where it was right to bring progress to the leaders. The White House adds that staff-level discussions ongoing are a positive. LOL. Source link
AUD/USD AND NZD/USD FORECAST: Recommended by Diego Colman Get Your Free AUD Forecast Most Read: EUR/USD Bashed by Risk Aversion, S&P 500 Fumbles but Google Cushions WeaknessAUSTRALIAN DOLLAR TECHNICAL ANALYSISOn Tuesday, I discussed how AUD/USD (Australian dollar – US dollar) has been trading largely sideways since early March, moving predictably within the confines of a lateral channel while flawlessly respecting the upper and lower boundaries of the technical pattern, two regions that can be seen as resistance and support, respectively.The pair (Aussie) challenged the topside of the range (0.6800) it has been stuck in for more than two months earlier…
Share: XAG/USD drops from around $25.40s to $24.10s as US inflation cools and the labor market eases. The RSI indicator and 3-day RoC portray a bearish outlook for Silver, with the 200-DMA on sight. Silver price plummets across the board, as data from the United States (US) showed that inflation is cooling down, while the labor market commences easing amidst US Federal Reserve (Fed) officials complaining about its tightness. US Treasury bond yields drop, but the US Dollar (USD) rises to new weekly highs, a headwind for XAG/USD prices. At the time of writing, the XAG/USD is trading…
Drew Angerer Apple (NASDAQ:AAPL) has marched higher in 2023, helped recently by the release of well-received quarterly results. The upswing has taken the stock to levels not seen since August of 2022. Even as shares of the iPhone maker have climbed, the overall market has faced ongoing concerns about the broader economy and the future of interest rates. Given the macro uncertainty, does Apple remain a buy, even after the recent gains? Earnings and Market Leadership Apple (AAPL) received a boost from its latest earnings figures. The tech giant announced Q2 GAAP EPS of $1.52, beating estimates by $0.09. Meanwhile,…