Author: FX
The price of WTI crude oil futures is settling near the high for the day at $77.07. That’s up $1.42 or 1.88%. The low for the day was at $75.69.The closing level is just below the 200-day moving average at $77.18. Recall from last week the price tested that level and rotated back down toward the 100-day moving average currently at $73.68 on Monday and Tuesday of this week. The low price for the week reached $73.82.For the trading week, the price rose 2.20%.Crude oil settles near 200 week MAAccording to the latest Baker Hughes Weekly Rig Count, the number…
Share: In this article we’re going to take a quick look at the Elliott Wave charts of NIKKEI published in members area of the website. As our members know NIKKEI is showing impulsive bullish sequences that are calling for a further strength. Recently we got a 3 waves pull back that has ended right at the Blue Box zone (our buying area) . In the further text we are going to explain the Elliott Wave Forecast and trading setup. NIKKEI Elliott Wave 4 Hour Chart 07.11.2022 NIKKEI is giving us pull back in 3 waves that are reaching extreme area at 32150-31082 blue box ( buying…
It was a very busy week for the forex calendar, bringing both potential opportunities and challenges for our strategists this week. It was arguably a net effective kind of week as we had two out of four strategies that were able to be on the right side of strong short-term momentum moves. AUD/USD 2-Hour Forex Chart by TV On Monday, we saw another dip in the Australian dollar to start the week during the Asia session, this time likely a reaction to the weaker-than-expected GDP and retail sales data from China. This once again supports the outlook that economic conditions…
Share: XAG/USD retreated below the $24.70 level, poised to close a more than 1% weekly loss. USD gained some ground following lower-thank expected unemployment figures on Thursday. All eyes on next week’s Fed decision. At the end of the week, the XAG/USD lost ground and is set to close a weekly loss following three weeks of gains. The USD measured by the DXY index, is recovering and tallied a fourth consecutive day of gains jumping above 101.00 making the grey metal struggle to find demand. The USD gained some ground following labour market data on Thursday, which fueled…
Park-Ohio declares $0.125 dividend Source link
Share: Japan’s Consumer Price Index (CPI) for June reports a YoY increase of 3.3%, slightly above the previous 3.2% figure, but falls short of the anticipated 3.5%. Reuters report on BoJ’s monetary stance causes USD/JPY to break away from the 140.00 range seen through most of the Asian session. The USD/JPY uptrend could continue based on interest rate differentials, but next week’s Fed and BoJ decisions are eyed. USD/JPY rallied back above the 141.00 figure after rumors the Bank of Japan (BoJ) would not change its Yield Curve Control (YCC) emerged, spurring an upward reaction in the USD/JPY…
Share: Mullen stock falls sharply at end of week. Volume is tapering off for MULN over past 10 sessions. Mullen to hold event in Mississippi for first production of Mullen Three. Bollinger Motors is also releasing its B4 cab chassis. Mullen Automotive (MULN) stock is selling off by 6% on Friday, despite a generally advancing market. The NASDAQ, S&P 500 and Dow Jones are all up between 0.2% and 0.3% starting the final session of the week. MULN is set to render its least volatile week in three months if Friday is a low-volume, consolidating session. MULN stock has dropped…
© Reuters. FILE PHOTO: EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Foo Yun Chee BRUSSELS (Reuters) – Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook (NASDAQ:) owner Meta Platforms, the Naspers unit said on Friday. The European Commission has accused Meta of gaining an unfair advantage by tying its classified advertisements service Marketplace with its social network Facebook and imposing unfair trading conditions on rival online classified ads services. Meta, which contested the charges at a closed hearing held by the EU competition…
Gold (XAU/USD), Silver (XAG/USD) AnalysisGold heads lower as US yields and the dollar recover lost groundXAU/USD pullback tests crucial level of confluence supportSilver tests well-defined support level as the week comes to a closeThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow See what our analysts foresee in Q3 for gold Gold Heads Lower as US Yields and the US Dollar Recover Lost GroundGold has turned lower, with the recent lift in the dollar and US yields weighing on the non-interest-bearing…
The advance reading was +0.5%Prior was +1.1% (revised to +1.0%)Ex autos 0.0% vs +0.3% expected (prior was +1.3%, revised to +1.2%)June advance reading 0.0%Year-over-year sales +0.5% vs +1.4% priorComing into this report, core sales had risen for five consecutive months so a flat reading isn’t a big red flag but higher interest rates are undoubtedly starting to bite.Looking through the breakdown of the year-over-year changes, rather than month over month, there’s a 6.9% rise in spending at supermarkets while there have been drops in furniture and building materials. That hints at how the squeeze on consumers has shifted spending towards…