Author: FX
Dour data out of Japan from March 2023.Get paid less, spend less, right?Anyway:—Still to come from Japan today:USD/JPY little changed on the data release ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Share: AUD/USD bears are in the market and eye a test of trendline support. Bulls committing at the current market structure. The Australian Dollars has been buoyant at the start of the week as the US Dollar continued its retreat amid bets that US interest rates might have peaked, This has seen the price action move deeper into resistance as the following will illustrate: The 4-hour chart shows the price on the front side of the bullish trend with a structure located at around 0.6780. The hourly charts show the price meeting support with resistance near 0.6790. If the resistance…
Primaris Real Estate Investment Trust declares $0.0683 dividend Source link
GOLD PRICES TECHNICAL ANALYSISGold sold off on Friday, but bulls managed to fend off an attack on the psychological $2,000 level, allowing prices to establish a base and rally on Monday, a sign that the path of least resistance remains to the upside, with precious metals benefiting from the view that the Fed’s peak rate has been reached.If XAU/USD remains on its bullish trajectory, the first barrier to watch appears at the $2,050 mark, followed by the 2023 highs just below $2,070. Successfully piloting above this technical hurdle could reinforce the upward impetus, paving the way for a move toward…
The major European indices are closing the session mostly higher:German DAX fell -0.05%France’s CAC rose 0.11%Spain’s Ibex rose 0.70%Italy’s FTSE MIB rose 0.22%The UK markets were closed today in celebration of the coronation of King Charles This article was written by Greg Michalowski at www.forexlive.com. Source link
Share: Economists at Nordea continue to see further hikes at least from the ECB, and think financial markets are pricing in too many rate cuts ahead. Premature peak predictions “Earlier tightening measures are having a clear impact on financing conditions, banking worries in the US continue, but at the same time, inflation numbers remain way too high. There are clearly risks both ways, but we think at least the ECB will hike rates several times further, and do not see rates falling as rapidly as being priced in by financial markets.” “Lagarde was clear that the ECB is…
Why do you trade forex? Let me guess… Because you want to make a ton of money and be able to buy anything you wish? While this is a perfectly valid reason, it will most likely lead to excessive greed and ultimately lead to your trading account’s destruction. You might as well take your money to Vegas and gamble it away instead. Greed is the worst motivation for trading. The market will always punish greed and will reward moderation. There is a fine line between traders and gamblers. When there is real money on the line, there are always those who take blind…
EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Crude Oil Weekly Forecast: Oil Eyeing Further Recovery as Recession and Demand Fears PersistEUR/USD FUNDAMENTAL BACKDROPEURUSD ticked higher this morning following the European open having held above the psychological 1.1000 level last week. Euro bulls do appear slightly exhausted with the 1.1100 level proving a hurdle too far at present.Friday delivered further positives for the US labor market with a positive NFP followed by strong unemployment and growing hourly earnings data. Despite the data market participants held back from adjusting their expectations for the…
Supremex acquires Graf-Pak Source link
The approval of the National Blockchain Policy for Nigeria has left the nation’s crypto community over the moon as it signals room for more development in the nation’s crypto industry. Some local experts have expressed their opinions about the implications of this new policy and the blockchain ecosystem in Nigeria. The government of Nigeria approved a National Blockchain Policy during a meeting on May 3, 2023. A policy draft stated that blockchain and decentralized ledger technology would “facilitate the development of the Nigerian digital economy.” Cointelegraph contacted the local blockchain ecosystem to understand how the industry and the community accept…