Author: FX
Trading Leveraged Products is risky The USD continues under pressure (USDIndex 100.88) after a monumental week saw the FED & ECB’s 25 bp hikes (could it be the last from the FED?), another US bank failure, a jobs report beat, (253k vs 181k) and better than expected earnings, especially, from the biggest of all companies – Apple. Stocks rallied on Friday, and have followed through in Asia today, Yields cooled again with the AUD and NZD outperforming. The UK and France are closed on quiet data day. Berkshire Hathaway announced $35.5bn profits Week Ahead Topped by US CPI data…
Share: Silver oscillates in a narrow trading band through the first half of trading on Monday. The technical setup favours bullish traders and supports prospects for further gains. A convincing break below the $24.50-40 area is needed to negate the positive bias. Silver fails to capitalize on Friday’s bounce from the 200-hour Simple Moving Average (SMA) and oscillates in a narrow trading band through the early European session on the first day of a new week. The white metal currently trades around the $25.65-$2,5.70 region, nearly unchanged for the day, though the technical setup favours bullish traders. The…
There are many ways to trade a trend continuation strategy in a trending market condition. Trading on pullbacks using a Dynamic Area of Support or Resistance is probably one of the simplest ways traders may trade such type of trading strategy. The only element of the trade setup that a trader would need after determining the area where price would pull back towards is the trade entry. The strategy below shows us how we can use the OsHMA Indicator as a trade entry signal when used in a trend continuation type of strategy. OsHMA Indicator The OsHMA Indicator is a…
US Dollar, DXY Index, USD, US Jobs, Crude Oil, Gold, CPI, AUD/USD – Talking PointsThe US Dollar is struggling to hold ground despite higher Treasury yieldsSentiment has improved on hopes of a soft landing for the US economyThe USD remains trapped in a range. Will the DXY index bounce? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US Dollar’s vulnerability has continued to start this week after sliding lower to close out last week. This is despite 253k non-farm US jobs being added in April,…
Credicorp GAAP EPS of S/ 17.36, revenue of S/ 4.46B Source link
The BOE decision is lined up this week, and we just might see profit-taking even after they hike rates. If that’s the case, sterling could be poised for a round of weakness against the Kiwi, especially if New Zealand prints a rebound in inflation expectations. Do you think this would be enough to spur a downtrend for GBP/NZD? Before you check out the setup, make sure you know all of last week’s major market movers as well as this week’s potential market catalysts! GBP/NZD 4-hour Forex Chart by TV After seeing another round of stronger-than-expected CPI readings, the U.K. central…
© Reuters. FILE PHOTO: A passerby is reflected on an electric monitor displaying the graph of recent moments of the Japanese yen exchange rate against the U.S. dollar outside a brokerage in Tokyo, Japan May 2, 2023. REUTERS/Issei Kato By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Monday as investors braced for a week where U.S. inflation data will test wagers the next move in interest rates will be down, while worries about a possible credit crunch weighed on the dollar. Friday’s robust U.S. payrolls report has already delivered a setback to easing hopes and any upside…
It’s gonna be another busy week in the FX market since we’ve got the BOE decision plus a handful of inflation-related data lined up. Will the U.K. central bank follow through on rate hike expectations? And will upcoming CPI and PPI reports suggest scope for more tightening? Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched economic indicators on the economic calendar this week: U.S. inflation reports Things might start heating up for the U.S. dollar midweek, as Uncle Sam is scheduled…
The (Walt Disney)，a diversified international family entertainment and media enterprise founded since 1923, shall release its Q2 2023 earnings result on May 10th (Wednesday), after market close. The company operates via two main segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The former covers the company’s global film, television content production and distribution activities, while the latter encompasses parks and experiences and consumer products. Fig.1: Walt Disney Revenue (in billion US dollars). Source: Statista Walt Disney generated $23.5B revenue in Q1 2023, up 16.67% from the previous quarter, and up 7.75% from the same…
National Australia Bank Business Survey for April 2023Confidence ‘improved’ to flat on the month.Conditions, which is less of a sentiment-driven measure dipped a little to 14 from 16. is still a strong result NAB comments: “Demand is still very strong, as demonstrated by elevated trading conditions, and employment is also holding up reflecting the strength of the labour market,” “Overall, the survey shows the economy remains resilient. We continue to expect consumption growth to slow as the effect of higher rates further impacts in.” Price indications (inflation Inflation Inflation is defined as a quantitative measure of the rate in which…