Author: FX
Yooo CAD/CHF is knocking on a short-term resistance level ahead of Canada’s CPI report! Will bears rush to sell CAD today? Or will CAD/CHF see an upside breakout? Before moving on, ICYMI, yesterday’s watchlist looked at AUD/JPY’s intraday downswing before the RBA meeting minutes release. 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: NY Manufacturing Index for July: 1.1 (-6.0 forecast; 6.6 previous); employees index popped to 4.7 from -3.6 previous; prices paid index fell to 16.7…
© Reuters. An helicopter carries water to a wildfire on the flank of a mountain in Bitsch near Brig, Switzerland, July 18, 2023. REUTERS/Denis Balibouse By Denis Balibouse BITSCH, Switzerland (Reuters) – Swiss firefighters on Tuesday battled a forest fire that forced more than 200 people to evacuate and authorities warned the blaze could spread further if winds pick up and take days or weeks to extinguish fully. Fire broke out on Monday on the forested flank of a mountain in Bitsch in the Valais canton near the Italian border. Helicopters hovered overhead throughout the night to drop water onto…
Eurostoxx flatGermany DAX -0.1%France CAC 40 flatUK FTSE flatSpain IBEX +0.1%This speaks to broader market sentiment, in the sense that traders and investors are likely waiting on the US retail sales data before firming up any convictions on the day. In FX, the dollar remains lightly lower (more on that here) as Treasury yields are also slightly down as we get the session underway. Source link
AUD/CAD looks ready to turn lower from a key resistance zone! Will the pair extend its downtrend? I’m looking at the 15-min chart for clues! AUD/CAD 15-Minute Forex Chart by TV Commodity-related currencies have been on shaky ground lately thanks to weaker-than-expected Chinese data and growth concerns discouraging risk-taking. Fortunately for CAD buyers, the oil-related Loonie is getting some support from crude oil prices inching higher this week. AUD/CAD, which has been making lower highs and lower lows, is now turning lower after failing to break the .9000 resistance on the 15-minute time frame. And why not? Aside from a…
Share: USD/TRY prints three-day uptrend around the all-time peak, grinds higher of late. Turkish President Erdogan visits Saudi Arabia, signs deals of defense, energy, etc., UK also braces for trade deal with Ankara. CBRT braces for another heavy rate hike to tame inflation woes after the previous disappointment. US Retail Sales, Industrial Production will guide intraday moves. USD/TRY bulls flirt with the record peak of around 26.35 heading into Tuesday’s European session, up for the third consecutive day. In doing so, the Turkish Lira (TRY) pair struggles to justify the headline surrounding the trade deal between Saudi Arabia…
Missed the range breakout on WTI crude oil? You might still have a chance at catching the rally on this quick pullback! Let me show you the setup on the 4-hour time frame. WTI Crude Oil (USOIL) 4-hour Chart by TV Crude oil managed to bust out of its range resistance around the $73.50 per barrel mark last week! Price hit a ceiling near $77.50 per barrel and is now pulling back to the nearby support zones. The Fib retracement tool shows where more buyers might be waiting to hop in. In particular, the 38.2% level is at $73.48 per…
British Pound Vs US Dollar, Euro, Japanese Yen – Price Setups:GBP/USD is holding on to its recent gains.Speculative long GBP positioning is at the highest level since 2014.What is the outlook for GBP/USD, EUR/GBP, GBP/JPY? Discover what kind of forex trader you are The British pound is holding on to its recent gains ahead of the key UK inflation data due on Wednesday. UK CPI is expected to have eased a bit to 8.2% on-year in June from 8.7% in May. Core inflation is expected to be flat at 7.1% on-year. On a monthly basis, inflation eased to 0.4% on-month…
© Reuters. A train moves along the Crimean Bridge, a section of which was damaged by an alleged overnight attack, as seen from the city of Kerch, Crimea, July 17, 2023. REUTERS/Alexey Pavlishak (Reuters) – Partial road traffic opened on one lane of the Crimean Bridge late on Monday, Russian Deputy Prime Minister Marat Khusnullin said on his Telegram channel. “Motor transport on the Crimean Bridge has been restored in reverse mode on the most outer right lane,” Khusnullin wrote on Monday. However, ferry operations were suspended early on Tuesday, due to bad weather, Russian agencies reported, citing the Moscow-backed…
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2% and some think it could widen to 3% this year. How the process works:Daily midpoint setting: Each morning, the PBOC sets a midpoint for the yuan against…
gchapel Lithium Americas (NYSE:LAC) rose 1.4% amid a decision by an appeals court to affirm a lower court’s ruling to approve its Thacker Pass lithium mine in Nevada amid opposition from environmental and other groups. The U.S. Appeals Court for the 9th Circuit affirmed a lower court’s decision from February, according to a court filing on Monday. A federal judge in February rejected claims that the Thacker Pass project would cause unnecessary harm to the environment, but allowed construction to begin while the agency provided additional proof that Lithium Americas (LAC) has the mineral rights necessary to dump waste rock…