Author: FX
USD/CAD might be done with its climb, as the forex pair is forming a double top pattern that looks ready to play out. Think price is ready to break below its neckline soon? Better keep your eyes on these levels so you don’t miss a big move! USD/CAD 4-hour Forex Chart by TV As you can see from the chart above, the pair made a couple of failed attempts to bust through the ceiling at the 1.3650 minor psychological mark. Price is back to testing the double top neckline around 1.3525, and a break below this support area could confirm…
EURCHF, D1 The European Central Bank raised its key interest rate by 25 bps during its May meeting, signalling a slowing pace of policy tightening. Nevertheless, borrowing costs have now reached their highest level since July 2008 after 7 consecutive rate hikes as the ECB seeks to combat high inflation, despite ongoing recession risks. The central bank also announced plans to stop reinvesting cash from maturing bonds purchased under the €3.2 trillion APP from July. The latest economic data revealed that the inflation rate in the Euro Area rose to 7% in April, with the core rate remaining near March’s…
Japanese Yen, USD/JPY, US Dollar, BoJ, Ueda, Momentum – Talking PointsUSD/JPY has steadied after testing higher groundThe BoJ is in a ‘do nothing’ mode and that could help YenIf the trend is intact, will USD/JPY stretch higher? Recommended by Daniel McCarthy How to Trade USD/JPY The Japanese Yen has been a thorn and a crown for traders over the last week, providing both headaches and bliss in a wild ride of price action.The fundamental backdrop for Japanese monetary policy remains unchanged for now despite Kazuo Ueda taking the reigns last month as the new Governor of the Bank of Japan…
Gold, XAU/USD, Fed, Rate Cuts, Regional Bank Woes – Briefing:Gold prices aim slightly higher, though erase most gainsMarkets focused on Fed easing and regional bank woesXAU/USD faces negative RSI divergence, Shooting Star Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Risk Appetite Deteriorates After the FedGold prices aimed cautiously higher over the past 24 hours in what was a relatively volatile intraday trading session. XAU/USD briefly touched its highest in over a year in the immediate aftermath of Wednesday’s Federal Reserve monetary policy announcement. But, since then, prices came down. Instead of capturing a gain of almost 2%, gold…
Ligand Pharma up 5% after hours on 2023 guidance boosts Source link
EUR/USD: 1.1100 amount of EUR2.88bn 1.1000 amount of EUR1.67bn 1.0900 amount of EUR1.58bnUSD/JPY: 133.50 amount of USD1.38bnAUD/USD: 0.6630 amount of AUD755.1mn 0.6600 amount of AUD736mnUSD/CAD: 1.3695 amount of USD1.87bn 1.3685 amount of USD1.76bn 1.3525 amount of USD515.5mnFor more information on how to use this data, you may refer to this post here. Source link
APPLE EARNINGS REPORT KEY POINTS:Apple’s earnings surprise to the upside, beating on both EPS and revenue expectationsShares of the tech company rally in extended trading following second-quarter resultsNasdaq 100 futures retrace regular-session losses Recommended by Diego Colman Get Your Free Equities Forecast Most Read: USD/JPY Loses Altitude and Sinks to Support, AUD/USD Defies Ironclad ResistanceApple shares gained as much as 3% in extended trading after the tech giant reported better-than-expected quarterly results, sending Nasdaq 100 futures slightly higher following a subdued performance during the regular trading session.According to the iPhone maker’s financial disclosure for its fiscal second quarter, earnings per…
Share: GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate: Read More… The Pound Sterling (GBP) recovers year-to-date highs just short of 1.2600 against the US Dollar (USD) after hawkish comments from the President of the European Central Bank (ECB) Christine Lagarde on Thursday. After an initially bearish reaction to the ECB policy announcement the…
Kelt Exploration GAAP EPS of C$0.08, revenue of C$139.57M Source link
Recommended by Diego Colman Get Your Free JPY Forecast USD/JPY TECHNICAL ANALYSISUSD/JPY posted heavy losses on Thursday, down about 0.5% in afternoon trading, one day after the Federal Reserve flagged a possible rate hike pause following 500 basis points of cumulative tightening since March 2022. Risk aversion also appeared to benefit the Japanese yen, with the U.S. equity market underwater, dragged lower by banking sector woes and fears that more regional banks will bite the dust soon.In terms of technical analysis, USD/JPY has pulled back significantly after a failed attempt to recapture its 2023 highs established in March. As the…