Author: FX

Discover what kind of forex trader you are Following a downside surprise in the recent US consumer price index (CPI) data, the release of US June producer prices overnight further reinforces the narrative of abating inflation risks, paving the way for Wall Street to add to recent gains (DJIA +0.13%; S&P 500 +0.61%; Nasdaq +1.58%). Strength was largely concentrated in the growth sectors however, with performance heavy-lifted by megacap tech stocks once more (NVDA +4.7%, GOOG +4.4%, AMZN +2.7%, TSLA +2.2%).The US headline producer price index (PPI) for June came in at a 0.1% growth from a year ago, way…

The speculation of a policy tweak at the Bank of Japan July 27 and 28 meeting is still flourishing. Today we’ve had two separate threads, inflation forecasts solidifying higher, and talk of a YCC change at the upcoming meeting:Yen is still catching a tailwind: Source link

Share: Gold Price braces for the biggest weekly gain since early April, poking monthly high of late. Downbeat United States inflation clues raise doubts on the Federal Reserve’s capacity to fuel interest rates past July. Mixed concerns about China, softer US Treasury bond yields add strength to XAU/USD upside. Michigan Consumer Sentiment Index, Inflation Expectations eyed for intraday Gold Price moves. Gold Price (XAU/USD) remains sidelined around $1,960 amid an early Asian session on Friday, after refreshing the monthly high during the latest five-day winning streak. In doing so, the Gold Price justifies the recent hawkish comments from…

Australian Dollar, AUD/USD, RBA Governor, Michele Bullock, S&P ASX 200 – Talking PointsThe Australian Dollar dipped a fraction after the new RBA Governor was announcedMichele Bullock is seen as having an excellent central bank pedigreeRBA policy is likely to remain on course. Where to for AUD/USD? Recommended by Daniel McCarthy Get Your Free AUD Forecast The Australian Dollar eased after Australian Treasurer Jim Chalmers announced that Michele Bullock will take over as RBA Governor in September, replacing Mr Philip Lowe.The currency has since recovered, and Australia’s S&P/ASX 200 equity index steadied to higher ground after a positive lead from Wall…

Caribou CAR-T lymphoma cell therapy does well in phase 1 trial Source link

of clients are net long. of clients are net short. Change in Longs Shorts OI Daily -18% 27% 2% Weekly -42% 95% -5% AUD/USD IG CLIENT SENTIMENT OUTLOOK – BULLISHIG client sentiment data shows 45.50% of traders are net-long AUD/USD, with the ratio of short to long sitting at 1.20 to 1. The number of traders who are net-long is 21.36% below yesterday’s levels and 39.21% lower from last week, while the number of traders net-short is 38.32% higher than yesterday and 64.44% above what was recorded in the previous week.We typically take a contrarian view to crowd sentiment, and…

© Reuters. FILE PHOTO: A Coca-Cola truck fills up with diesel fuel at a gas station in Carlsbad, California, March 20, 2012. REUTERS/ Mike Blake/File Photo By Savyata Mishra (Reuters) – (This June 30 story has been officially corrected to drop the reference to aspartame being removed from PepsiCo (NASDAQ:) products in 2020, in paragraph 9. A PepsiCo spokesperson corrected an earlier statement from an outside company spokesperson) Coca-Cola (NYSE:) will only see a limited impact if the world health agency classifies the artificial sweetener used in its Diet Coke, aspartame, as a possible carcinogen, thanks to its scale of…

Fed’s Bullard to leave the FedSt. Louis Fed Pres. James Bullard is announcing that he will be stepping down in August (August 14). He will become the Dean at Purdue University’s Mitchell E. Daniels, Jr., School of Business. Bullard is not a voter in 2023. The next time the St. Louis Fed President votes is in 2025.Bullard was one of the leaders in calling for rates to move higher quicker over the last few years. As such he has been known more as a hawk but he has played both sides as well during his years at the Fed.Bullard is…

USD/JPY AND GBP/USD OUTLOOK:USD/JPY deepens its decline as U.S. Treasury rates extend their downward correctionSofter-than-expected U.S. CPI and PPI data weigh on bond yieldsMeanwhile, GBP/USD blasts higher, rising to its best levels since April 2022 Recommended by Diego Colman Get Your Free JPY Forecast Most Read: Gold Finds Spark in Weak US Inflation Data, EUR/USD Blasts Off to New 2023 PeakUSD/JPY deepened losses on Thursday, dragged down by falling U.S. Treasury rates. Since Monday, the 10-year yield has fallen nearly 30 basis points to the edge of 3.8%, erasing all gains from the previous week, with the slump accelerating over…

Share: NVDA advanced 3.5% on Wednesday. Nvidia invested in biotech firm Recursion that uses AI technology. NASDAQ 100 rebalancing will cause major selling of NVDA stock. June CPI is clearly bullish for NVDA and the general market. Nvidia stock reaches new all-time high in Thursday premarket. Nvidia (NVDA) stock added more than 2% in Thursday’s morning session to $449.93 – a new all-time high – although the advance had sagged a bit by the time of writing. Wednesday’s lower inflation results have made the market as a whole more optimistic, and after that news NVDA stock locked in a 3.5% gain…