Author: FX

Sixty North Gold announces a non-brokered private placement to raise up to $1.5M Source link

USD/JPY TECHNICAL ANALYSISThe U.S. dollar rallied at the start of the week, bolstered by surging U.S. Treasury yields following the release of the U.S. ISM manufacturing report, which showed a jump in the employment and prices paid components of the survey. In this context, USD/JPY advanced more than 0.8% to ~137.40 in afternoon trading, reaching its best level since early March.USD/JPY’s technical outlook has turned more constructive after the exchange rate breached confluence resistance located at 136.60 on Monday, an area where the upper bound of a short-term rising channel aligns with the 200-day simple moving average and the 38.2%…

The central bank of the world’s largest economy is about to drop its May monetary policy decision! What are traders expecting from the event and how can it affect USD’s price action? Here’s what you need to know if you’re planning on trading this central bank announcement: Event in Focus: Federal Open Market Committee (FOMC) Monetary Policy Statement When Will it Be Released: May 3, Wednesday: 6:00 pm GMT, 7:00 pm London, 2:00 pm New York, 3:00 am Tokyo (May 4) Check our Economic Calendar to see what time the reports come out in your time zone! Expectations: Fed to…

S&P index moves closer to 2023 hiIn what is a quiet day, the S&P 500 did extend above the February 3 high at 4182.36. The February 2 high for the year is the next key target at 4195.44. That high was the highest going back to August 26. The high reached 4182.74, but the prices already back down trading at 4170.85 currently.The Dow industrial averages leading the way with a gain of 0.18% at 34158.60. The NASDAQ index is down -0.28% at 12193.57. Source link

Share: The economic activity in the US manufacturing sector continued to contract in April, albeit at a softer pace than it did in March, with the ISM Manufacturing PMI edging higher to 47.1 from 46.3. This reading came in slightly better than the market expectation of 46.6. Further details of the report revealed that the Employment Index advanced to 50.2 from 46.9 and the New Order Index improved slightly to 45.7 from 44.3. Finally, the Price Paid Index, the input inflation component, jumped to 53.2 from 49.2. Commenting on the data, “the US manufacturing sector contracted again; however, the Manufacturing PMI improved…

Though losing trades is a normal part of the trading process, it is something that many traders –both newbies and pros– have difficulties with. I believe that the main reason behind the difficulty in coping with losses lies with the lack of understanding of its nature and its impact on trading psychology rather than actual psychological problems. Today, I’d like to talk about the 4 stages of loss in forex, namely, denial, rationalizing, depression, and acceptance. Do the terms sound familiar? They should because they’re similar to the 4 stages of grief! Do note, however, that they are applied differently…

Olivier Le Moal The U.S. FDA has approved Uzedy, a long-acting and subcutaneously delivered formulation of antipsychotic risperidone, developed by Teva Pharmaceutical (NYSE:TEVA) and French pharma MedinCell (OTC:MDCLF) as a treatment for adults with the mental disorder schizophrenia. Based on MedinCell’s copolymer technology, Uzedy is designed to provide a steady release of risperidone, offering convenience to patients with 1- and 2-month dosing intervals. About 80% of patients with schizophrenia suffer from multiple relapses during the first five years of therapy due to poor adherence to oral antipsychotics. “Lack of adherence to treatment with oral antipsychotics is the most common cause…

LAVA Medtech Acquisition Corp (LVAC) Announces Liquidation LAVA Medtech Acquisition Corp. (LVAC) (the “Company”) announced today that the board of directors of the Company (the “Board”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023, because despite significant efforts to identify and complete an initial business combination, the Board does not believe that the Company will be able to complete an initial business combination on favorable terms even with the extension. In making its decision, the Board has carefully considered the costs, benefits, and risks of prolonging the Company’s life, including…

It was a very bullish end to April with Treasuries and Wall Street ending in the green on the month. Better than expected earnings news from most of big tech, and data reflecting a still resilient economy helped propel the major indexes higher. Today, USD to the upside, extending to 101.60. Wall Street is firmer in spite of upcoming Fed hike, while all the attention is on First Republic. The Wall Street Journal reported that: “Federal regulators were poised to seize the First Republic Bank (-43.34% Friday) and sell it to a larger lender.  JPMorgan Chase…

This had been in the works already since the weekend as Adam posted here. The completion of the auction/deal would mean First Republic Bank offices will reopen as JP Morgan branches after this. The breakdown shows that First Republic Bank had total deposits of roughly $104 billion and total assets of about $229 billion. Source link