Author: FX

GBP/USD rises sharply to 1.2900 post-labor data after wage growth hits fresh yearly highs. Source link

Nikada Japan +0.23%. China +0.38%. Hong Kong +1.37%. Australia +1.21%. Australian June business confidence rose to 0, from prior -3. Australian weekly consumer confidence survey fell again, to 73.3 (prior 74.1). Westpac Australian consumer sentiment +2.7% m/m in July (prior +0.2%). Australian private survey of household spending dropped 1.7% m/m in June (prior +3.1%). India +0.75%. The Philippines’ trade deficit has fallen by over 20% year on year to come in at $4.4 billion for May, compared to the $5.57 billion recorded in the same month a year ago. In the U.S. on Monday, all three major indexes ended their…

© Reuters. FILE PHOTO: An Amazon worker loads a trolley from a Prime delivery van in Los Angeles, California, U.S. February 25, 2019. REUTERS/Chris Helgren/File Photo By Granth Vanaik and Ananya Mariam Rajesh (Reuters) – Amazon.com (NASDAQ:) hopes to tempt U.S. shoppers on Tuesday to open inflation-thinned wallets by offering deeper discounts on a wide range of goods and services during this year’s “Prime Day” 48-hour shopping event, including its first-ever travel discounts. A year of inflation has lifted mortgage rates, rents and food prices for consumers ahead of Prime Day, which falls on July 11-12 this year. CFRA Research…

Spot gold (XAU/USD) is testing the upper limits of its recent downtrend! Will the precious metal keep on losing pips against the U.S. dollar? Or will we see a breakout this week? Gold (XAU/USD) 4-hour Chart by TV If you’ve been watching spot gold lately, then you’ll know that XAU/USD has been making lower highs and lower lows since May when the pair found resistance at the $2,040 area. XAU/USD’s downtrend has taken it has far as $1,900 but it looks like there were enough buyers at the area to encourage a first touch bounce. Will XAU/USD retest its $1,900…

Indonesia’s coast guard (Bakamla) said on Tuesday it has seized an Iranian-flagged tanker suspected of involvement in the illegal transshipment of crude oil. The vessel, MT Arman 114, was carrying 272,569 metricc tons of light crude oil and was suspected of transferring the oil to another vessel without a permit, the coast guard said in a statement. The info comes via Reuters, no further details at this stage. —Oil price update:Earlier oil posts today: Source link

Share: USD/CHF drifts lower for the fourth straight day and drops to over a two-month low. Bets that the Fed will soften its hawkish stance weigh on the USD and exert pressure. A modest recovery in the risk sentiment could undermine the CHF and lend support. The USD/CHF pair remains under some selling pressure for the fourth straight day on Tuesday and slides to over a two-month low, around the 0.8845 region during the Asian session.  Speculations that the Federal Reserve (Fed) will soften its hawkish stance sooner rather than later keep the US Dollar (USD) bulls on…

Japanese Yen, USD/JPY, Bond Yields, Technical Analysis – Asia-Pacific Briefing:Japanese Yen sees strong 2-day gain versus the US DollarUSD/JPY’s drop coincided with softer US Treasury yieldsThe exchange rate broke under a key exponential trendline Recommended by Daniel Dubrovsky Get Your Free JPY Forecast The Japanese Yen outperformed its major counterparts, especially versus the US Dollar. Over the past two days, USD/JPY sank about 1.9 percent during the worst performance since May. Beyond that, the move was quite a rare event. Looking back to data since the beginning of 2000, the 1.9% drop amounted to -2.2 standard deviations from the average.A…

Mohammed Haneefa Nizamudeen Shockwave Medical (NASDAQ:SWAV) has been upgraded by Morgan Stanley to overweight, with analysts expecting that the US Centers for Medicare and Medicaid Services will soon propose better reimbursement for the company’s coronary IVL catheters, which should help drive growth. Morgan Stanley said that it expects improved CMS reimbursement to drive “potential acceleration in penetration” and “upside to street expectations.” The investment bank added that its 2024 EBITDA estimates were approximately15% higher than street estimates. “Despite there being clear history of faster adoption on better surgery economics, consensus actually has a sequential slowdown in coronary IVL penetration in…

© Reuters. FILE PHOTO: Uber Technologies Inc. Chief Financial Officer Nelson Chai speaks on television on the trading floor of the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies (NYSE:) Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on timing hasn’t been made, according to the report. Uber did not immediately respond to a Reuters’…

GBPUSD trades to new 2023 highThe momentum has continued for the GBPUSD. It has now broken above the June and July highs near 1.2848. The price is currently trading at 1.28655. That takes the price to the highest level since April 22, 2022Looking at the hourly chart above, the next Topside target comes against a trendline connecting recent highs that cut across at 1.28762 (and moving higher). A move above that level increases the bullish bias.Looking at the daily chart below, there is a topside trendline connecting highs from April 4, May 8, and June 16. (See red numbered circles…