Author: FX

© Reuters. Universal Music Group logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration (Reuters) – Universal Music Group (AS:), the label representing Drake and Taylor Swift, on Wednesday posted higher first-quarter sales, helped by growth in recorded music and music publishing. Revenue in the first quarter was 2.45 billion euros ($2.71 billion), up from the 2.20 billion euros posted in the same period a year earlier. ($1 = 0.9046 euros) Source link

USD/CAD AND USD/JPY FORECAST:USD/CAD wavers after reaching a key technical resistance region, with bulls and bears fighting for control of the marketUSD/JPY heads lower and challenges trendline support as sellers eye a possible breakdownThis article looks at key technical levels to keep an eye on in the coming daysMost Read: Gold and Silver Bid Higher, Government Bond Yields Fall on Recession FearsUSD/CAD TECHNICAL ANALYSISUSD/CAD was largely flat on Wednesday despite broad U.S. dollar weakness in the FX space, oscillating between small gains and losses near the 1.3633 level, a key resistance region. The lack of direction may be due to…

The major US stock indices Indices Stock market indices represents an index that measures a particular stock market or a segment of the stock market. These instruments are important investors as they help compare current price levels with past prices to calculate market performance.The main two parameters for indices are that they are both investable and transparent. For example, investors can invest in a stock market index by buying an index fund, which is structured as either a mutual fund or an exchange-traded fund, and track Stock market indices represents an index that measures a particular stock market or a…

For those who aren’t comfortable with purely mechanical systems or those who get carried away by their emotions in using a 100% discretionary approach, a hybrid forex trading style could work better for you. If applied properly, this type of trading can combine the best of both worlds and be a better way to trade for you. What’s the difference between a mechanical and discretionary trading style anyway? A purely mechanical system requires the trader to trust a system of signals based on price based indicators to give valid entry/exit points to produce profits over the long run. Since all you have to do…

Dollar bulls remain on the front foot amid renewed banking fears as well as risk aversion ahead of key economic data. Dollar The Greenback rolls into midweek having found some significant support around the yearly low level at 100.88, leading to the biggest daily rise in a week. Factors driving this renewed buying interest can be linked to the fading risk tolerance from investors, which has been largely driven by renewed fears of a banking fallout as disappointing earnings data from First Republic Bank failed to inspire confidence. Additionally, fears of the US debt ceiling expiration further weighed on risk…

GBP/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free GBP Forecast GBP/USD FUNDAMENTAL BACKDROPGBPUSD is having an intriguing week thus far and largely at the mercy of overall market sentiment and the DXY. There has been a lack of concrete data on the economic docket to give GBP any sort of impetus as market sentiment and its effects on the dollar dominate.This theme has continued this morning as GBPUSD has rallied higher and almost recovered the entire Tuesday selloff which touched a low of 1.2387. Sentiment improved overnight as markets appear satisfied that the news out of…

Share: AUD/USD drops to its lowest level since mid-March in reaction to softer domestic CPI print. The emergence of fresh USD selling lends some support to the major and helps limit losses. Traders now look forward to the US Durable Goods Orders data for short-term opportunities. The AUD/USD pair adds to the previous day’s heavy losses and remains under some selling pressure for the second successive day on Wednesday. The pair maintains its offered tone through the first half of the European session and is currently placed around the 0.6600 mark, or its lowest level since mid-March. The…

United Microelectronics misses Q1 topline estimates Source link

The USD rebounded to 101.56. It’s off to the races for bond bulls as mostly weaker US data and bank earnings unnerve investors and underpin a flight to bonds (US consumer confidence index dropped to 101.3 in April). Tech giants Alphabet and Microsoft both reported better-than-expected earnings and revenue for the most recent quarter after the close. But the UPS & First Republic Bank selloff and in general financial stocks dragged. Asian stock markets mostly struggled amid fresh concern about the health of the financial sector.  Treasury yields are sharply lower again, even ahead of…

GER40, Daily European equity markets headed lower on Wednesday amid renewed concerns about the wider impact of the recent banking crisis. First Republic shares slumped 49.4% on Tuesday, after the US-based regional bank revealed that deposits shrank by 41% to $104.5 billion in the last quarter, much more than analysts expected. Investors are now looking forward to earnings reports from major European companies such as Standard Chartered, Deutsche Boerse, MAN Group, Roche and Dassault Systemes. The market will also assess a number of European data including Italian GDP, as well as German and French consumer confidence data. Meanwhile, Germany’s GfK…