Author: FX
#Chevron, Daily Chevron Corporation, an American multinational energy company mainly engaged in oil and gas, is scheduled to report earnings on Friday, 28 April 2023 before the market opens, along with Exxon Mobil, TC Energy Corp. and others in the energy group. Chevron’s report is for the fiscal quarter ended March 2023. Chevron currently has a market capitalisation of $320,422,106,521. Chevron has maintained its position as one of the world’s most reliable and prosperous energy brands, with a vast portfolio of assets spanning many countries, despite market uncertainty and oil price variations over the past few years. Revenue for Q4…
EURUSD moves toward the next swing level targetUPDATE: The EURUSD is keeping the buyers in control after breaking above a swing area between 1.0999 and 1.1006. The price in the early New York session did test the lower end of that swing area, but could not move much below the level before rotating back to the upside. The high price reached 1.10363. The current price trades at 1.10332. Source link
GOLD AND NASDAQ 100 OUTLOOK:Gold prices advance on Monday, supported by U.S. dollar weakness and falling Treasury yieldsMeanwhile, the Nasdaq 100 slides on cautious market sentiment ahead of key corporate earnings, with Microsoft and Alphabet releasing quarterly results on TuesdayThis article looks at key tech levels to watch in the Nasdaq 100 in the coming days Recommended by Diego Colman Get Your Free Gold Forecast Most Read: S&P 500 Week Ahead Forecast – MSFT, GOOGL, AMZN and META Earnings to Guide MarketsGold prices (XAU/USD) rose slightly at the start of the week, supported by a weaker U.S. dollar and falling…
Share: Next week, the Federal Reserve will decide on monetary policy. In line with market consensus, analysts at Wells Fargo see the FOMC raising rates by 25 basis points, on what they believe will most likely be the last rate hike in this tightening cycle. They point out that incoming data indicate that inflationary pressures remain acute. Key quotes: “We expect the FOMC to raise the target range for the fed funds rate by 25 bps on May 3, bringing it up to 5.00%-5.25% from 0.00%-0.25% only 14 months ago. We also anticipate that the Committee will continue…
Netlist (NLST) Wins $303 Million In Patent Infringement Trial Against Samsung Netlist, Inc. (NLST) today announced that it won a $303 million damages award against Samsung Electronics Co., Ltd., Samsung Semiconductor, Inc., and Samsung Electronics America, Inc. (together “Samsung”) in the United States District Court for the Eastern District of Texas. The award resulted from a jury trial that lasted six days, and involved five Netlist patents: U.S. Patent Nos. 10,949,339, 11,016,918, 11,232,054, 8,787,060, and 9,318,160. The products found to infringe these patents were all Samsung DDR4 LRDIMM, DDR5 UDIMM, SODIMM, and RDIMM, and high bandwidth memory (HBM) 2, 2E…
EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Markets Week Ahead: Gold, Nasdaq, US Dollar; Earnings, US PCE, Euro Area and US GDPEUR/USD FUNDAMENTAL BACKDROPEURUSD enjoyed a modest bounce following the European open today as it struggles to find acceptance above the 1.1000 handle. Overall, a relatively subdued start for markets in what is a big week packed with economic data releases.German Ifo data released this morning did indicate a marginal improvement. However, the current assessment and below average expectations will do little to remove fears of stagflation in Europe’s most industrialized…
On the daily chart below for the Dow Jones, we can see that the price keeps pulling back from the 34285 high reached before the US Retail Sales missed expectations across the board. The sellers are targeting the support at 33538 and the red long period moving average. That’s the spot where we are likely to find the buyers and the price to bounce. Last Friday, the market extended the fall as the US PMIs beat expectations and the details about inflation were not encouraging. On the 4 hour chart below, we can see that the price was trading within…
Share: “Geopolitics risk persistent inflation volatility,” the European Central Bank’s executive board member, Fabio Panetta, said on Monday. Panetta added that “globalization may influence the natural rate of interest.” Market reaction The above comments fail to have any impact on the Euro, as EUR/USD is trading close to the intraday high at 1.1021, as of writing. The spot is up 0.27% on the day. Source link
Yo is there any chance for bitcoin to climb back above $30K again?! BTC/USD returned most of its gains last week before pulling up from $27,200. Since then, price has formed higher lows and higher highs inside an ascending channel formation. Can this short-term support area keep losses in check? Bitcoin (BTC/USD) 15-min Chart by TradingView So far, buyers seem to be defending the floor, especially since technical indicators are hinting at bearish exhaustion. Not only is Stochastic reflecting oversold conditions, but the 100 SMA is also above the 200 SMA to suggest that the path of least resistance is…
Trading Leveraged Products is risky The USD continues to rotate (USDIndex at 101.60) as PMI data surprised to the upside (Composite hit a 11-mth high) and added to 25bp hike (CME Fed Funds Futures 89%) expectations next week from the FOMC. Treasuries rose & the 2/10 yield curve is now 60 bp inverted. Stocks closed flat 10.4% JPY slips after Ueda suggest no change to policy this week. AUD & NZD lower. Oil continues to decline and USOil is below $77.00, Gold is at $1980 as USD holds and yields remain bid, & BTC is…