Author: FX
Share: Euro nos faces some selling bias below 1.0900 vs. the US Dollar. Stocks in Europe tarde in a moxed fashion on Tuesday. EUR/USD finds a comfort zone around the 1.0900 so far this week. Trade balance figures in Germany surprised to the downside in May. US markets are closed due to the Independence Day holiday. The Euro (EUR) is currently showing signs of being slightly undervalued after a session earlier this week that did not yield any clear results. Despite this, the EUR/USD pair has not been able to break through the critical level of 1.0900 this week, due…
Crude Oil Price, Charts and Analysis:Crude oil prices edge higher but remain in the doldrums.Saudi Arabia has reportedly extended its production cuts, Russia says it will reduce exports.However, tightening global monetary policy puts end-demand in serious doubt. Recommended by David Cottle Download the Newly Released Q3 Forecast on Oil READ MORE: What is OPEC and What is Their Role in Global Markets?Crude Oil prices rose very slightly in Tuesday’s trading but remain burdened by an unconstructive backdrop of plentiful supply meeting ever-more questionable demand.Key export titan Saudi Arabia announced on Monday that its one-million-barrel daily production cut will be extended…
Robert Way Alibaba (NYSE:BABA) is carrying out a strategic review of its video streaming platforms Youku and Tudou, Bloomberg News reported citing people with knowledge of the matter. One of the options under discussion is to fuse the assets into Alibaba Pictures Group and strengthen the business scope of the company. The move is part of the Chinese e-commerce giant’s efforts to reorganize its business as in March the company announced plans to split into six main parts, including e-commerce, media and cloud computing. With its Q4 results in May, then Alibaba CEO Daniel Zhang announced that the board had…
© Reuters. FILE PHOTO: A Ryanair Boeing 737-800 aircraft approaches Paris-Beauvais airport in Tille, northern France, September 27, 2018. REUTERS/Christian Hartmann/File Photo DUBLIN (Reuters) – Ryanair (RYA.I) flew a record 17.4 million passengers in June, its highest for a single month and a 9% increase from a year earlier, the low-cost carrier said on Tuesday. The previous traffic record of 17 million was set in May. The Irish airline, Europe’s largest by passengers carried, cancelled more than 900 flights, affecting some 160,000 customers, mainly due to air traffic control strikes last month. Flights were on average 95% full in June,…
Hawkish pause? Who she? In case you missed it, the Reserve Bank of Australia (RBA) just decided to keep its interest rates at 4.10%, surprising some traders who had priced in another 25bps rate hike. While the central bank maintained that “some further tightening of monetary policy may be required,” RBA members were more interested in having the “time to assess the state of the economy and the economic outlook.” Besides, RBA also noted that inflation has “passed its peak.” Phew! AUD/JPY 15-min Forex Chart by TV AUD dropped sharply and widely at the news, but more buyers jumped in…
The market is starting to price in a more hawkish path for the Fed as the economic data since the last FOMC meeting surprised consistently to the upside. Fed Chair Powell recently said that the majority of the FOMC expects two or more rates hikes this year if the data remains strong. On the other hand, the ECB has basically pre-committed for a rate hike in July but what they are going to do in September is a much bigger debate. In fact, recent economic indicators for the Eurozone started to disappoint by big margins and point to a recession…
Share: Key points Nike had a decent quarter, but margin pressure is still present, and the guidance is weak. Analysts support the bull case, but no upgrades or price target increases have emerged. Nike stock could fall 10% or more if support does not step in to buy the post-release dip. 5 stocks we like better than NIKE. Nike (NYSE: NKE) proved again that it can Just Do It when operating in an ever-changing business environment. The Q3 results and guidance prove the company’s resiliency but also give evidence of market shifts that could weigh on the action…
Are we about to see some Fourth of July fireworks from this dollar pair soon? Check out these USD/CAD levels I’m watching. As you can see from the 4-hour chart below, the pair recently tumbled below the floor around the 1.3350 minor psychological mark. Now price is in correction mode after pulling up from the 1.3120 lows and might find more sellers at this area of interest. USD/CAD 4-hour Forex Chart by TV Using the handy-dandy Fibonacci retracement tool on the latest downswing shows that the 38.2% level is right around the former support. A larger pullback could reach the…
Euro Vs US Dollar, British Pound, Australian Dollar – Outlook:EUR/USD’s range could continue for a bit longer.EUR/GBP and EUR/AUD’s rebound could be capped.What is the outlook and the key levels to watch in key Euro crosses? Recommended by Manish Jaradi Get Your Free Top Trading Opportunities Forecast The euro may have recouped some of its recent losses against some of its peers, but it would be premature to read the rebound as the start of a new leg higher for the single currency.EUR has gained against its peers in June following the European Central Bank’s (ECB) hawkish hike last month…
Wagner Meier/Getty Images News Petrobras (NYSE:PBR) said Monday its recent 10-year bond issuance, its first since 2021, beat expectations in raising ~$1.25B powered by strong demand. “From a qualitative point of view, the bond issue exceeded expectations. And also quantitatively because it had overbooking, it had important rate compression,” CFO Sergio Caetano Leite told Reuters, also noting 60% of orders came from investment funds, which he said was an important qualitative sign of the operation. The bonds mature in July 2023 with a 6.5% annual coupon and a 6.625% annual yield to investors, issuance was 3.4x oversubscribed and featured 327…