Author: FX
© Reuters. FILE PHOTO: The U.S. Federal Reserve building is pictured in Washington, March 18, 2008. REUTERS/Jason Reed/File Photo By Michelle Price WASHINGTON (Reuters) – Big U.S. banks’ commercial real estate portfolios put in a surprisingly good performance during the Federal Reserve’s annual health checks, with losses declining slightly on last year, the central bank said on Wednesday. With risks growing in the commercial real estate (CRE) sector globally, analysts and investors were looking to the Fed’s “stress tests” for more insight on how exposed the country’s lenders are to falling real estate prices. Commercial real estate (CRE), especially offices,…
GOLD PRICES FORECAST:Gold prices were subdued on Wednesday after Fed chair Powell indicated that the central bank plans on hiking two more times this yearTaking into account recent weakness, the precious metal has fallen more than 2.5% in June, approaching its lowest level since March 15This article looks at XAU/USD’s key tech levels to watch in the coming days Recommended by Diego Colman Get Your Free Gold Forecast Most Read: US Dollar Shines Bright on Powell’s Hawkish Stance, Key Tech Levels to WatchGold prices were subdued on Wednesday, pressured by U.S. dollar strength following hawkish comments by Jerome Powell at…
The Moscow Times reports that Russian general Sergey Surovikin has been arrested.A report yesterday in the New York Times said he at least knew about Prigozhin’s plans, citing US intelligence sources.Surovikin is a major figure in the Russian military. He is currently head of the joint aerospace forces, which includes the air force. From Oct 2022-Jan 2023 he was the commander of all Russian forces in Ukraine.He’s known to be close to Prigozhin.Rumours started about his arrest on June 25 and he hasn’t been seen since then. Surovikin did appear via video denouncing the uprising as it was occurring.“I urge…
Share: WTI jumped from a low of $67.10 to a daily high of $69.40. EIA Crude Oil Stock declines were significantly higher than the consensus. US Dollar strength after Powell’s speech at the ECB forum may limit the upside potential for Oil. The price of WTI (West Texas Intermediate) Crude Oil experienced a notable jump, rallying from a low of $67.10 and stabilizing around $69.42, seeing more than 2% gains. This surge was triggered by the EIA Crude Oil Stocks data release, which reported a significant drop in inventories that surpassed market expectations. However, the upside potential for…
ECB Forum on Central Banking 2023 RecapPowell reiterates the need to slow the pace and magnitude of tightening a peak rates appear nearECB’s Lagarde brushes off any notion of a pause, sees hike in July as likely outcomeBoE’s Bailey sees inflation dropping despite a more resilient economy and labour marketBoJ’s Ueda states that confidence of continued inflation will test easy monetary policyThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Traits of Successful Traders Powell Reiterates the need to slow the…
First Trust TCW Opportunistic Fixed Income ETF declares $0.125 dividend Source link
If you’ve spent enough time around forex trading forums, then you’ve probably encountered a trader or two who say that they’ve made consistent pips using just one trading system. But you’ve also seen others who can’t seem to replicate the OP’s stellar trading performance. In fact, this is probably the case more often than not. Don’t worry; this is not because the OP is selling a get-rich-quick scheme. Well, at least I hope not. Instead, it’s more likely that the OP had used his/her strategy at fortunate time when the set of rules worked well with the trading environment that he/she…
Headlines:Markets:USD leads, NZD lags on the dayEuropean equities higher; S&P 500 futures down 0.1%US 10-year yields down 2.9 bps to 3.738%Gold down 0.4% to $1,906.01WTI crude flat at $67.73Bitcoin down 1.1% to $30,335There weren’t much meaningful headlines on the session but there were some interesting developments to take note of at least.The yen continues to stay on the softer side with USD/JPY above 144.00 and that is still prompting verbal intervention by Japanese officials.Meanwhile, there were some slightly mixed messaging by the ECB (the first case this week) with Centeno casting doubts over a September rate hike. Other officials were…
Share: USD/CHF risk is still seen lower for 0.8823/19, but with support expected to start to show here, economists at Credit Suisse report. Mild negative bias Support stays seen initially at 0.8900, below which can see a move to 0.8868/67 next ahead of a retest of the low for the year and potential trend support at 0.8823/19, where we would look for buyers to show. Should weakness directly extend this would be seen to expose the important 2021 low at 0.8757/50. Above 0.9015 is needed to reassert a near-term upward bias for resistance at 0.9051 next, though with…
Article written by IG Senior Market analyst Axel RudolphFTSE 100, DAX 40, S&P 500 Analysis and ChartsFTSE 100 stages a minor recoveryThe FTSE 100 managed to find support and is now trading back above its 7,433 May low, helped by Wall Street which rose yesterday on better-than-expected US consumer sentiment, durable goods orders and new home sales. However, the bounce is lackluster with the UK blue chip index remaining technically under pressure while below the early June low at 7,546 and the 200-day simple moving average (SMA) at 7,557.A drop through this week’s low at 7,401 on a daily chart…