Author: FX
The S&P 500 is forming a reversal pattern on the 1-hour chart! Will this lead to the end of a short-term uptrend? As you can see on the 1-hour chart, the stock index has been in an uptrend since mid-March when concerns over the global banking structure started easing. It also helped that the banking crisis fueled speculations that the Fed would stop tightening and even cut its interest rates in less than a year. S&P 500 Index (SPX500) 1-hour Chart by TradingView But that was last month. Since then, Uncle Sam printed weak leading indicator reports that point to…
US #stockmarkets closed mixed again and Asian markets are flat ahead of US CPI print at 12:30 GMT today. USD has slipped again as EUR & AUD outperform. Treasuries recovered a tad (10-yr at 3.434%), #Gold hits $2,020 #USOil moves to $81.50 despite inventory build and #BTC holds onto $30k level. Fed’s Harker the “Fed may soon be done” and Goolsbee the Fed “needs to be careful about raising rates too aggressively in its efforts to tame inflation”, turned more Dovish. Kashkari remained Hawkish, “would be much worse for jobs if we failed to get…
Looking to trade a pullback? Or hoping to keep things simple with a range setup? Check out these support and resistance levels on Apple shares and CAD/JPY! Apple Inc (AAPL): 4-hour Apple Inc (AAPL) 4-hour Chart by TradingView Missed this bullish breakout on Apple shares? You might still have a chance to catch the short-term pullback… if you keep tabs on these Fib retracement levels! The former resistance zone around $153 to $158 is spanned by the 61.8% to 38.2% levels, which means that buyers might be hanging out around this area. Just note that Stochastic still has a bit…
Does anyone remember what the banking turmoil was like? It seems like a distant memory now, even if it only happened less than a month ago. As ever the case, markets are quick to move on and right now all the focus is on inflation once again.US consumer price inflation is expected to decline further from an annual basis in March, with estimates pointing to a 5.2% reading – down from 6.0% in February. That said, much like what we saw in Europe, the monthly figures are set to reaffirm a further rise in price pressures and the core reading…
Trading success is statistically hinged on two factors, win rates and risk-reward ratios. Traders who could find a good mix of win rates and risk-reward ratios are the ones who end up being consistently profitable when trading the forex markets. Win rates pertain to the win percentages of a trader. This pertains to the percentage of winning trades that a trader obtains out of a number of trades, regardless of the amount of the win. Traders with high win rates tend to win more often than they would lose. Risk-reward ratios on the other hand pertain to the dollar amount…
Share: Gold price has climbed above $2,010.00 firmly as Fed policymakers are anticipating a quick deceleration in the US CPI. Fed minutes will be in focus as they will provide a detailed explanation behind the 25 bps rate hike in March. Gold price is marching towards the $2,032.00 resistance after sensing a stellar buying interest. Gold price (XAU/USD) has shown a quick move above the critical resistance of $2,010.00 in the Asian session. The precious metal has jumped above $2,013.00 amid further weakness in the US Dollar Index (DXY). The USD Index has dropped to near 102.05 and…
Crude Oil, US Dollar, WTI, SVB, FDIC, Iraq, Kurdistan, Turkey, Volatility – Talking PointsCrude oil has steadied after an astounding rally seen at the start of last weekSupply issues remain problematic, but the market might be saying somethingIf the dynamics within the futures market persist, will WTI rally further? Recommended by Daniel McCarthy Get Your Free Oil Forecast Crude oil continues to hold the high ground after making a 2-month high last week with supply issues dominating headlines.The rally for crude overnight could be attributed to a generally weaker US Dollar with Treasury yield volatility pausing after a few weeks…
© Reuters. FILE PHOTO: Japan’s vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Picture taken January 31, 2022. REUTERS/Issei Kato By Leika Kihara (Reuters) – Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as part of efforts to address…
The notes will bear interest at a rate of 8.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2023.The offering is expected to close on April 14, 2023.The underwriters have an option to purchase up to $7.5 million of notes.The notes are expected to be listed on the NYSE and will trade within 30 days of the original issue date under the symbol “SAZ”. Source link
Markets:Gold up $14 to $2003WTI crude oil up $1.75 to $81.49US 10-year yields up 1.3 bps to 3.42%S&P 500 up 3 points to 4139CHF leads, NZD lagsMarkets were finally fully open after a couple holiday-altered trading days and the market was still trying to find its legs. The US dollar chopped around with USD/JPY finding a low just below 133.00 in Europe then steadily grinding higher as Treasury yields recovered and sentiment improved.That same sentiment didn’t spill over to AUD and NZD, which continued to sag in North American trade. CAD was able to get some momentum thanks to a…