Author: FX

PNC Financial Services Group, Inc. is an American bank holding company and financial services company based in Pittsburgh, Pennsylvania with a market capitalisation of $49.2 billion. The company is scheduled to provide its Q1 2023 earnings report on Friday (14 April), before market open. PNC Financial Services Group, Inc. is engaged in the provision of financial services. It operates through its Retail Banking, Corporate and Institutional Banking, Asset Management Group and Other segments. The Retail Banking segment offers deposit, lending, brokerage, investment management and cash management products and services to consumer and small business customers. https://www.tipranks.com/stocks/pnc/earnings PNC Financial Services Group…

Share: WTI jumps to test resistance again as US Dollar retreats. Production cuts keeps the black gold better bid.  WTI oil prices climbed over 2% to $81.55 a barrel on Tuesday while investors get set for data that may show further declines in US oil and fuel inventories. Additionally, a weaker US Dollar ahead of potentially cooling inflation data on Wednesday has been bullish for energy prices. The US reports its Consumer Price Index on Wednesday and analysts at TD Securities argued that ´´core prices likely cooled off modestly in March, with the index still rising a strong 0.4% MoM.´´ Ebbing…

Event in Focus:  Bank of Canada Monetary Policy Statement When Will it Be Released:  April 12, Wednesday: 2:00 pm GMT, 3:00 pm London, 10:00 am New York, 11:00 pm Tokyo Consensus Expectations: Likely to hold the policy interest rate at 4.50% The Bank of Canada’s business and consumer surveys indicate an impending economic slowdown, likely resulting in a more dovish outlook from the BOC at the upcoming April meeting.  While recent inflation updates have ticked lower, overall, expectations are still well above the target inflation range, making the probability of near-term easing highly unlikely. Canadian Data Since Last Monetary Policy…

Justin Sullivan/Getty Images News Ford Motor Company (NYSE:F) will reorganize operations for its factory in Oakville, Ontario, Canada to produce EVs, according to a statement on Tuesday. The Dearborn-based automaker announced a C$1.8B ($1.33B) investment in order to transform its Ontario plant into a “hub of electric vehicle manufacturing” and battery pack assembly. The company plans to produce 2M EVs per annum by the end of 2026, aided significantly by the transformed factory. “Canada and the Oakville complex will play a vital role in our Ford+ transformation. It will be a modern, super-efficient, vertically integrated site for battery and vehicle…

USD/JPY PRICES, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free JPY Forecast USD/JPY FUNDAMENTAL BACKDROPThe Yen looks set to face some immediate selling pressure following the inauguration of Kazuo Ueda as the new Bank of Japan Governor. Murmurs have continued to persist regarding a potential policy shift by the incoming Governor, however his remarks at his opening press conference have put such hopes on the back burner for the immediate future.The BoJ’s new Governor reiterated his commitment to stick to easing monetary policy for now as inflation has not reached the BoJ target of 2% or shown any…

© Reuters. FILE PHOTO: A woman walks past a branch of Mitsubishi UFJ Financial Group’s bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter By David Dolan and Simon Jessop TOKYO (Reuters) – Japan’s Mitsubishi UFJ (NYSE:) Financial Group on Tuesday laid out emissions-cutting targets for lending to the real estate, steel and shipping sectors, and said emissions from its oil and gas business had fallen as loans were repaid. As Japan’s top lender and a significant funder of carbon-intensive industries, MUFG is increasingly in activists’ crosshairs and is set to face a shareholder vote on…

Market pictureThe total capitalisation of the crypto market rose 4.5% to $1.24 trillion, the highest since June last year and a colourful end to several days of consolidation. Bitcoin was the main driver, although BNB, Cardano, Solana and Litecoin also outperformed the market, rising between 5.5% and 11%.Bitcoin continued its storm of highs early on Tuesday, peaking at $30.4K and holding above $30K after a minor correction. This jump in a thin market marked the end of a consolidation triangle and a corrective pullback after a March rally. The target for the first pattern is the $40K area, while the…

Trading Leveraged Products is risky US #stockmarkets closed mixed – Industrials higher – Tech lower (#Samsung said they will cut chip production – lifting Western Digital & Micron +8%). USD continued to recover, (USDIndex topped at 102.50), Treasuries slipped again (10 yr 3.41%) and #BTC breached $30k for the first time in 10mths. In the Asian session stocks are higher (ASX +1.3% after Easter break & Nikkei +1.4% after a Dovish outlook from new BOJ Governor Ueda & Buffet said he was planning to add to his Japanese investments. AUD is outperforming. Overnight Data Chinese…

Heads up, gold bulls! If you think the precious metal’s uptrend is about to resume soon, better keep your eyes locked on this resistance-turned-support area. Do you think this ascending channel will stay intact? Gold (XAU/USD) 1-hour Chart by TradingView Don’t look now, but gold is inching closer to the bottom of its channel! This happens to coincide with a former resistance zone that might hold as support around the $1,980 level. But what are technical indicators saying? So far, it’s looking mixed, as the moving averages are pointing to a continuation of the uptrend while Stochastic is reflecting exhaustion…

Share: Silver remains confined in a narrow trading band for the fourth straight day on Tuesday. The technical setup favours bullish traders and supports prospects for additional gains. Any meaningful slide is likely to find decent support near the $24.40-30 horizontal zone. Silver extends its sideways consolidative price move for the fourth straight day on Tuesday and holds steady around the $25.00 psychological mark through the early European session. The Relative Strength Index (RIS) on the daily chart is still flashing overbought conditions and holding back bullish traders from placing fresh bets around the XAG/USD. That said, last…