Author: FX
The BOE decision is coming up this week! Will they hike interest rates again as expected? Here’s what the U.K. central bank might have up its sleeve and how pound pairs might react. Event in Focus: Bank of England Monetary Policy Statement When Will it Be Released: June 22, Thursday: 11:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: BOE to hike interest rates by 0.25% from 4.50% to 4.75% No changes to asset purchases expected MPC meeting minutes to show 7-2 vote in favor of tightening Pound traders are counting…
Justin Sullivan Toyota Motor (NYSE:TM) captured a lot of attention last week by announcing plans to launch commercial solid-state batteries as soon as 2027 and unveiling some manufacturing innovations. Notably, Toyota (TM) execs also disclosed the company is targeting battery-powered vehicles with range of about 620 miles arriving in 2026. The Japanese carmaker set a sales target of 1.5M all-electric vehicles per year by 2026 and 3.5M all-electric vehicles annually by 2030. Despite the forward motion with all-electric vehicles, the new commitment from Toyota (TM) did not impress ARK Research. ARK analyst Sam Korus said Toyota’s (TM) appointment of Koji…
© Reuters. FILE PHOTO: The port bow railing of the Titanic lies in 12,600 feet of water about 400 miles east of Nova Scotia as photographed earlier this month as part of a joint scientific and recovery expedition sponsored by the Discovery Channel and RMS Titantic. By Joseph Ax and Kanishka Singh (Reuters) – U.S. and Canadian ships and planes searched on Monday for a submersible vessel that went missing more than a day earlier off the coast of southeastern Canada while taking tourists to explore the wreckage of the Titanic, officials said. The U.S. Coast Guard said there was…
It’s been awhile since there was a genuinely bad day for US equities but today is heading in that direction. There is talk of heavy selling on rebalancing flows into quarter end. That same thing could be putting a bid into bonds today.You also have investors worried about a market that’s moved too far too fast. At the open today, the S&P 500 was just 8% away from a new all-time high.J.P. Morgan expects asset managers and pension funds to sell $150 billion of equities into quarter end in rebalancing towards bonds. That’s not an enormous figure but it’s enough…
Share: Natural Gas price corrects from its daily highs after the release of upbeat macroeconomic housing data from the US, which supports the US Dollar and weighs on XNG/USD. Natural Gas pares earlier gains reached after Norwegian data showed lower-than-expected production in May, sparking supply fears. Despite bullish fundamentals, the longer-term technical trend remains bearish as long as prices stay below $3.079 MMBtu. Natural Gas price pulls back from the day’s highs on Tuesday after US housing data unexpectedly beats expectations increasing demand for the US Dollar, weighing on Natural Gas which is predominantly priced in USD. Earlier in the day Natural Gas…
Affinity World Leaders Equity ETF declares quarterly distribution of $0.2360 Source link
© Reuters. The logo of Lockheed Martin is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/ FILE PHOTO By Valerie Insinna PARIS (Reuters) – Lockheed Martin (NYSE:) has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet’s biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and IP protections, adding it had received “little response” from L3Harris over its concerns. “To date,…
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As you can see, AUD/JPY got rejected from the 97.50 area and is now trading 100 pips lower in the 96.50 zone. That’s probably the most decent pullback from the pair since it blasted up from the 90.50 area at the start of the month! What makes the setup even more interesting is that the 100 SMA has crossed below the 200 SMA to signal a possible bearish reversal. AUD/JPY 15-min Forex AUD/JPY 1-hour Forex Chart by TV But wait! Before you pull the trigger on your sell orders, you should know that AUD/JPY is still seeing decent support around…
Share: USD/CHF struggles to extend Friday’s recovery, clings to mild gains during three-day uptrend. Steady RSI, clear break of 61.8% Fibonacci retracement suggests further advances. Weekly resistance line, 200-SMA guards recovery moves before welcoming bulls. USD/CHF reverses intraday gains as it fades bounce off an ascending support line from Friday heading into Tuesday’s European session, downbeat around 0.8960 by the press time. In doing so, the Swiss Franc (CHF) pair fails to defend the three-day recovery from the lowest level in five weeks. The pullback moves, however, lack acceptance from the RSI and MACD oscillators as the former…