Author: FX
EUR/USD News and AnalysisHawks favour more hikes but divisions within the ECB may soon appearEUR/USD key technical levels assessed and analysed. Countertrend price action to start the weekDrop off in scheduled event risk in Europe and the US this week apart from Powell testimonyThe 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 How to Trade EUR/USD Hawks Favour More Hikes but Divisions within the ECB May Soon AppearIsabel Schnabel and Peter Kazimir, hawks within the ECB’s ranks, have communicated their preference…
The transaction is pending completion of Beam’s due diligence, which will include customary closing conditions, and is expected to be finalized in Q3 or Q4 2023.The company also said it forecasted revenue for the three months ended June 30, 2023 to be in a range of $15.5 million to $17.0 million. For the three months ended June 30, 2023, Beam expects delivering about 195 to 205 ARC solar-powered EV charging infrastructure systems.Additionally, the company also launched an underwritten public offering of shares of its common stock without disclosing the offering size. Source link
© Reuters (BTC) plans by BlackRock (NYSE:) appear to have sparked a rally in the “OG” institutional BTC investment vehicle. Data from monitoring resource CoinGlass shows that on June 17, the Grayscale Bitcoin Trust (GBTC) almost hit new 2023 highs.GBTC premium vs. asset holdings vs. chart (screenshot). Source: CoinGlassARK Invest GBTC holdings chart (screenshot). Source: Cathie’s ARKContinue Reading on Coin Telegraph Source link
RAND ANALYSIS & TALKING POINTSChinese optimism carries ZAR this morning as risk on sentiment prevails.Key inflection point looming on daily USD/ZAR chart. Recommended by Warren Venketas Get Your Free USD Forecast USD/ZAR FUNDAMENTAL BACKDROPThe South African rand opened the week on the front foot once again looking for its fourth straight week of weekly gains. Locally, loadshedding (blackouts) have somewhat diminished allowing for businesses to run more efficiently and if this trend is to continue the rand may gain additional traction. Overall the economy remains weak but the SARB has ensured an attractive carry trade for investors looking for added…
The Swiss National Bank will raise interest rates by 25 basis points on June 22, defying market expectations for a larger move, according to economists polled by Reuters who said the bigger risk was rates will peak higher than they expect.An overwhelming majority of economists, 30 of 33, polled June 15-19 said the SNB will raise its key policy rate by 25 basis points to 1.75%, less than the 50 basis points it delivered in March”We think the SNB will deliver another 25bp hike in June, with a risk for 50bp…and, while still data dependent, this is probably the last…
Share: In the view of Markets Strategist Quek Ser Leang at UOB Group, USD/IDR could advance to the 15,015 level in the near term. Key Quotes Last week, we held the view that USD/IDR “is likely to edge lower but a sustained drop below 14,740 is unlikely”. Our view was incorrect as USD/IDR rose to high of 14,960. USD/IDR opened on a firm note in Asian trade today and it is likely to rise further to 15,015 this week. The next resistance at 15,045 is unlikely to come under threat. Support is at 14,925, followed by 14,850. …
POUND STERLING ANALYSIS & TALKING POINTSUK CPI expected to come in hotter, exacerbating inflationary pressures.Market pricing may be overkill leaving room for a GBP correction.Overbought signal on cable could point to a pound selloff. Recommended by Warren Venketas Get Your Free GBP Forecast GBPUSD FUNDAMENTAL BACKDROPThe British pound has held on to it’s gains from last week, despite being marginally weaker against the US dollar. This comes on the back of a hawkish rhetoric surrounding the Bank of England (BoE)’s upcoming interest rate decision (see economic calendar below). Recent robust jobs data and elevated inflation levels will most likely keep…
GBP/AUD just got rejected from a key inflection point! Will this mean a longer-term reversal for the pair? I’m looking at the 1-hour chart for clues! GBP/AUD 1-hour Forex Chart by TV A couple of hours earlier, GBP/AUD got rejected and turned lower from the 1.8750 minor psychological handle. And why not? As you can see, 1.8750 is right around the R1 (1.8720) of today’s Standard Pivot Points. More importantly, it’s also near a previous support and resistance level that now marks a possible range resistance zone for GBP/AUD. Will this mean more GBP losses against AUD? The bearish divergence…
Pennant Group acquires Idaho-based Bluebird Home Health, Hospice and Home Care provider Source link
© Reuters. A London bus passes by the Bank of England building, in London, Britain November 3, 2022. REUTERS/Toby Melville/File Photo (Reuters) -The Bank of England is facing a stormy gilts market while Turkey’s new governor is expected to ramp up rates sharply at central bank meetings this week. There’s a fresh read on the health of the world economy in the offing, while key policy makers are hitting the road, with U.S. Secretary of State Antony Blinken wrapping up talks in Beijing, while London and Paris are hosting some big summits. Here’s a look at the week ahead in…