Author: FX
Waiting for a big move in the equity markets these days? Take a look at this FTSE 100 wedge consolidation pattern that might be ready for a breakout soon! FTSE 100 (UK100) 1-hour Chart by TradingView I’m seeing tighter consolidation on this rising wedge formation! This means that a breakout is bound to happen soon for the FTSE 100 stock index. But which way might it go? Moving averages are pointing to a potential upside move, as the 100 SMA is still above the 200 SMA to reflect the presence of bullish vibes. If that’s the case, the equity index…
Timon Schneider/iStock Editorial via Getty Images Shaw Communications (NYSE:SJR) rose 1.1% in after hours trading on a report that Canadian Industry Minister François-Philippe Champagne is expected to approve Rogers (NYSE:RCI) C$20 billion takeover of Shaw. The Canadian minister is expected to approve the acquisition before the open of Canadian markets on Friday, according to a CTFN report, which cited an unidentified House of Commons aide. The report comes as Friday is the “outside date” or walk date for the parties to exit or extend the transaction after its been extended several times, including on Feb. 17. Shaw (SJR) rose 0.9%…
© Reuters. FILE PHOTO: A view of a vegetable stand with prices at a supermarket in Tokyo, Japan, March 24, 2023. REUTERS/Androniki Christodoulou By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer inflation in Japan’s capital Tokyo slowed in March for a second month but remained well above the central bank’s 2% target, data showed on Friday, highlighting broadening price pressures in the world’s third-largest economy. The data underscores the challenge incoming Bank of Japan (BOJ) Governor Kazuo Ueda faces in judging whether the recent cost-driven inflation will shift to one backed by solid demand and wage growth.…
Haven-linked US Dollar declines as Wall Street continues higherTraders seem to be ignoring clearly not-dovish Fed commentaryStill, Bear Flag remains key technical downside setup on the daily Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – US Dollar Keeps Diverging from the FundamentalsThe US Dollar extended lower on Thursday with the DXY Index falling 0.46 percent. As March wraps up, the currency is down about 2.6% and is on course for the worst monthly performance since November.The haven-linked US Dollar underperformed amidst a general improvement in risk appetite once again. On Wall Street, the tech-heavy Nasdaq 100…
A Manhattan Grand Jury has voted to indict Trump.The New York Times reporting, citing “four people with knowledge of the matter.” Bit of a historical occasion this. First US President, current or former, to face criminal charges. If convicted Trump will get off with a fine. And he can run again for President. Payment was made to Stormy Daniels. Source link
Share: XAG/USD is upward biased from a daily chart perspective, and it might test the YTD high at $24.63. XAG/USD is in a solid uptrend, supported by oscillators at bullish territory. XAG/USD may experience a downside if it falls below $23.50, as it could drop toward the S1 pivot point. Silver price broke a two-month resistance trendline, reaching a new 8-week high of $23.92 due to overall US Dollar (USD) weakness and falling US Treasury bond yields. Therefore, the XAG/USD is trading at $23.74, up more than 2%, after hitting a low of $23.24. XAG/USD Price action From…
CANADIAN DOLLAR OUTLOOK:USD/CAD extends losses amid positive market sentimentHigher oil prices also benefit the Canadian dollarThe pair seems to be on the verge of invalidating a key technical support zone, a bearish signal for price action Recommended by Diego Colman Get Your Free USD Forecast Most Read: EUR/USD Confronts Trendline Resistance, Threatens Breakout After Hot German CPIThe Canadian dollar, colloquially known as the loonie by forex traders, continued to appreciate on Thursday, supported by widespread U.S. dollar weakness, risk-on sentiment on Wall Street and rising oil prices, with USD/CAD retreating more than 0.2% to 1.3530, the lowest exchange rate in…
Crypto exchange Kraken pledges to comply with tighter rules in Canada Source link
2/2 © Reuters. FILE PHOTO: Dressmaker Faieza Caswell from Mitchells Plain sews under candlelight in her workplace, on the Cape Flats due to South Africa’s struggling power utility company Eskom, implementing regular power cuts – called ‘load-shedding’, in Cape Town, Sou 2/2 By Tannur Anders and Promit Mukherjee JOHANNESBURG (Reuters) – Three major jolts in as many years coupled with the once unthinkable possibility of a power grid collapse have spooked reinsurers in South Africa, spelling an end to cheap coverage in the continent’s most developed insurance market. Insurance premiums are climbing worldwide on the back of rising inflation and…
INTEL, Daily Intel Corporation’s latest announcement regarding its server chip products has caused a significant surge in the company’s stock price. According to Executive Vice President Sandra Rivera, Intel will introduce a new server chip, complete with more computing cores, using an advanced production technique that will come sooner than anticipated. As a result, the stock rallied by 7.6% immediately after the announcement. Intel CEO Pat Gelsinger has made it a priority to regain technological leadership in the server market, which has been one of the most profitable areas of the business. Under its previous leadership, the company lost significant…