Author: FX
Stocks Rallied! Asian stock markets have followed Wall Street higher, GER40 and UK100 futures are also posting slight gains, while US futures are narrowly mixed as markets wait for the FOMC announcement later today. Even though concern over global financial stability is easing and risk appetite has improved, with central banks expected to tighten policy further there is still some nervousness ahead of the announcement, as fears that aggressive action will add further pressure continue to weigh. UK inflation surged higher ahead of BoE. The data came in much higher than anticipated, with CPIH rising to 9.2% y/y from 8.8%…
Welcome to mid-week trading, errbody! If you’re looking for GBP setups to trade this week then you’re in luck. GBP/USD just bounced from a shallow Fib retracement while EUR/GBP looks ready for a countertrend move! GBP/USD 1-hour Forex Chart by TradingView First up is a nice and simple short-term uptrend for Cable. GBP/USD just bounced from the 1.2200 psychological level, which was not far from last week’s highs, the 38.2% Fibonacci retracement of this week’s upswing, and the trend line and moving average support zones on the 1-hour time frame. Think GBP/USD can make new intraweek gains in the next…
Federal Open Market Committee (FOMC) previews:Other The Australian and New Zealand dollars recovered some ground after their falls on Tuesday. AUD/USD fared better, while NZD/USD has been stymied ahead of 0.6200. Its currently just under there as I post and threatening to make a liar out of me. There was basically no news of impact for either. A shipment of Australian coal has arrived in China, but this was expected. There has been some thawing in chilly Australia-China relations. EUR/USD barely moved. USD/JPY rallied to circa 132.75 before dipping back to be little net changed on the session. GBP/USD is…
Share: Natural Gas price retreats after bouncing off one-month low the previous day. Hopes of more energy demand, geopolitical fears earlier allowed XNG/USD to rise. Pre-Fed anxiety joins China President Xi’s failure to confirm more gas pipelines from Russia to probe buyers. Risk catalysts, EIA inventories will be important for clear directions. Natural Gas (XNG/USD) price struggles to keep the previous day’s rebound from the monthly low as global markets turn lackluster ahead of the key Fed monetary policy meeting on Wednesday. Also challenging the XNG/USD price could be the recent headlines from China and the cautious mood…
New Concept Energy GAAP EPS of $0.04, revenue of $0.21M Source link
NASDAQ 100 OUTLOOK:Nasdaq 100 rallies and jumps to its highest level since early February despite the surge in Treasury yieldsBullish momentum is reinforced by speculation that the worst of the banking sector crisis is overAll eyes will be on the Fed monetary policy announcement on Wednesday Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Fed Preview – US Dollar and S&P 500 Could Take Diverging Paths After FOMC DecisionThe Nasdaq 100 soared on Tuesday, rallying 1.42% to 12,741, despite a sharp rise in U.S. Treasury yields. Equity market gains were broad-based in the tech space amid risk-on…
3/3 © Reuters. FILE PHOTO: The carbonaceous asteroid Ryugu is seen from a distance of about 12 miles (20 km) during the Japanese Space Agency’s Hayabusa2 mission on June 30, 2018. JAXA, University of Tokyo, Kochi University, Rikkyo University, Nagoya University, Chiba I 2/3 By Will Dunham (Reuters) – Two organic compounds essential for living organisms have been found in samples retrieved from the asteroid Ryugu, buttressing the notion that some ingredients crucial for the advent of life arrived on Earth aboard rocks from space billions of years ago. Scientists said on Tuesday they detected uracil and niacin in rocks…
There are two psychological factors that play with a trader’s mind whenever they are trading the forex market. One is greed and the other is fear. While most traders blame greed for causing them to lose money when trading, fear is also just as damaging to a trader’s account. Seasoned traders know that wins and losses are a given when trading the market. Often, traders lose money out of greed, which often causes them to get out of their game plan. However, disciplined traders lose money not because of greed but purely because the market is the market and it…
Today’s risk-taking is pushing “risky” assets like CAD higher and weighing on safe-havens like CAD/JPY! Does this mean that CAD/JPY’s upside triangle breakout is legit? Before moving on, ICYMI, yesterday’s watchlist checked out a possible pullback situation after risk aversion dragged NZD/JPY lower. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Japan’s markets out on bank holiday New Zealand posts 714M NZD trade deficit in February, not far from February 2022’s 715M NZD shortfall. RBA’s March meeting…
Fxview announced that it will sponsor the National Karate Team of Cyprus at the European Karate Championships for Seniors held in Guadalajara, Spain between 22 and 26 March 2023.With this sponsorship, Fxview aims to raise awareness about the importance of cultivating self-discipline, leadership and, above all, confidence in the young generation. It is the first time that the global financial industry leader steps outside the realm of trading and investing, in an effort to support the development of the young community of Cyprus, where the company is headquartered.As part of a long-term corporate social responsibility (CSR) pro bono initiative, the…