Author: FX
Stock market sentiment continues to stabilise, but indexes are heading for solid weekly losses after a turbulent week for markets and the financial sector in particular. After the Credit Suisse was given a liquidity facility by the Swiss National Bank, a rescue package for First Republic Bank was announced and while that helped to soothe markets, nervousness remains. Stocks moved broadly higher across Asia, but indexes are still heading for a weekly loss and the same holds for Europe. European and US futures are moving higher though, as the focus turns to next week’s Fed announcement, with traders currently expecting a…
A private ($30 bln) “rescue” of First Republic Bank by a consortium of 11 big banks helped ease concerns over a full blown financial crisis. Their efforts were rewarded yesterday, as risk appetite improved and investors returned to Wall Street, lifting the major indexes sharply. USA100 jump 2.48% and is up 7.95% from Monday’s nadir, the US500 advance 1.76%, and the USA30 was 1.17% firmer. A risk off mood that raced around the world this week has cooled. Asian markets are firmer too (Hang Seng leads at +1.44%) and European FUTS are also in positive territory. USD & Treasuries have cooled as…
“What comes up would always come down!” Reversal signals coming from overbought or oversold market levels are inherently high probability momentum reversal trade setups. This is because such price extremes are often unsustainable. Sooner or later, market participants would find such market condition uncomfortable and price would reverse. The trading strategy about discussed is a reversal trading strategy which capitalizes on the confluences of reversal trading signals using two technical indicators. Super Passband Filter 2 Indicator The Super Passband Filter 2 Indicator is a customized oscillator type of indicator, developed by John Ehlers, which utilizes a smoothing technique based on…
There are a few to take note of, as highlighted in bold.The first ones being for EUR/USD layered from 1.0660 through to 1.0710 but in particular, the ones closer to 1.0700 which are significantly large in size. That may very well put a lid on gains in the session ahead, before rolling off with the pair continuing to look upbeat on a bounce off its 100-day moving average yesterday.A softer dollar and better risk mood is also helping with that, at least for now, but just be wary of the levels highlighted.Then, there is the one for USD/JPY near 133.00…
Share: USD/INR extends the previous day’s pullback from three-week high. US Treasury bond yields weigh on greenback amid receding fears of financial crisis. Mixed sentiment, light calendar and pre-Fed anxiety are extra catalysts that allow Indian Rupee to lick its wounds. USD/INR holds lower grounds near 82.50 while keeping the previous day’s U-turn from a three-week low during early Friday. Even so, the Indian Rupee (INR) pair remains firmer for the second consecutive week heading into the next Wednesday’s Federal Open Market Committee (FOMC) monetary policy meeting. The pair’s latest losses could be linked to the market’s cautious optimism as…
Looking to trade the comdolls today? Take a look at these potential reversal setups ready to play out on AUD/USD and NZD/USD. I’m seeing an inverted head and shoulders and a double bottom on these charts: AUD/USD 1-hour Forex Chart by TradingView First up is this sketchy double bottom on the hourly chart of AUD/USD. The pair made a couple of failed attempts to break through the .6550-.6600 region and is now on its way to test the reversal formation’s neckline. A break higher could confirm that an uptrend of the same height as the chart pattern is about to…
This U.S. equity index is in the middle of a correction after its trend line breakdown. Will this confluence of resistance levels be enough to keep gains in check? Here’s where sellers might be looking to hop in. S&P 500 Index (SPX500) 4-hour Chart by TradingView It looks like the tide is turning in favor of stock market bears! The S&P 500 index recently tumbled below an ascending trend line that’s been holding since October last year, which suggest that a downtrend could follow. However, technical indicators are still pointing to the presence of bullish vibes, so a pullback might…
US Dollar, First Republic Bank, Fed Balance Sheet – Asia Pacific Market Open:US Dollar rises as Frist Republic Bank poised to receive fundingFederal Reserve balance sheet soars, it’s not quantitative easingDXY eyeing a rising channel, will broader uptrend resume ahead? Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – First Republic Bank, Fed Balance SheetThe US Dollar outperformed its major counterparts on Thursday as financial market volatility continued cooling in the wake of last week’s collapse of Silicone Valley Bank. Reports crossed the wires that First Republic Bank, one of the regional lending institutions caught in the…
KeyCorp appoints Khayat to succeed Kimble as CFO – filing Source link
© Reuters. Mizuho expects PG&E shares to be weak following CFO’s resignation By Davit Kirakosyan Mizuho Securities commented on PG&E Corp. (NYSE:) after the announcement that CFO Chris Foster resigned to become CFO at CenterPoint Energy (NYSE:). This was unexpected to the brokerage, which expects PG&E shares to be weak given (1) this is the second recent departure of the company’s executive, (2) recent management changes in the sector have caused stock selloffs, and (3) all the positive catalysts are expected in the second half of the year so it will take some time for investors to focus on the…