Author: FX
Heads up, euro traders! The ECB decision is coming up soon and another hike is eyed. Can this allow EUR/CHF to resume its climb? Before moving on, ICYMI, yesterday’s watchlist looked at AUD/NZD’s bearish channel resistance ahead of top-tier releases from New Zealand and Australia. 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: U.S. headline producer prices dipped 0.1% m/m in February versus estimated 0.3% uptick, core PPI stayed flat instead of posting the estimated 0.4% gain…
Trading Leveraged Products is risky Concerns over Credit Suisse added to the fallout from the collapse of SVB, Signature Bank and Silvergate. And though there have been problems at the big Swiss bank for years, fears of a global contagion exacerbated investor jitters. The Bank was down -30% at one point – closed -14%. The Swiss authorities will offer a loan of $54bn to try to prevent collapse and the stock is +35% pre-market. A risk off mood has raced around the World and holds for now. USD, CHF, JPY & Gold had safe haven bids and the short end…
Momentum breakouts is a type of market condition wherein price is moving strongly in one direction, usually within a few candles and at times even started with just one price candle. These candles often breakout of a market contraction phase which are usually characterized by small price, indecisive price candles. The sudden appearance of long full-bodied candle indicate that a market event has occurred that caused traders to either buy or sell immediately. Momentum breakouts have so much potential. This is because momentum breakouts are often the beginning of a fresh trend. Traders who could catch these fresh trends and…
Who’s in for a quick pullback setup on Cable today? I’m seeing a trend line breakout and an opportunity to catch the potential reversal! Here’s where buyers might be waiting. GBP/USD 1-hour Forex Chart by TradingView Cable looks ready for a reversal from its short-term downtrend, as the pair already busted through its descending trend line. Price is in the middle of a correction, though, so more pound bulls might be looking to hop in at these bargain levels marked by the Fib retracement tool. So far, the 50% level already seems to be holding as a floor since it…
Invesque reports Q4 results Source link
Swiss Franc, USD/CHF, Credit Suisse, SNB, ECB, RBA, NZD/USD – Talking PointsThe Swiss Franc steadied today after the Swiss National Bank stepped inMarkets are left guessing where the blowtorch will next be appliedIf risk aversion takes hold, will it change the central banks tightening cycle? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The Swiss Franc is caught in a vortex between a banking crisis and a risk-off event as markets are asking questions of what the ramifications of the failure of three US banks will…
Will the “too big to fail” myth be busted? Credit Suisse is the second largest bank in Switzerland and one of many large banks in the West. On March 14, Credit Suisse Group admitted in its annual report that the internal control reported for the 2022 and 2021 fiscal years was invalid, and there were “major defects” in the entity’s statements. As soon as the news came out, the bank’s stock price plummeted immediately, hitting new lows several times in just one month. cnbc. The bank’s shares were down 24% through Wednesday’s close , the biggest one-day sell-off. Not only…
© Reuters. FILE PHOTO: Guns are displayed in the Drugs Museum, used by the military to showcase to soldiers the lifestyles of Mexican drug lords, at the headquarters of the Ministry of Defense in Mexico City, October 14, 2016. REUTERS/Henry Romero/File Photo By Sarah Morland MEXICO CITY (Reuters) – Mexico has filed an appeal in a civil lawsuit against U.S.-based gun manufacturers, it said on Wednesday, as it looks to crack down on the trafficking of weapons to powerful drug cartels. A U.S. judge in September dismissed the $10 billion lawsuit seeking to hold U.S. gun makers responsible for facilitating…
<p>The trade balance data out at the same time is ay the link below.</p><p><a href="https://www.forexlive.com/news/japan-february-exports-65-yy-expected-71-imports-83-yy-expected-122-20230315/" target="_blank" rel="follow" data-article-link="true">Japan February Exports +6.5% y/y (expected +7.1%) & Imports +8.3% y/y (expected +12.2%)</a></p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Following the bank’s disclosure that its financial reporting procedures for 2022 and 2021 contained “significant deficiencies,” shares of Credit Suisse dropped sharply early on Tuesday, setting a new record low for the troubled bank. This also seems to have been the catalyst for fresh risk aversion behavior in the financial markets, especially after Credit Suisse’s largest investor, Saudi National Bank, said it won’t provide further financial help for the bank. Dollar, Gold, S&P 500, Oil, U.S. 10-yr Yield 15 minute Overlay by TradingView Traders seem to have rushed to safe haven assets like the Greenback and gold on the session,…