Author: FX
Who else is looking at major AUD pairs ahead of Australia’s CPI release? I don’t know if you’ve noticed but AUD/USD has been forming higher highs and higher lows since last week when the pair found support from the .6500 psychological area. I’m taking a closer look at the pair today because AUD/USD just turned lower from the .6560 area near the R1 (.6550) of today’s Standard Pivot Points and the top of an ascending channel. How low can AUD/USD go before the buyers step in again? AUD/USD 15-Minute Forex Chart by TV The pair is trading near the 38.2%…
2/2 © Reuters. A residential building burns after being damaged during a massive Russian drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2023. Press service of the Kyiv City Military Administration/Handout via REUTERS 2/2 By Pavel Polityuk and Max Hunder KYIV (Reuters) – Russia launched another wave of attacks on Kyiv in the early hours of Tuesday and the city’s air defence systems were shooting down incoming missiles, while air raid sirens blared in several other regions. “A massive attack!” Kyiv Mayor Vitali Klitschko said on the Telegram messaging app. “Do not leave shelters.” Falling debris…
People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 7.0706more to come-eur This article was written by Eamonn Sheridan at www.forexlive.com. Source link
jetcityimage/iStock Editorial via Getty Images Rolls-Royce (OTCPK:RYCEY) (OTCPK:RYCEF) said Monday it has made no decisions on changes to its workforce, refuting claims made during the weekend by The Sunday Times that it was preparing to cut ~3K jobs. The report said Rolls-Royce (OTCPK:RYCEY) (OTCPK:RYCEF) had hired consultants to streamline the company, and part of the program would involve merging non-manufacturing departments in the company’s civil aerospace, defense and power systems divisions. New CEO Tufan Erginbilgic has expressed the need for the company to improve its cash generation and reduce debt, while launching a comprehensive strategic review with results expected to…
Share: AUD/JPY kicks off the week just under the 92.00 mark, leveraging positive market sentiment that favors riskier assets over safe havens like the Japanese Yen. The AUD/JPY technical outlook remains bullish, with indicators like the RSI and the 3-day RoC hinting at gathering momentum among buyers. AUD/JPY faces immediate resistance at 92.00, with the potential to challenge the YTD high of 92.99; downside support stands at the May 29 low of 91.59, with further falls potentially targeting 91.00. AUD/JPY begins the week on the right foot, though almost unchanged as Tuesday’s Asian session begins, registering minuscule gains…
Notable earnings after Tuesday's close Source link
© Reuters. and the S&P 500 Index (SPX) recovered from their respective intra-week lows to finish last week on a positive note. The recovery was largely driven by the expectations of a debt ceiling deal being reached between the White House and congressional Republicans. While the short-term picture looks promising, traders should not let their guard down. Many times, the price rises on rumors and falls on the news. It needs to be seen whether the bulls will build upon last week’s strength or give back some of the gains after the deal makes its way through Congress.Daily cryptocurrency market…
Dollar index with the 50 day and 200 day moving averagesBank of America (BofA) has shared insights into 8technical strategies based on historical performance data, revealing a variety of potential investment patterns. Key findings include:Golden Cross: This event, when the 50-day moving average (MA) crosses above the 200-day MA, tends to precede rises in the DXY (Dollar Index) 65-79% of the time, typically 20-80 days later. The S&P 500 (SPX) also tends to deliver strong returns 30, 65 and 195 days post Golden Cross, with an uptrend observed 75% of the time.Death Cross: When the 200-day simple moving average (SMA)…
Heads up forex traders! Australia is dropping April’s annualized inflation reading pretty soon! Will the latest rate support “peak” inflation speculations? More importantly, how might the result affect the Reserve Bank of Australia’s (RBA) next monetary policy decision? Here are points to note if you’re planning on trading Wednesday’s release: Event in Focus: Australia Annualized Consumer Price Index for April 2023 When Will it Be Released: May 31, 2023 (Wednesday), 1:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: Australia monthly CPI (y/y): 6.4% forecast vs. 6.3% previous Relevant Data Since…
Share: Oil price finds a floor after Republicans and Democrats agree a deal to extend the US government debt ceiling on Sunday. The deal means a default is unlikely and boosts demand prospects in the US. US interest rates are expected to rise further after debt deal and strong US macro data. Higher interest rates, however, will strengthen the US Dollar but weigh on Oil. Oil price remains in a familiar range within the $72s on Monday, as traders in both the US and UK take a break to enjoy the bank-holiday weekend. WTI Oil is finding…