Author: FX
EUR/USD is breaking a trend line support while NZD/USD is sporting a bearish reversal pattern. Who’s up for trading these USD pairs? If you are, then you better not miss these opportunities! EUR/USD 4-hour Forex Chart by TradingView EUR/USD has been showing higher highs and higher lows since rocketing from its October 2022 lows near .9600. But is the party over for EUR bulls? The 100 SMA has crossed over the 200 SMA, something that hasn’t happened since November when EUR/USD saw a bullish crossover that heralded months of gains. Price action is also supporting some selling as EUR/USD breaks…
Equinox Gold reports Q4 earnings; initiates FY23 guidance Source link
© Reuters. A woman using her smartphone takes a photo of the headquarters of Bank of Japan in Tokyo, Japan, January 17, 2023. REUTERS/Issei Kato By Junko Fujita TOKYO (Reuters) – The Bank of Japan said on Wednesday it would conduct emergency bond buying after the yield on benchmark 10-year government bonds breached the top end of the central bank’s policy band for a second straight session. Investors have renewed their attack on the BOJ’s ultra-loose interest rate stance, expecting the central bank to abolish its yield curve control (YCC) policy after incoming governor Kazuo Ueda takes the helm in…
Euro, EUR/USD, US Dollar, GBP/USD, Euro CPI, NZD/USD, RBNZ – Talking PointsEuro support halted its slide against the US Dollar todayTreasury yields resumed their upward march while the RBNZ tightenedAPAC equities softened after Wall Street carnage. Where to for EUR/USD? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The Euro steadied today after overnight losses as the US Dollar eased in Asia today, in line with Treasury yields after a solid uptick in both going into the North American close.The greenback posted gains across the G-10…
<ul><li><a href="https://www.forexlive.com/news/hong-kong-will-hand-out-hkd5000-consumption-vouchers-to-those-18-years-and-older-20230222/">Hong Kong will hand out HKD5,000 consumption vouchers to those 18 years and older</a></li><li><a href="https://www.forexlive.com/centralbank/jpmorgan-strategists-say-equities-damage-has-been-done-fallout-is-likely-still-ahead-20230222/">JPMorgan strategists say equities "damage has been done … fallout is likely still ahead"</a></li><li><a href="https://www.forexlive.com/centralbank/rbnz-rate-hike-news-confernce-says-still-forecasting-a-recession-9-to-12-months-period-20230222/">RBNZ rate hike news conference, says still forecasting a recession 9 to 12 months period</a></li><li><a href="https://www.forexlive.com/news/new-zealand-data-january-credit-card-spending-44-mm-prior-16-179-yy-124-20230222/">New Zealand data: January credit card spending +4.4% m/m (prior -1.6%) +17.9% y/y (+12.4%)</a></li><li><a href="https://www.forexlive.com/centralbank/bojs-tamura-says-appropriate-to-maintain-monetary-easing-20230222/">BOJ's Tamura says appropriate to maintain monetary easing</a></li><li><a href="https://www.forexlive.com/centralbank/nzdusd-higher-after-the-hawkish-reserve-bank-of-new-zealand-decision-20230222/">NZD/USD higher after the hawkish Reserve Bank of New Zealand decision</a></li><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-mid-point-today-at-68759-20230222/">PBOC sets USD/ CNY mid-point today at 6.8759</a></li><li><a href="https://www.forexlive.com/centralbank/rbnz-hikes-cash-rate-by-50bp-as-widely-expected-20230222/">RBNZ hikes cash rate by 50bp, as widely expected</a></li><li><a href="https://www.forexlive.com/news/australian-data-q4-construction-work-completed-a-huge-miss-at-04-qq-expected-15-20230222/">Australian data – Q4 construction work…
Share: Gold price seesaws inside one-week-old trading range between 50-day EMA and 100-day EMA. Cautious mood ahead of FOMC Minutes, geopolitical fears surrounding Russia, China keeps XAU/USD bears hopeful. Fed Minutes should push back policy pivot talks to please Gold sellers. Gold price (XAU/USD) probes two-day downtrend as it treads water around $1,835 during early Wednesday. In doing so, the bright metal remains inside the weekly trading range of around $30.00 as traders await the Federal Open Market Committee’s (FOMC) Monetary Policy Meeting Minutes. It’s worth noting that the geopolitical fears and the US Dollar’s lackluster moves around…
© Reuters. FILE PHOTO: Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration By Sakura Murakami TOKYO (Reuters) -A senior Chinese diplomat told his Japanese counterpart that Beijing was very troubled by Tokyo’s military build up and criticised it for adopting a “Cold War mentality” in their first formal security talks in four years. “To be honest, we have concerns over Japan’s release of its new defence and security documents,” Chinese Vice Foreign Minister Sun Weidong said on Wednesday at the start of the meeting in Tokyo with Japanese Minister for Foreign Affairs Shigeo…
Eamonn Sheridan Wednesday, 22/02/2023 | 01:32 GMT-0 22/02/2023 | 01:32 GMT-0 Bank of Japan policy board member Tamura At some point in the future, the BOJ must conduct assessment of monetary policy framework, feasibility of its policy by looking at balance of benefits, costsBut for now, it is appropriate to maintain easy monetary policyJapan’s economy likely to recovery but uncertainty regarding outlook is extremely highTamura is keen for a review of Bank of Japan policy: ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Share: The Reserve Bank of New Zealand raised the OCR by 50 bps to 4.75% in February. NZD/USD has rallied to 0.6245 as markets look past the Cyclone Gabrielle-led damage and the prospects of a more hawkish Federal Reserve. Instead, investors are wary of the RBNZ’s higher inflation expectations from 3.8% to 4.2% by March 2024. Key notes More to come… NZD/USD update NZD/USD is showing signs of resilience to US Dollar strength on the interest rate decision: Traders are looking to the RBNZ’s peak rate forecast and Governor Adrian Orr’s press conference later today. These will likely hold the key…
Dow, VIX , Dollar and Macro Economic Event Risk Talking Points:The Market Perspective: EURUSD Bearish Below 1.08; USDJPY Bullish Above 133; Dow Bearish Below 33,200The US markets reopened after an extended holiday weekend Tuesday, and risk aversion seemed to immediately catch with the Dow presenting a key break and the VIX soaringDespite the intensity of the ‘risk off’, there wasn’t a very clear catalyst for the move and the lack of response from the safe haven Dollar raises some important questions Recommended by John Kicklighter Trading Forex News: The Strategy The US markets reopened Tuesday after an extended holiday weekend…