Author: FX
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
Share: WTI grinds within immediate bullish channel after snapping five-day downtrend. Key moving averages, monthly resistance line challenge buyers. Bears need to conquer $72.70 to retake control, $76.70 acts as immediate support. WTI pares the week-start gains as it prints mild losses around $77.30 during Tuesday’s Asian session. In doing so, the black gold trades inside a two-day-old ascending trend channel. Adding strength to the recovery moves could be the looming bull cross on the MACD, as well as a clear bounce off the six-week-old horizontal support zone, near $72.50-70. It’s worth noting, however, that the quote’s upside…
Whirlpool declares $1.75 dividend Source link
Manitowoc Non-GAAP EPS of $0.74 beats by $0.48, revenue of $621.6M beats by $55.84M Source link
(Reuters) – An explosion tore through an Ohio metals plant on Monday, sparking a fire and sending smoke billowing into the sky, local media reported, citing witnesses. Video from the scene showed multiple first responders on the site including fire fighters who were spraying flames with water on the damaged factory about 15 miles (24 km) southeast of Cleveland. The explosion occurred at the I Schumann & Co. metals plant in Bedford, causing a fire that triggered a call for fire departments across the greater Cleveland and Akron areas to respond, WKYC television news reported, citing witnesses. WOIO television reported…
The focus on the agenda for the Asia day is the Reserve Bank of Australia minutes release, for the February 2023 meetingThe February 2023 monetary policy decision was a +25bp rate hike. And the statement from Governor Lowe accompanying the decision tilted more hawkish, firming up expectations of further hikes to come.Since the decision we’ve had extensive public remarks from Lowe, links can found in these postsSo while the minutes will be eyed for more detail we do know what the RBA is thinking (more hikes to come). This snapshot from the ForexLive economic data calendar, access it here. The…
Share: What you need to take care of on Tuesday, February 21: The week started in slow motion amid the United States celebrating President’s Day. The absence of relevant macroeconomic releases helped majors to trade within tight intraday ranges. In the meantime, the market sentiment is sour. Tensions between the United States and China over the balloons shots earlier this month continue as US top diplomat Anthony Blinken said Beijing’s actions were irresponsible, while Chinese officials responded US reaction was “hysterical.” Meanwhile, North Korea fired an intercontinental ballistic missile on Saturday that landed in the Sea of Japan.…
Virtus Newfleet High Yield Bond ETF declares monthly distribution of $0.0965 Source link
© Reuters. FILE PHOTO: A view shows the Israeli settlement of Maale Adumim in the Israeli-occupied West Bank February 25, 2020. REUTERS/Ammar Awad/File Photo By Michelle Nichols UNITED NATIONS (Reuters) -The U.N. Security Council issued a formal statement on Monday denouncing Israel’s plan to expand settlements on occupied Palestinian territory, the first action the United States has allowed the body to take against its ally Israel in six years. Washington’s support for the presidential statement – action the 15-member council has to agree by consensus – came after the United Arab Emirates said it would not put a stronger draft…
SNB is still willing to be active in FX marketsVery strict about price stability mandateThe EURCHF has been consolidating over the last 10 days mostly between 0.98459 and 0.99248. Today, the price fell back below its 100 day moving average at 0.9871, and stayed below its 200 day moving average of 0.98927. The high price today reached 0.9888 and rotated to the downside. Closing below the 100 day moving average will tilt the bias more to the downside in the pair. However, there is a lot of support going back to the beginning of December ahead including: The low price…