Author: FX
© Reuters. Indicted FTX founder Sam Bankman-Fried arrives at the United States Courthouse in New York City, U.S., July 26, 2023. REUTERS/Amr Alfiky By Jonathan Stempel NEW YORK (Reuters) – The indicted FTX cryptocurrency exchange founder Sam Bankman-Fried is trying to stay out of jail for disclosing too much to the press, and enlisted one of the foremost American constitutional law experts for help. Laurence Tribe, the longtime Harvard Law School professor, in a Tuesday night court filing said Bankman-Fried’s disclosures to the New York Times about a former colleague appeared to fall short of the “clear and convincing evidence”…
The USDCAD moved above the 38.2% retracement of the move down from the May 2023 high at 1.3306.On the hourly chart, the buyers have been trending the pair to the upside over the last 2 days with little in the way of corrections.On the 5-minute chart, after correcting lower into the Asian session, the price of the USDCAD started to trend to the upside and use its 100-bar moving average on the chart as a support level to propel the pair to the upside (see blue line on the chart below).In this video, I analyze the technicals driving the USDCAD…
Are we about to see another upside NFP surprise? Or will the U.S. jobs figure fall short like it did last time? Here’s what you need to know if you plan on trading this top-tier event: Event in Focus: U.S. Monthly Employment Situation Summary from the U.S. government for July 2023 When Will it Be Released: August 4, Friday: 12:30 pm GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: U.S. Non-Farm Payrolls Change m/m: +203K forecast vs. +209K previous U.S. Average Hourly Earnings m/m: +0.3% m/m forecast vs. 0.4% m/m previous U.S.…
Share: USD/JPY trades flat at 143.35 after finding support at a low of 142.22. According to ADP, the number of employed people rose by 324k in July. Rising yields allowed the USD to gain traction. On Wednesday, the USD gained traction following hot labour market data from the US. The DXY index trades rose above the 100-day Simple Moving Average towards 102.70, its highest level since early July. Automatic Data Processing Inc. (ADP) revealed that the number of employed people in the US was 324,000 in July, higher than the 189,000 expected but lower than the revised figure of…
GBP/USD and GBP/NZD Analysis and ChartsUS dollar downgrade not showing in USD-crosses today.GBP/NZD multi-year high as NZ unemployment grows. Recommended by Nick Cawley How to Trade GBP/USD Rating agency Fitch took a red pen to the US credit rating yesterday, downgrading it from AAA to AA+ with a stable outlook. The move, hinted at in May by the agency, was due to an ‘erosion of governance’ and ‘expected fiscal deterioration over the next three years’. The agency pointed to the potential default in June this year due to a political stand-off over raising the debt ceiling as one of its…
Seanergy Maritime Non-GAAP EPS of $0.18 beats by $0.06, revenue of $28.3M beats by $1.55M Source link
In forex trading, the initial goal is simple: to trade for another day. Opening an account and putting real money on it is the easy part. The challenge is to stay afloat long enough for you to acquire the skills needed to become consistently profitable. So how do you know when you’re on the right track? Does a negative balance automatically mean that you suck as a trader? How many trades do you think are needed before you HAVE to show profits? Should you panic when you’re on a losing streak? If you freaked out over the questions above, don’t.…
© Reuters. Investing.com — U.S. fell Wednesday after the surprise downgrade of the U.S. government’s credit rating by Fitch hit sentiment, as the quarterly earnings season continued. Here are some of the biggest premarket U.S. stock movers today: Advanced Micro Devices (NASDAQ:) stock rose 2.5% after the chipmaker forecast that the release of its artificial intelligence chips will drive up its annual results, planning to launch its MI300 AI chips later this year. Starbucks (NASDAQ:) stock fell 1.5% after the coffee chain reported disappointing global comparable sales, as demand for its drinks and food showed signs of slowing in North…
AUD/USD daily chartThat marks the lowest level for the pair since 2 June with the latest drop looking to take out the end-June and July low near 0.6600. The fall today owes to a softer risk mood mostly amid safety flows but it has been coming since the middle of last month already.The double-top near 0.6900 is being confirmed with the breaks of the 100 (red line) and 200-day (blue line) moving averages being solidified. That keeps up the more bearish momentum and with the drop below 0.6600, the next target will be the year’s lows near 0.6500.From the fundamental…
Share: Economists at Credit Suisse analyze USD/JPY outlook after the latest BoJ decision. Strong downside surprises for US data could cap upside While our call for unchanged policy we made last week did not work out, we feel vindicated by the ‘spirit’ of both the very modest shift in policy and Monday’s very rapid yield-capping intervention. Our expectation for Q3 is 135-152, and we have seen the 145 level as a natural magnet. If that level were to break, we see little reason for a move to test 150 to not unfold, unless in the meantime there are…