Author: FX
There are a couple to take note of for the day, as highlighted in bold.The first being a bunch of expiries for EUR/USD in the region of 1.1030-50. The largest of them being the one at 1.1050 but put together, there is a lot of interest in and around those levels. If you pair that with the 100-hour moving average at 1.1030 currently, it does add another layer for price action to keep below with the technical level having stopped gains in trading yesterday.Then, we have the one for USD/JPY at 142.00 but that might not see too much focus…
The RBA did some damage on the Aussie’s prices today! Will AUD buyers find enough friends to restart a previous uptrend? In case you missed it, the Reserve Bank of Australia (RBA) kept its interest rates unchanged at 4.10% when at least some rate hike fans had expected an increase to 4.35% AUD/JPY 15-min Forex Chart by TV Not surprisingly, Australia’s bond prices dipped and so did AUD against its major counterparts. But sluggish demand for Japanese government bonds has also weakened the yen today. And if the RBA Decision Event Guide is any clue, AUD could shake off its…
Share: Economists at Société Générale analyze USD/KRW technical outlook. Reclaiming the 200-DMA essential for affirming an extended up-move USD/KRW has experienced a deeper pullback after failing to overcome a multi-month trend line and the 200-DMA near 1,324 (now at 1,305/1,310). It has recently formed an interim trough near 1,257. An initial bounce is under way however reclaiming the MA would be essential for affirming an extended up-move. Failure to cross 1,310 could result in one more down leg. Next potential support levels are located at previous gap and projections near 1,250/1,244. Source link
Crude oil has been on a tear lately, taking it to the top of its range visible on the daily time frame. Will it retreat from here? Or can it extend its gains past this resistance zone? Here are the levels I’m watching. WTI Crude Oil (USOIL) Daily Chart by TV Is crude oil in for a bounce or a break? The commodity price is hanging out at the very top of its range around the $81.15 per barrel level, still deciding where to go next. Technical indicators are hinting that the ceiling might hold, possibly sending oil back down…
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TrueCar GAAP EPS of -$0.23 misses by $0.03, revenue of $39.3M beats by $0.38M Source link
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Share: GBP/USD stays pressured after downbeat week-start, reverses Friday’s corrective bounce off multi-day low. UK BRC inflation catalyst suggests the first fall in prices in two years, British mortgage approvals and consumer credit jump. Fresh challenges to sentiment also weigh on Cable pair. UK/US activity data for July to direct intraday moves of Pound Sterling, BoE is the key. GBP/USD holds lower grounds near 1.2830 as it keeps the week-start losses after witnessing a downbeat UK inflation signal early Tuesday morning in Asia. In doing so, the Cable pair also justifies the broad US Dollar strength ahead of…
Yoshitsu Co GAAP EPS of -$0.22, revenue of $169.72M Source link
© Reuters. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford By Shariq Khan BENGALURU (Reuters) -Oil prices rallied to a fresh three-month high on Monday and recorded their steepest monthly gains since January 2022, supported by signs of tightening global supply and rising demand through the rest of this year. More actively traded October futures rose $1.02, or 1.2%, to settle at $85.43 a barrel. The September Brent contract, which expired at settlement on Monday, rose 0.7% to close at $85.56 a barrel.…