Author: FX
EURUSD moves to a new highIn my last post on the EURUSD, I said:”Looking at the hourly chart, the price bounce moved back above the swing low from Monday, Wednesday and yesterday and the swing low from last week. That area comes between 1.0653 and 1.0668. The price is back in that swing area. Can the 1.0653 level now hold support in the short term? If so, it is up to the 100 hour MA at 1.0699 (and moving lower). The 200 hour MA is at 1.07085.”As London/European traders head for the exits for the weekend, that scenario has played…
D-Keine/iStock via Getty Images Citi reported Friday that investors poured more capital into fixed income funds than equity funds for the week that ended February 15. Market participants also continued to inject cash into global and European based funds, the data showed. For the week, fixed income funds received $5.5B worth of cash, whereas equity funds attracted only $300M. Additionally, the financial institution stated in a note to clients that global funds documented $1.3B worth of inflows. At the same time, European funds noticed an intake of $1.5B, which according to Citi “mostly went to regional ETFs, which have already…
Share: USD/MXN drops below last Thursday’s low, extending its losses to a fresh multi-year low of around $18.40. USD/MXN Price Analysis: A break below $18.40 would pave the way toward $18.00. The USD/MXN hit an almost 4-year-and-a-half month low around 18.4485, a level last seen in October 2018, extending its losses by 0.89% in the week. At the time of writing, the USD/MXN exchanges hands at 18.4161. Since the beginning of the week, the Mexican Peso (MXN) has shown resilience to register a daily loss vs. the greenback (USD). Even though the USD/MXN Tuesday’s session finished in the…
Binance Chief Executive Officer Changpeng Zhao denied that the exchange is considering delisting all US-based cryptocurrencies as the crypto industry prepares for a US crackdown.”False” he tweeted in response to a headline.He also address the main story in the Bloomberg report, that he is considering pulling back from US partners.”We pulled back on some potential investments, or bids on bankrupt companies in the US for now,,” he wrote.The initial report said Binance was considering ending relationships with US business partners after “its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, according…
> European equity close: A modest stumble to end another strong week Closing changes in the main European bourses for the day and week Adam Button Friday, 17/02/2023 | 16:34 GMT-0 17/02/2023 | 16:34 GMT-0 On the day:Stoxx 600 -0.2%German DAX -0.3%Francis CAC -0.2%UK’s FTSE 100 -0.2%Spain’s Ibex 0.0%Italy’s FTSE MIB -0.2%On the week:Stoxx 600 +1.4%German DAX +1.2%Francis CAC +3.1%UK’s FTSE 100 +1.4%Spain’s Ibex +2.4%Italy’s FTSE MIB +1.5% ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
2/2 © Reuters. Veronika Krasevych, an 11-year-old Ukrainian girl feeds feral cats near her building destroyed by Russian military strike in the town of Borodianka heavily damaged during Russia’s invasion of Ukraine, outside of Kyiv, Ukraine February 15, 2023. After her 2/2 BORODIANKA, Ukraine (Reuters) – Eleven-year-old Veronika Krasevych crouched down in the rubble near the ruins of her home in northern Ukraine, holding out a sachet of food to two ragged cats at her feet. Almost a year earlier, Russian shells had rained down on her family’s ninth-floor apartment in the town of Borodianka, as they huddled in the…
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Share: The correction of the Gold price has been pronounced. In the opinion of strategists at Commerzbank, investors on the Gold market are likely to remain hesitant after the price dip. Forecast of the mid-year Gold price lowered to $1,800 “Hopes of an end to the rate hike cycle in the near future in the US have turned out to be premature. Currently, a troy ounce of Gold costs a good $130 less than it did at the beginning of the month. Presumably, a number of investors have had their fingers burnt.” “In response to the Fed’s steeper…
Share: Gold price is set to finish the week with losses of around 1.60%, below $1,850. US CPI and PPI figures reignite investors’ worries about a hawkish Federal Reserve. Solid Retail Sales and Jobless Claims data show the robustness of the US economy. Investors estimate the Federal Fund Rates will be above the 5.0% threshold by July 2023. Gold spot price tumbled for the third day of the week, down almost 0.65% in the aftermath of incoming US economic data, which turned sentiment sour on speculations that further Federal Reserve (Fed) tightening is on it’s way. At the…
USDCAD corrects back toward key swing areaThe USDCAD has moved outside of the up and down “red box” that confined lows and highs over the last three trading weeks today, but has more recently moved back to retest the area. Key support. Looking at the 4-hour chart above, the pair moved lower earlier this week, bottoming ahead of the lows from the end of January. The area between 1.3262 and 1.3272 is the low of what has been a up and down swing area for the USDCAD (the “red box” in the chart above).The rally over the last 3 trading…