Author: FX
© Reuters. People stand near the site where two Palestinian Islamic Jihad gunmen were killed in an Israeli raid in Qabatiya, near Jenin, in the Israeli-occupied West Bank May 10, 2023. REUTERS/ Raneen Sawafta By Nidal al-Mughrabi and Maayan Lubell GAZA/JERUSALEM (Reuters) – Egypt began mediating an end to two days of cross-border fighting in Gaza on Wednesday that saw Israel’s air force hit Islamic Jihad targets and Palestinian militants in the enclave launch salvoes of rockets across the border as far as Tel Aviv. The second round of cross-border fire in a week came after Israel launched strikes on…
White House:Debt limit talks were productiveEveryone understood risk of defaultStaff will meet daily on debt until leaders meet again on FridaySpeaker the House McCarthy (where the deal will be made with the White House) characterized the meeting yesterday as not making any progress. Politics. Source link
Share: EUR/GBP is already below key support from its lows for the year and 200-Day Moving Average (DMA) to suggest a top is already in place here, analysts at Credit Suisse report. Resistance at 0.8770 set to cap “EUR/GBP has broken key support from the series of lows for the year at 0.8729/18 as well as its 200-DMA to mark a top. We look for this to act as the catalyst for a more concerted downturn with support seen initially at 0.8648/40 ahead of the uptrend from early 2022, now at 0.8603. Whilst we would look for this…
Krispy Kreme declares $0.035 dividend Source link
The US dollar weakened after US CPI showed yet another gradual decline in inflationary pressures. Source link
Ever heard of the line, “Try and try until you succeed?” Well, I’m gonna let you in on a little secret. Sometimes, it doesn’t apply to trading. One common mistake that newbie traders make is overtrading. Because of their fear of missing opportunities to make money, they throw themselves at every little setup they see. Don’t get me wrong, I believe that you also have to be a risk-taker in order to be a successful trader. However, there’s a big difference between making well-thought-out trade decisions and proper risk management versus reactively risking your money blindly at every little setup…
Remarks by ECB president, Christine Lagarde Justin Low Wednesday, 10/05/2023 | 09:08 GMT-0 10/05/2023 | 09:08 GMT-0 She’s not giving much away and just reaffirms the narrative that more rate hikes are coming. We can very well expect two more 25 bps rate hikes to follow perhaps but a move to 4% may be a stretch too far – for now at least. ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
I’m seeing a steady uptrend on the short-term time frame of NZD/USD! Will the U.S. April CPI release shake things up a bit? As you can see from the chart below, the pair is already hanging out at the very bottom of its ascending channel, probably considering a break lower. If that happens, NZD/USD might be in for a quick reversal, so better keep your eyes on these levels. NZD/USD 15-min Forex Chart by TV Support around the .6350 minor psychological mark, which is near the dynamic inflection points at the moving averages, is currently being tested. A break below…
ICL Group GAAP EPS of $0.23, revenue of $2.1B; reaffirms FY23 guidance Source link
Share: As long as AUD/USD trades above the 0.6700 level, another surpass of the 0.6800 barrier should remain on the cards, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Key Quotes 24-hour view: “We highlighted yesterday that ‘upward momentum has waned and this combined with the still overbought conditions suggests AUD is unlikely to advance much further’ and we expected AUD to ‘trade sideways between 0.6755 and 0.6805’. Our view of sideways trading was not wrong even though AUD traded in a lower range than expected (0.6747/0.6787). The price actions offer no…