Author: FX

S&P 500, Dollar, EURUSD, GBPUSD and AUDUSD USDJPY, Talking Points:The Market Perspective: EURUSD Bearish Below 1.08; USDJPY Bullish Above 133A risk aversion lean through Thursday found a fight in the through the Thursday session, but benchmarks are entering Friday trade on the cusp of prominent technical levelsWhere the S&P 500 is leaning against the 2023 bullish trend channel support, the Dollar stands ready to cater to its safe haven status with staging like EURUSD’s balance on 1.0650 Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast We are approaching the weekend and there is the added anticipation surrounding…

© Reuters. FILE PHOTO: Batteries to Ford all-electric F-150 Lightning truck prototypes are seen at the Rouge Electric Vehicle Center in Dearborn, Michigan, U.S. September 16, 2021. REUTERS/Rebecca Cook By David Shepardson WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said it is holding discussions with Ford Motor (NYSE:) after the automaker halted F-150 Lightning production and deliveries following a battery fire. The U.S. automaker said the suspension of production of its F-150 electric truck will last until at least the end of next week. Ford said one EV truck caught fire on Feb. 4 during a pre-delivery quality…

EQUITY MARKET OUTLOOKS&P 500 has lacked directional conviction in recent days following the strong rally earlier in the yearThe jump in Treasury yields over the past several days is changing the calculus on Wall Street, but sentiment hasn’t yet taken a major hitThis article looks at major tech levels to watch on the S&P 500 in the near term Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Gold Prices Charge Toward Fibonacci Support as Markets Bet on Higher Fed Peak RatesThe S&P 500 has lacked conviction recently despite some wild swings on Wall Street, moving directionless over…

WTI crude oil closed at $78.49. That’s down $0.10 or -0.13%.The low price reached $78.18. The high prices at $79.76.Looking at the hourly chart, the low stall near the 200 hour moving average. Today’s low stalled ahead of the rising 200 hour moving average which is currently at $77.88.Crude oil remains above the 200 hour MA Source link

Share: Silver price stopped its fall but remains shy of reclaiming the 200-EMA. A third daily close below the 200-day EMA will cement Sllver’s price downward bias. Silver Price Analysis: Break below $21.40 would expose the $21.00 mark. Silver price attempts to recover the 200-day Exponential Moving Average (EMA) but stays shy of reclaiming the $21.94 price level, which would underpin the XAG/USD towards the psychological $22.00 mark. Nevertheless, the Silver price registers gains, and the XAG/USD is trading at $21.71 after hitting a daily low of $21.44. Once the XAG/USD extended its losses beyond the 200-day EMA,…

USDCAD, Yields, Inflation, Fed and Technical Analysis Points:The Market Perspective: USDCAD Range Between 1.3475 and 1.3275USDCAD has established a robust range between 1.3475 and 1.3275 over the past four weeks, similar to the congestion patterns of other Dollar-based majorsWhere pairs like EURUSD and USDJPY are more prone to added volatility that can generate ‘false breaks’ in markets not tuned to follow through, USDCAD may find more anchoring Recommended by John Kicklighter The Fundamentals of Range Trading Most newer traders like to go to where the volatility is expected to be. That is a natural urge as there is an inherent…

Meta launching 'broadcast chat' via Instagram Channels feature Source link

GOLD PRICE FORECASTGold prices have sold off in February, pressured by rising U.S. Treasury yields and a strengthening dollarExpectations that the Fed’s terminal rate will settle higher than initially anticipated will continue to act as a headwind for precious metalsAfter the recent pullback, XAU/USD has fallen towards a major Fibonacci support. A breakdown could activate the next leg lower Recommended by Diego Colman Get Your Free Gold Forecast Most Read: S&P 500, Nasdaq 100 Dejected after Red-Hot Retail Sales, High CPI. What Now for Stocks?After a solid rally in January, gold prices (XAU/USD) have entered a downward spiral this month,…

US 10 year yield is above the 100 day MAThe US 10 year yield is up around 2.7 basis points at 3.834%. The yield has moved up eight of the last nine trading days since bottoming on February 2 at a low of 3.326. With the yield currently at 3.834, that is a rise of over 50 basis points in a relatively short amount of time.Looking at the daily chart of the yield Yield A yield represents the earnings generated by an investment or security over a certain time period. Yields are typically displayed in percentage terms and are in…

Share: According to the Federal Reserve Bank of Atlanta’s GDPNow model, the US economy is expected to grow at an annualized rate of 2.5% in the first quarter, up slightly from 2.4% in the previous estimate. “After this morning’s housing starts report from the US Census Bureau, the nowcast of first-quarter real residential investment growth increased from -10.4 percent to -8.1 percent,” the Atlanta Fed explained in its publication. Market reaction This report doesn’t seem to be having a noticeable impact on risk mood. As of writing, the S&P 500 Index was down 0.75% on a daily basis.…