Author: FX
2/2 © Reuters. FILE PHOTO: The Toyota logo is seen at its booth during a media day for the Auto Shanghai show in Shanghai, China, April 19, 2021. REUTERS/Aly Song/File Photo 2/2 TOKYO (Reuters) – Toyota Motor (NYSE:) Corp on Wednesday posted a 35% jump in fourth-quarter operating profit to 626.9 billion yen ($4.64 billion), with results boosted by the yen’s weakness and efforts to improve its profit structure. ($1 = 135.0500 yen) Source link
EUR/USD is in a textbook range pattern! Will the range hold for another day? Or will we see a breakout in the next trading sessions? EUR/USD 1-hour Forex Chart by TV If you squish your 1-hour charts a bit, you’ll know that EUR/USD has come a long way from its 1.0530 lows in March. But the pair has paused its uptrend and now it’s trading between the 1.0940 support and 1.1075 resistance zones. What makes the pair interesting today is that it has just bounced from the range support and it looks like it’s on its way to the 1.1000…
US Dollar, DXY Index, USD, US CPI, Fed, China, Crude Oil, Gold – Talking PointsThe US Dollar took a step back today with all eyes on US CPI laterEquity markets are also a touch fragile and are poised ahead of the dataIf the inflation outcome is outside expectations, will the DXY Index break out? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter The US dollar drifted lower on Wednesday ahead of crucial US CPI data that may provide the impetus for the market to reposition exposure.…
Thinking of staying away from the U.S. dollar today? How about a short-term opportunity ahead of Bank of England’s (BOE) policy decision? This week’s catalysts could offer a better chance to enter GBP/AUD’s longer-term trend! GBP/AUD 1-Hour Forex Charts by TV As you can see, GBP/AUD has been trading inside an observable ascending channel since mid-March. Heck, the pair has been in an uptrend since early February when it found support from the 1.7300 handle! One possible reason is that the U.K.’s record-breaking inflation rates will mean more work for the BOE compared to its peers. On the other hand,…
This is an encouraging sign for the global economy. From the report:The start of the second quarter saw a further acceleration in the rate of global economic expansion. Growth of output and new orders hit their highest levels since December 2021 and March 2022 respectively, as job creation and business optimism also strengthened. The upturn in output was again heavily skewed towards the service sector, as conditions remained sluggish in manufacturing. The J.P.Morgan Global Composite Output Index – produced by J.P.Morgan and S&P Global in association with ISM and IFPSM – rose to 54.2 in April, up from 53.4 in…
Share: USD/CAD has sensed selling pressure after a recovery move to near 1.3400 as oil prices eye more upside. US President Joe Biden is interested in a separate discussion for the budget. If US inflation remains persistent, the Fed would start preparing for hiking interest rates further. The USD/CAD pair has sensed selling pressures after a rebound to near the round-level resistance of 1.3400 in the Asian session. The Loonie asset has faced selling interest as the US Dollar Index (DXY) has extended its correction further to 101.55 after US debt ceiling negotiations failed a decisive outcome. S&P500…
Scott Barbour/Getty Images News Shell’s (NYSE:SHEL) Deer Park, Texas, chemical plant that caught fire on Friday and burned off and on for four days had a record of 1,946 environmental violations over the past decade, the Environmental Integrity Project reported Tuesday. Of these violations, 95 are still considered “active,” meaning the company has not yet resolved the problem, according to the report, which cites data from the Texas Commission on Environmental Quality. The Deer Park plant has been hit with more than $1.6M in fines by environmental regulators since January 2012 from 37 enforcement orders, including for the release of…
Crude Oil, US CPI, Retail Trader Positioning, Technical Analysis – IGCS Commodities UpdateCrude oil prices are on a 4-day winning streak, up over 8%US eyeing replenishing SPR, eyes on inflation data aheadRetail traders are also turning increasingly bearish WTI Recommended by Daniel Dubrovsky Get Your Free Oil Forecast WTI crude oil prices gained for a fourth consecutive day, matching the longest winning streak since the beginning of April. Adding an extra 24 hours to this victory streak would mean the longest since early March. Since finding a recent bottom earlier this month, crude oil is up about around 8 percent.The…
It’s no secret that bear markets are challenging. A quick scan of top projects of any past market cycle will unveil how many once-promising projects have faded into oblivion. While these cycles are often discouraging, many fail to realize that with every market downturn comes the opportunity for innovation toward a stronger future for Web3. Just look at and OpenSea’s success to see how real the potential is for “building in a bear market” to spark new bullish cycles. So, as we navigate the market climate, which is showing glimmers of hope for an upward trajectory, what innovations do we…
No doubt we’ll be getting statements from the various participants when this concludes. All of ’em are politicians so I don’t expect much substance, but we’ll see. There will probably be a lot of this to come from all parties: This article was written by Eamonn Sheridan at www.forexlive.com. Source link