Author: FX
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
Share: AUD/USD unmoved by Australia’s projected A$4.2 billion surplus for 2022/2023. US Treasury Secretary Janet Yellen warns of “tremendously adverse effects” if the government runs out of cash by June 1. Upcoming US CPI data may impact AUD/USD; further evidence of high inflation could lead to more losses in the pair. AUD/USD reverses its Monday course after testing crucial technical indicators alongside the release of the Australian budget, which AUD/USD buyers ignored despite foreseeing a surplus. Contrarily worries about raising or suspending the US debt ceiling took center stage ahead of April’s US Consumer Price Index (CPI) report.…
DAX (Germany 40) AnalysisECB’s bank lending survey reveals signs of concern in the credit marketDAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to comeThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Find out what our analysts foresee in Q2 ECB’s Bank Lending Survey Reveals Signs of Concern in the Credit MarketAhead of the ECB’s interest rate decision last week, updated credit data revealed not only a reduction…
BlackRock MuniYield declares $0.0365 dividend Source link
The major US stock indices are opening lower with the NASDAQ index leading the way at -0.5%.A snapshot of the market currently shows:Dow industrial average -105.38 points or -0.31% at 33513.32S&P index -19.20 points or -0.46% at 4118.93NASDAQ index -58.87 points or -0.48% at 12198.05Yesterday, the Dow industrial average fell modestly while the S&P was near unchanged and the NASDAQ index rose modestly.The regional bank ETF (KRE) is trading down -1.14%. Pacific West is trading down -8.04% in early trading and Western Alliance Bancorp is trading down -6.84%.PayPal shares are down -9.67% after their earnings and guidance disappointed. Skyworks Solutions…
Share: EUR/USD remains on the defensive so far this week. There is a tough resistance area near the 1.1100 mark. EUR/USD faces increased selling pressure and breaks below the key support at 1.1000 the figure on Tuesday. The inability of the pair to challenge/surpass the so far 2023 high at 1.1095 (April 26) carries the potential to spark a deeper corrective decline in the short-term horizon with the immediate targets at the monthly low at 1.0941 (may 2) and the weekly low at 1.0909 (April 17). Looking at the longer run, the constructive view remains unchanged while above…
Hexagon Purus ASA reports Q1 results Source link
Gold Price Analysis, Prices, and ChartsUS rate expectations still suggest 75bps of cuts this year.Gold holds support and pushes higher. Recommended by Nick Cawley Get Your Free Gold Forecast Last week’s US Jobs Report showed the US unemployment rate falling to 3.4%, matching a five-decade low, while workers’ wages grew further, underlying the strength of the US labor market. Friday’s NFP report gave the US dollar a short-term nudge higher as traders reassessed their US interest rate predictions, but this move subsequently reversed as traders went back to pricing in a series of rate cuts for this year and next.…
© Reuters. FILE PHOTO: Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect of price cuts and incentives faded. Car sales in April totalled 1.65 million units, 54.5% higher from a year earlier when COVID-19 lockdowns disrupted productions and sales, the China Passenger Car Association (CPCA) said on Tuesday. In the first four months of 2023, vehicle sales were down 1.4%…
The U.S. dollar index is testing the top of a short-term range ahead of the U.S. CPI release! Will the Greenback stick to its range? Or will we see a breakout today? Before moving on, ICYMI, yesterday’s watchlist checked out AUD/JPY’s short-term resistance levels after a risk-friendly trading day. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Fed’s quarterly Senior Loan Officer Opinion survey noted the respondents’ expectations of tighter credit conditions, lower customer demand, and a…