Author: FX
Can you believe it’s the last trading day of the week? End the week on a strong note by taking advantage of Bitcoin (BTC/USD) and GBP/USD pulling back from their established trends. Get ’em while they’re near key inflection points! Bitcoin (BTC/USD) 4-hour Chart Hollah if you’re a crypto tradah! BTC/USD spiked up to 18,400 earlier this week but there were enough bears to drag the OG crypto back to the 17,400 zone. BTC is now consolidating at 17,400 which is close to the 4-hour chart’s 100 SMA and ascending channel support. Stochastic is also pointing to further gains as…
Pardee Resources Company declares $20.00 special dividend Source link
USD/JPY continued its gyrations here today, dipping after its strong Thursday gain toward 137.00. GBP, AUD, NZD, CAD all showed some strength against the USD after its huge surge on Thursday. EUR/USD was off its Thursday lows during the session here also. There was no specific fresh FX news to drive the moves.Preliminary PMIs from Australia and Japan released today were generally poor. Australian manufacturing and services PMIs both fell, services further into contraction, as did Japan’s manufacturing index. Japan’s non-manufacturing PMI rose, helped along by the reopening of tourism more widely. The results provide a warning for the flash…
AUS/USD has advanced to near 0.6735 after recovery as the risk-on profile is regaining traction. What dampened the market mood post-Fed Powell’s speech was the lack of confidence that inflation will soft further. A decline in Australian one-year consumer inflation expectations might delight the RBA. The AUD/USD pair has stretched its recovery to near 0.6735 in the Asian session as the risk-off impulse has eased. The Aussie asset rebounded after printing a fresh six-day low at 0.6680. On Thursday, the strength in the US Dollar snapped a five-day rally as investors turned extremely cautious on hawkish guidance by the Federal…
© Reuters. FILE PHOTO: A truck winds its way out of the Canadian First Quantum Frontier mine in Fungurume, in southern Democratic Republic of Congo May 25, 2010. REUTERS/Katrina Manson/File Photo By Elida Moreno and Kylie Madry PANAMA CITY (Reuters) -Panama’s government ordered Canada’s First Quantum Minerals (OTC:) on Thursday to pause operations at its flagship mine in the country after missing a deadline to finalize a deal that would have increased payments to the government from the mine. The government had given Minera Panama, which is majority-owned by First Quantum (NASDAQ:) Minerals, until Wednesday to sign an agreement reached…
Boarding1Now/iStock Editorial via Getty Images The International Association of Machinists and Aerospace Workers (IAM) said its members “overwhelmingly ratified” a new agreement with Southwest Airlines (NYSE:LUV) on Thursday. The union, which represents over 8,300 workers mainly in customer service, said the new five-year contract gives its members a 13.1% wage increase as of Thursday and a 25.1% general wage increase over the ensuing four years. The deal also includes a “me too” clause to guarantee industry-leading wages as well as higher bonuses. “IAM members at Southwest Airlines stood together in solidarity to get the best deal in the airline industry,”…
The House have already voted to approve.Senate voting now on a temporary government funding bill through December 23. This would avert a weekend government shutdown. Would give negotiators time to craft an omnibus spending bill before next week’s deadline that’d fund the government through September 30, 2023. Needs 60 yeas to pass.more to come ADVERTISEMENT – CONTINUE READING BELOW Source link
EUR/USD picks up bids to refresh intraday high, reverses pullback from six-month top. ECB-inspired rally battles with the US Dollar’s safe-haven demand. Sluggish markets allow traders to pare recent moves ahead of preliminary PMIs for December. EUR/USD prints mild gains around 1.0640 as it refreshes the intraday high during early Friday. In doing so, the major currency pair consolidates the biggest daily fall in three weeks while reversing the previous day’s pullback from the highest levels in six months ahead of the key activity data from Europe and the US. European Central Bank’s (ECB) hawkish hike of 0.50% propelled the…
Gold, XAU/USD, Dow Jones, ECB, Rising Wedge – Asia Pacific Market OpenGold and Dow Jones sink after slew of central banks in EuropeMost notable was the ECB, which surprised on the hawkish sideXAU/USD breaks under Rising Wedge, hinting at reversal risk Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – Gold, Dow Jones Sink as Central Banks in Europe HikeGold prices sank 1.7 percent on Thursday, marking the worst single-day performance in 3 months. The anti-fiat yellow metal was pressured during a busy 24 hours of central bank interest rate decisions throughout the European trading session. These…
California utility regulators on Thursday unanimously approved a plan that lowers how much utilities pay households that install new rooftop solar panels and send energy back to the grid. The policy, which the California Public Utilities Commission proposed last month, changes what’s known as “net metering” to offer fewer credits to solar owners for surplus power in comparison with what utilities would pay for other sources of clean energy. The plan also offers credits to solar systems that are attached to battery storage, giving homes a reserve of excess power when demand is low during the day. The battery would…