Author: FX
Gold, XAU/USD, Fed, Rate Cuts, Regional Bank Woes – Briefing:Gold prices aim slightly higher, though erase most gainsMarkets focused on Fed easing and regional bank woesXAU/USD faces negative RSI divergence, Shooting Star Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Risk Appetite Deteriorates After the FedGold prices aimed cautiously higher over the past 24 hours in what was a relatively volatile intraday trading session. XAU/USD briefly touched its highest in over a year in the immediate aftermath of Wednesday’s Federal Reserve monetary policy announcement. But, since then, prices came down. Instead of capturing a gain of almost 2%, gold…
Ligand Pharma up 5% after hours on 2023 guidance boosts Source link
EUR/USD: 1.1100 amount of EUR2.88bn 1.1000 amount of EUR1.67bn 1.0900 amount of EUR1.58bnUSD/JPY: 133.50 amount of USD1.38bnAUD/USD: 0.6630 amount of AUD755.1mn 0.6600 amount of AUD736mnUSD/CAD: 1.3695 amount of USD1.87bn 1.3685 amount of USD1.76bn 1.3525 amount of USD515.5mnFor more information on how to use this data, you may refer to this post here. Source link
APPLE EARNINGS REPORT KEY POINTS:Apple’s earnings surprise to the upside, beating on both EPS and revenue expectationsShares of the tech company rally in extended trading following second-quarter resultsNasdaq 100 futures retrace regular-session losses Recommended by Diego Colman Get Your Free Equities Forecast Most Read: USD/JPY Loses Altitude and Sinks to Support, AUD/USD Defies Ironclad ResistanceApple shares gained as much as 3% in extended trading after the tech giant reported better-than-expected quarterly results, sending Nasdaq 100 futures slightly higher following a subdued performance during the regular trading session.According to the iPhone maker’s financial disclosure for its fiscal second quarter, earnings per…
Share: GBP/USD was trading in a narrower range of around 50 pips on Thursday having hit an 11-month high the prior day after the Federal Reserve raised rates but signaled an end to its tightening cycle is in sight. The technicals are left bullish, however, while on the front side of the weekly dynamic support line as the following will illustrate: Read More… The Pound Sterling (GBP) recovers year-to-date highs just short of 1.2600 against the US Dollar (USD) after hawkish comments from the President of the European Central Bank (ECB) Christine Lagarde on Thursday. After an initially bearish reaction to the ECB policy announcement the…
Kelt Exploration GAAP EPS of C$0.08, revenue of C$139.57M Source link
Recommended by Diego Colman Get Your Free JPY Forecast USD/JPY TECHNICAL ANALYSISUSD/JPY posted heavy losses on Thursday, down about 0.5% in afternoon trading, one day after the Federal Reserve flagged a possible rate hike pause following 500 basis points of cumulative tightening since March 2022. Risk aversion also appeared to benefit the Japanese yen, with the U.S. equity market underwater, dragged lower by banking sector woes and fears that more regional banks will bite the dust soon.In terms of technical analysis, USD/JPY has pulled back significantly after a failed attempt to recapture its 2023 highs established in March. As the…
Treasuries are mostly underperforming Europe where rates have also climbed on the ECB’s hike and as President Lagarde stressed the Bank is not pausing. US equity futures are in the red with the US30, US500 and US100 close to yesterday’s lows. Shares of PacWest Bancorp are trading down -$2.67 or -41.59%. The USDIndex has risen to 101.37 thanks to the data, from 100.74, having slumped yesterday on the FOMC. EURUSD is holding above the 1.10 mark and overall the reaction has been pretty mixed so far. ECB slows the pace with 25 bp hike. The as expected decision brings the main refinancing rate to 3.75%, and the deposit rate to 3.25%. The initial…
The major US bank in the US are opening lower led by regional bank declines. The KRE ETF is trading down $1.22 or -3.17%. Shares of PacWest Bancorp are trading down $-2.67 or -41.59%. Shares are halted for volatility Volatility In terms of trading, volatility refers to the amount of change in the rate of an index or asset, such as forex, commodities, stocks, over a given time period. Trading volatility can be a means of describing an instrument’s fluctuation. For example, a highly volatile stock equates to large fluctuations in price, whereas a low volatile stock equates to tepid…
Share: EUR/GBP drifts lower for the second straight day and retreats further from the weekly top. The ECB’s 25 bps rate hike fails to impress the Euro bulls or lend any support to the cross. Investors now look to ECB President Lagarde’s comments for some meaningful impetus. The EUR/GBP cross extends the overnight retracement slide from the 0.8835 region, or the weekly low and remains under some selling pressure for the second successive day on Thursday. The cross remains on the defensive below the 0.8800 mark through the mid-European session and moves little after the European Central Bank…