Author: FX
Park-Ohio declares $0.125 dividend Source link
Share: Japan’s Consumer Price Index (CPI) for June reports a YoY increase of 3.3%, slightly above the previous 3.2% figure, but falls short of the anticipated 3.5%. Reuters report on BoJ’s monetary stance causes USD/JPY to break away from the 140.00 range seen through most of the Asian session. The USD/JPY uptrend could continue based on interest rate differentials, but next week’s Fed and BoJ decisions are eyed. USD/JPY rallied back above the 141.00 figure after rumors the Bank of Japan (BoJ) would not change its Yield Curve Control (YCC) emerged, spurring an upward reaction in the USD/JPY…
Share: Mullen stock falls sharply at end of week. Volume is tapering off for MULN over past 10 sessions. Mullen to hold event in Mississippi for first production of Mullen Three. Bollinger Motors is also releasing its B4 cab chassis. Mullen Automotive (MULN) stock is selling off by 6% on Friday, despite a generally advancing market. The NASDAQ, S&P 500 and Dow Jones are all up between 0.2% and 0.3% starting the final session of the week. MULN is set to render its least volatile week in three months if Friday is a low-volume, consolidating session. MULN stock has dropped…
© Reuters. FILE PHOTO: EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Foo Yun Chee BRUSSELS (Reuters) – Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook (NASDAQ:) owner Meta Platforms, the Naspers unit said on Friday. The European Commission has accused Meta of gaining an unfair advantage by tying its classified advertisements service Marketplace with its social network Facebook and imposing unfair trading conditions on rival online classified ads services. Meta, which contested the charges at a closed hearing held by the EU competition…
Gold (XAU/USD), Silver (XAG/USD) AnalysisGold heads lower as US yields and the dollar recover lost groundXAU/USD pullback tests crucial level of confluence supportSilver tests well-defined support level as the week comes to a closeThe 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 See what our analysts foresee in Q3 for gold Gold Heads Lower as US Yields and the US Dollar Recover Lost GroundGold has turned lower, with the recent lift in the dollar and US yields weighing on the non-interest-bearing…
The advance reading was +0.5%Prior was +1.1% (revised to +1.0%)Ex autos 0.0% vs +0.3% expected (prior was +1.3%, revised to +1.2%)June advance reading 0.0%Year-over-year sales +0.5% vs +1.4% priorComing into this report, core sales had risen for five consecutive months so a flat reading isn’t a big red flag but higher interest rates are undoubtedly starting to bite.Looking through the breakdown of the year-over-year changes, rather than month over month, there’s a 6.9% rise in spending at supermarkets while there have been drops in furniture and building materials. That hints at how the squeeze on consumers has shifted spending towards…
A common mistake that traders make is trying to take on too many positions at once. They believe that a higher number of positions will translate into higher profit. “If I open positions in multiple pairs, one of them will win big.” Too bad this type of thinking usually leads them to lose big instead. Sure, it’s tempting to jump on ALL the bandwagon and hit all the meme stocks when your friends, trading heroes, and online trading groups talk about the same 15 assets. But if you want to maximize your opportunities and skills, you might want to think…
EUR/USD Forecast – Prices, Charts, and AnalysisEUR/USD slides back towards 1.1100.Fed blackout period ahead of next week’s FOMC meeting. Recommended by Nick Cawley Download our Brand New Q3 Euro Guide The US dollar has perked up this week and currently trades around 150 pips higher than this week’s 99.50 low print. Recent US economic data has been marginally better than expected, while the US dollar index has been boosted by a bout of weakness in a range of basket currencies. With no Federal Reserve speakers scheduled until after next Wednesday’s FOMC policy decision, the US dollar may consolidate this week’s…
Share: EUR/USD slips off earlier high to retest support in low 1.11s. Economists at Scotiabank analyze the pair’s outlook. Underlying trend signals remain bullish on the daily and weekly oscillators The EUR’s short-term technical undertone remains soft after losses picked up yesterday but Thursday’s low is holding the base of the range, at least for now, and underlying trend signals remain bullish on the daily and weekly oscillators. Scope for EUR losses to extend much more should be limited. We spot retracement support (38.2% of the July rally) at 1.1110. Resistance (minor bull trigger) is 1.1155. Source…
AUD remains on the backfoot against the USD as markets prepare for the FOMC announcement next week, while technical analysis suggests further downside to come. Source link