Author: FX
Share: EUR/USD extends the leg lower and retests the mid-1.0900s. The weekly low near 1.0910 awaits in case losses pick up pace. EUR/USD loses the grip and drops to multi-session lows near 1.0950 on turnaround Tuesday. The continuation of the corrective retracement should not be ruled out in the very near term. That said, the next support of note emerges at the weekly low at 1.0909 (April 17) ahead of another weekly low at 1.0831 (April 10). Looking at the longer run, the constructive view remains unchanged while above the 200-day SMA, today at 1.0420. EUR/USD daily chart…
RETO Eco-Solutions reports FY results Source link
EURO AREA CORE INFLATION FLASH KEY POINTS:Euro Area Core Inflation Retreats as YoY Print Accelerates, EUR/USD Lower Recommended by Zain Vawda Get Your Free EUR Forecast The core inflation rate in the Euro Area retreated slightly in April coming in at 5.6% in April down from last month’s print of 5.7%. The core CPI which excludes prices of energy, food, alcohol and tobacco went down 0.1% following a rise which started in June 2022 when core CPI rested at 3.7%. The core number remains uncomfortably high and despite signs of a slowdown in consumer spending and tightening conditions inflation remains…
May kicked off with another bank failure, the fourth in two months, as First Republic Bank (FRC) was seized by the FDIC, after which the assets were purchased by JPMorgan Chase. FRC became the second largest bank in US history to go under, ignominiously taking over that mantle from SVB. Morgan Stanley plans to cut 3,000 jobs due to a dealmaking slowdown by the end of June. RBA hiked its cash rate by 25 bps to 3.850%, surprising many forecasters expecting a third straight pause. Treasury yields closed sharply higher on inflation data and a…
EUR/USD- 1.0960 (€1.2bn)- 1.0975 (€680m)- 1.0990-00 (€1.5bn)- 1.1050 (€500m)GBP/USD- 1.2300 (£375m)- 1.2610 (£356m)USD/CAD- 1.3750 ($412m)AUD/USD- 0.6625 (A$402m)- 0.6700-15 (A$1.4bn)There are a couple of significant ones for the day, as highlighted in bold.The first being for EUR/USD near the 1.1000 mark, which could keep price action more trapped around current levels. That said, just be wary of the Eurozone CPI data to come later as that could see ECB pricing shift around a little and have an impact on the euro as well.Besides that, there is one for AUD/USD at 0.6700-15 which is where price action is residing at the moment…
Bitcoin (BTC/USD) just can’t bust through the $30,000 resistance! Will it mean a longer-term reversal for the OG crypto? Let’s take a look at the daily time frame: Bitcoin (BTC/USD) Daily Chart by TradingView As you can see, BTC/USD has been knocking on the $30,000 major psychological area since mid-March when the pair bounced from its $20,000 support. But the force is stronger on $30,000’s selling side and now BTC/USD is forming a possible Head and Shoulders pattern on the daily time frame. Will continued rejection at $30,000 lead to a longer-term downswing? I’m keeping my eye on the $27,300…
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naumoid/iStock via Getty Images Masimo (NASDAQ:MASI) fell 5.3% in after hours trading after a judge declared a mistrial in trade secrets trial against Apple (NASDAQ:AAPL) over the Apple Watch. U.S. District Judge James Selna declared a mistrial late Monday after a jury failed to reached a unanimous decision. The jury told the judge that six of the seven jury members planned to vote in favor of Apple (AAPL) at the Santa Ana, California federal court, according to court observers. Masimo (MASI) alleged in its suit against Apple (AAPL) that the iPhone maker improperly used trade secrets for a blood-oxygen monitoring…
2/2 © Reuters. Brittney Griner and Cherelle Griner pose at the Met Gala, an annual fundraising gala held for the benefit of the Metropolitan Museum of Art’s Costume Institute with this year’s theme “Karl Lagerfeld: A Line of Beauty”, in New York City, New York, U.S., Ma 2/2 By Ben Kellerman and Doyinsola Oladipo NEW YORK (Reuters) – American basketball star Brittney Griner stepped onto the red carpet at the star-studded Met Gala on Monday, embracing a larger spotlight months after returning home from detention in a Russian penal colony. The twice Olympic champion has pledged to advocate for the…
Share: GBP/USD bulls are moving in from key support. Bears could be lurking around a 50% mean reversion. GBP/USD is correcting into a potential resistance area, something that was eyed at the start of the week in the following analysis: GBP/USD Price Analysis: Bulls about to make another move? 1.2450 is key GBP/USD H4 charts, prior analysis While the above is a theoretical schematic, it identified the key areas of support and resistances in the 4-hour time frame. The micro trendline was under pressure but it was stated that ´´so long as the broader trendline remains intact, meeting 1.2450, or thereabouts, then…