Author: FX

Is the trend still our friend on these pairs? Or are we about to see the bend at the end for either NZD/USD or EUR/GBP? Check out these support zones that are being tested: EUR/GBP 4-hour Forex Chart by TradingView Let’s start off with this classic break-and-retest setup on EUR/GBP. As you can see from the 4-hour chart above, the pair is retreating to the rising trend line that’s been holding since mid-December. This happens to be right smack in line with the 61.8% Fib, a former resistance zone, the dynamic inflection points at the moving averages, and the .8850…

© Reuters. FILE PHOTO: Stock market operator Euronext’s universal analysts work in the market services surveillance room center at the Euronext headquarters at La Defense business and financial district in Courbevoie near Paris, France, November 21, 2019. REUTERS/Ch A look at the day ahead in European and global markets from Wayne Cole. Surely the most fun story today, unless you are an Alphabet (NASDAQ:) shareholder, is Google’s new Bard AI flunking a question on the James Webb telescope. And it was an own goal given the error was in a Twitter video put out by Google itself, ouch. Alphabet’s shares…

<p>I haven't got any Federal Reserve officials scheduled to speak. Take care though because some of them pop up in media interviews with little notice. </p><p>What I do have is:</p><p>0945 GMT, which is 0445 US Eastern time:</p><ul><li>Bank of England Governor Andrew Bailey </li><li>speaks in parliament (committee testimony)</li></ul><p>1800 GMT, which is 1300 US Eastern time:</p><ul><li>Speech by ECB board Member Luis de Guindos </li><li>at the Foro Economia y Humanismo organised by Instituto Karol Wojtyla in Madrid</li></ul><p>Eyes and ears open for guidance from both. A +50bp rate hike for the European Central Bank is almost a lock at its next meeting:</p> This article…

US Dollar, USD/JPY, AUD, NZD, Fed, China, Crude Oil, Gold – Talking PointsUS Dollar resumed strengthening but softens in Asian tradeThe Fed reminded markets of their intention and equities respondedIf China’s reopening goes smoothly, will the USD be impacted? Recommended by Daniel McCarthy Forex for Beginners The US dollar is slightly weaker across the board today with more significant declines against the Aussie and the Kiwi. The dip comes after a solid rally going into the New York close. the greenback was supported by a change in perceptions of where the federal funds peak might be.Overnight saw four Fed speakers…

Share: USD/IDR bounces off intraday low during three-day downtrend. Indonesia Retail Sales grew 0.7% in December versus 1.3% prior. Cautious optimism in Asia, US Dollar retreat keep pair bears hopeful. Hawkish Fed concerns, downbeat data can challenge Rupiah buyers. USD/IDR picks up bids to extend the early-day rebound from intraday low as Indonesia reports downbeat Retail Sales figures on Thursday. Even so, the Indonesia Rupiah (IDR) pair remains weak for the third consecutive day amid broad US Dollar weakness and cautious optimism in the Asia-Pacific region. Indonesia Retail Sales grew 0.7% YoY in December, compared to 1.3% previous…

Yikes, looks like Bard AI still got glitches! Alphabet shares tanked after the chatbot demo, but could this just be a quick pullback? Here are the support levels I’m watching. Alphabet Inc (GOOG): 4-hour Alphabet Inc (GOOG) 4-hour Chart by TradingView So much for Google’s ChatGPT rival! As it turns out, the Bard AI public demo didn’t go so well, as the chatbot gave an inaccurate answer when asked “What new discoveries from the James Webb Space Telescope can I tell my 9 year old about?” In turn, this led to a sharp 7% tumble in GOOG shares after actual…

8/8 © Reuters. Rescuers work at the site of a damaged building in the aftermath of a deadly earthquake in Kahramanmaras, Turkey, February 8, 2023. REUTERS/Suhaib Salem 2/8 By Mehmet Caliskan, Huseyin Hayatsever and Ece Toksabay KAHRAMANMARAS/ANTAKYA, Turkey (Reuters) -President Tayyip Erdogan on Wednesday admitted there were problems with his government’s initial response to a devastating earthquake in southern Turkey, amid anger from those left destitute and frustrated over the slow arrival of rescue teams. Erdogan, who contests an election in May, said on a visit to the disaster zone that operations were now working normally and promised no one…

> JP Morgan says Artificial Intelligence could prove VERY deflationary (remains to be seen) Eamonn Sheridan Thursday, 09/02/2023 | 02:21 GMT-0 09/02/2023 | 02:21 GMT-0 JP Morgan snippet on AI:We are in the early stages of understanding the impacts of AI, let alone fully grasping the implications of the technology. From a business standpoint, AI could also prove VERY deflationary, not just for tech but for society (remains to be seen).You heard it here first:”Great …” ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source…

Share: EUR/GBP has scaled above 0.8880 after a recovery move as bets for further ECB policy tightening is accelerating. ECB Knot believes that Eurozone headline inflation has peaked now amid falling energy prices. The German HICP is expected to increase to a double-digit figure on an annual basis. The EUR/GBP pair has extended its rebound move from 0.8865 above the critical resistance of 0.8880 in the Asian session. The Euro bulls sensed a buying interest amid escalating hawkish bets for further interest rate decision by the European Central Bank (ECB). The detailed explanation from ECB policymaker Klaas Knot…

S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking PointsThe S&P 500 has eased as the market appears to be listening to the FedA chorus of Fed speakers all sung from the same song sheet overnightThe tightening cycle appears to have been elongated. Will the S&P 500 go lower? Recommended by Daniel McCarthy How to Trade FX with Your Stock Trading Strategy The S&P 500 took a dive overnight as more speakers from the Federal Reserve maintain the hawkish mantra. The Dow Jones, Nasdaq, Russell 2000 and S&P 500 saw declines in their cash session of -0.61%…