Author: FX
We’ve all gotten our hearts broken at some point. And no, I’m not just talking about getting dumped by your high school sweetheart. The forex market also has its own way of making you cry yourself to sleep, leaving you broken and feeling helpless. Sure, you might say that you’ve stopped binging on chocolates and that you’re already over it. But have you found yourself not pulling the trigger on a setup because it reminded you of a supposed “Trade of the Year” that didn’t go your way? Have you recently experienced a big loss or a series of forex…
EUR/JPY navigates within a narrow range in the mid-140.00s following Tuesday’s sharp sell-off. While the cross is expected to maintain the side-lined Source link
Gold (XAU/USD) PRICE, CHARTS and ANALYSIS: Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Dow Bulls Have Another Chance, Dollar Needs a New Foothold to Keep ClimbingGold (XAU/USD) FUNDAMENTAL BACKDROPGold continued its push higher ahead of the European open this morning before stalling, helped largely by a weaker dollar index and improving sentiment. The precious metals rally could also be attributed to updated growth forecasts for China by Fitch Ratings. Fitch Ratings now sees economic growth peaking at 5% up from 4.1% for 2023, reflecting a quicker recovery in consumption and activity.The dollar index has lost momentum…
Costamare Non-GAAP EPS of $0.61 misses by $0.04, revenue of $265.43M beats by $13.16M Source link
The Dollar rolls into midweek flexing its muscles against its peers on the back of upbeat US Jobs data. Dollar Midway through the week and the Dollar finds itself nearing a one-month high. Factors driving this renewed buying interest can be attributed to firmer US employment data, as well as president Biden and Treasury secretary Yellen pushing back firmly on recession fears and backing the Fed’s hawkish stance on monetary policy ahead of their next move. That being said, the three day rally took a breather as investors digested Powell’s speech yesterday at the Economic Club of Washington where he…
Share: EUR/USD rebounds from monthly lows near 1.0670. The dollar gives away further ground after Powell’s comments. Retail Sales in Italy surprised to the upside in December. Following fresh lows in the vicinity of 1.0670 on Tuesday, EUR/USD manages to regain some balance and advance north of 1.0700 the figure on Wednesday. EUR/USD: Next target comes at 1.0800 EUR/USD trades with decent gains and reclaims the 1.0750 region on the back of the renewed selling pressure surrounding the greenback midweek. Extra wings to the upside bias in the pair also comes from increasing investors’ appetite for the risk-associated…
After taking the fintech industry by storm with its thought-provoking technology, Finvasia Group makes strides into an industry led by big names.On 12th January 2023, the global fintech industry leader Finvasia Group obtained its Investment Banking Licence from the Financial Services Commission of Mauritius (FSC). Regarded as one of the prominent regulators for the non-bank financial services sector and global business, the FSC oversees the activity of operators in the financial services sector, including Provident Funds, Superannuation Funds, Virtual Asset Service Providers, and other Investment Service Providers.Sarvjeet Virk, Finvasia Group Co-founder and CMD said: “Obtaining the FSC Investment Banking Licence…
GER40,D1 GER40, Daily Despite the strong rebound in German factory orders, with a 3.2% gain in December, investors remain concerned about escalating Sino-US geopolitical tensions and the outlook for the global economy. Strong US jobs data increased speculation that the Federal Reserve may keep raising interest rates further to control inflation. United States Federal Reserve Chair Jerome Powell said on Tuesday that the central bank could be forced to tighten monetary policy if the labor market remains strong and reports high inflation. Nevertheless, the Fed expects “significant progress” on the inflation issue this year. Powell reiterated that the Fed will…
Trading Leveraged Products is risky Chair Powell’s comments – cancelled each other out – talked more “disinflation” with “significant declines in inflation.” in 2023 but the surprise 517k NFP he could not explain – adding to the 5-5.25% range argument. Fed Fund futures are now pricing the terminal rate at 5.15% in July. (up from 4.9% ahead of NFP). So “As we were.” USD slipped and then reversed, Stocks (NASDAQ +1.90%) & Yields (US10yr 3.6745) closed higher. Biden’s SOU speech has high ambitions but has little chance of success with a divided Congress. The USD Index continued to rally from…
Heads up, oil bulls! It looks like Brent crude oil is picking up on upside momentum once more. How high can it go? Brent Crude Oil (UKOIL) 4-hour Chart by TradingView Brent crude oil is still cruising inside its ascending channel that’s been holding since mid-December last year. The commodity price found buyers at the bottom of the channel once again and is now closing in on the mid-channel area of interest. Can it keep up its climb from here? Moving averages are suggesting so, as the 100 SMA is still above the 200 SMA to confirm that the path…