Author: FX
USD/CAD TECHNICAL FORECAST:USD/CAD begins the week on a positive note, though gains are limitedDespite subdued price action on Monday, technical signals continue to improve for the U.S. dollarThis article looks at key tech levels worth watching on USD/CAD in the coming days Recommended by Diego Colman Get Your Free USD Forecast Most Read: Gold Gains as Yields Sink, Nasdaq 100 Forges Double Top ahead of Key Tech EarningsThe U.S. dollar strengthened against the Canadian dollar on Monday, but its advance was limited in a session devoid of major catalysts, with the pair moving between small gains and losses for much…
© Reuters. FILE PHOTO: A screen displays the logo and trading information for General Electric Company on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 19, 2023. REUTERS/Brendan McDermid By Sinéad Carew, Sruthi Shankar and Ankika Biswas (Reuters) – The Nasdaq underperformed the and the Dow on Monday, pressured by high-profile megacaps as investors awaited results from companies including Microsoft while Tesla (NASDAQ:) shares fell on concerns about its spending plans. Tesla Inc slid 2% after the automaker raised its 2023 capital expenditure forecast to ramp up output, weighing down consumer discretionary stocks.…
We’ll get the latest Australian inflation update on Wednesday, which may be a big short-term influence on the Aussie this week. Check out all of the important data to consider before putting together your latest trade idea! Event in Focus: Australia Quarterly Consumer Price Index for Q1 2023 When Will it Be Released: April 26, 2023, Wednesday: 1:30 am GMT, 2:30 am London, 10:30 am Tokyo, 9:30 pm (Apr. 25) New York Expectations: Australia Consumer Price Index Y/Y: 6.8% forecast vs. 7.8% previousAustralia Consumer Price Index Q/Q: 1.2% forecast vs. 1.9% previous Relevant Data Since Last Event/Data Release: Australia Manufacturing…
#Chevron, Daily Chevron Corporation, an American multinational energy company mainly engaged in oil and gas, is scheduled to report earnings on Friday, 28 April 2023 before the market opens, along with Exxon Mobil, TC Energy Corp. and others in the energy group. Chevron’s report is for the fiscal quarter ended March 2023. Chevron currently has a market capitalisation of $320,422,106,521. Chevron has maintained its position as one of the world’s most reliable and prosperous energy brands, with a vast portfolio of assets spanning many countries, despite market uncertainty and oil price variations over the past few years. Revenue for Q4…
EURUSD moves toward the next swing level targetUPDATE: The EURUSD is keeping the buyers in control after breaking above a swing area between 1.0999 and 1.1006. The price in the early New York session did test the lower end of that swing area, but could not move much below the level before rotating back to the upside. The high price reached 1.10363. The current price trades at 1.10332. Source link
GOLD AND NASDAQ 100 OUTLOOK:Gold prices advance on Monday, supported by U.S. dollar weakness and falling Treasury yieldsMeanwhile, the Nasdaq 100 slides on cautious market sentiment ahead of key corporate earnings, with Microsoft and Alphabet releasing quarterly results on TuesdayThis article looks at key tech levels to watch in the Nasdaq 100 in the coming days Recommended by Diego Colman Get Your Free Gold Forecast Most Read: S&P 500 Week Ahead Forecast – MSFT, GOOGL, AMZN and META Earnings to Guide MarketsGold prices (XAU/USD) rose slightly at the start of the week, supported by a weaker U.S. dollar and falling…
Share: Next week, the Federal Reserve will decide on monetary policy. In line with market consensus, analysts at Wells Fargo see the FOMC raising rates by 25 basis points, on what they believe will most likely be the last rate hike in this tightening cycle. They point out that incoming data indicate that inflationary pressures remain acute. Key quotes: “We expect the FOMC to raise the target range for the fed funds rate by 25 bps on May 3, bringing it up to 5.00%-5.25% from 0.00%-0.25% only 14 months ago. We also anticipate that the Committee will continue…
Netlist (NLST) Wins $303 Million In Patent Infringement Trial Against Samsung Netlist, Inc. (NLST) today announced that it won a $303 million damages award against Samsung Electronics Co., Ltd., Samsung Semiconductor, Inc., and Samsung Electronics America, Inc. (together “Samsung”) in the United States District Court for the Eastern District of Texas. The award resulted from a jury trial that lasted six days, and involved five Netlist patents: U.S. Patent Nos. 10,949,339, 11,016,918, 11,232,054, 8,787,060, and 9,318,160. The products found to infringe these patents were all Samsung DDR4 LRDIMM, DDR5 UDIMM, SODIMM, and RDIMM, and high bandwidth memory (HBM) 2, 2E…
EUR/USD PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda Get Your Free EUR Forecast READ MORE: Markets Week Ahead: Gold, Nasdaq, US Dollar; Earnings, US PCE, Euro Area and US GDPEUR/USD FUNDAMENTAL BACKDROPEURUSD enjoyed a modest bounce following the European open today as it struggles to find acceptance above the 1.1000 handle. Overall, a relatively subdued start for markets in what is a big week packed with economic data releases.German Ifo data released this morning did indicate a marginal improvement. However, the current assessment and below average expectations will do little to remove fears of stagflation in Europe’s most industrialized…
On the daily chart below for the Dow Jones, we can see that the price keeps pulling back from the 34285 high reached before the US Retail Sales missed expectations across the board. The sellers are targeting the support at 33538 and the red long period moving average. That’s the spot where we are likely to find the buyers and the price to bounce. Last Friday, the market extended the fall as the US PMIs beat expectations and the details about inflation were not encouraging. On the 4 hour chart below, we can see that the price was trading within…