Author: FX

The end of the first trading month is as good a time as any to pay close attention to your forex trading resolutions. Were you able to stick to them? If you weren’t, don’t fret. It’s all part of the process of change after all. What most people tend to overlook in goal setting is that there is a process to making changes; most goals aren’t achieved overnight. It is a period when you try to replace patterns of behavior that are already embedded in your daily habits with positive new ones. Making a change is never smooth, so there will…

CNA Financial raises dividend by 5% to $0.42 dividend; announces special dividend of $1.20 Source link

Are risk-off flows picking up today? If so, here’s a channel-within-a-channel bearish setup on AUD/JPY that you should see. Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Australia’s MI inflation gauge picked up from 0.2% to 0.9% m/m in Jan Australian retail sales down by 3.9% y/y in Jan as expected BOJ Gov Kuroda: Will seek to hit 2% inflation…

<ul><li>Domestic sight deposits CHF 509.7 bn vs CHF 511.6 bn prior</li></ul><p style="" class="text-align-justify">Little change to overall sight deposits in the past week but the SNB is still very much in the process of streamlining its policies after the surprise pivot last year.</p> This article was written by Justin Low at www.forexlive.com. Source link

A blockbuster NFP on Friday (571k new jobs vs 185k) & strong Services PMI (55.2 vs 50.5) has lifted the Dollar and Yields, sinking Stocks and Gold (the 3 mth Gold rally is over). YEN is weakest this morning with key “Dove” Amamiya (current deputy) a possible to take the reins at BOJ after Kuroda. The JPY is weakest & AUD strongest. USDTRY hit 18.85 following the fatal Earthquake. The USD Index continued to rally from 8-mth lows on Thursday at 100.65 to breach 103.00 today – Markets expecting a continued Hawkish tones from FedSpeak…

USD/INR remained well supported last week, aided by the firmer Dollar last Friday. The Reserve Bank of India (RBI) could provide some support to the Rupee is signals more rate hikes at this week’s meeting, economists at Commerzbank report. RBI set to hike further “The latest S&P Global services PMI for January for India remained strong at 57.2. The report noted new businesses during January which is helping to offset the slowdown in external demand. The other side of the coin however is that cost pressures remain firm. This is consistent with sticky core inflation, excluding food and energy. As…

SSB Bancorp GAAP EPS of $0.62, revenue of $8.47M Source link

4/4 © Reuters. Beyonce accepts the award for Best Dance/Electronic Music Album for “Renaissance” during the 65th Annual Grammy Awards in Los Angeles, California, U.S., February 5, 2023. REUTERS/Mario Anzuoni 2/4 By Lisa Richwine and Danielle Broadway LOS ANGELES (Reuters) -Pop superstar Beyonce broke the record for most career wins at music’s Grammy awards on Sunday but lost again in the prestigious album of the year category, this time to British singer Harry Styles. Beyonce added four Grammys to her collection, bringing her lifetime total to 32 and surpassing the tally of late classical conductor Georg Solti. She was nominated…

There were some big moves on Friday and plenty of volatility after the US non-farm payrolls came in with a strong beat. The dollar rallied as bonds were routed, while equities had a choppy one with the S&P 500 falling by over 1% before paring that drop only to slide back and close the day 1% lower.It was quite a hectic end to the week, needless to say. Things are looking calmer today though, with the dollar keeping on steadier footing. The yen is the early mover as noted here while bond yields are also just a touch higher on…

WTI picks up bids to snap three-day downtrend at monthly low. Bearish MACD signals, previous support line challenge buyers. Upside appears doubtful below 100-DMA, descending trend line from August also challenges the Oil buyers. Seven-week-old horizontal support limits immediate downside ahead of 2023 bottom. WTI crude oil licks its wounds near the one-month low, picking up bids to $73.70 during early Monday morning in Europe. In doing so, the black gold bounces off seven-week-old horizontal support to print the first daily gains in four. However, the bearish MACD signals join the previous support line from early December 2022 to challenge…