Author: FX
Share: Chinese regulators are rumored to soon announce a $1.1 billion fine on Ant Group. The fine would allow Ant to apply for a financial license and eventually reapply for an IPO. BABA stock has advanced 6.6% in Friday’s first hour. Alibaba owns 32.65% of Ant Group, owner of Alipay. Alibaba (BABA) stock has climbed 6.6% on Friday after news emerged in the Asian session that Chinese regulators are close to handing affiliate Ant Group a large fine that will allow it to move on from an era of scrutiny and once again attempt to go public. BABA stock has…
AUDUSD tests 100/200 day MAsThe AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when the AUD/USD is trading at 0.7500, it means 1 Australian dollar is equivalent to 0.75 US dollars. The Australian dollar (AUD) is the world’s fifth most traded currency, whilst the US Dollar The AUD/USD is the currency pair encompassing the Australian…
Share: USD/CHF plunges to a two-month low of 0.8889, down 0.72%, due to weaker-than-expected US labor data and a weakened US Dollar. The pair breaches a two-month support trendline, extending losses below 0.8900. The next target is the year-to-date low of 0.8819, pending a breakthrough of the 0.8850 psychological level. If buyers reclaim 0.8900, initial resistance lies at 0.8950, followed by the 20-day EMA at 0.8967 and the 50-day EMA at 0.8997. USD/CHF dives into a new two-month-old on Friday after labor data from the United States (US) was softer than expected, weakening the US Dollar (USD). Earlier,…
Share: Canadian Dollar claws back losses suffered overnight after underwhelming NFP data bursts Thursday’s optimism. CAD finds a friend in rising Crude Oil prices and after data shows a fall in stockpiles. USD/CAD trend is now bullish both on shorter and longer time frames after decisive breach of key 1.3270 lower highs. Canadian Dollar (CAD) reverses its overnight losses against the US Dollar (USD), after US Nonfarm Payrolls data misses expectations whilst Canadian employment data mostly beats forecasts. The CAD is further supported by Oil – Canada’s premier export – which finds traction on falling US stockpiles. USD/CAD is trading in the 1.32s on…
Share: The US dollar weakens across the board after the US official jobs report. EUR/USD gains momentum after breaking above 1.0930. The pair is heading for its highest weekly close since May. The EUR/USD pair gained momentum amid a weaker US Dollar following the release of US employment data. After breaking above 1.0930, the Euro accelerated and climbed to the 1.0960 area, reaching the highest level in a week. US Dollar down after NFP Nonfarm Payrolls (NFP) in the US rose by 209,000 in June, below the market expectation of 225,000. May’s increase of 339,000 was revised lower…
Biggest stock movers today: Alibaba, Rivian Automotive, Gorilla Technology and more Source link
EUR/USD and EUR/GBP Prices, Charts, and AnalysisEUR/USD is back above 1.0900 on US dollar weakness.Euro Area data releases are thin on the ground next week. Recommended by Nick Cawley Download our Brand New Q3 Euro Guide The Euro is pushing higher against the US dollar and is back above 1.0900 after the latest US Jobs Report (NFP) missed expectations. Wage data however remained strong, leaving the US dollar mixed to marginally lower post-release.June Jobs Report: Mixed as NFP Misses Estimates but Unemployment Rate and Hourly Earnings ImproveThe economic calendar is fairly bare next week with the final German inflation print…
© Reuters. FILE PHOTO: Spanish Prime Minister Pedro Sanchez attends a meeting with Ukraine’s President Volodymyr Zelenskiy, amid Russia’s attack on Ukraine, in Kyiv, Ukraine July 1, 2023. Ukrainian Presidential Press Service/Handout via REUTERS/File Photo By Belén Carreño, Andrei Khalip MADRID (Reuters) -Pedro Sanchez’s reputation as a risk-taker precedes him, but a snap national election he has called for this month represents the Spanish prime minister’s biggest political gamble yet. The bold move, made in late May after his Socialist Party (PSOE) did badly in local ballots, took senior members of the party by surprise, according to sources. PSOE’s standing…
US NFP AND JOBS REPORT KEY POINTS:The US Added 209,000 Jobs in June, Slightly Below the Forecasted Figure of 225,000. May Figure Revised Down to 306,000.The Unemployment Rate Fell Back to 3.6%.Average Hourly Earnings Came in at 0.4% MoM with the YoY Print Back up to 4.4%.To Learn More About Price Action, Chart Patterns and Moving Averages, Check out the DailyFX Education Section. Recommended by Zain Vawda Get Your Free USD Forecast The US added 209k jobs in June following a downwardly revised 306K in May, and below market forecasts of 225K. Nonfarm employment has grown by an average of…
Success doesn’t come easy. There’s no surefire way to be successful, but I’m sure that no one ever became a success without taking responsibility for their actions. There are circumstances that happen outside the scope of our control. But how you react to them is not among them. You have control over your emotions, reactions, and decisions. Most of us overlook this, especially when we trade. Instead of taking responsibility for a bad trade, we blame the forex market, our broker, charts, and sometimes even the cat outside the window. But aren’t we the ones doing our homework and identifying…