Author: FX
USDCAD stalls at the 200 hour MA and rotates lowerThe USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD…
Swiss National Bank Chairman Thomas Jordan is crossing the wires and has stated the following: Key comments Price stability does not happen automatically. We are seeing no wage-price spiral in Switzerland. Inflationary pressure stronger than SNB can tolerate, can’t exclude more interest-rate increases. A strong swiss job market could affect a firm’s cost inflation. In 2022 second-round effects rose, and inflation spread. Ready to be active in currency markets when necessary. USD/CHF technical analysis On the following daily chart,m we can see that the price is moving lower with a descending channel: Zoomed in … The M-formation is pulling the bulls in from support…
Baker Hughes goes ex dividend tomorrow Source link
Gold (XAU/USD), Silver (XAG/USD) Outlook:Gold prices rise to nine-month high – Fed, ECB and BoE rate hikes boost precious metals before retreating to support.Silver futures wrestle with resistance around $24.220, a key historic level that continues to keep bulls in check.Interest rates rise in-line with expectations – economic outlook remains bleak as inflation pressures mount. Recommended by Tammy Da Costa Get Your Free Gold Forecast Interest Rate Decisions Bolster Demand for Safe-Haven Metals – Gold & Silver Rise Before Retreating to Prior LevelsThe Fed, ECB and BoE have raised rates this week, in-line with market expectations. After the Federal Reserve…
© Reuters. FILE PHOTO: A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER/File Photo By Swati Verma and Noah Browning (Reuters) – The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on . Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
What is the outlook for Gold after the sharp moves in recent months? Economists at Standard Chartered see risks of a pullback. Gold rally appears stretched “Our proprietary indicator, fractals, is signalling that recent rally has led to stretched technicals for Gold, which has shot past our end-2023 price target of $1,890. Hence, we see elevated risk of a consolidation or even a pullback in Gold over the next few weeks.” “We would prefer to wait for a pullback towards $1,840 area before adding further exposure to Gold.” Source link
Crude Oil Price, Chart, and AnalysisOil prices made fleeting gains after US rates rose as expectedMajor producers agreed to extend their production cuts on WednesdayUS inventories rose by much more than expectedOil prices slipped back in Thursday’s European session after short-lived gains in Asia following the United States Federal Reserve’s quarter-point interest rate hike.Despite higher borrowing costs the US Dollar initially weakened after Fed Chair Jerome Powell said that the ‘disinflation process has started’ even as price rises remain relatively strong. The central bank said that ongoing rate rises remain appropriate, but markets clearly believe that the bulk of such…
Trian asks Disney investors to add Peltz to board, oppose reelecting Michael Froman Source link
3/3 © Reuters. FILE PHOTO: A Cadillac Lyriq electric vehicle (EV) under General Motors is seen during its world premiere on a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song 2/3 LOS ANGELES (Reuters) – Netflix Inc (NASDAQ:) has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors (NYSE:). The streaming service announced an agreement on Thursday to feature vehicles including the Chevrolet Bolt, the electric GMC Hummer pickup and the Cadillac Lyriq in TV series and films “where relevant.” The companies will highlight the partnership in…