Author: FX
In the US debt market, yields are lower but off their lowest levels after the US CPI report:The US treasury will auction off 10 year notes at 1 PM ET (actually nine year 10 month notes as a re-open the older issue). Tomorrow the treasury will auction off the equivalent 30 year bonds (29 year and 10 month).In the forex, the AUD is the strongest and the USD is the weakest (at 9:45 AM ET). The strongest to the weakest of the major currencies Source link
In Psychology, being “in the zone” is more commonly referred to as “flow.” The concept was proposed by Mihály Csíkszentmihályi (try saying that out loud 3 times!), and he describes it as the state in which a person feels completely involved and fully focused on a particular task. More often than not, we overlook concentration as the primary factor behind this feeling and instead, associate it with superstition or rituals. This is particularly common among athletes who think that there’s a causal relationship between a particular circumstance and an outcome. For example, some of you may know that Michael Jordan…
Share: USD/CAD is trading little changed ahead of the BoC policy decision. In the meantime, charts turn mildly bearish for the pair, economists at Scotiabank report. BoC expected to leave its policy rate unchanged “No change in policy is expected. Even though the bar to higher rates remains high in Canada, the economy is still running quite hot (hotter than policymakers expected), meaning it is too soon to sound the “all clear” on the inflation fight. The policy statement is likely to reaffirm that the Bank is prepared to raise the policy rate further, if needed.” “US/Canada 2Y…
GOLD (XAU/USD) PRICE, CHARTS AND ANALYSIS: Recommended by Zain Vawda DOWNLOAD THE RECENTLY RELEASED Q2 FORECAST FOR GOLD Gold (XAU/USD) FUNDAMENTAL BACKDROPThe Gold price has rallied higher in Asian trade with a session high of $2020.87 before surrendering some of those gains following the European open (trading at $2011.00 at the time of writing). The question of the sustainability of such a move however remains on the mind of market participants in what could prove to be a pivotal day for the precious metal.Gold found support at the pennant breakout on Monday before bouncing yesterday on the back of a…
Aftermath Silver announces C$7M private placement Source link
© Reuters. FILE PHOTO: A logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium March 13, 2023. REUTERS/Yves Herman/File Photo (Reuters) – Mercedes-Benz Group sales rose moderately in the first quarter of this year, boosted by electric vehicles (EV) and premium cars, the German carmaker said on Wednesday. Worldwide sales increased 3% to 503,500 vehicles, with Europe posting the strongest growth at 8%. EVs were the main growth driver in the quarter, with sales almost doubling to 51,600 units. The top-end segment – which includes models such as AMG, Maybach and G-class – also demonstrated solid…
The S&P 500 is forming a reversal pattern on the 1-hour chart! Will this lead to the end of a short-term uptrend? As you can see on the 1-hour chart, the stock index has been in an uptrend since mid-March when concerns over the global banking structure started easing. It also helped that the banking crisis fueled speculations that the Fed would stop tightening and even cut its interest rates in less than a year. S&P 500 Index (SPX500) 1-hour Chart by TradingView But that was last month. Since then, Uncle Sam printed weak leading indicator reports that point to…
US #stockmarkets closed mixed again and Asian markets are flat ahead of US CPI print at 12:30 GMT today. USD has slipped again as EUR & AUD outperform. Treasuries recovered a tad (10-yr at 3.434%), #Gold hits $2,020 #USOil moves to $81.50 despite inventory build and #BTC holds onto $30k level. Fed’s Harker the “Fed may soon be done” and Goolsbee the Fed “needs to be careful about raising rates too aggressively in its efforts to tame inflation”, turned more Dovish. Kashkari remained Hawkish, “would be much worse for jobs if we failed to get…
Looking to trade a pullback? Or hoping to keep things simple with a range setup? Check out these support and resistance levels on Apple shares and CAD/JPY! Apple Inc (AAPL): 4-hour Apple Inc (AAPL) 4-hour Chart by TradingView Missed this bullish breakout on Apple shares? You might still have a chance to catch the short-term pullback… if you keep tabs on these Fib retracement levels! The former resistance zone around $153 to $158 is spanned by the 61.8% to 38.2% levels, which means that buyers might be hanging out around this area. Just note that Stochastic still has a bit…
Does anyone remember what the banking turmoil was like? It seems like a distant memory now, even if it only happened less than a month ago. As ever the case, markets are quick to move on and right now all the focus is on inflation once again.US consumer price inflation is expected to decline further from an annual basis in March, with estimates pointing to a 5.2% reading – down from 6.0% in February. That said, much like what we saw in Europe, the monthly figures are set to reaffirm a further rise in price pressures and the core reading…