Author: FX
Happy Friyay, errbody! If you haven’t gotten enough of dollar-related trades this week, then you’ll definitely want to watch EUR/USD for a possible bounce! Here’s what I’m seeing on the 4-hour time frame: EUR/USD 4-hour Forex Chart by TV As you can see, EUR/USD is having trouble making new highs above 1.1000 after starting an uptrend from the 1.0650 levels. Fortunately for EUR bulls, EUR/USD has also found support somewhere along the 1.0870 area. And why not? The level marks the 38.2% Fibonacci level of June’s upswing AND is near the 100 SMA on the 4-hour time frame. The bullish…
© Reuters. French police secure the district after the death of Nahel, a 17-year-old teenager killed by a French police officer during a traffic stop, in Nanterre, Paris suburb, France, June 28, 2023. REUTERS/Stephanie Lecocq By Layli Foroudi and Noemie Olive NANTERRE, France (Reuters) -France saw unrest spread to major cities in a third night of riots on Thursday as President Emmanuel Macron fought to contain a mounting crisis triggered by the deadly police shooting of a teenager of Algerian and Moroccan descent during a traffic stop. Forty thousand police officers were deployed across France – nearly four times the…
A significant upward revision in the final read for US first-quarter gross domestic product (GDP) data (2.0% versus 1.4% forecast) adds to the list of positive economic surprises in the US lately, with economic resilience aiding to calm some nerves around recession concerns, at least for now. That paved the way for some catch-up performance in riskier small-cap stocks overnight, with the Russell 2000 outperforming its counterparts to close 1.2% higher.Banking stocks also stole the limelight, with all 23 lenders acing the Federal Reserve’s (Fed) annual stress test by proving their resilience in weathering a severe recession scenario. The results…
Zarina Lukash/iStock via Getty Images Iveric Bio (NASDAQ:ISEE) ticked up 0.8% in after hours trading after saying it expects its sale to Astellas (OTCPK:ALPMF) to close on July 11. Iveric (ISEE) expects its $5.9 billion sale to close three business days after its shareholders vote on the planned sale to Astellas on July 6, according to a regulatory filing from a Q&A with Iveric employees. The disclosure comes as Iveric (ISEE) at one point fell as much as 8.8% on Wednesday amid some vague investor concern about the deal. The companies disclosed on Monday that the HSR waiting period for…
People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 7.2480-Today’s reference rate at 7.2258 is another tweaking of the yuan, the rate is the weakest (for CNY) since November 10 last year. PBOC injects 103bn yuan in open market operations (OMOs) via 7-day reverse repos…
Share: Silver Price (XAG/USD) licks its wounds around $22.60 amid Friday’s sluggish morning in Asia, after declining in the last two consecutive days, as traders struggle for clear directions amid upbeat options market signals and strong US Dollar ahead of the key data. That said, a one-month risk reversal (RR) of the Silver price, a gauge of the spread between the call and put options, prints the first daily loss in five while marking the -0.100 figure by the end of Thursday’s North American session. It’s worth noting, however, that the weekly RR prints the strongest bullish options…
ismagilov Mira Pharmaceuticals (MIRA) has filed to raise around $16M through an initial public offering. While Mira didn’t specify terms, it did indicate in its filing fee schedule that it was seeking approximately $16M. The biotech company hopes to list its shares on Nasdaq under the symbol MIRA. Kingswood Investments is serving as lead bookrunner. Based in Maryland, Mira’s lead drug, MIRA1a, is based on the cannabis-derived compound THC. Mira plans to file an Investigational New Drug application with the US Food and Drug Administration in late Q3 2024 to begin clinical testing of the drug in the treatment of…
We’re about to start a brand new trading month, which means central banks like the Reserve Bank of Australia will soon start dropping their July policy statements! What are traders expecting from the RBA and how could the decision affect AUD’s prices? I’ve got the important points for ya! Event in Focus: Reserve Bank of Australia (RBA) Monetary Policy Statement When Will it Be Released: July 4, 2023 (Tuesday): 4:30 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: RBA to raise its interest rates by another 25 basis points to 4.35%…
iRobot Corp. (IRBT) Announces Resignation of Deborah G. Ellinger from Board On June 27, 2023, Ms. Deborah G. Ellinger submitted her resignation, effective June 30, 2023, from the Board of Directors of iRobot Corp . (NASDAQ:) and from each committee on which she served due to family medical issues. Ms. Ellinger’s resignation was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices (financial or otherwise). Source link
The price of WTI crude futures are settling at $69.86 up $0.30 or 0.43%. The high reached $70.60. The low extended to $68.93. The move to session highs saw the price extend back above its 200-hour MA at $70.04 currently (green line in the chart above). However, momentum could not be sustained, and the price rotated back below the MA level.The subsequent fall moved down to test the 100-hour MA (blue line at $69.02) and found support buyers.With the price settling at $69.86, it is between the 100-hour MA below and the 200-hour MA above.Traders will be looking for a…