Author: FX
Trading success is statistically hinged on two factors, win rates and risk-reward ratios. Traders who could find a good mix of win rates and risk-reward ratios are the ones who end up being consistently profitable when trading the forex markets. Win rates pertain to the win percentages of a trader. This pertains to the percentage of winning trades that a trader obtains out of a number of trades, regardless of the amount of the win. Traders with high win rates tend to win more often than they would lose. Risk-reward ratios on the other hand pertain to the dollar amount…
Share: Gold price has climbed above $2,010.00 firmly as Fed policymakers are anticipating a quick deceleration in the US CPI. Fed minutes will be in focus as they will provide a detailed explanation behind the 25 bps rate hike in March. Gold price is marching towards the $2,032.00 resistance after sensing a stellar buying interest. Gold price (XAU/USD) has shown a quick move above the critical resistance of $2,010.00 in the Asian session. The precious metal has jumped above $2,013.00 amid further weakness in the US Dollar Index (DXY). The USD Index has dropped to near 102.05 and…
Crude Oil, US Dollar, WTI, SVB, FDIC, Iraq, Kurdistan, Turkey, Volatility – Talking PointsCrude oil has steadied after an astounding rally seen at the start of last weekSupply issues remain problematic, but the market might be saying somethingIf the dynamics within the futures market persist, will WTI rally further? Recommended by Daniel McCarthy Get Your Free Oil Forecast Crude oil continues to hold the high ground after making a 2-month high last week with supply issues dominating headlines.The rally for crude overnight could be attributed to a generally weaker US Dollar with Treasury yield volatility pausing after a few weeks…
© Reuters. FILE PHOTO: Japan’s vice minister of finance for international affairs, Masato Kanda, poses for a photograph during an interview with Reuters at the Finance Ministry in Tokyo, Japan January 31, 2022. Picture taken January 31, 2022. REUTERS/Issei Kato By Leika Kihara (Reuters) – Group of Seven (G7) advanced economies will consider how best to help developing countries introduce central bank digital currencies (CBDC) consistent with appropriate international standards, Japan’s top currency diplomat Masato Kanda said on Tuesday. The move will be among key themes of G7 discussions that Japan chairs this year, as part of efforts to address…
The notes will bear interest at a rate of 8.50% per year payable quarterly on February 28, May 31, August 31, and November 30 of each year, beginning May 31, 2023.The offering is expected to close on April 14, 2023.The underwriters have an option to purchase up to $7.5 million of notes.The notes are expected to be listed on the NYSE and will trade within 30 days of the original issue date under the symbol “SAZ”. Source link
Markets:Gold up $14 to $2003WTI crude oil up $1.75 to $81.49US 10-year yields up 1.3 bps to 3.42%S&P 500 up 3 points to 4139CHF leads, NZD lagsMarkets were finally fully open after a couple holiday-altered trading days and the market was still trying to find its legs. The US dollar chopped around with USD/JPY finding a low just below 133.00 in Europe then steadily grinding higher as Treasury yields recovered and sentiment improved.That same sentiment didn’t spill over to AUD and NZD, which continued to sag in North American trade. CAD was able to get some momentum thanks to a…
PNC Financial Services Group, Inc. is an American bank holding company and financial services company based in Pittsburgh, Pennsylvania with a market capitalisation of $49.2 billion. The company is scheduled to provide its Q1 2023 earnings report on Friday (14 April), before market open. PNC Financial Services Group, Inc. is engaged in the provision of financial services. It operates through its Retail Banking, Corporate and Institutional Banking, Asset Management Group and Other segments. The Retail Banking segment offers deposit, lending, brokerage, investment management and cash management products and services to consumer and small business customers. https://www.tipranks.com/stocks/pnc/earnings PNC Financial Services Group…
Share: WTI jumps to test resistance again as US Dollar retreats. Production cuts keeps the black gold better bid. WTI oil prices climbed over 2% to $81.55 a barrel on Tuesday while investors get set for data that may show further declines in US oil and fuel inventories. Additionally, a weaker US Dollar ahead of potentially cooling inflation data on Wednesday has been bullish for energy prices. The US reports its Consumer Price Index on Wednesday and analysts at TD Securities argued that ´´core prices likely cooled off modestly in March, with the index still rising a strong 0.4% MoM.´´ Ebbing…
Event in Focus: Bank of Canada Monetary Policy Statement When Will it Be Released: April 12, Wednesday: 2:00 pm GMT, 3:00 pm London, 10:00 am New York, 11:00 pm Tokyo Consensus Expectations: Likely to hold the policy interest rate at 4.50% The Bank of Canada’s business and consumer surveys indicate an impending economic slowdown, likely resulting in a more dovish outlook from the BOC at the upcoming April meeting. While recent inflation updates have ticked lower, overall, expectations are still well above the target inflation range, making the probability of near-term easing highly unlikely. Canadian Data Since Last Monetary Policy…
Justin Sullivan/Getty Images News Ford Motor Company (NYSE:F) will reorganize operations for its factory in Oakville, Ontario, Canada to produce EVs, according to a statement on Tuesday. The Dearborn-based automaker announced a C$1.8B ($1.33B) investment in order to transform its Ontario plant into a “hub of electric vehicle manufacturing” and battery pack assembly. The company plans to produce 2M EVs per annum by the end of 2026, aided significantly by the transformed factory. “Canada and the Oakville complex will play a vital role in our Ford+ transformation. It will be a modern, super-efficient, vertically integrated site for battery and vehicle…