Author: FX
It’s been awhile since there was a genuinely bad day for US equities but today is heading in that direction. There is talk of heavy selling on rebalancing flows into quarter end. That same thing could be putting a bid into bonds today.You also have investors worried about a market that’s moved too far too fast. At the open today, the S&P 500 was just 8% away from a new all-time high.J.P. Morgan expects asset managers and pension funds to sell $150 billion of equities into quarter end in rebalancing towards bonds. That’s not an enormous figure but it’s enough…
Share: Natural Gas price corrects from its daily highs after the release of upbeat macroeconomic housing data from the US, which supports the US Dollar and weighs on XNG/USD. Natural Gas pares earlier gains reached after Norwegian data showed lower-than-expected production in May, sparking supply fears. Despite bullish fundamentals, the longer-term technical trend remains bearish as long as prices stay below $3.079 MMBtu. Natural Gas price pulls back from the day’s highs on Tuesday after US housing data unexpectedly beats expectations increasing demand for the US Dollar, weighing on Natural Gas which is predominantly priced in USD. Earlier in the day Natural Gas…
Affinity World Leaders Equity ETF declares quarterly distribution of $0.2360 Source link
© Reuters. The logo of Lockheed Martin is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/ FILE PHOTO By Valerie Insinna PARIS (Reuters) – Lockheed Martin (NYSE:) has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet’s biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and IP protections, adding it had received “little response” from L3Harris over its concerns. “To date,…
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…
As you can see, AUD/JPY got rejected from the 97.50 area and is now trading 100 pips lower in the 96.50 zone. That’s probably the most decent pullback from the pair since it blasted up from the 90.50 area at the start of the month! What makes the setup even more interesting is that the 100 SMA has crossed below the 200 SMA to signal a possible bearish reversal. AUD/JPY 15-min Forex AUD/JPY 1-hour Forex Chart by TV But wait! Before you pull the trigger on your sell orders, you should know that AUD/JPY is still seeing decent support around…
Share: USD/CHF struggles to extend Friday’s recovery, clings to mild gains during three-day uptrend. Steady RSI, clear break of 61.8% Fibonacci retracement suggests further advances. Weekly resistance line, 200-SMA guards recovery moves before welcoming bulls. USD/CHF reverses intraday gains as it fades bounce off an ascending support line from Friday heading into Tuesday’s European session, downbeat around 0.8960 by the press time. In doing so, the Swiss Franc (CHF) pair fails to defend the three-day recovery from the lowest level in five weeks. The pullback moves, however, lack acceptance from the RSI and MACD oscillators as the former…
Alibaba announces Eddie Wu to succeed Daniel Zhang as CEO and Joseph C. Tsai as Chairman Source link
Remember that gold triangle we had been watching a while back? Well, it looks like the precious metal is ready for another test of support! On its hourly time frame, XAU/USD is still stuck inside a descending triangle formation with its lower highs and support around $1,940. Gold (XAU/USD) 1-hour Chart by TV That was one nasty fakeout on the latest test of support! Now gold is back inside its consolidation chart pattern and is once again retreating from the top. Will we see a breakdown from support this time? Technical indicators are giving mixed signals, as Stochastic is pulling…
© Reuters. People walk on a zebra crossing in front of the buliding of Bank of Korea in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji/FILE PHOTO SEOUL (Reuters) – South Korea will gradually unwind relaxed regulations on banks from the second half of this year, the country’s financial regulator said on Tuesday. In a statement, the Financial Services Commission (FSC) said it would normalise the loan-to-deposit ratio requirement on lenders from July. The ratio had been eased to 105% from the usual 100% late last year in response to a credit crunch in domestic financial markets and extended early…