Author: FX

Germany consumer confidence rebounds further to -29.5 Source link

© Reuters. FILE PHOTO: A customer enters one of Careem cars in Mosul, Iraq September 25, 2019. Picture taken September 25, 2019. REUTERS/Abdullah Rashid By Lisa Barrington and Hadeel Al Sayegh DUBAI (Reuters) -Uber Technologies’ Middle East subsidiary Careem is in advanced talks with Emirates Telecommunications Group Company to invest in its expansion into services beyond ride-hailing, five sources with knowledge of the matter told Reuters. Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services. Careem’s discussions…

USA30, Daily The US30 on Tuesday (28/03) recorded a moderate decline with the US100 falling to a one-week low. Tuesday’s higher T-note yield weakened technology stocks. Global bond yields moved higher Tuesday as worries about the banking sector eased. The US 10-year T-note yield rose +3.0 bp to 3.560%. Also, the German 10y Bund yield rose +6.3 bp to 2.290%, and the UK 10y Gilt yield rose +9.0 bp to 3.456%. The increase in the trade deficit in February was predicted to be the reason behind the temporary weakening of the stock index. The latest situation report on consumer confidence…

Whether you’re into riding trends or catching reversals, I’ve got you covered on today’s set! Check out these potential plays on USD/JPY and EUR/CAD. USD/JPY 1-hour Forex Chart by TradingView Reversal alert! USD/JPY might be done with its selloff, as the pair is completing an inverted head and shoulders on its hourly time frame. Dollar bulls are still waiting for a break above the neckline around the 132.00 major psychological mark before getting the green light for more gains. If that happens, USD/JPY might rally by the same height as the chart pattern or roughly 200 pips. Technical indicators aren’t…

There was no obvious fresh catalyst for the rise in USD/JPY during the timezone here. From lows circa 130.80 its traded to highs just over 131.65 and is not far from the highs as I post. We had remarks from Bank of Japan Governor Kuroda and new Deputy Governor Uchida, but these came after the rise. The focus of the data agenda were CPI data from Australia. This was the monthly CPI, for February, which came in below the estimate and below the January and December month CPIs. It was suggestive of a peak for inflation. The next quarterly CPI,…

Share: AUD/JPY has dropped sharply to near 87.80 as Australian inflation has softened further to 6.8%. The collaborative effect of weaker Retail Sales and softening price index would support the RBA in keeping policy unchanged. BoJ Kuroda remained extremely dovish for further monetary policy as the sustainable inflation target has not been met yet. The AUD/JPY pair has slipped firmly to near 87.80 as the Australian Bureau of Statistics has reported further softening in the monthly Consumer Price Index (CPI) (Feb). The economic data has landed at 6.9%, lower than the consensus of 7.1% and the former release…

View Q4 2022 Earnings Preview Source link

Australia and Canada are set to release top tier economic reads this week, making AUD/CAD a solid pair to watch for potential short-term trading opportunities. AUD/CAD 1-HR Forex Chart by TradingView AUD/CAD may get set to jump around this week with top tier events from both the Land Down Under and the Great White North. In just a few hours, Australia is set to release their latest CPI read (forecasted to come in at 7.6% y/y vs. 7.4% y/y previous), and this could really get the pair moving as it would likely have a significant influence on the RBA’s  interest rate…

OIL PRICE FORECAST:Oil prices rise to their best level in two weeks on supply disruption risksDespite recent gains, the technical outlook remains somewhat bearish for WTI crudeThis article looks at key tech levels to watch in the coming sessions Recommended by Diego Colman Get Your Free Oil Forecast Most Read: Gold Could Find It Tough to Crack $2000Oil prices (WTI futures) extended their recovery, advancing for a second consecutive session and climbing on Tuesday to their best level in two weeks, near $73.75. Gains were driven by energy flow disruptions after political disputes between Iraq, Iraq’s semi-autonomous Kurdish region and…

This is a hot reading and is bullish for the US dollar US Dollar The US dollar, (symbol $, code USD) is the fiat currency of the United States of America (USD) and the most widely traded currency globally. It was introduced into the US in the late 18th Century, with paper notes not being distributed until the following century. The US dollar, also informally known as the greenback, is the world’s most foremost reserve currency, due in large part to the importance of the US economy on the world stage. Once backed by gold (in the 1900’s), the USD…