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EURO FORECAST:EUR/USD jumps following the European Central Bank’s policy decision, recapturing a major trendline. Meanwhile, EUR/JPY soars to its highest level in nearly 15 yearsThe ECB raised interest rates by 25 basis points and revised higher its inflation projections, signaling more tightening is on the horizonEuro’s technical bias is turning more constructive against some of its top peers Recommended by Diego Colman Get Your Free EUR Forecast Most Read: Japanese Yen Outlook Rests on Bank of Japan Stance. USD/JPY Set to Blast Off?The euro strengthened across the board on Thursday following the European Central Bank’s monetary policy announcement. In late…
By Matt Spetalnick and Simon Lewis WASHINGTON (Reuters) – The U.S. sharpened its criticism of Russia’s record on human trafficking on Thursday, citing Moscow’s treatment of conscripts and Ukrainian children, in an annual report on countries that Washington says are failing to protect victims. The State Department’s 2023 Trafficking in Persons report kept Russia on a list of “state sponsors” of human trafficking and ranked Russia among the world’s worst at addressing the problem. Relations between Moscow and Washington are at a breaking point over Russia’s invasion of Ukraine. A section on Russia included more criticism than last year of…
In a preview of tonight’s Bank of Japan (BoJ) meeting, Credit Agricole notes that as the USD/JPY pair returns above 140, Japanese policymakers have resumed verbal intervention in the forex markets. Hirokazu Matsuno, Japan’s Chief Cabinet Secretary, stated that he is closely monitoring the FX markets and considers excessive movements undesirable.Credit Agricole assesses the current level of verbal intervention at 3 on their 1-7 scale, with 7 indicating imminent foreign exchange intervention. The bank points out that for the verbal intervention to grab investors’ attention, there would need to be references from policy officials about the currency being misaligned with…
JAPANESE YEN FORECAST:USD/JPY rises modestly following the Fed’s decision on WednesdayAttention now turns to Bank of Japan’s monetary policy announcementBoJ is expected to keep its ultra-loose stance unchanged, creating additional headwinds for the Japanese yen Recommended by Diego Colman Get Your Free JPY Forecast Most Read: Fed Pauses for Now but Signals Higher Peak Rate, Gold Prices Shift into ReverseUSD/JPY moved slightly upwards on Thursday, despite broad-based U.S. dollar weakness, triggered by falling U.S. Treasury yields. In early afternoon trading, the pair was up around 0.25% to 140.35, well off the Asian session highs, when it briefly rose above 141.50…
Share: Economists at TD Securities discuss Gold (XAU/USD) outlook after the Fed meeting. Gold to average $2,100 in the final three months of the year The yellow metal could well move into the low $1,900 in the not-too-distant future if data remains strong enough to corroborate the Fed’s interest rate forecast and technical supports are breached. Given the world is looking like the Fed will not actually pull the trigger two more times, as suggested by the ‘meaningless’ median dots, our outlook for the yellow metal is positive. Gold could well rally on any data showing inflation pressures…
S&P 500 News and Analysis Recommended by Richard Snow How to Trade FX with Your Stock Trading Strategy Is Extreme Greed Setting in as the Fed Warns of Upside Risks to Inflation?When looking at the VIX index, otherwise known as the fear gauge, market participants expressed more concern ahead of this week’s CPI report than they did ahead of the FOMC rate meeting. The lack of market concern simply added to existing bullish S&P 500 momentum in the wake of the Fed’s decision to hold rates steady for now. Core CPI had proven a challenge for the Fed but Tuesday’s…
assistantua/iStock via Getty Images Argonaut Gold (OTCPK:ARNGF) +3.4% in Thursday’s trading after saying it achieved first gold pour at its Magino mine, the company’s first Canadian operation and located in Dubreuilville, Ontario. Argonaut (OTCPK:ARNGF) said it expects Magino will produce 72K-81K oz of gold in 2023 at cash costs of $850-$950/oz and ~148k oz of gold at cash costs of $868/oz in 2024, the mine’s first full year of production. Process plant ramp-up remains on schedule with commercial production expected in Q3. The company also said it will pursue additional growth opportunities at Magino, with a 12-15 month exploration and…
Sunrise New Energy (EPOW) Granted Five Patents for Technological Breakthroughs in Silicon Anode Manufacturing Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (EPOW), today announced that the China National Intellectual Property Administration (CNIPA) has granted the Company five patents, marking significant advancements in the field of silicon anode manufacturing. These patents reinforce the Company’s commitment to innovation and position it at the forefront of next-generation lithium-ion battery technology. The granted patents include: AJ220008f-1B Sunrise (Guizhou) New Energy Materials Co. 2017111552502: A lithium-ion battery, silicon carbon cathode material used and its preparation method. AJ220018f-1 Sunrise (Guizhou)…
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…