Author: FX
Share: GBP/USD retreats from the highest levels in five weeks as UK monthly data dump, Fed decision loom. Overbought RSI, failure to cross fortnight-old resistance line and Doji candlestick challenge the Cable buyers. Golden Fibonacci ratio, 200-SMA and bullish MACD signals put a floor under the Pound Sterling prices. GBP/USD fades upside momentum at a multi-day high on the key day comprising the US Federal Reserve (Fed) verdict and the monthly UK data dump. That said, the Cable pair remains dicey near 1.2600 after rising the most in a week to prod the highest level since May 11…
U.S. Bancorp declares $0.48 dividend Source link
US DOLLAR FORECAST:U.S. dollar, as measured by the DXY index, slides as traders await critical FOMC decisionMay U.S. inflation data has increased the probability of a Fed pause in the June meeting, but the tightening cycle may not yet be overPolicymakers’ guidance and macroeconomic projections will help set the US dollar’s trading bias in the coming days and weeks Recommended by Diego Colman Get Your Free USD Forecast Most Read: S&P 500 Forecast – Bulls Energized after US CPI. Will the Fed Play Spoiler?The U.S. dollar, as measured by the DXY index, weakened on Tuesday amid market caution ahead of…
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On Thursday, the European Central Bank is likely to raise its interest rates by another 25 basis points. How can the decision affect EUR’s prices? Here are the important points you need to know before working on your trading plan: Event in Focus: European Central Bank (ECB) Monetary Policy Statement When Will it Be Released: June 15, Thursday: 6:00 pm GMT ECB President Lagarde will conduct a presser 30 minutes later. Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: ECB to raise its refinancing rates by 25 basis points to 4.00% ECB President…
EUR/CAD dailyGoldman Sachs recently shared its perspective on the euro, suggesting that its upside potential is limited due to similarities in macroeconomic conditions in the eurozone and other regions. The firm believes that the divergence in market pricing between these areas should reduce over time.Interestingly, the recent data seems to slightly diverge – while inflation in the United States has remained more persistent than anticipated, it has declined at a faster rate in the Euro area. Moreover, the United States has experienced resilient hard economic data in contrast to the Euro area’s less stellar performance at the start of the…
Share: AUD/USD gains 0.55%, trading at 0.6787 despite the US CPI data release. Fed is likely to delay rate hike as inflation cools; Futures suggest hike likelihood at 58.2% next month. Despite the ongoing RBA tightening cycle, AUD boosted by marginal gain in Consumer Confidence AUD/USD remains trading in the green, extending its rally to four straight days, but gave back some of its earlier gains following an inflation report in the United States (US). Data released from Australia in the Asian session lifted the pair, but at the time of writing, it exchanges hands at 0.6783, up…
Copper News and AnalysisChina lowers short-term lending rates to support economic recoveryIndustrial metals like copper benefitted from a lift in sentiment as prices roseFOMC remains the most impactful item on the economic calendar this weekThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Learn the number one mistake traders make and avoid it China Lowers Short-Term Lending Rates to Support RecoveryThe People’s Bank of China (PBoC) lowered the 7-day reverse repo rate to 1.9% which previously stood at 2% in its…
Biogen in pact with NeuroSense for ALS biomarker study Source link
© Reuters. FILE PHOTO: A man walks past an electric monitor displaying Japan’s Nikkei share average and recent movements, outside a bank in Tokyo, Japan, June 5, 2023. REUTERS/Issei Kato By Amanda Cooper LONDON (Reuters) -Global shares rose on Tuesday, taking their lead from an upbeat session on Wall Street ahead of key U.S. inflation data that could shape the outlook for Federal Reserve monetary policy. Consumer inflation on Tuesday and wholesale data on Wednesday could offer investors evidence of how successful the Fed has been in taming price pressures, and an indication of how much more U.S. rates may…