Author: FX
© Reuters. (Corrects date) MUMBAI (Reuters) -India’s central government’s gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods and services tax may not be rolled over, a few economists said. However, there are chances of the central bank paying the government a higher dividend, which could allow for a surprise at the budget presentation on Feb. 1. The government’s gross borrowing is expected to be a record 16 trillion rupees (about $196 billion) for the fiscal year through March 2024, according to a Reuters…
Welcome to mid-week trading, errbody! Both Ether (ETH/USD) and CAD/JPY are hitting verrry important trend resistance zones right now. Think the trend will continue to be our friend for the rest of the week? CAD/JPY 4-hour Forex Chart by TradingView CAD/JPY fell sharply in October after the pair found resistance at the 110.00 psychological handle. The selling has since taken a chill pill BUT the pair hasn’t stopped making lower highs and higher lows. In fact, it’s showing a visible downtrend on the 4-hour time frame! The ball is on the bears’ side right now as CAD/JPY tests the 97.75…
Is that somewhat of a hint to markets? Justin Low Wednesday, 25/01/2023 | 04:56 GMT-0 25/01/2023 | 04:56 GMT-0 Specific monetary policy tools are up to the BOJ to decideThat includes yield curve control, negative rates, ETF purchasesWill appoint next BOJ governor at the end of Kuroda’s term on 8 AprilDecision on next BOJ governor will be made while watching future economic trendsPremature to talk about revision to joint statement between BOJ and government, since next BOJ governor has not been decidedIf they were adamant about maintaining the current policy stance, it will not be surprising to see Japanese officials…
Cycle from 12.23.2022 low is in progress as an impulse Elliott Wave structure. Up from 12.23.2022 low, wave ((i)) ended at 385.71 and pullback in wave ((ii)) ended at 376.42. The ETF extends higher in wave ((iii)) towards 398.78. Internal of wave ((iii)) unfolded as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 384.35 and dips in wave (ii) ended at 378.43. The ETF extends higher in wave (iii) towards 393.70, and wave (iv) ended at 385.74. Final leg higher wave (v) ended at 398.78 which completed wave ((iii)). Pullback in wave ((iv)) ended at…
Gold, XAU/USD, US Dollar, FOMC, AUD/USD, RBA, NZD/USD RBNZ, Crude Oil – Talking PointsThe gold price remains steady near its highs today as yields slip elsewhereAustralia and New Zealand saw uncomfortable CPI data that sent AUD/NZD northThe market is eyeing next week’s FOMC meeting. What will it mean for XAU/USD? Recommended by Daniel McCarthy Get Your Free EUR Forecast Gold traded above US$ 1,942 overnight and continues to trade just below that level today as markets fret over the health of the US economy.Disappointing PMI data appeared to lead to market perceptions that the Fed night is not going to…
© Reuters. By Christine Kiernan NEW YORK (Reuters) – Winter is well under way in New York City and the holiday celebrations are fading into the distance – but there has still not been a proper snowfall. Central Park is green. The sun is out. And ducks frolic in ice-free ponds. Although an epic blizzard hit western New York state just after Christmas, the Big Apple (NASDAQ:) itself has gone 230 days without snow, according to the National Weather Service. It is now approaching the record latest snow for the city – Jan. 29, which dates back to 1973. Some…
Stifel Financial raises dividend by 20% to $0.36 Source link
The data is here:ANZ:Australia’s CPI data showed momentum continued to build in domestically driven inflationary pressures in Q4. Non-tradables and services inflation accelerated, both annualising around 8½% y/y, cementing a 25bp cash rate hike in FebruaryAnd, from Australia’s biggest fund:Correct me if I’m wrong but I think Dr. Oliver was in the February ‘pause’ camp. He has now updated his view on the updated data. Makes sense to me. Source link
Gold price is attempting to surpass $1,940.00 as US yields drop further. The USD Index to remain weak this year as attention is turning towards policy tightening in other advanced economies. Gold price is auctioning in a Rising Wedge, portraying a volatility contraction. Gold price (XAU/USD) is aiming to overstep the immediate resistance of $1,940.00 in the Tokyo session. The precious metal is gaining strength amid rising demand for the US government bonds that have weakened yields further. The 10-year US Treasury yields have dropped to near 3.45%. A sell-off in the S&P500 futures is indicating that the risk-taking capacity…
S&P 500, MSFT, GDP, Recession and DXY Talking Points:The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 127.00The two-day charge for risk-leaning assets earned the S&P 500 a clear break through its 200-day SMA, trendline resistance and overlapping Fibs; but where is the follow through?Our growth interests given an update this past session with the January PMIs; but the market seems to be looking for something more weighty for conviction Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast Technical achievements alone are not enough to prompt the market to action. For charts traders –…