Author: FX
SPX intradayIt was a back-and-forth session for equities on Thursday as early selling reversed back to unchanged, then the bears sold again late. The FX market took a more upbeat view with commodity currencies Currencies Currencies are a typically a form of money in wide circulation, being the primary medium of exchange with respect to buying and selling goods and services. These are often issued by a specific government or collection of governments, by way of paper notes and coins. Other forms of currencies include previous metals such as gold and silver, and digital currencies such as Bitcoin. Currencies serve…
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally’s tracks from yesterday’s business with 1.3450/30 eyed as a potential support structure in what has been a choppy descent from above 1.3500 on the day so far. The following illustrates the downside bias prior to the next wave of demand to the upside should the US dollar bulls be motivated by a discount in price in the coming sessions and days ahead. USD/CAD prior analysis It was stated…
iShares 0-5 Year TIPS Bond Index ETF declares CAD 0.119 dividend Source link
© Reuters. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder By Howard Schneider, Ann Saphir and Bianca Flowers WASHINGTON (Reuters) – Evidence in favor of a “soft landing” for the U.S. economy, in which inflation declines without major job losses, appears to be growing, Federal Reserve Vice Chair Lael Brainard said on Thursday in remarks that excluded any explicit policy preference for the U.S. central bank’s upcoming meeting but noted signs of slowing growth. “Inflation has been declining over…
NZDJPY is the weakest pair todayThe biggest mover today is the NZDJPY. It is currently down about 1.2% on the day. The NZD is lower vs all the major currencies today on risk off. The PM Ardern also resigned (effective February 7th) ahead of the elections. She is out of gas as the party leader. The move lower today continues the decline started yesterday after the pair first raced higher on the back of the BOJ keeping policy steady.NZDJPY on a down swingLooking at the hourly chart above, that run to the upside raced up to recent swing highs and…
On Thursday, the USD/JPY fails to hold to its gains and trades beneath its opening price by 0.33% after hitting a daily high of 128.88. At the time of Source link
koto_feja/E+ via Getty Images Jazz Pharmaceuticals (NASDAQ:JAZZ) and Zymeworks (NASDAQ:ZYME) said Thursday that zanidatamab, an experimental therapy for gastroesophageal adenocarcinoma, indicated an 84% overall survival (OS) at 18 months as a first-line option with chemotherapy. The companies announced the findings following a preliminary analysis in its global Phase 2 trial for the drug combo involving 46 patients with HER2-expressing metastatic gastroesophageal adenocarcinoma (mGEA). The overall survival data indicate that 84% of patients who received the treatment were still alive at 18 months. At the time of the data cut, when the median duration of follow-up stood at 26.5 months, the…
SPX, Nasdaq 100 and Dow Jones AnalysisUS equity futures point to a lower open for stocksS&P 500 marks another tag of trendline resistance before trading lowerUS Tech remains the laggard of the three indices, approaching the 2023 lowThe Dow shows a propensity for greater declines after outperforming the other indices. There is a greater distance to fall for the high-flying DowThe 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 Get Your Free Equities Forecast US Equity Futures Point to a Lower…
Prior report 205Kinitial jobless claims 190 K versus 214K estimate4 week moving average of initial jobless claims 206.00K versus 212.50K last monthContinuing claims 1.647M versus 1.660M estimate4 week moving average of continuing claims 1.673M versus 1.678M last weekThe data today coincides with the BLS survey week four employment to be released in the first week next month Source link
GBP/USD is expected to remain below the 1.2445/47 December highs for now, in the view of analysts at Credit Suisse. Support seen at 1.2204, then 1.2169 “We maintain our view that the 1.2245/47 December high is likely to remain a tough barrier and we thus continue to look for this to cap for now, even if the broader trend is still seen higher.” “Support stays seen at 1.2301/1.2291 initially, then the 13-day exponential average at 1.2204.” “A close below 1.2169 remains needed to ease the immediate upside bias to clear the way for a retest of support at 1.2099/89, with…