Author: FX
Chip Somodevilla Deepwater Asset Management’s Gene Munster predicted difficult times for high-growth tech stocks in the first half of 2023, with an appearance by Federal Reserve Chair Jerome Powell and monthly jobs statistics potentially providing key catalysts this week. However, in an interview with CNBC, the analyst added that he sees a “great year” for tech in the back half of 2023 and into 2024. “I think what he [Jeremy Powell] learned with the last Fed meeting is that if he is not overly hawkish, the market tends to interpret any fractional positive news related to any sort of breaks…
MEXICO CITY (Reuters) – More than 100 unaccompanied minors, most of them from Guatemala, were found inside an abandoned truck trailer in the eastern Mexican state of Veracruz, Mexico’s migration authority said on Monday. In addition to the 103 children, 212 adults from Guatemala, Honduras, El Salvador and Ecuador, along with 28 family members from Guatemala and El Salvador, were found in the trailer, the National Migration Institute said in a statement. Source link
EURUSD holds the 100 hour MAThe EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2 dollars. Why the EUR/USD is the Most Popular Trading PairCompared to all tradable currencies, the euro (EUR) is the world’s second most traded currency, be The EUR/USD is the currency pair…
Unless you’re new to the trading scene, then you’ll know that trend trading is one of the most popular ways to trade assets. Because trends can continue to make money until it ends, traders spend a lot of time sharpening their trend-trading skills. How about you? Are you a trend trader yourself? If you are, do you think you’re minimizing your risks and maximizing the trends’ opportunities? Here are five questions you can ask yourself when you’re thinking of or are in a trend trade: Are you using tools and indicators that are helpful for trend trading? It’s tempting to…
Share: Gold price is struggling to regain upside traction despite falling Treasury bond yields. US Dollar drops amid repositioning ahead of Federal Reserve Powell’s testimony. Upbeat mood also weighs negatively on the safe-haven United States Dollar. Gold price turns south toward the 21-Daily Moving Average after facing rejection near $1,860. Gold price is retreating from over two-week highs of $1,858 in the early European session. Gold price has stalled its upbeat momentum even as the United States Dollar (USD) resumes its decline amid a positive risk tone. The focus this week remains the US Federal Reserve (Fed) Chairman…
I’m seeing a potential countertrend opportunity on the short-term chart of CHF/JPY. But could this pair have a shot at extending its rallies past these near-term resistance zones? Before moving on, ICYMI, I’ve listed the potential economic catalysts that you need to watch out for this week. Check them out before you place your first trades today! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Worker unions in Japan call for average of 4.0% wage hike – biggest increase since 90s – during spring wage talks Chinese gov’t work…
China set a modest target for economic growth this year of around 5% on Sunday, and is poised to implement the biggest government shake-up in a decade. Disappointing the markets! USD under pressure. Yields decline and Stocks extend rally today after Friday’s strong close. Stronger than expected data releases have revived tightening speculation and kept a lid on local stocks. Rate–sensitive tech shares outperformed in Japan, just like in the US, after comments from Richardmond Fed President Thomas Barkin that inflation is “likely past peak,” which helped to rein in long-term Treasury yields from multi-month highs. A day earlier, Atlanta…
Most traders would want to trade at points where the market reverses. Doing so means more profits for the least amount of risk. Traders who are able to catch price as it reverses tend to squeeze the most profit out of a price movement. However, doing so is very difficult to accomplish. So, how do we catch price at a reversal point? One of the telltale signs of a possible reversal are price rejections. Price rejection is not an actual term in trading. However I would describe it as a point on the price chart where price was quickly turned…
Hon Hai Precision February revenues down 11.7% Y/Y to NT$402.04B, issues Q1 guidance Source link
Comments from Vice Chair of the National Development and Reform Commission of the People’s Republic of China (NDRC) after the country’s growth target was set at around 5% over the weekend.This was seen as a little disappointing. Analyst consensus was a touch higher around 5.5%. The more modest target reduces the need for economic stimulus at the margin. China’s mainland stock markets are down a little on the session. The move will not extend into a rout while the National Congress is underway.Remarks via Reuters headlines: China’s economy steadily improvingWill further release potential for consumptionWill prudently tackle risks related to…