Author: FX
Axsome hits snag on Alzheimer's agitation candidate as FDA wants more safety data Source link
© Reuters. FILE PHOTO: Democrat congresswoman Elissa Slotkin speaks about being endorsed by Republican congresswoman Liz Cheney for congress in Lansing, Michigan, U.S. November 1, 2022. REUTERS/Rebecca Cook By Katharine Jackson WASHINGTON (Reuters) – Democratic U.S. Representative Elissa Slotkin of Michigan on Monday said she will run for the Senate seat being left open by Debbie Stabenow in 2024. Slotkin, 46, won her seat in Congress in 2018 after working as a CIA Middle East analyst and Department of Defense official during the Obama and George W. Bush administrations. She announced her candidacy on Twitter, saying in a campaign video…
Citi sees a scope fir further USD upside, though if today is any indication, the idea of USD fixing demand into month end (tomorrow) is tenuous.”CitiFX Strategy continues to see further upside in USD and global rates as well a decline in risk assets. For rates, they note some two-way event risks (month-end rebalancing, Tokyo CPI, etc) as well as rising short positioning particularly for US rates, despite overall upside momentum. We also think the recent sell-off in risk assets will continue for now,” Citi notes. “For USD, we add that our colleagues’ month-end FX hedge rebalancing model points to…
Grifols S.A. FY 2022 Earnings Preview Source link
Silver (XAG/USD) Analysis Recommended by Richard Snow Building Confidence in Trading Silver Sell-off Gains Momentum as Yields Climb HigherUS dollar denominated commodities have had to endure some rather aggressive selling of late, with silver no exception. The metal’s bullish run was stopped abruptly at the $25 level, although, the numerous upper wicks beneath $25 hinted at an eventual failure to trade above.Since the turnaround, silver has declined rather heavily, taking out the rather wide zone of support (21.40 – 22.10) with Friday’s PCE inspired move propelling the latest move lower.Silver (XAG/USD) Weekly ChartSource: TradingView, prepared by Richard SnowSilver Extends ‘Oversold’…
Share: Federal Reserve Governor Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in the job market, as reported by Reuters. Additional takeaways “More people do better in the US when there are periods of low inflation and sustained growth.” “Important to get back to 2% inflation to allow those sorts of sustained economic gains.” “Inflation is too high and that is hard for people across the demographic spectrum.” “Lower inflation is a prerequisite for long-term prosperity.” “Right now the labor market is very strong with demand for workers high relative…
Nasdaq daily with 200-day moving averageThe Nasdaq is up 107 points, or 0.95%, to 11,507 in a decent start to the day. There was some modest selling at the open in stocks after a strong start.There are eyes on the turn of the calendar as month-end closes in. There’s not a clear catalyst for the positive mood in markets today so the finger-pointing towards the calendar feels a bit hollow but that’s markets. Source link
US DOLLAR, DURABLE GOODS KEY POINTS:US Core Durable Goods Actual 0.7% Vs Forecast 0.2%.US Durable Goods Actual -4.5% Vs Forecast -4%.Durable Goods Orders Ex Transp MoM(JAN) Actual 0.7% Vs Forecast 0%. Recommended by Zain Vawda Get Your Free USD Forecast MOST READ: US Dollar (DXY) Technical Forecast: Bullish Dollar Index Facing Technical Challenges in the Week AheadUS durable goods data for January came in below expectations on a MoM basis, with a print of -4.5% (down in 2 of the last 3 months). The number was weighed down by a sharp decline in orders for transportation equipment 13.3%, namely orders…
Share: The US Dollar Index (DXY) climbed back above the 105.00 level at the end of last week. Economists at MUFG Bank see room for the USD rebound to run further in the near-term. Fresh upward momentum for the US Dollar “We still believe that the USD’s recent rebound has room to run further in the near-term.” “After breaking above the 105.00 mark, the DXY is set to retest the year-to-date high at 105.63 and then the 200-Day Moving Average at just below 106.50.” Source link
Trading is not gambling. Many people think trading is just a glorified casino, but it really not like that. Gamblers play the game of chance, while traders play the game of probabilities. If you are risking money on something that has a high potential return with a high probability of turning out to be a win, if played smart, that would not be gambling. Traders who could find a way to trade the market with a good combination of a decent win rate and risk-reward ratio could earn consistent profits from the forex market. One of the best ways to…