Author: FX
All eyes will be on major central bankers in the next trading sessions! Check out AUD/CAD’s 1-hour chart and see if today’s catalyst can extend the pair’s uptrend! Before moving on, ICYMI, yesterday’s watchlist checked out USD/CHF’s range support ahead of this week’s closely-watched U.S. economic releases. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Tokyo inflation hits 4% y/y, pointing to stronger-than-expected uptrend Japan’s November household spending falls 1.2% y/y, its first decline in six months…
Matthew Horwood/Getty Images News Shares of Virgin Orbit (NASDAQ:VORB) rallied on Monday after the company announced that the initial window for its historic flight would officially open later in the day. The Start Me Up mission, named after the Rolling Stones song, marked the first international mission for the company and the first commercial launch from U.K. soil (or from anywhere in western Europe). How it was supposed to work: A modified Boeing (BA) 747 dubbed Cosmic Girl hoped to send commercial and government satellites from several nations into space via “air launch,” or launching a rocket from under the…
4/4 © Reuters. A staff member unpacks copies of Britain’s Prince Harry’s autobiography ‘Spare’ at Waterstones bookstore, in London, Britain January 10, 2023. REUTERS/Peter Nicholls 2/4 By Michael Holden LONDON (Reuters) – After days of TV interviews, leaks, and a mistaken early release, Prince Harry’s memoir officially went on sale on Tuesday and eager readers headed to bookshops to get their copy with its intimate revelations about the British royal family. Harry’s book “Spare” has garnered attention around the world with its disclosures about his personal struggles and its accusations about other royals, including his father King Charles, stepmother Camilla…
WTI CRUDE OIL (CLc1) TALKING POINTSAll eyes will be on Fed Chair Jerome Powell later today on his comments around interest rates and tackling inflation.Will the API crude oil stock change report maintain it’s upward path?$75 resistance handle defended by bears. Recommended by Warren Venketas Get Your Free Oil Forecast WTI CRUDE OIL FUNDAMENTAL BACKDROPWTI crude oil is coming under pressure this Tuesday morning ahead of the European session on the back of a stronger U.S. dollar. The dollar upside grew from yesterday’s Fed speakers including the Fed’s Bostic and Daly who reinforced their outlook for the U.S. central bank…
AAPL just busted out of a consolidation! Does this mean the stock is ready for a bounce? Or are we seeing a fakeout? Apple Inc (AAPL): Daily Apple Inc. Daily Equity Chart by TradingView In case you were too busy preparing to trade the top-tier reports scheduled this week, you should know that Apple Inc.(AAPL) might drop a key supplier in favor of producing its own parts. A report from Bloomberg detailed that Apple might swap out components made by Qualcomm and Broadcomm in favor of making its in-house parts by late 2024 or early 2025. The possibility of wider…
The Premier Event for Business Networking and Collaboration in the Financial and Fintech Space iFX EXPO Dubai 2023 is rapidly approaching, and it is expected to be the largest iFX EXPO ever held in the Middle East and North Africa (MENA) region. Between January 16-18, the event will bring together top professionals in the financial and fintech sectors under the roof of the Dubai World Trade Centre for two days of business collaboration and networking. This year, the event will feature 40% more exhibitors and around 3,500 attendees worldwide. Major industry players such as Exness, ZuluTrade, MultiBank Group, B2Broker, ADSS,…
Treasuries remained firm, yields finished off of their lows. Wall Street turned mixed in the afternoon after the US30 and US500 shed their advances. Hawkish Fedspeak from Bostic and Daly generated some cold feet and subsequent profit taking ahead of Fed Chair Powell’s comments later. The advent of $90 bln in coupon supply also weighed a bit. The FOMC minutes warned that an “unwarranted easing in financial conditions” would complicate the Fed’s efforts to bring down inflation, and the big rally in bonds and stocks in recent sessions is not what the FOMC wants to…
One of the main key questions traders have to answer when trading the forex market is where and when to take their trades. Traders may easily identify which direction to take their trades. However, many would still find themselves in a losing position even though price generally moved in the direction of their trade. On the other hand, traders who not only knows the direction to take, but also where in the chart they should consider making a trade are the ones who are able to enter the market at the right time and at a better price. Supply and…
German DAX futures -0.7%UK FTSE futures -0.5%US stocks began yesterday with a more optimistic note but fell off after, so we’re seeing some element of catching up from Europe today as well. S&P 500 futures are also looking more cautious, down 7 points, or 0.2%, at the moment. There is little change among major currencies still, as market players eye remarks from Fed chair Powell later today.ADVERTISEMENT – CONTINUE READING BELOW Source link
European Economic Affairs Commissioner Paolo Gentiloni said in an interview with the Italian newspaper Il Sole 24 Ore on Tuesday, he expects Eurozone GDP contraction around the start of this year may be less deep than was expected in November. “The 0.3% forecast still seemed quite solid but various factors suggested the contraction expected in the fourth quarter of 2022 and the first quarter of this year would not be so sharp as had been expected,” Gentiloni noted. Market reaction At the time of writing, EUR/USD is trading at 1.0730, modestly flat on the day. Source link