Author: FX

USDCHF trades at lowest level since March 2022The USDCHF has continued its run to the downside today, and in the process has moved below a swing area on the daily chart between 0.9194 and 0.9211. The pair is trading at the lowest level since March 2022. Looking at the daily chart above, the next target would be the swing low going back to February 21 and March 1, 2022. Those levels come in at 0.91465. Move below that level, and a swing area between 0.90810 and 0.91014 would be the next target area.For most of December 2022 and into this…

Gold price holds onto recent gains as the rally in Wall Street continues. A weaker US Dollar offers support to XAU/USD that continues to look at $1,880. Strong demand for Treasury bonds as market participants await a less hawkish Fed. Gold prices are holding up and near the $1,880 area on Monday, supported by another slide of the US Dollar across the board, amid risk appetite and lower US Treasury bond yields. Technical bias points to further gains for the yellow metal. US Dollar drops to lowest in months The US Dollar, measured by the DXY is trading at the…

Zillow stock surges after getting double-upgrade at BofA to Buy Source link

US Dollar Talking Points:The US Dollar started the year with a subtle show of strength but that was soundly rebuked on Friday after the release of PMI numbers.The big US driver for this week is CPI which is set to be released on Thursday. Markets are looking for a move down to 6.5% for headline CPI and 5.7% for Core CPI, from prior reads of 7.1% and 6%, respectively.Last month’s inflation came out well-below expectations, but still triggered a strong sell-off in stocks that continued through the FOMC rate decision taking place a day later.The analysis contained in article relies…

© Reuters. FILE PHOTO: A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021. REUTERS/Carlos Osorio By Granth Vanaik (Reuters) -Lululemon Athletica Inc said on Monday it expects holiday-quarter gross margins to decline as the apparel maker grapples with increased costs amid a drop in consumer spending due to stubbornly high inflation. The yoga pant maker’s shares fell about 10% to $296.40 in premarket trading. A sharp rise in inventory levels has forced several retailers to offer discounts and mark down prices to clear excess stock, a move that has dented margins…

<ul><li>Prior was -1.4% (revised to -5.3%)</li><li>Residential +13.7% vs -10.3% prior</li><li>Nonresidential +14.9% vs +5.5% prior</li></ul><p>The value of building permits in November rose 14.1% to $11.0 billion after two months of declines.</p> This article was written by Adam Button at www.forexlive.com. Source link

GBP/USD retests mid-1.21s. Economists at Scotiabank expect the pair to extend its advance toward the mid/upper 1.22s. Dip under 1.2080/75 to open up a retest of 1.1950/00 “A strong close on the session Friday (bullish outside range) and a close back above the 200-day MA (1.2014) are clearly GBP positive from a technical point of view.”  “Spot is struggling a little to extend through the mid-1.21s, which may be an early warning that gains may not stick but the basic set-up for the Pound is positive and favours near-term gains to the mid/upper 1.22s at least.”  “Support is 1.2075/80; weakness…

Demo trading is part of the process of becoming a consistently profitable forex trader. It’s there to help us become the traders we want to be without risking a dime. It’s there to help practice proper discipline and strict risk management rules. Most importantly, demo trading helps provide the needed experience in different market environments for each trader to find his trading niche. But how do you know when you’re ready to let go of the training wheels and start trading with real money? Here’s a nice little trading experience checklist, where your answer to each question MUST be an unequivocal, resounding,…

“The fourth quarter of 2022 was another record quarter for Akoya, demonstrating our continued business momentum and commercial execution. In 2022, we delivered strong financial performance and saw growing adoption of our spatial biology platforms across the discovery, translational, and clinical markets,” said Brian McKelligon, Chief Executive Officer. Source link

GBP/USD – Prices, Charts, and AnalysisUS ISM data suggest the US economy is contracting.GBP/USD rallies but Sterling is not the driver of the move. Recommended by Nick Cawley Download our brand new Q1 GBP guide Economic activity in the services sector contracted in December for the first time since May 2020, according to the Institute for Supply Management, suggesting that recessionary pressures are building in the US. The report, released last Friday, showed the headline figure fall to 49.6 from a prior 56.5, while business activity fell by 10 points to 54.7. The numbers suggest the US economy is heading…