Author: FX
CME Group’s flash data for crude oil futures markets noted traders extended the uptrend in their open interest positions and added around 13.2K contra Source link
Trading Leveraged Products is risky Treasury and Wall Street soared on the heels of the NFP data where the net effect is a tempering in Fed rate hike expectations. The markets are cheering the cooling in wage growth and a softer but still resilient labor market. The erosion in the service sector is a bit ominous but adds to the belief that the FOMC will soften its stance with a 25-50 bp hike on February 1 following the 50 bp tightening in December. The jump in the workforce and easing wage growth & further signs of an economy slowing down with…
CymaBay join hands with Kaken to develop, commercialize Seladelpar Source link
Is the U.S. dollar done falling against its major counterparts? The U.S. Dollar Index (DXY) is pointing to a ranging environment! Check out what the 4-hour chart is telling us: US Dollar Index (DXY): 4-hour US Dollar Index (DXY) 4-hour Forex Chart by TradingView If you’re looking to trade USD pairs this week, you should know that the dollar might gain a pip or two (or a hundred) against its major counterparts this week. Or not. It could depend on the overall market environment. As far as technicals are concerned, the dollar is approaching a major support level on the…
5/5 © Reuters. Supporters of Brazil’s far-right former President Jair Bolsonaro who dispute the election of leftist President Luiz Inacio Lula da Silva gather near Brazil’s Congress after protesters had invaded the building as well as the presidential palace and Supreme 2/5 By Anthony Boadle BRASILIA (Reuters) – Brazil’s Supreme Court late on Sunday removed the governor of Brasilia from office for 90 days due to flaws in security in the capital, after thousands of backers of far-right former president Jair Bolsonaro ransacked government buildings. Supreme Court Justice Alexandre de Moraes also ordered social media platforms Facebook (NASDAQ:), Twitter and…
Let’s start the week off with a look at these swing setups on AUD/CHF, CAD/JPY, and silver. Better keep these long-term levels on your radar! AUD/CHF Daily Forex Chart by TradingView First up is this freshly-formed double bottom pattern on AUD/CHF! Will we see a breakout and reversal soon? If the pair is able to bust through the neckline at the .6400 major psychological barrier, we just might see a rally that’s the same height as the chart formation. That’d be roughly 200 pips yo! Technical indicators aren’t so sure about a bullish run, though. The 100 SMA is still…
In case you missed the action on Friday:The non-farm payrolls report solidified the narrative that the labour market remains strong and hopes for a soft landing was boosted. The initial reaction was mixed and volatile, with the dollar easing before catching a round of bids as some hints of risk aversion kicked in.In some sense, the report sort of vindicates the Fed’s outlook to keep tightening further. Equities slumped as well afterwards but all of that changed once the ISM services report came out, which underwhelmed strongly. After all, labour market data is a lagging indicator.The bond market was strongly…
A cheerful market mood has strengthened the Australian Dollar. North-side sloping 20-and 50-EMAs add to the upside filters. The RSI (14) has shifted into the bullish range of 60.00-80.00, which indicates that bullish momentum is active now. The AUD/USD pair is displaying a sideways auction around the immediate hurdle of 0.6930 in the Asian session. The Aussie asset is expected to continue its upside journey amid sheer volatility in the US Dollar Index (DXY). The USD Index has dropped below 103.25, at the time of writing, and is expected to refresh its six-month low below the critical support of 103.00…
© Reuters. FILE PHOTO: A China Eastern Airlines aircraft and Shanghai Airlines aircraft are seen in Hongqiao International Airport in Shanghai, following the coronavirus disease (COVID-19) outbreak, China June 4, 2020. REUTERS/Aly Song By Jamie Freed and Sophie Yu SYDNEY/BEIJING (Reuters) – Airlines have boosted January international seat capacity to and from China by 9.5% over the last week as they ramp up flights after its border opening, according to aviation data provider Cirium, though flights remain at a fraction of pre-pandemic levels. Hong Kong’s Cathay Pacific Airways (OTC:) Ltd added more than 52,000 seats as its border with the…
Lintao Zhang Alibaba (NYSE:BABA) rose some 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group, whose planned 2020 IPO fell apart when Ma’s criticism of Chinese regulators got both companies in hot water. BABA rose as much as 8.3% to 110 Hong Kong dollars ($14.09) before pulling back to 109.6 Hong Kong dollars ($14.04) as of about 11:30 p.m. ET Sunday on news of Ant’s ownership restructuring. BABA’s U.S. shares, which are each worth eight Hong Kong ones, closed Friday in New York at $107.40. The Hong Kong rally implies Alibaba’s U.S. shares…