Author: FX
DAX (Germany 40) AnalysisECB’s bank lending survey reveals signs of concern in the credit marketDAX technical levels of interest – prices remain elevated but waning volatility and momentum hint at a propensity for sideways trading to comeThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow Find out what our analysts foresee in Q2 ECB’s Bank Lending Survey Reveals Signs of Concern in the Credit MarketAhead of the ECB’s interest rate decision last week, updated credit data revealed not only a reduction…
BlackRock MuniYield declares $0.0365 dividend Source link
The major US stock indices are opening lower with the NASDAQ index leading the way at -0.5%.A snapshot of the market currently shows:Dow industrial average -105.38 points or -0.31% at 33513.32S&P index -19.20 points or -0.46% at 4118.93NASDAQ index -58.87 points or -0.48% at 12198.05Yesterday, the Dow industrial average fell modestly while the S&P was near unchanged and the NASDAQ index rose modestly.The regional bank ETF (KRE) is trading down -1.14%. Pacific West is trading down -8.04% in early trading and Western Alliance Bancorp is trading down -6.84%.PayPal shares are down -9.67% after their earnings and guidance disappointed. Skyworks Solutions…
Share: EUR/USD remains on the defensive so far this week. There is a tough resistance area near the 1.1100 mark. EUR/USD faces increased selling pressure and breaks below the key support at 1.1000 the figure on Tuesday. The inability of the pair to challenge/surpass the so far 2023 high at 1.1095 (April 26) carries the potential to spark a deeper corrective decline in the short-term horizon with the immediate targets at the monthly low at 1.0941 (may 2) and the weekly low at 1.0909 (April 17). Looking at the longer run, the constructive view remains unchanged while above…
Hexagon Purus ASA reports Q1 results Source link
Gold Price Analysis, Prices, and ChartsUS rate expectations still suggest 75bps of cuts this year.Gold holds support and pushes higher. Recommended by Nick Cawley Get Your Free Gold Forecast Last week’s US Jobs Report showed the US unemployment rate falling to 3.4%, matching a five-decade low, while workers’ wages grew further, underlying the strength of the US labor market. Friday’s NFP report gave the US dollar a short-term nudge higher as traders reassessed their US interest rate predictions, but this move subsequently reversed as traders went back to pricing in a series of rate cuts for this year and next.…
© Reuters. FILE PHOTO: Cars drive on the road during the morning rush hour in Beijing, China, July 2, 2019. REUTERS/Jason Lee/File Photo BEIJING/SHANGHAI (Reuters) – China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect of price cuts and incentives faded. Car sales in April totalled 1.65 million units, 54.5% higher from a year earlier when COVID-19 lockdowns disrupted productions and sales, the China Passenger Car Association (CPCA) said on Tuesday. In the first four months of 2023, vehicle sales were down 1.4%…
The U.S. dollar index is testing the top of a short-term range ahead of the U.S. CPI release! Will the Greenback stick to its range? Or will we see a breakout today? Before moving on, ICYMI, yesterday’s watchlist checked out AUD/JPY’s short-term resistance levels after a risk-friendly trading day. Be sure to check out if it’s still a good play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: Fed’s quarterly Senior Loan Officer Opinion survey noted the respondents’ expectations of tighter credit conditions, lower customer demand, and a…
FULL STORYOil prices fell on Tuesday, relinquishing some of the strong gains of the previous two sessions with the market cautious ahead of U.S. inflation figures for April, which will be key to the Federal Reserve’s next interest rate decision.Both contracts had settled up more than 2% in the previous trading session.Supporting oil prices, the Canadian province of Alberta declared a state of emergency over the weekend in response to wildfires that have displaced nearly 30,000 people and prompted energy producers to shut in at least 280,000 barrels of oil equivalent per day, more than 3% of Canada’s output. Source…
The yen is kicking pip butts today! Forex price action has been relatively muted in the last trading sessions as traders wait for closely watched reports like the U.S. CPI and BOE’s policy decision. The Canadian dollar has lost some pips, however, thanks to a bit of profit-taking and crude oil slipping again. Meanwhile, the Japanese yen is gaining ground after BOJ Governor Ueda shared that he plans to scrap the central bank’s Yield Curve Control (YCC) program as soon as the members see sustained signs of inflation hitting their targets. CAD/JPY 15-min Forex Chart by TV CAD/JPY is trading…