Author: FX
Share: The index adds to Monday’s gains and approaches 101.50. Fed’s report warned that an economic slowdown is not ruled out. NFIB Index, IBD/TIPP Index, Fedspeak next on tap in the docket. The greenback, in terms of the USD Index (DXY), extends the optimism seen at the beginning of the week and revisits the 101.50 region on Tuesday. USD Index looks bid ahead of US CPI The index keeps the upbeat mood well in place in the first half of the week and hovers around the mid-101.00s ahead of the opening bell in the old continent on turnaround…
AUD/CHF might be done with its slide, as the pair is forming a double bottom that looks ready to play out. Do you think we’ll see a big rally soon? Better keep your eyes on these levels if you’re hoping to catch a break higher! AUD/CHF 4-hour Forex Chart by TV As you can see from the chart above, this forex pair made a couple of failed attempts to break below the .5875 area. AUD/CHF is now testing the resistance just slightly above the .6000 major psychological mark, and a break above this neckline would confirm that a rally is…
The BOE decision is coming up this week! Will they hike interest rates again as expected? Here’s what you can expect for the event and how you might be able to make pips from it. Event in Focus: Bank of England Monetary Policy Statement When Will it Be Released: May 11, Thursday: 11:00 am GMT Use our Forex Market Hours tool to convert GMT to your local time zone. Expectations: BOE to hike interest rates by 0.25% from 4.25% to 4.50% No changes to asset purchases expected Market players are counting on another 0.25% interest rate hike from the folks…
dan_prat/iStock Unreleased via Getty Images Suncor Energy (NYSE:SU) reported Monday that Q1 adjusted operating earnings fell to C$1.81B, or C$1.36/share, from C$2.75B, or C$1.92/share, in the prior-year quarter, but ahead of the C$1.32/share analyst consensus estimate. The company said the drop in earnings was primarily due to lower crude oil realizations, increased operating expenses, lower upstream production and refinery throughput, and weaker crude oil prices. Suncor’s (SU) Q1 total upstream production fell to 742.1K boe/day from 766.1K boe/day a year earlier due to unplanned maintenance during the quarter. Q1 E&P production slipped to 67K boe/day from 80.4K boe/day a year…
Gold, XAU/USD, FOMC, Fed, US Dollar, Crude Oil, WTI, Yields – Talking PointsThe gold price appears to be fortifying its position above US$ 2,000 for nowTreasury yields crude oil prices have displayed an inverse relationship with the metalUS CPI on Wednesday might provide hints on Fed policy. Will it drive XAU/USD? Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter Gold consolidated around the US$ 2,020 handle going into Tuesday’s trading session after dipping last Friday as sways in risk sentiment appear to be driving the pricing…
4/4 © Reuters. A fire burns in a building after the Israeli military struck Islamic Jihad targets, it said in a statement, in Gaza, May 9, 2023. REUTERS/Mohammed Salem 2/4 GAZA (Reuters) -Israel killed three senior Islamic Jihad commanders in Gaza air strikes, Palestinian officials said, as the Israeli military confirmed it was carrying out an operation against the group before dawn on Tuesday. Medics said at least six Palestinians were killed in the air strikes, three of whom were civilians, and several more were wounded. The Israeli military said it targeted three senior commanders of the Islamic Jihad, the…
Dour data out of Japan from March 2023.Get paid less, spend less, right?Anyway:—Still to come from Japan today:USD/JPY little changed on the data release ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link
Share: AUD/USD bears are in the market and eye a test of trendline support. Bulls committing at the current market structure. The Australian Dollars has been buoyant at the start of the week as the US Dollar continued its retreat amid bets that US interest rates might have peaked, This has seen the price action move deeper into resistance as the following will illustrate: The 4-hour chart shows the price on the front side of the bullish trend with a structure located at around 0.6780. The hourly charts show the price meeting support with resistance near 0.6790. If the resistance…
Primaris Real Estate Investment Trust declares $0.0683 dividend Source link
GOLD PRICES TECHNICAL ANALYSISGold sold off on Friday, but bulls managed to fend off an attack on the psychological $2,000 level, allowing prices to establish a base and rally on Monday, a sign that the path of least resistance remains to the upside, with precious metals benefiting from the view that the Fed’s peak rate has been reached.If XAU/USD remains on its bullish trajectory, the first barrier to watch appears at the $2,050 mark, followed by the 2023 highs just below $2,070. Successfully piloting above this technical hurdle could reinforce the upward impetus, paving the way for a move toward…