Author: FX
GBP/USD Price, Chart and Analysis: Recommended by Zain Vawda Get Your Free GBP Forecast Most Read: US Dollar Soars as Rosy ADP Report Shapes High Expectations for NFPs NextGBP/USD FUNDAMENTAL BACKDROPCable is facing a host of technical headwinds as it looks to recover yesterday’s losses against the greenback. The dollar continued its advance in early European trade pushing GBP/USD below the 1.1900 handle.The dollar index has finally broken out of the wedge pattern that was in play since November 14 with yesterday’s rosy ADP data providing the catalyst. Today brings the NFP report which could further strengthen the dollar resulting…
Silver regains some positive traction and snaps a three-day losing streak to a two-week low. The technical setup favours support prospects for the emergence of selling at higher levels. Any subsequent move up might still be seen as a selling opportunity and fizzle out quickly. Silver attracts some buying on Friday and reverses a part of the previous day’s losses to the $23.00 neighbourhood, or a two-week low. The white metal sticks to intraday gains, just below mid-$23.00s through the first half of the European session and for now, seems to have stalled this week’s pullback from over an eight-month…
EU Inflation (HICP) Prints Another Lower FigureEU headline inflation (estimate) drops from 10.1% to 9.2% YoYCore inflation rises from 5% to 5.2% YoY suggesting widespread price pressures remainLatvia retains the prize for hottest inflation (20.7%) while Spain has the lowest rate (5.6%) Recommended by Richard Snow Find out what our analysts foresee for Euro in Q1 ’23 Customize and filter live economic data via our DailyFX economic calendarMassive Drop in Energy Prices Helps Cool Euro Inflation – Widespread Price Pressures RemainUnsurprisingly, drastically lower energy prices in the eurozone have helped ease the headline measure of inflation where there has been…
Alvotech, Teva get FDA review for biosimilar to J&J's Stelara Source link
© Reuters. FILE PHOTO: Soccer Football – World Cup – UEFA Qualifiers – Italy Training – Windsor Park, Belfast, Northern Ireland – November 14, 2021 Italy chief delegate Gianluca Vialli during training Action Images via Reuters/Jason Cairnduff MILAN (Reuters) – Former Italian soccer star Gianluca Vialli has died from cancer at the age of 58, Italian news agency ANSA said on Friday. Vialli, who enjoyed a stellar career with Sampdoria, Juventus and Chelsea and earned 59 caps for Italy, was first diagnosed with pancreatic cancer in 2017. He was given the all-clear a year later only for the illness to…
Trading Leveraged Products is risky It was another “good news is bad news” trade with better-than-expected labor market reports boosting fears over a higher for longer stance from the FOMC. Hawkish Fedspeak added to the selloffs in stocks and bonds but supported the Dollar. Wall Street closed over -1.0% in the red and just off the day’s lows. Treasury yields spiked, led by the front end as the curve inverted further to -74.2 bps versus -67.2 bps Wednesday and the most since December 15. Tweaks in Fed policy outlooks remain a major driver for the…
AUD/USD ANALYSIS & TALKING POINTSU.S. data in focus for AUD/USD.Commodity prices providing sustenance for Aussie.Technical analysis points to hesitancy ahead of economic releases. Recommended by Warren Venketas GET AHEAD OF THE CURVE AND READ OUR AUD Q1 GUIDE AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROPThe pro-growth Australian dollar is enjoying some upbeat risk sentiment this morning after the U.S. ADP employment report yesterday showed an uptick in the labor market. The positivity for the AUD is quickly narrowing ahead of the European session open and may fall further should the upcoming Non-Farm Payrolls (NFP) print follow suit. Trade Smarter – Sign up for…
Eurostoxx +0.2%Germany DAX +0.3%France CAC 40 +0.3%UK FTSE +0.4%Spain IBEX +0.1%Looking at US futures, the mood is more tentative now as we get into the start of the session. S&P 500 futures are up just 1.5 points, or 0.04%, as market participants are likely to be more pensive awaiting the US non-farm payrolls later today.ADVERTISEMENT – CONTINUE READING BELOW Source link
According to preliminary readings from CME Group for gold futures markets, open interest dropped by nearly 3K contracts on Thursday after four consecutive daily builds. In the same line, volume shrank for the second session in a row, this time by around 4.6K contracts. Gold could revisit recent peaks around $1865 Gold prices retreated sharply on Thursday on the back of shrinking open interest and volume, which is supportive that a deeper pullback appears out of favour in the very near term. The resumption of the upside momentum is expected to retarget recent highs at $1865 per ounce troy. Source…
The U.S. NFP report will be out in a few hours! Will the release drag USD/JPY down from a key technical zone? Take a look at where it’s at on the 1-hour time frame! USD/JPY 1-Hour Forex Chart by TradingView I don’t know if you’ve read yesterday’s U.S. NFP trading guide but market geeks expect today’s release to show some slowdown in hiring AND in wage growth in December. If yesterday’s stock and bond market moves are any clues though, investors are still pricing in higher interest rates and maybe a longer period of high interest rates from the Fed.…