Author: FX

Missed the breakouts on EUR/GBP and USD/CHF? Both pairs still seem ready for quick pullbacks, so don’t miss ’em! EUR/GBP 4-hour Forex Chart by TradingView Reversal alert! EUR/GBP busted through the top of its descending channel visible on the 4-hour time frame, indicating that an uptrend is in the works. But before euro bulls take the pair any higher, a retest of the former resistance zone might take place. The Fibonacci retracement tool shows that area is spanned by the 38.2% to 50% levels where more buyers might be hanging out. Technical indicators are pointing to a continuation of the…

Gold, XAU/USD, Bond Yields, Hang Seng, ISM Data, Technical Analysis – Briefing:Gold prices roared higher to start off trading in the new yearTreasury yields falling amid Apple production woes helpedXAU/USD eyeing ISM data after Asia-Pacific trade optimism Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices aimed higher over the past 24 hours as financial markets settled into the new year. The anti-fiat yellow metal inversely tracked the 10-year Treasury yield. The latter fell 2.3 percent in the worst single day drop since the middle of December.The drop in bond rates matters for the non-yielding precious metal. Last…

© Reuters. FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, December 19, 2019. REUTERS/Kim Kyung-Hoon/File Photo/File Photo By Yoshifumi Takemoto TOKYO (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank would maintain its loose monetary policy in order to sustain inflation at its 2% target along with wage growth. Kuroda’s comments at a New Year gathering of the Japanese bankers’ association counter lingering market speculation the BOJ may join the world’s major central banks in tightening money supply to fight decade-high inflation. The world’s third-largest economy would grow…

Info comes via Finance Minister Liu Kun in an interview with China’s official Xinhua News Agency on Tuesday.China’s recovery is still not solidrisks include a contraction in demand and disruptions to supplysaid the government has to enhance transfer payments to less developed areas as well as increase fiscal spending and investment in more regions using the proceeds from issuance of special government bondssaid will prevent systemic risks from government debtrisks are controllableMore stimulus in China and perhaps:China COVID peak? augers well for Chinese stock markets and ‘China proxy’ trades such as the Australian dollar. ADVERTISEMENT – CONTINUE READING BELOW Source…

The USD/JPY recovery falters once again near 131.40 amid the return of full markets. The Yen gains on the Nikkei report and upbeat Japan’s final Manufacturing PMI. Negative Japanese stocks and US yields weigh on the pair ahead of key US events. USD/JPY is on the defensive below the 131.00 level, in what seems to be another volatile Asian trading session so far this Wednesday. The return of Japanese traders to their desks after a long New Year holiday combined with negative Japan indices and US Treasury yields add to the downside pressure on the pair. The Japanese yen regains strength…

EURUSD, S&P 500, VIX and Liquidity Talking Points:The Market Perspective: EURUSD Bearish Below 1.0550; USDJPY Bearish Below 132After weeks of falling into an ever-constricting range, EURUSD finally forced a break on a Dollar-driven dive through 1.0580The S&P 500 opened the new year with a -0.4 percent decline on an increase in volume and jump in the VIX – will we still fulfill the 1st week bullish average? Recommended by John Kicklighter Get Your Free Top Trading Opportunities Forecast Happy New Year. Most of the world’s largest markets are back online after extended holiday exchange breaks and observed periods of thin…

zimmytws SPAC Decarbonization Plus Acquisition Corp. IV (NASDAQ:DCRD) shareholders will vote on whether to approve its planned merger with Canadian oil and gas company Hammerhead Resources on Jan. 23. DCRD said that it expects the deal to close in February. The company had previously said it sees the combined company’s stock trading on Nasdaq under the symbol HHRS. Hammerhead and DCRD announced plans to merge in September, with the deal valuing Hammerhead at a pre-money enterprise value of C$1.4B. Based in Alberta, Hammerhead has an asset base of 111 net acres and 146 gross producing wells in the Alberta Montey…

bagi1998/iStock via Getty Images Nexa Resources (NYSE:NEXA) said late Tuesday it has temporarily suspended production at its Atacocha San Gerardo open pit mine in Peru after local protesters blocked road access to the mine. Nexa (NEXA) said there is no material impact on Atacocha’s zinc production to date, but it has limited activities to critical operations with a minimum workforce to ensure proper maintenance. The miner said it continues to comply with all existing agreements as it pursues an active dialogue with the community and authorities for a peaceful resolution. Nexa (NEXA) said Atacocha produces less than 3% of the…

5/5 © Reuters. Aerial view of a road blocked by demonstrators as protests following the arrest of Santa Cruz governor and right-wing opposition leader Luis Fernando Camacho over an alleged coup in 2019 continue, in Pailon, near Santa Cruz de la Sierra, Bolivia, January 2/5 By Agustin Marcarian PAILON, Bolivia (Reuters) – Hundreds of trucks lined highways in Bolivia’s farming region of Santa Cruz on Tuesday, as protesters blockaded routes out of the region following the arrest of the local governor, and hard-hit local businesses urged a return to order. Protests have gripped the lowland region since the Dec. 28…

Reuters have the report.A former chief financial officer of multiple special purpose acquisition companies (SPACs) has pleaded guilty to embezzling more than $5 million from them, and losing almost all of it trading meme stocks and cryptocurrencies. Cooper Morgenthau pleaded guilty to one count of wire fraudfaces a possible prison sentence of about six to 7-1/4 yearsMost of his losses, says the story, came from crypto trading, although he managed to lose a chunk of cash the good old-fashioned way, by trading stocks. —-Speaking of crypto, Bitcoin update. Very stable!ADVERTISEMENT – CONTINUE READING BELOW Source link