Author: FX

Cable is struggling to find a new direction after breaking a key resistance level. Which way will GBP/USD go? Check out this 4-hour chart! GBP/USD 4-hour Forex Chart by TradingView Cable has had a good couple of weeks, rising from its 1.1820 March lows to trade at its current 1.2490 levels. In fact, GBP/USD’s uptrend has taken the pair past the 1.2450 resistance that led to 600-pip downswings back in December and in early 2023. Now that GBP/USD has passed the resistance, is it ready to make new 2023 highs? April’s range is giving “not so fast” vibes. Watch the…

Share: GBP/USD is hovering near 1.2500, gathering strength for a decisive breakout. The USD Index has regained strength as investors are shifting their focus toward the Fed policy. GBP/USD is consolidating in a range of 1.2436-1.2500 amid the absence of a critical trigger. The GBP/USD pair is consolidating near the psychological resistance of 1.2500 in the Asian session. The Cable is gathering strength for a sustained breakout above 1.2500 after a few failed attempts. Rising expectations of more interest rate hikes from the Bank of England (BoE) to arrest double-digit stubborn inflation are fueling fresh blood into the…

NiseriN/iStock via Getty Images Exxon Mobil (NYSE:XOM) and its partners said Thursday they made a final investment decision to develop their fifth and most expensive project on Guyana’s offshore Stabroek block. The $12.7B Uaru project will produce ~250K bbl/day and cost 27% more than the previous project of equivalent size, reflecting rising costs. The companies said the project, targeted for a 2026 startup, will include up to 10 drill centers and 44 production and injection wells aimed at developing an estimated resource of more than 800M barrels of oil. Two FPSOs, the Liza Destiny and Liza Unity, are currently operating…

© Reuters. A view of private residential apartments and public housing estates in Singapore June 13, 2016. REUTERS/Edgar Su/File Photo (Corrects to restore dropped word in first paragraph) SINGAPORE (Reuters) – Singapore’s private property prices rose in the first quarter, official data showed on Friday, slightly higher than the flash estimate, reinforcing a months-long robust demand that has forced authorities to introduce tough new cooling measures. Singapore’s private residential property price index rose 3.3%% in the first quarter, compared with 3.2% in the flash estimates, and much higher than the 0.4% increase in the previous quarter. Rentals of private residential…

Lloyds Bank survey for its Business Barometer gauge of confidence hit 33% in March (prior 32%)11 month high and above its long-run average of 28measures the difference between respondents who felt more confident or less confident about their trading and economic prospectsThe survey also showed:wage growth hit a seven-month highhiring intentions up for the fifth month in a row, net balance up three points to 27%, the highest level since June of 2022 Source link

Share: EUR/JPY is set to finish the week with minimal gains of 0.18%. EUR/JPY Price Analysis: Trades sideways, with buyers unable to crack 148.00, which, once broken, could pave the way for further upside. The EUR/JPY prints back-to-back positive sessions but stays at around 147.62, almost unchanged, as Thursday’s price action formed a doji. Once the EUR/JPY reached a multi-year high at around 148.63, it was followed by a mean reversion move, ahead of the BoJ’s monetary policy decision, later in the day. At the time of writing, the EUR/JPY is trading at 147.64, gains 0.03%, as the…

AMAZON EARNINGS REPORTS KEY POINTS:Amazon’s earnings surprise to the upside, beating on both EPS and revenue expectationsShares of the tech company soar in extended trading following first-quarter resultsS&P 500 futures extend gains as the e-commerce giant delivers Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Nasdaq 100 Blasts Higher as Meta’s Earnings Boost Tech, Apple in Focus Next WeekAmazon’s shares soared as much as 10% at one point in extended trading after announcing better-than-expected quarterly results, sending S&P 500 futures slightly higher.On the details, the e-commerce company reported earnings per share of $0.31 on revenue of $127.4…

Atco Non-GAAP EPS of C$1.21, revenue of C$1.35B Source link

NASDAQ 100 OUTLOOK:Nasdaq 100 soars more than 2.0% as tech earnings boost sentimentMeta Platforms’ shares surge more than 14% after Q1 financial performance beats estimatesApple’s quarterly results will steal the limelight next week, with an upside surprise likely due to the strong U.S. consumer during the first three months of the year Recommended by Diego Colman Get Your Free Equities Forecast Most Read: Exploring Seasonality in Wall Street, Europe, and Asia-Pacific Stock MarketsThe Nasdaq 100 blasted higher on Thursday, rising for the second day in a row, bolstered by Meta Platform’s solid rally. Shares of the social networking company surged…

The USDCAD moved to a swing area target and 61.8 Retracement level this week and that area stalled the rise. In trading today, sellers have pushed lower but has run into support at the 100 hour MA. So buyer and sellers have defined the close support and resistance. Traders are waiting for the next shove outside one of those technical levels. Source link