Author: FX
NZD/USD is taking out a key level and printing fresh lows within a bearish schematic. should the bulls move in now, then there will be prospects of a restest of prior structures near 0.6355 and 0.6375 above. NZD/USD has been chipping away at the downside in Asia, sliding to a fresh session low at the time of writing, down 0.35% on the day so far after dropping from a high of 0.6365. The US Dollar has been struggling to break higher which had been giving the commodity complex some room to breathe but the tables are turning. The greenback came under pressure…
S&P 500, Event Risk, BOJ Decision, GBPUSD and USDJPY Talking Points:The Market Perspective: USDJPY Range Below 138 and Bearish Below 133.50; EURUSD Bearish Below 1.0550; GBPUSD Bearish Below 1.2100The fundamental drums eased heading into the new trading week, but the S&P 500 extended its slide from last week to stretch from the 20-day moving average while coming into technical supportA number of Dollar crosses are on the verge of short-term bearish reversals (against the Greenback), but will the market trigger the breaks – much less find follow through? Recommended by John Kicklighter Building Confidence in Trading We have stumbled into…
© Reuters. FILE PHOTO: Former film producer Harvey Weinstein appears in court at the Clara Shortridge Foltz Criminal Justice Center in Los Angeles, California, USA, 04 October 2022. Harvey Weinstein was extradited from New York to Los Angeles to face sex-related cha By Lisa Richwine and Tim Reid LOS ANGELES (Reuters) – Former movie producer Harvey Weinstein was found guilty of rape in a trial in Los Angeles on Monday, the second conviction for the one-time Hollywood kingmaker who became the face of #MeToo sexual abuse allegations five years ago, according to the Los Angeles Superior Court. The jury found…
JimVallee Wells Fargo said that it sees central banks moving to support growth by end of 2023 in order to avoid a deep or prolonged recession. The bank said in a recent note that interests rates will likely rise into early 2023, but tightening cycles should end as inflation abates, although core inflation may remain elevated. It sees certain G10 central banks easing their monetary policies by the end of 2023, with some in emerging economies starting earlier. Additional rate hikes by the Federal Reserve and European Central Bank will stoke volatility in the financial markets, which should boost the…
Ongoing concerns about the Federal Reserve and the state of the economy continued to weigh on the major U.S. equity indices on Monday. Stocks recorded their fourth consecutive day of declines. The Nasdaq led the retreat with a slide of 1.5%. Cannabis stocks were among the standout decliners on the day. An adverse development in Washington prompted selling in names like Cresco Labs (OTCQX:CRLBF), Trulieve Cannabis (OTCQX:TCNNF), Green Thumb Industries (OTCQX:GTBIF), Curaleaf Holdings (OTCPK:CURLF), Columbia Care (OTCQX:CCHWF), Tilray Brands (TLRY) and Canopy Growth (CGC). Broad weakness among tech heavyweights contributed to Wall Street’s downdraft. This included another retreat by Amazon…
ANZ-Roy Morgan Australia Consumer Confidence data, a weekly survey.ANZ remarks:ANZ-Roy Morgan Australian Consumer Confidence declined by 0.4pts to 82.5, ending 2022 almost 30pts below the long-term average. In 2023, we’ll be watching how confidence responds to the combination of falling inflation and rising wage growth.ADVERTISEMENT – CONTINUE READING BELOW Source link
#FedEx, Weekly Transport giant #FedEx is expected to release its fiscal second quarter 2023 results on Tuesday (20/12), after market close. The company previously announced cost-cutting measures including plans to lay off workers and fly planes during the holiday season. The earnings call to be released will be the second call led by Raj Subramaniam since his appointment as CEO in March. It will be the first since FedEx announced plans in September to cut costs by between $2.2 billion and $2.7 billion this fiscal year following a disappointing first-quarter earnings report. The company’s last quarterly results report was released…
EUR/USD bears are a test of 1.0580which opens the risk of a continuation towards 1.0500 at the extreme. Bulls need to get above 1.0650 for a run into the 1.07s. As per the prior analysis, EUR/USD Price Analysis: Bulls under pressure as bears test commitments at 1.0600, and, EUR/USD Price Analysis: Bulls move and seek a test of key H4 resistance structure, the bulls have been testing the M-formation’s resistance area and struggle to get past, meeting a counter trendline. Failures to break higher at this juncture expose the broader bullish trendline and various horizontal support structures along the way as the following will illustrate.…
vandervliet93/iStock Editorial via Getty Images FedEx Corporation (NYSE:FDX) is due to post its fiscal second quarter earnings after the bell on Tuesday. Shares of the Memphis-based transportation company have plunged over 30% in 2022, due in no small part to disappointing earnings results. For example, its September pre-announcement sent shares spiraling downward as analysts called out a “massive miss” on expectations. Annual earnings estimates have been slashed on the Street since that point. For the quarter due to be reported on Tuesday, the reined in estimates reflect a consensus of $2.83 in earnings per share and $23.72B in revenue. In…
Thanks to last week’s hawkish Fed meeting, U.S. equities markets like the Nasdaq 100 are back in the longer-term downtrend that’s dominated this year. Will recent swing lows be retested and break? Or will they hold and draw in fresh buyers? Nasdaq 100 (NAS100) Daily Chart This week we’re revisiting a watchlist post we made back in November, highlighting a potential area of interest in the Nasdaq 100 after a lower-than-expected U.S. CPI number had boosted the market higher. We noted that NAS100 was nearing the 12,000 major psychological handle, the 100 SMA, and the 50% Fibonacci retracement area from…