Author: FX

© Reuters. FILE PHOTO: Emergency crews work to clean up the largest U.S. crude oil spill in nearly a decade, following the leak at the Keystone pipeline operated by TC Energy in rural Washington County, Kansas, U.S., December 9, 2022. REUTERS/Drone Base/File Photo By Rod Nickel and Mrinalika Roy (Reuters) -The oil spilled from TC Energy (NYSE:) Corp’s ruptured Keystone pipeline was diluted bitumen, the U.S. Environmental Protection Agency (EPA) said on Thursday, adding complications to the cleanup. The 622,000 barrels per day (bpd) pipeline was shut last week after it spilled 14,000 barrels of oil in rural Kansas, including…

I can’t believe this is real, it’s like beating the dead NFT horse with a shameless grift. Somehow DWAC is still trading above $20 after hyping some kind of big event and delivering this, which is somehow an endorsement that the world is filled with rubes. What’s next Donald Trump beanie babies?Fed should have raised 500 bps yesterday pic.twitter.com/4VUwsSygNp— Ramp Capital (@RampCapitalLLC) December 15, 2022 What’s particularly sad here is that a year or two ago, these might have sold for $10,000.I’d say this is the end of Trump’s chances of ever returning to the White House but you can…

WTI bears are moving in again after a breach of resistance. $75.70 structure is important on the hourly chart.  As per the prior analysis, WTI Price Analysis: Bulls attempt to take on the daily trendline resistance, West Texas Intermediate WTI crude oil that climbed into resistance earlier this week on the back of restrictions on the flow between Canadian and the United States, has seen bears move in at critical resistance: WTI prior analysis Bulls met key resistance and continue to struggle towards the closing sessions for the week. On the lower time frames, it was explained that a break of resistance opened the risk of a move…

Introduction to the Value Charts Indicator The Value Charts Indicator was developed by David Stendahl to help traders identify mean reversal signals from extreme price levels. It is based on the concept explained on the book “Dynamic Trading Indicators: Winning with Value Charts and Price Action Profile” by Mark Helweg and David Stendahl. What is the Value Charts Indicator? The Value Charts Indicator is an oscillator type of technical indicator which indicates the direction of momentum, as well as overbought and oversold price levels. This indicator plots bars that oscillate within a range that has a normal value between -8.00…

The Pound Sterling losses ground against the US Dollar even though the Bank of England lifted rates by 0.50%. US Retail Sales for November disappointed, though they showed the effects of the Federal Reserve policy. GBP/USD: The dip towards the confluence of the 20/200-DMAs, could pave the way for a re-test of 1.2400 The Pound Sterling (GBP) failed to gain traction amidst a Bank of England (BoE) 50 bps rate hike, though risk aversion maintains the US Dollar (USD) bid, after hitting six-month lows around 103.448, per the US Dollar Index (DXY). Mixed economic data released by the United States…

GOTU, BLBD and RENT are among consumer movers Source link

British Pound Talking Points: Recommended by James Stanley Get Your Free GBP Forecast It’s been a strong Q4 for the British Pound, and if you could go back to the beginning of the quarter, that probably would’ve been a difficult fact to come to grips with. It was in late-September when the currency put in a collapse-like move after Liz Truss came under fire. Her tenure didn’t last long and British Pound weakness dried up as she was hitting the exits.And then for most of the next two and a half months, GBP/USD rallied, eventually re-claiming the 1.2000 psychological level…

The ECBs Lagarde along with the ECB were more hawkish on inflation saying that rates would need to rise significantly. That has sent European yields higher, stocks lower and the EURUSD higher. The Fed’s more hawkish stance meanwhile has the USDJPY moving higher and the GBPUSD lower. Things are moving. ADVERTISEMENT – CONTINUE READING BELOW Source link

The US Dollar has remained at stronger levels following the Fed’s hawkish policy update. However, the Fed is unlikely on its own to reverse the bearish tend, economists at MUFG Bank report. Fed to step down the pace of hikes again to 25 bps in February “The Fed’s hawkish policy update will provide more support for the US Dollar in the near-term as it serves as a reminder to market participants not to get too carried away in pricing in bigger dovish pivot from the Fed. However, it is unlikely on its own to reverse the bearish tend that has…

The FOMC, ECB, BoE, SNB and Norges Bank are out of the way, leaving the markets digesting the tightening announcements as we move to the year’s end. The SNB, ECB and BoE all delivered a 50 bp rate hike as expected, with the Norges Bank being the exception of the week hiking policy rate by 25 bp. ECB left the deposit rate at 2.00% and the main refi rate at 2.50%. The statement stresses that rates still have to rise significantly at a steady pace, and the ECB will stop the reinvestment of some bonds maturing under the APP program with…