Author: FX
Healthcare Trust 7.125% PFD SER B declares $0.4453 dividend Source link
Asian markets are much calmer today after another wild and volatile week, but bank angst and recession risk continue to linger. JPY is underperforming peers to start the week. US Stocks eked out gains on Friday, the USD recovered & Treasury yields fell across the curve, with all trading under 4%. Deutsche & Commerzbank lost -8.53% and -5.54% respectively. European and US FUTS are currently higher. First Citizens Bank will buy SVB from the FDIC, the Head of the IMF warns that global financial stability is at risk from banking turmoil, and the head of the…
Looking for breakout setups to explore this week? Intel is about to test a range resistance, GALA is in a tight triangle pattern, and EUR/AUD looks ready for a reversal. Check them out! EUR/AUD 4-hour Forex Chart by TradingView Last week’s events took EUR/AUD to the 1.6200 – 1.6250 area, which lines up with a high from earlier this month. What makes the pair interesting today is that it’s forming a possible Head and Shoulders pattern near the previous resistance area. Are we looking at a reversal in the making? Consistent trading below 1.6200 opens EUR/AUD up to a trip…
As bond yields have been hit heavily by a dual combination of safety bets amid the banking turmoil and market players pricing in a less aggressive Fed, that has helped to put a bid under the yen over the last few weeks. The supposedly more dovish rate hike by the Fed last week also isn’t helping and we saw USD/JPY come down to test the 130.00 mark on Friday.For now, the figure level is holding but that arguably owes to traders also drawing a key line in the sand in the bond market as noted here.At this point in time,…
Quite a lot of news broke last week, much of which influenced the value of the Forex pair EUR/CHF, such as the European Central Bank’s (ECB) monetary policy decision, the Credit Suisse saga, as well as worries about the strength of the global financial system. Rising interest rates around the world have indeed increased borrowing costs, which have led to unprecedented bank collapses and bank runs, as the recent news has shown regarding Silicon Valley Bank, Silvergate, Signature Bank, First Republic Bank in the United States, and Credit Suisse in Switzerland. And things are far from over this week, with…
Price Pattern Trading is a basic technical trading strategy which many seasoned traders use. However, identifying such patterns is often quite daunting for newer traders, especially because identifying these patterns is often very subjective. It requires skill and experience to effectively identify these patterns with high accuracy. The strategy which is about to be discussed below provides a simplified method for trading two of the most popular reversal price patterns. Double Top and Double Bottom Reversal Trading Pattern Double Tops and Double Bottoms are two of the most popular trading patterns that many traders use. These two patterns are high…
Share: AUD/USD licks its wounds after posting weekly loss, as well as confirming bearish chart formation. Downbeat oscillators, key SMAs also challenge Aussie pair buyers. Monthly low can act as intermediate halt during theoretical target surrounding October 2022 peak. AUD/USD buyers struggle to keep the reins around 0.6650 during Monday’s sluggish trading session, after a volatile week. In doing so, the Aussie pair licks its wounds after posting the weekly loss but lacks recovery momentum to extend the late Friday’s corrective bounce off a one-week low. It should be noted that the AUD/USD pair’s confirmation of a two-week-old…
Deutsche Bank, the largest bank in Germany ($20.51B in market cap as of March 2023), seems to be the next in the spotlight, following the recent bank turmoil. The bank’s shares suffered from massive selling for three consecutive weeks, and last closed at €8.5260, refreshing new lows since October 2022. In this month alone, as of its close last Friday, the Deutsche Bank share price has plunged nearly 40%, losing 1/5 of its market value. Concerns over the stability in the banking sector was the main factor triggering the sell-off. Despite the policy makers taking immediate rescue action and giving…
© Reuters. By Oliver Gray Investing.com – U.S. stock futures were trading higher during Sunday’s evening deals, after major benchmark averages capped a positive week amid ongoing banking turmoil as Federal Reserve policymakers Powell and Yellen attempted to assure investors that the U.S. banking system would remain stable. By 6:40pm ET (10:40pm GMT) and gained 0.4% apiece while added 0.5%. In the week ahead, market participants will be monitoring any developments in the failing banking sector, while , , , , and , as well as speeches from the Fed’s , and the FOMC’s will also be closely watched. During…
CytomX Q4 2022 Earnings Preview Source link