Author: FX

© Reuters. By Ambar Warrick  Investing.com– Oil prices fell slightly on Wednesday after three sessions of stellar gains as data pointed to an unexpected build in U.S. inventories despite a major pipeline outage, while markets awaited more cues on monetary policy from the conclusion of a Federal Reserve meeting. Crude markets rallied sharply over the past three sessions as an outage in the Canada-U.S. Keystone Pipeline and softer-than-expected U.S. inflation data drove up hopes that supplies will tighten while economic conditions will improve and spur a recovery in demand. But released on Tuesday showed that U.S. oil inventories likely grew more…

<p>Info via Reuters headline, without further details at this stage. </p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link

Dow Jones, S&P 500, Nasdaq 100, US CPI, Yield Curve – Asia Pacific Market OpenDow Jones, S&P 500, Nasdaq 100 reverse CPI-induced rallyMarkets are seemingly looking beyond the Fed pivot alreadyShooting Star leaves Dow Jones vulnerable to a pullback next Recommended by Daniel Dubrovsky Forex for Beginners Asia-Pacific Market Briefing – Wall Street CPI Rally Reverses CourseThe Dow Jones, S&P 500 and Nasdaq 100 rejoiced today as November’s US CPI report crossed the wires. Across the board, the data surprised lower. Headline inflation clocked in at 7.1% y/y versus 7.3% anticipated. This is as the core gauge, which strips out…

JHVEPhoto/iStock Editorial via Getty Images Charter Communications (NASDAQ:CHTR) said it planned over $10B in capital expenditures in aggregate next year, part of a plan to upgrade its subscriber footprint with faster speeds and better mobile device coverage. New Chief Executive Officer Chris Winfrey – taking over for longtime chief Tom Rutledge – used Charter’s Tuesday evening Investor Day presentation to tout $5.5B in spending to upgrade the network for higher speeds for Charter customers. The company plans $5.5B in “network evolution” spending, the bulk of which will land in 2024 and 2025 – and after which it’s expecting most of…

NZD/USD struggles for clear directions at six-month high. Overbought RSI conditions, four-month-old horizontal resistance challenge bulls. Monthly support line, sustained trading beyond 200-DMA restrict bear’s entry. NZD/USD remains sidelined around 0.6460 during Wednesday’s Asian session, after retreating from a six-month high before a few hours. The quote rallied to the highest levels since June the previous day, and also posted the biggest daily gains in a fortnight, but failed to offer a daily closing beyond the key 0.6480 hurdle comprising tops marked in August, as well as during early December. The pullback move also took clues from the overbought RSI…

Introduction to the Smoothed Smart Money Pressure Oscillator Indicator Oscillators are typically developed to follow the movements of price action to help traders make sense of what the market is doing. This indicator was developed to show the money flow pressure derived from the price chart as an oscillator with a smoothed presentation of the trend. What is the Smoothed Smart Money Pressure Oscillator Indicator? The Smoothed Smart Money Pressure Oscillator Indicator is a trend following indicator which is based on the Smart Money Pressure Oscillator. It is a variation which plots smoother oscillations compared to the Smart Money Pressure…

FirstEnergy declares $0.39 dividend Source link

Crude Oil Talking Points:Oil prices are holding on to a second consecutive day of gains after support showed at a Fibonacci level on Friday.There’s a short-term falling wedge here and resistance is confluent with another Fibonacci level, opening the door for bullish reversal potential if buyers can push the theme.The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section. Recommended by James Stanley Get Your Free Oil Forecast WTI crude oil is holding on to a bounce so far this week, with a…

© Reuters. FILE PHOTO: U.S. Senator Joe Manchin (D-WV) speaks to reporters following the weekly Democratic caucus luncheon at the U.S. Capitol in Washington, D.C., U.S., November 29, 2022. REUTERS/Sarah Silbiger By David Shepardson (Reuters) – U.S. Senator Joe Manchin, a Democrat who chairs the chamber’s energy panel, asked the Treasury Department on Tuesday not to allow a commercial electric vehicle tax credit to be used for consumer leasing, rental cars or ridesharing vehicle sales, rejecting a broad interpretation of the credit. Reuters first reported last week the push by South Korea and some automakers that asked the Treasury Department…

The Dow has moved into negative territory giving up a 707.24 point gain.The indiex is down -24 points now or -0.07%The S&P was up 110.39 points at the high. The index is now up 14.6 points or 0.37%.The Nasdaq was up 427.9 points. It is currently up only 62 points or 0.56%.Easy come. Easy go. In the forex, the dollar selling has seen some slowing but the declines remain. EURUSD is testing its 38.2% retracement of the run up from the pre-release low at 1.05276. That 38.2% retracement comes in at 1.0617. The low price just reached 1.06184EURUSD corrects to…