Author: FX
There are a few to take note of, as highlighted in bold.The first ones being for EUR/USD layered from 1.0660 through to 1.0710 but in particular, the ones closer to 1.0700 which are significantly large in size. That may very well put a lid on gains in the session ahead, before rolling off with the pair continuing to look upbeat on a bounce off its 100-day moving average yesterday.A softer dollar and better risk mood is also helping with that, at least for now, but just be wary of the levels highlighted.Then, there is the one for USD/JPY near 133.00…
Share: USD/INR extends the previous day’s pullback from three-week high. US Treasury bond yields weigh on greenback amid receding fears of financial crisis. Mixed sentiment, light calendar and pre-Fed anxiety are extra catalysts that allow Indian Rupee to lick its wounds. USD/INR holds lower grounds near 82.50 while keeping the previous day’s U-turn from a three-week low during early Friday. Even so, the Indian Rupee (INR) pair remains firmer for the second consecutive week heading into the next Wednesday’s Federal Open Market Committee (FOMC) monetary policy meeting. The pair’s latest losses could be linked to the market’s cautious optimism as…
Looking to trade the comdolls today? Take a look at these potential reversal setups ready to play out on AUD/USD and NZD/USD. I’m seeing an inverted head and shoulders and a double bottom on these charts: AUD/USD 1-hour Forex Chart by TradingView First up is this sketchy double bottom on the hourly chart of AUD/USD. The pair made a couple of failed attempts to break through the .6550-.6600 region and is now on its way to test the reversal formation’s neckline. A break higher could confirm that an uptrend of the same height as the chart pattern is about to…
This U.S. equity index is in the middle of a correction after its trend line breakdown. Will this confluence of resistance levels be enough to keep gains in check? Here’s where sellers might be looking to hop in. S&P 500 Index (SPX500) 4-hour Chart by TradingView It looks like the tide is turning in favor of stock market bears! The S&P 500 index recently tumbled below an ascending trend line that’s been holding since October last year, which suggest that a downtrend could follow. However, technical indicators are still pointing to the presence of bullish vibes, so a pullback might…
US Dollar, First Republic Bank, Fed Balance Sheet – Asia Pacific Market Open:US Dollar rises as Frist Republic Bank poised to receive fundingFederal Reserve balance sheet soars, it’s not quantitative easingDXY eyeing a rising channel, will broader uptrend resume ahead? Recommended by Daniel Dubrovsky Traits of Successful Traders Asia-Pacific Market Briefing – First Republic Bank, Fed Balance SheetThe US Dollar outperformed its major counterparts on Thursday as financial market volatility continued cooling in the wake of last week’s collapse of Silicone Valley Bank. Reports crossed the wires that First Republic Bank, one of the regional lending institutions caught in the…
KeyCorp appoints Khayat to succeed Kimble as CFO – filing Source link
© Reuters. Mizuho expects PG&E shares to be weak following CFO’s resignation By Davit Kirakosyan Mizuho Securities commented on PG&E Corp. (NYSE:) after the announcement that CFO Chris Foster resigned to become CFO at CenterPoint Energy (NYSE:). This was unexpected to the brokerage, which expects PG&E shares to be weak given (1) this is the second recent departure of the company’s executive, (2) recent management changes in the sector have caused stock selloffs, and (3) all the positive catalysts are expected in the second half of the year so it will take some time for investors to focus on the…
ECB sources:ECB members agreed to go ahead with 50 basis point hike after SNB through lifeline to Credit SuisseECB policy debate was between 50 basis point hike or leaving rates unchanged. No discussion of 25 bp hikeThe EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase one dollar. For example, when the EUR/USD is trading at 1.2, it means 1 euro is equivalent to 1.2…
Share: First Republic stock loses nearly 30% Thursday. Fitch, S&P cut ratings on FRC. Worries persist over depositor outflow. Management is discussing a strategic sale. First Republic Bank (FRC) stock is once again taking a beating. Shares of the San Francisco bank are down 29% in Thursday’s premarket after losing more than 21% on Wednesday. The market is worried after the banker known for its high-net-worth customers announced it is open to a buyout offer. Shares have fallen more than 80% since Silicon Valley Bank collapsed last Friday. Like Silicon Valley, First Republic has a large percentage of uninsured depositors.…
Heads up, euro traders! The ECB decision is coming up soon and another hike is eyed. Can this allow EUR/CHF to resume its climb? Before moving on, ICYMI, yesterday’s watchlist looked at AUD/NZD’s bearish channel resistance ahead of top-tier releases from New Zealand and Australia. Be sure to check out if it’s still a valid play! And now for the headlines that rocked the markets in the last trading sessions: Fresh Market Headlines & Economic Data: U.S. headline producer prices dipped 0.1% m/m in February versus estimated 0.3% uptick, core PPI stayed flat instead of posting the estimated 0.4% gain…