Author: FX

iQIYI Non-GAAP EPADS of $0.14 beats by $0.07, revenue of $1.1B beats by $10M Source link

USD/JPY ANALYSIS & TALKING POINTSBOJ bond buying and loans dominate Japanese headlines.How much impact will the FOMC minutes have?Technical analysis indicates possible downside to come via the rising wedge chart pattern. Recommended by Warren Venketas Get Your Free JPY Forecast JAPANESE YEN FUNDAMENTAL BACKDROPThe Japanese Yen found some support this Wednesday morning against the US dollar while the Bank of Japan (BOJ) had to purchase 10-year government bonds due to the yield breaching the BOJ’s upper limit (0.5%) of their policy band. This has been the second consecutive trading session where this has taken place and has brought into question…

US Stocks recorded their worst day in two months, Yields soared with 10-year Treasuries hitting three-month peak. Vix index, a measure of stock market volatility and often dubbed Wall Street’s “fear gauge”, rose above 23, its second highest level of the year. Fears over a more hawkish FOMC stance for a longer period of time continued to weigh on the markets. More strong data added further to the hawkish Fed case as well with the S&P Global PMIs climbing more than expected, with the services and composite indexes rising back into expansionary territory. US housing…

I’ve got this simple GBP/CAD descending triangle setup on my radar today since the pair looks ready to test the resistance soon! Do you think sellers will still defend the ceiling this time? GBP/CAD 4-hour Forex Chart by TradingView In case you missed the GBP/CAD support bounce last week, you might have another chance to play this triangle pattern when the pair tests the resistance. As you can see from the 4-hour chart above, price is closing in on the top of the triangle around the 1.6400 major psychological mark. So will it hold or will it break? Technical indicators…

One of the criteria that define a professional trader is consistency. Professional traders make money out of trading as their main source of income. Many traders dream to just that. However, not all traders can do this because most traders are not consistent enough to pin their hopes of a monthly income coming from trading. Professional traders on the other hand are very consistent when it comes to their trading. Sure, there will be a few periods here and there wherein they could be on the red. However, for the most part professional traders are usually on the green. It…

Market reversals can be identified based on price action and price patterns. This is often the method used by most seasoned traders. However, newer traders usually find it daunting to identify possible trend reversals based on their observations. Let us look into how we can use technical indicators, such as the Elliott Wave Oscillator and the Highest Highs – Lowest Lows SR indicator, to help us objectively identify and confirm what price action is doing. The strategy discussed here shows us a trend reversal strategy based on the two indicators, which agrees with the concepts of a trend reversal based…

<p>German CPI YoY: Act: 8.7% Prev: 8.6% Fcst: 8.7%</p> This article was written by Ryan Paisey at www.forexlive.com. Source link

Share: UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang note EUR/USD faces extra weakness once 1.0615 is cleared. Key Quotes 24-hour view: “Yesterday, we held the view that EUR ‘is likely to consolidate between 1.0660 and 1.0710’. Instead of consolidating, EUR traded in a relatively choppy manner as it popped to a high of 1.0697, dropped quickly to 1.0636 before closing at 1.0646 (-0.34%). Downward momentum has improved a tad and EUR is likely to edge lower. In view of the lackluster momentum, a sustained decline below the major support at 1.0615 is unlikely…

EUR/USD is breaking a trend line support while NZD/USD is sporting a bearish reversal pattern. Who’s up for trading these USD pairs? If you are, then you better not miss these opportunities! EUR/USD 4-hour Forex Chart by TradingView EUR/USD has been showing higher highs and higher lows since rocketing from its October 2022 lows near .9600. But is the party over for EUR bulls? The 100 SMA has crossed over the 200 SMA, something that hasn’t happened since November when EUR/USD saw a bullish crossover that heralded months of gains. Price action is also supporting some selling as EUR/USD breaks…

Equinox Gold reports Q4 earnings; initiates FY23 guidance Source link