Author: FX

2/2 © Reuters. FILE PHOTO: Parked vehicles are seen in Bagram U.S. air base, after American troops vacated it, in Parwan province, Afghanistan July 5, 2021. REUTERS/Mohammad Ismail 2/2 KABUL (Reuters) – The Taliban administration will move ahead with plans to turn former foreign military bases into special economic zones for businesses, the acting deputy prime minister for economic affairs said in a statement on Sunday. The acting commerce minister had told Reuters in December that his ministry was working on the plan for former American bases and would submit it to both the economic committee led by acting deputy…

GOLD OUTLOOK & ANALYSISHawkish Fed remains a strong theme going into next week.US economic data in focus including FOMC minutes, GDP,PCE and consumer sentiment reports.Long lower wick may indicate short-term upside but strong US data may leave gold vulnerable to further weakness. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROPGold prices recovered some of its losses towards the end of last week. Although the change was minor, bullion remains in a strong downtrend. Much of gold’s volatility has been driven by US factors, particularly a more aggressive Federal Reserve after stronger than expected economic data (Non-Farm…

7/7 © Reuters. Hairdresser and Ukrainian Territorial Defence unit volunteer Oleksandr Shamshur, 41-year-old, prepares to guard sky over capital against Russian suicide drones in the beginning of his shift, amid Russia’s attack on Ukraine, in Kyiv, Ukraine February 2, 20 2/7 By Margaryta Chornokondratenko and Yiming Woo KYIV (Reuters) – A hairdresser by day and a “drone hunter” by night, Oleksandr Shamshur, 41, is among tens of thousands of volunteers helping defend the skies over Ukraine against Russian attacks. As the Feb. 24 first anniversary of Russia’s invasion nears, Ukraine is becoming increasingly adept at shooting down Russian missiles and…

Warning: HEINY is at high risk of cutting its dividend Source link

CRUDE OIL OUTLOOK: SLIGHTLY BEARISH NEAR TERMOil prices fell roughly 4% this week, pressured by demand concerns amid rapidly rising interest ratesAlthough oil could trade lower in the coming days, its medium-term outlook remains constructive thanks to the reopening of the Chinese economyThis article examines the key technical levels to watch in WTI crude oil futures next week Recommended by Diego Colman Get Your Free Oil Forecast Most Read: Gold Charges Toward Fibonacci Support as Markets Bet on Higher Fed Peak RatesOil prices, as measured by the WTI front-month futures contract, finished the week sharply lower, down roughly 4% to…

USD/CAD FORECAST: MILDLY BULLISHUSD/CAD advances and challenges a key technical resistance as volatility begins to pick upCanada’s inflation data could be an important catalyst for price action next weekMarket sentiment should also be a major driver of the Canadian dollar in the near term Recommended by Diego Colman Get Your Free USD Forecast Most Read: S&P 500 Underwater but Exuberance Hasn’t Yet Cracked – What Now for Stocks?For much of the last month and a half, USD/CAD (U.S. dollar – Canadian dollar) has been rangebound, moving largely directionless between support at ~1.3280 and resistance at ~1.3530. In recent days, the…

2/2 © Reuters. Kristina Karamo, a candidate for the Michigan Republican Party’s state party chair, speaks to delegates ahead of their vote on the key party leadership position, in Lansing, Michigan, U.S., February 18, 2023. REUTERS/Nathan Layne 2/2 By Nathan Layne LANSING, Mich. (Reuters) -Republicans in Michigan on Saturday selected Trump loyalist Kristina Karamo as their next state chair, elevating an election denier to a critical leadership role in a sign of the growing clout of far-right and grassroots members over the party in the battleground state. The election of Karamo could complicate the party’s ability to raise money ahead…

Dikuch/iStock via Getty Images Some oil tanker stocks including Scorpio Tankers (NYSE:STNG) and Ardmore Shipping (NYSE:ASC) quadrupled last year, and as new sanctions have shifted the flow of Russian oil to more distant ports, Evercore analyst Jonathan Chappell thinks the rally “may have only just begun.” Chappell sees Russia’s invasion of Ukraine as “a generational geopolitical event that is likely to change seaborne flows of the world’s [still] most important commodity for years,” and believes the effects have “not fully played out after only 6-9 months.” The ban on Russian fuel shipments to Europe that went into effect two weeks…

Decentralized finance (DeFi) firm Platypus is working on a compensation plan for user’s losses after a flash loan attack drained nearly $8.5 million from the protocol, affecting its stablecoin dollar-peg. In a Tweet on Feb. 18, Platypus disclosed to be working on a plan to compensate the damages and asked users not to realize their losses in the protocol, saying this would make it harder for the company to manage the issue. Assets liquidation are also paused, said the protocol: Platypus USD Price Chart (USP) – 7 days. Source: CoinGeckoContinue Reading on Coin Telegraph Source link

CNBCs Steve Leesman, commenting on the markets said on Friday, “If you are not confused, you’re not paying attention”. There is a lot of confusion in the market, and even at the Fed. The CPI inflation released this week, added some added confusion as it was a little more hefty than recent months. There still is some hope, however, the the shelter component saves the day. The impact is for volatile, up and down markets. When the markets are like that, technicals help to take some of the uncertainty out of the price action.EURUSD, 7:20USDJPY, 12:20 GBPUSD, 16:00USDCHF, 18:55USDCAD, 22:05AUDUSD,…