Author: FX
Japan +0.64%. Japan data – December (final) Industrial Production 0.3% m/m (prior 0.2%). Japan Q4 2022 GDP (preliminary) 0.2% q/q, missing estimate of 0.5%. China +0.20%. Hong Kong -0.21%. Australia +0.18%. Australia NAB Business Confidence for January 6 (prior -1). Australia monthly consumer confidence (February) -6.9% (vs. prior 5%). Australia weekly consumer confidence fell 5.5 points w/w to its lowest since April 2020. India +0.81%. Asian shares tracked the bounce on Wall Street on Tuesday, as investors remained sanguine that key U.S. economic data due later would show an easing in inflation, while the yen recouped losses ahead of the…
© Reuters. FILE PHOTO: A view shows high tides rising due to Cyclone Gabrielle in Arkles Bay, Auckland, New Zealand February 13, 2023 in this screen grab obtained from a social media video. John Longson/Twitter @JohnLongson/via REUTERS By Lucy Craymer and Lincoln Feast WELLINGTON (Reuters) -New Zealand declared a national state of emergency for only the third time in its history on Tuesday as Cyclone Gabrielle caused widespread flooding, landslides and huge ocean swells, forcing evacuations and stranding people on roof tops. Cancelled flights stranded thousands of people, while hundreds of thousands remained without power. “The severity and the breadth…
It’s February 14 and you know what that means – we’re halfway through the month! Give your P&L a mid-month boost by taking advantage of Bitcoin showing a potential reversal pattern while USD/JPY heads for a pullback zone. Check them out! Bitcoin (BTC/USD) 4-hour Forex Chart by TradingView Just when it looked like Bitcoin was headed for its August 2022 highs, BTC/USD found enough sellers at 24,300 and now the pair is trading under 22,000. Will the rejection at 24,000 lead to a bearish reversal? BTC/USD is forming a possible Head and Shoulders pattern on the 4-hour time frame. Meanwhile,…
These are the Valentine’s Day speakers from the Federal Reserve. A few others can pop up despite not being listed on calendars but this is who I have:09:30 US Eastern time, which is 1430 GMT Federal Reserve Bank of Richmond President Thomas Barkin appears on Bloomberg TV11:00 US Eastern time, which is 1600 GMTFed Dallas President Lorrie Logan participates in conversation and moderated question-and-answer session before an event hosted by Prairie View A&M University13:00 US Eastern time, 1800 GMTFed Philadelphia President Patrick Harker speaks on the economic outlook before event, La Salle University 2023 Economic Outlook14:05 US Eastern time, which…
Share: USD/CAD holds lower ground at weekly bottom, pressured after two-day downtrend. Clear downside break of key EMA, Fibonacci retracement join looming bear cross on MACD to lure bears. Monthly resistance line, descending trend line from October challenge pair buyers. USD/CAD remains depressed around 1.3330 even as bulls and bears jostle during early Tuesday, due to the market’s inaction ahead of the key US inflation data. In doing so, the Loonie pair probes the two-day losing streak at the lowest levels in more than a week. It’s worth noting that the quote’s sustained downside break of the 100-day…
WTI crude oil is retesting the 80.00 psychological level! February has been a good month so far for the crude oil benchmark, as it bounced from the 73.00 support to trade closer its current levels near 80.00. Last week, the commodity found support from China’s reopening prospects, supply concerns after an earthquake in Turkey, and Russia announcing its plans to cut about 5% of its oil production. But that was ages ago! WTI Crude Oil (USOIL) 4-hour Chart by TradingView The U.S. just announced its plans to release (sell) 26 million barrels of oil from the Strategic Petroleum Reserve (SPR),…
Price Action, one of the most widely used terms in trading, yet different traders have different descriptions of it. Some suggest that it is an analysis of the basic movements of price which generate entry and exit signals and that it stands out for not requiring the use of indicators. Some traders identify it as the movements of a security’s price plotted over time. These descriptions may be clear to some traders, yet it could also be very vague to some. Personally, I would describe price action as the characteristics of price movements plotted on a price chart which could…
© Reuters. FILE PHOTO: Monitors displaying the stock index prices and Japanese yen exchange rate against the U.S. dollar are seen after the New Year ceremony marking the opening of trading in 2022 at the Tokyo Stock Exchange (TSE), amid the coronavirus disease (COVI By Stella Qiu SYDNEY (Reuters) – Asian shares tracked a bounce on Wall Street on Tuesday, as investors remained confident that key U.S. economic data due later would show an easing in inflation, while the yen recouped losses as Japan nominated a new central bank governor. Japan’s currency had weakened on uncertainty surrounding the next governor…
da-kuk/iStock via Getty Images Australian cleantech SolarJuice (SJA) has again downsized its proposed US initial public offering, this time to $17M from $20M. SolarJuice, a spinout of SPI Energy (NASDAQ:SPI), is now planning to offer 3M shares priced between $5 and $6, which would raise around $17M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 450K additional shares to cover any over-allotments, according to its filing. In late January, SolarJuice said it was looking to raise $20M through its IPO, down from its previous target of around $40M. The company hopes to…
NZD/USD has quickly dipped. the The news of impact got sandwiched:The two year horizon is the important one for the Reserve Bank of New Zealand, it views this as as a reasonable time frame over which its policy changes impact. The lower number takes a little pressure off them. Not a lot, just a little. Buts it s enough top give a wee dip to the kiwi$:next rbnz policy meeting is February 22 Source link