Author: FX
Share: Oil installations around Turkey and Syria had reported no or minor damages, which capped WTI’s drop. Fed hawkish commentary capped WTI’s rally toward $80.00. WTI Price Analysis: To remain downward biased, eyeing $73.00. WTI creeps lower after testing weekly highs around $78.80 and drops toward the $77.70 area on Thursday amid further hawkish Fed speaking pushing back against Fed Chair Powell’s comments on Tuesday. In addition, speculation of damages to oil infrastructure following an earthquake in Turkey and Syria faded, which remained intact. At the time of writing, WTI exchanges hands at $77.63 per barrel. Worries about…
First Financial Bankshares declares $0.17 dividend Source link
© Reuters. FILE PHOTO: People walk past the building of Mexico’s Central Bank (Banco de Mexico) in downtown Mexico City, Mexico February 28, 2019. Picture taken February 28, 2019. REUTERS/Daniel Becerril/File Photo By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) – The Bank of Mexico’s five-member governing board unanimously voted to increase the benchmark interest rate by 50 basis points to 11.00% on Thursday, above market forecasts, citing a complex inflation scenario and suggesting future hikes would be smaller. The decision by Banxico, as the central bank is known, comes hours after data showed consumer prices in Latin America’s…
The RBA is floundering around on monetary policy at the worst-possible time for Governor Philip Lowe. This week’s hike and shift to a more-hawkish stance caught the market off-guard.It also underscored that the RBA was slower to act than it could have been and that will prolong the pain of higher rates. Talk of an impending recession is also high in Australia, putting pressure on politicians to find a scapegoat.Lowe’s term is set to end on Sept 17 but the government would need to act considerably earlier to find a replacement. Today, the Sydney Morning Herald reports:Within the government, there…
AFRM, VNRX and NAOV among mid-day movers Source link
© Reuters. FILE PHOTO: The World Health Organization logo is pictured at the entrance of the WHO building, in Geneva, Switzerland, December 20, 2021. REUTERS/Denis Balibouse/File Photo GENEVA (Reuters) – A quarter of Ukraine’s population is at risk of developing a severe mental health condition as the country grapples with the year-long Russian invasion, a senior health official said on Thursday. Michel Kazatchkine, a member of the Eastern and Central European and Central Asian Commission on Drug Policy, said the conflict in Ukraine had not only resulted in a shortage of medical supplies and personnel but had also caused a…
The dream start to the year or European stocks is continuing as it shakes off the recent turmoil in US markets.Stoxx 600 +0.6%German DAX +0.8%Francis CAC +1.0%UK’s FTSE 100 +0.4%Spain’s Ibex +0.3%Italy’s FTSE MIB +1.2%European stocks sagged late yesterday as the US mood turned but that negativity didn’t extend. There are some worries brewing as this was the second day of closing well below the highs but, hey, a win is a win.Stoxx 600 daily Source link
Share: The USD/JPY 1-hour chart portrays the formation of a bullish continuation chart pattern, keeping bulls hopeful of higher prices. USD/JPY Price Analysis: Long-term is still downward biased unless it breaks resistance around 133.00. The USD/JPY erases Wednesday’s gains and aims toward the lows of the 130.30-132.90 range during the North American session, eyeing a break below the 20-day Exponential Moving Average (EMA) at 130.66. At the time of writing, the USD/JPY exchanges hands at 131.11, below its opening price by 0.18%. From a daily chart perspective, the USD/JPY remains downward biased, though it has been tracking the…
EURO OUTLOOK:EUR/USD resumes its ascent on risk-on market mood after a brief pullback earlier this weekWhile positive momentum is on the euro’s side, the bullish impetus may run out of gas soonThis article explores key EUR/USD technical levels to key an eye on in the near termMost Read: British Pound Outlook – GBP/USD Pushing Higher on US Dollar Weakness Recommended by Diego Colman How to Trade EUR/USD The euro resumed its advance on Thursday and traded around 1.0785 on the back of risk-on sentiment following a slight pullback in recent days. Taking a longer-term view, EUR/USD has staged a powerful…
Share: Gold is seeing a minor setback but remains above the 55-Day Moving Average (DMA) at $1,844, which should act as the bottom of a short-term range for now, according to strategists at Credit Suisse Crucial support aligns at $1,776 “Gold has stalled in the short-term, in line with our view from last week that the market could see a lengthier pause below this level. However, the market has managed to remain above the 55-DMA, currently seen at $1,844, which should act as the bottom of a short-term range for now.” “From a more medium-term perspective, only above…