Author: FX
Warning: FXLV is at high risk of performing badly Source link
4/4 © Reuters. Pope Francis attends a meeting with priests, deacons, consecrated persons and seminarians at the Our Lady of the Congo Cathedral during his apostolic journey, in Kinshasa, Democratic Republic of Congo, February 2, 2023. REUTERS/Yara Nardi 2/4 By Philip Pullella and Paul Lorgerie KINSHASA (Reuters) – Pope Francis on Thursday urged young people in Democratic Republic of Congo to forge a new future without the ethnic rivalry, corruption and distrust that have fuelled so many bloody conflicts in Africa. Addressing more than 65,000 young people in Martyrs Stadium, Francis spoke of forgiveness and reconciliation, themes that have dominated…
The rate hike by the US Federal Reserve tumbled the USD/CAD to new YTD lows. Falling oil prices and solid US labor market data underpinned the USD/CAD. USD/CAD traders are eyeing Friday’s US Nonfarm Payrolls data alongside ISM Non-Manufacturing PMIs. USD/CAD is recovering some ground after posting minimal losses Wednesday, which sent the pair into a tailspin to test the 200-day Exponential Moving Average (EMA) at 1.3255 after the US Federal Reserve decided to raise rates. At the time of writing, the USD/CAD is trading at 1.3312 after hitting a new YTD low of 1.3262. Fed’s dovish perceived hike undermined the…
USDCAD stalls at the 200 hour MA and rotates lowerThe USDCAD USD/CAD The USD/CAD is the currency pair encompassing the dollar of the United States of America (symbol $, code USD), and the Canadian dollar of Canada (symbol $ code CAD). The pair’s exchange rate indicates how many Canadian dollars are needed in order to purchase one US dollar. For example, when the USD/CAD is trading at 1.3500, it means 1 US dollar is equivalent to 1.35 Canadian dollars. The US dollar (USD) is the world’s most traded currency, whilst the Canadian dollar (CAD) is the world’s seventh The USD/CAD…
Swiss National Bank Chairman Thomas Jordan is crossing the wires and has stated the following: Key comments Price stability does not happen automatically. We are seeing no wage-price spiral in Switzerland. Inflationary pressure stronger than SNB can tolerate, can’t exclude more interest-rate increases. A strong swiss job market could affect a firm’s cost inflation. In 2022 second-round effects rose, and inflation spread. Ready to be active in currency markets when necessary. USD/CHF technical analysis On the following daily chart,m we can see that the price is moving lower with a descending channel: Zoomed in … The M-formation is pulling the bulls in from support…
Baker Hughes goes ex dividend tomorrow Source link
Gold (XAU/USD), Silver (XAG/USD) Outlook:Gold prices rise to nine-month high – Fed, ECB and BoE rate hikes boost precious metals before retreating to support.Silver futures wrestle with resistance around $24.220, a key historic level that continues to keep bulls in check.Interest rates rise in-line with expectations – economic outlook remains bleak as inflation pressures mount. Recommended by Tammy Da Costa Get Your Free Gold Forecast Interest Rate Decisions Bolster Demand for Safe-Haven Metals – Gold & Silver Rise Before Retreating to Prior LevelsThe Fed, ECB and BoE have raised rates this week, in-line with market expectations. After the Federal Reserve…
© Reuters. FILE PHOTO: A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER/File Photo By Swati Verma and Noah Browning (Reuters) – The European Union’s ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on . Although Western sanctions could force Russia to cut crude production and refining runs, which would further tighten global supplies, some analysts said…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…
What is the outlook for Gold after the sharp moves in recent months? Economists at Standard Chartered see risks of a pullback. Gold rally appears stretched “Our proprietary indicator, fractals, is signalling that recent rally has led to stretched technicals for Gold, which has shot past our end-2023 price target of $1,890. Hence, we see elevated risk of a consolidation or even a pullback in Gold over the next few weeks.” “We would prefer to wait for a pullback towards $1,840 area before adding further exposure to Gold.” Source link