Author: FX

© Reuters. FILE PHOTO: Andrew Tate and his brother Tristan are escorted by police officers outside the headquarters of the Bucharest Court of Appeal, in Bucharest, Romania, January 10, 2023. Inquam Photos/Octav Ganea via REUTERS BUCHAREST (Reuters) -Divisive internet personality Andrew Tate said on Wednesday there was no justice in Romania and that the case file against him in a criminal investigation for alleged human trafficking and rape was empty. Tate, his brother Tristan and two Romanian female suspects have been in police custody since Dec. 29 pending an ongoing criminal investigation on charges of forming a criminal gang to…

As mentioned yesterday here, bond bears are quietly plotting their move against the BOJ again and today we are seeing 10-year JGB yields climb higher to 0.46%. The Japanese central bank might have doubled down on its yield curve control policy last week but traders seem to be eyeing the bigger picture still.Kuroda & co. might still reaffirm that they are not yet looking to move away from their ultra easy policy but just about everyone and anyone is pinning the central bank to begin pivoting around the summer or right after.It looks like the BOJ will have their work…

Heads up, yen traders! Both GBP/JPY and NZD/JPY are currently testing upside barriers visible on their short-term charts. Will bearish momentum pick up or is there a chance for a breakout? GBP/JPY 1-hour Forex Chart by TradingView Guppy has formed higher lows and hit a ceiling at the 161.00 area, creating an ascending triangle pattern. The pair already bounced off the triangle top and might be setting its sights on support around the 158.00 handle from here. But what are technical indicators saying? Stochastic is in favor of more bearish action, as the oscillator already reached the overbought region to…

NZD/USD is displaying back-and-forth action ahead of US GDP data. The USD Index is aiming to build a cushion around 101.20 despite the risk-on market mood. The Ascending Triangle formation is indicating a squeeze in volatility. The NZD/USD pair is continuously facing hurdles in recapturing the psychological resistance of 0.6500 in the early European session. The Kiwi asset is expected to remain on the tenterhooks as investors are awaiting the release of the United States Gross Domestic Product (GDP) data. The US Dollar Index (DXY) is aiming to build a cushion around 101.20 as anxiety among investors is escalating regarding…

NiseriN/iStock via Getty Images The top trio of European-listed integrated oil companies – BP (BP), Shell (SHEL) and TotalEnergies (TTE) – currently trade at a more than 40% discount to their U.S. peers, according to analysts at Citi, who suggest the time might be right for a U.S. oil giant such as Exxon Mobil (NYSE:XOM) or Chevron (NYSE:CVX) to make a move. “The prize for the U.S. IOCs would look considerable, with value uplift coming through the ability to fund at a lower [cost of equity] as well as cost synergies that we estimate in [net present value] terms in…

Crypto bulls are back in action these days, but can ADA/USD sustain its rally past this key resistance level? Don’t forget that Cardano’s Djed stablecoin is set to launch soon, so we might see a bit more action in the coming days. Check out this upside barrier I’m watching. Cardano (ADA/USD) 1-hour Chart ADA/USD has been cruising with higher lows and higher highs inside an ascending channel visible on the hourly chart. Price recently bounced sharply off support and is closing in on the resistance again. Will it hold? Stochastic is suggesting a return in bearish vibes, as the oscillator…

Hong Kong equity markets have opened after the long Lunar New Year holiday (China mainland remains on holiday all this week). Hong Kong’s Hang Seng index rose circa 1.7% in the first hour of reopening tradeHang Seng Tech Index +2.4% in its first hourHas left behind a gap, will it fill?- (This chart is from our charting app, which is free and can be found at this link) Source link

USD/JPY holds lower ground as bears keep the reins for the third consecutive day. One-week-old symmetrical triangle restricts immediate moves. Downbeat RSI, bearish MACD signals favor sellers to refresh multi-month low. Buyers need validation from six-week-old descending trend line to retake control. USD/JPY licks its wounds around 129.40 as it seesaws near an intraday low during early Thursday. In doing so, the Yen pair consolidates the latest losses as a two-day losing streak. Even so, the quote prints mild losses while staying inside a one-week-old symmetrical triangle, between 128.50 and 131.00 by the press time. That said, the bearish MACD…

© Reuters. FILE PHOTO: People buy their lunches from street vendors in front of the headquarters of Bank of Japan in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon By Leika Kihara TOKYO (Reuters) – Bank of Japan policymakers were divided on prospects for achieving their 2% inflation target with some warning that it could take time for wages to rise sustainably, a summary of opinions from their latest meeting showed on Thursday. The divergence in views highlight the challenge policymakers face in determining whether the recent cost-driven rise in inflation will shift to one backed by robust demand and higher…

Win McNamee/Getty Images News Upbeat commentary from Elon Musk during the company’s Q4 earnings call helped Tesla (NASDAQ:TSLA) shares rebound sharply during Wednesday’s extended session. During the presentation, Musk offered his perspective on the state of the US economy, his presence on social media, Tesla’s (TSLA) position as an AI company, autonomous driving, and the automaker’s impact on the insurance industry. However, his most impactful statements were likely those that pertained to production and sales outlooks for the full year. To begin the presentation, Musk immediately downplayed concerns about demand deceleration, noting that price cuts have sparked unprecedented order levels.…