Author: FX

Chinese New Year celebrations – many centres are closed in Asia. Treasuries sagged to end on a bearish week. USDIndex at 101.30 low as the market continued to price out a 25 bp rate hike on February 1 & BoJ’s latest attempt to keep a lid on yields, along with some profit taking. Wall Street (US100 +2.66%), 10-year Treasury yield is at 3.48%. Options expirations likely helped support the advance. A report of big layoffs at Alphabet added to recession fears and weighed initially, but signs of cost cutting enticed dip buying. Goldman Sachs slipped…

Vision Marine Technologies to raise capital via ~$7.3M stock offering Source link

A risk-friendly trading environment helped boost TSLA to its monthly highs last week. Has the stock bottomed? Or is it just pulling back from its bigger trend? TSLA is trading near 135.00, which is higher than last week’s open price above 125.00 and much higher than its 2023 lows below 102.00. In fact, TSLA capped its second consecutive positive week after a weak start to the year! Tesla Inc (TSLA): Daily Tesla Inc. Daily Equity Chart by TradingView We don’t have far to look for the cause. Start-of-year risk-taking and not-so-disappointing U.S. earnings reports have encouraged traders to price in…

2/2 © Reuters. FILE PHOTO: A view of the logo at the headquarters of the Finnish telecoms company Nokia in Espoo, Finland March 16, 2021. Lehtikuva/Heikki Saukkomaa via REUTERS 2/2 OSLO (Reuters) – Nokia (NYSE:) said on Monday it has signed a new cross-license patent agreement with Samsung (KS:) following the expiry of a previous agreement at the end of 2022. “Under the agreement, which covers Nokia’s fundamental inventions in 5G and other technologies, Samsung will make payments to Nokia for a multi-year period beginning 1 January 2023,” the Finnish company said. The terms of the agreement remain confidential, it…

Start the trading week off with a look at these swing setups! Can ETH/USD and WTI crude oil sustain their bullish momentum? And will Cable join in on the rallies, too? GBP/USD Daily Forex Chart by TradingView Reversal alert! GBP/USD is completing its inverted head and shoulders on the daily time frame, and it’s already testing the neckline resistance. A break above this upside barrier could set off a rally that’s the same height as the chart pattern, which spans approximately 2,000 pips. I know I wouldn’t wanna miss that! But what are technical indicators saying? The 100 SMA is…

AUD/USD clings to mild gains after snapping four-week uptrend. Risk appetite remains positive amid talks of soft landing, policy pivot in the US. China’s week-long Lunar New Year holidays, pre-Fed blackout restrict immediate moves. Australia CPI, US Q4 GDP will be crucial for fresh impulse. AUD/USD seesaws around 0.6980-85 as it defends the week-start gains amid a sluggish Monday morning in Europe. In doing so, the Aussie pair remains mildly bid amid week-long holidays in China and the US Federal Reserve (Fed) policymakers’ stipulated off from the public appearances ahead of early February’s Federal Open Market Committee (FOMC) meeting. It’s…

There isn’t anything significant on the board for today, with there being few expiries of note lined up for the week ahead as well.It’s a pseudo-holiday in markets with most of Asia out throughout the week, so that might be one reason but in terms of expiries interest, it has been quite limited so far to start the new year. There is a large one for EUR/USD today at 1.0710 but given price action and how far the expiries are, it isn’t likely to feature whatsoever.For more information on how to use this data, you may refer to this post…

Monday's economic calendar Source link

Weekend:Friday ICYMI: In Asia on Monday markets were closed in:for Lunar New Year holidays. All three will be closed again on Tuesday. The full list of the extended Asian timezone holidays can be found here: The absence of key markets meant thin liquidity trade in the region. News and data were very limited. We did get the minutes of the Bank of Japan December meeting (see bullets above). At that meeting the Bank widened the band within which the 10-year Japanese Government Bond is permitted to trade, a decision that sent shock waves through global markets. From the time, as…

Central bank speak will take a chill pill this week with only the BOC under the spotlight. But that doesn’t mean we won’t see volatility! Traders will pay attention to top-tier reports like the U.S. GDP and core PCE as well as manufacturing and services PMIs around the world for clues on global growth trends. Before all that, ICYMI, I’ve written a quick recap of the market themes that pushed currency pairs around last week. Check it! And now for the closely-watched potential market movers this week: Major Economic Events: BOC’s last rate hike? (Jan 25, 3:00 pm GMT) –…