Author: FX
FTX's Sam Bankman-Fried expected to enter plea next week Source link
© Reuters. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermid By Echo Wang (Reuters) – Wall Street’s main indexes fell on Wednesday, giving up modest initial gains, on growing concern about a recession in 2023 and surging COVID-19 cases in China, the world’s top oil importer. Apple Inc (NASDAQ:), Alphabet (NASDAQ:) Inc and Amazon.com Inc (NASDAQ:) fell between 0.9% and 2.3% as the recovered from a brief fall to rise for a third straight session. Ten of the 11 sector indexes were lower. Energy stocks were…
Bonds and bond yields have been the markets to trade in 2022 thanks to global central banks’ focus to fight high inflationary conditions with rising interest rates. How did bond prices and interest rates move and will the trends continue in 2023? U.S. 10-Year Treasury Yield vs. Fed Funds Rate U.S. 10-Year Treasury Yield vs. Fed Funds Rate by TradingView We’ve got another potential longer-term setup on the watchlist, this time focusing on arguably the biggest theme of 2022, which will likely continue to be a big focus in early 2023: inflation and interest rates! If you recall, inflation rates…
USD/CAD rebounds from weekly lows around 1.3520s and closes to the 1.3600 mark. Overall, US Dollar strength and falling oil prices keep the USD/CAD rallying. USD/CAD Price Analysis: Upward biased, and a daily close above 1.3600, could pave the way to 1.3700. The USD/CAD erases Tuesday’s losses and forms a tweezers bottom candle pattern, as it failed to crack the 50-day Exponential Moving Average (EMA) at 1.3583. Also, a sudden shift in market mood increased appetite for the US Dollar (USD) due to its safe-haven status. At the time of writing, the USD/CAD is trading at 1.3590 after hitting a…
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…
Canadian pot stocks extend weakness as FDA weighs CBD regulation Source link
A stronger US Dollar and higher US yields sent gold prices below $1,800. Next support is a short-term uptrend line around $1,795. US stocks turn negative, adding support to the Dollar. Gold prices extended losses during the American session and printed a fresh daily low at $1,797. Currently, XAU/USD is hovering around $1,800 with a bearish bias. A slide back under $1,800 would make gold vulnerable to a decline to test an uptrend line around $1,795. A break below could trigger more losses, to the $1,785 zone. Below the next support is located at $1,773 (Dec 15 & 16 low).…
© Reuters. FILE PHOTO: A man holding an umbrella is silhouetted as he walks in front of an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan July 14, 2022 REUTERS/Issei Kato By Sinéad Carew NEW YORK (Reuters) – Global equities edged lower on Wednesday while oil prices tumbled as investors weighed their enthusiasm about the potential economic boost from China lifting COVID restrictions with concerns about rising infections there. The yield on the benchmark U.S. 10-year Treasury dipped before turning higher in a choppy session after it recorded its…
Indices Talking Points:The S&P 500 set its all-time-high on January 4th of this year after which bears went on the attack.The bearish theme came in waves this year even with a hawkish fundamental backdrop. The counter-trend moves from June-August and October-December were powerful, racking up 18.92% and 19.36% bullish trends inside of the overall 2020 trend that’s seen the S&P lose -19.76% on net (as of this writing).The big question for next year is whether the worst is over and whether the Fed is nearing a pivot. That doesn’t look to be the case from where we’re at, but things…
> US pending home sales for November -4% versus -0.8% last month US pending home sales for November 2022 Prior report. Fell -4.6% last month (was expecting at -5.0% decline)Pending home sales for November 2022 -4% versus -0.8% expectedPending home sales index 73.9 vs 77.0 last month (revised from 77.1)Pending home sales -37.8% from November 2021ADVERTISEMENT – CONTINUE READING BELOW Tags ADVERTISEMENT – CONTINUE READING BELOW Most Popular ADVERTISEMENT – CONTINUE READING BELOW ADVERTISEMENT – CONTINUE READING BELOW Source link