Author: FX
Svenska Cellulosa GAAP EPS of SEK1.19, revenue of SEK4.99B Source link
Next week, the FOMC rate decision on Wednesday will be the highlight at 2 PM. Fed chair Powell press conference will follow at 2:30 PM ET. The Fed is expected to cut rates by 25 basis point after cutting rates by 25 basis point at the last meeting and forecasting to more interest rate cuts before the end of the year.With the government shutdown, the normal economic releases will not take place. Over there are a slew of earnings including Boeing, Microsoft, Meta, alphabet, Amazon, and Apple.MondayBefore OpenAfter CloseBed Bath & BeyondWhirlpoolTuesdayBefore OpenSoFiUnitedHealth GroupPayPalUPSCorningD.R. HortonAfter CloseBooking HoldingsVisaElectronic ArtsWednesdayBefore OpenAfter CloseMetaMicrosoftAlphabetChipotleServiceNowStarbucksThursdayBefore…
The EURUSD traded both lower and higher today, extending to the upside after the weaker U.S. CPI data. However, sellers leaned against a swing area between 1.1645 and 1.1659, capping the move and sending the pair back down. The price has since settled back between the 100 and 200 hour MAs (blue and green lines) between 1.1613 and 1.1633, with the current price around 1.1626.With the pair now trapped between the moving averages, the technical bias is neutral heading into the weekend. Next week, traders will be looking for a clear break in either direction — and follow-through momentum.On the…
US military to deploy aircraft carrier to South America amid soaring tensions with Venezuela Source link
The weekly Baker Hughes rig count data showed:Oil +2 to 420Gas unchanged at 121Total rigs +2 to 550Crude oil rallied strongly this week, gaining 7.9%. The move higher was fueled by several catalysts. First, the U.S. government announced plans to purchase oil for the Strategic Petroleum Reserve (SPR), calling it “a great time to buy oil.” That call proved timely — almost prophetic — as the U.S. later imposed sanctions on Russian oil companies. (Insider timing never hurts.)Adding to the bullish tone, Wednesday’s EIA report showed a larger-than-expected drawdown in inventories, reinforcing the demand outlook and supporting the week’s advance.From…
The GBPUSD moved higher after the weaker-than-expected U.S. CPI report, but the rally quickly lost steam once price reached the 100-hour moving average. Buyers turned to sellers, capping the move and sending the pair back lower.The decline pushed the pair below the key swing area between 1.3323 and 1.3341, and through the early-week lows near 1.3305, to a new session low at 1.32865. Buyers had their chance — they failed — and sellers have taken control.Going forward, the 1.3323–1.3341 zone now acts as near-term resistance, with the falling 100-hour MA at 1.33545 just above it. It would take a move…
Major European indices are closing higher on the day and for the week as well:German DAX, +0.13%. For the week 1.72%France’s CAC, unchanged. For the week +0.63%UK’s FTSE 100 +0.70%. For the week +3.11%.Spain’s Ibex, +0.44%. For the week +1.67%.Italy’s FTSE MIB +0.25%. For the week +1.74%As London/European traders head for the exits with smiles on their faces, US indices are also moving higher today and or higher for the week. All are on pace for record closes.Dow industrial average was 556 point or 1.19% at 47291.. The index is up 2.18% for the week.S&P index up 64 points or…
Dialogue between Russia and USD is continuing despite recent unfriendly steps from Washington.Such dialogue is only possible if Russia’s interests are treated with respect. Various forces, mainly UK and Europeans, trying to derail direct dialogue between PutinThese things are going nowhere but the gameplan of grooming Trump (blaming UK and Europe) is back on. This article was written by Greg Michalowski at investinglive.com. Source link
The USDCAD popped higher earlier after Pres. Trump announced he was terminating trade talks with Canada, blaming Ontario ads that painted former Pres. Reagan as anti-tariff. The headline lit a quick rally, but sellers leaned against the 200-hour MA, halting the move.The pair briefly broke above that level before fading on softer U.S. CPI data, though the pullback was shallow. Since then, the market’s gone quiet, with price now consolidating between the 100- and 200-hour MAs — roughly 1.4013–1.4026.Traders are waiting for a breakout:Upside bias: Above 1.4026 opens 1.4060–1.4067, then 1.4079 (Oct 1 high).Downside risk: Below the 100-hour MA and…
Oil had a monster day on Thursday, clocking its biggest one-day jump in more than four months. WTI crude popped 5.6% to hit $62 a barrel, while Brent climbed all the way to $66. And no, it’s not because Nobody Wants This Season 2 just dropped and everybody decided to Netflix and chill instead of driving around. This week, traders were blindsided after U.S. President Trump slapped sanctions on Russia’s two BIGGEST oil companies. Wait, What? On October 22, 2025, the Trump administration sanctioned Rosneft and Lukoil, which together produce about 3.1 million barrels per day. That’s nearly 50% of…