Author: FX
US FDA approves Merck's RSV antibody for infants Source link
The Apple Worldwide Developers Conference (WWDC) has so far lacked meaningful AI-related announcements, with only vague comments that AI features are “coming” for developers. In response, Apple’s stock is trading lower, down $3.25 (-1.61%) at $200.70.Apple stockFrom a technical perspective, today’s decline pushes the price below both the 100- and 200-hour moving averages, which sit at $202.02 and $204.10, respectively. The price has also slipped beneath the 38.2% retracement level of the move from the late 2024 all-time high to the 2025 low at $169.21. That retracement level, located at $203.93, overlaps closely with the MAs, increasing the importance of…
USD/JPY eases toward 144.00 as trade talks take center stage.The United States and China attempt to restore trade relations, benefiting risk sentiment.Japan makes progress with its own talks with the US, limiting the Yen’s decline. The Japanese Yen (JPY) is steadying against the US Dollar (USD) on Monday, as markets digest developments in the US-China trade talks. On Friday, Japan announced that it had made some progress of its own in talks with the United States (US), in the fifth round of trade talks between the two nations.However, Monday’s focus was on the talks between the US and China in London, which…
Ronald Martinez/Getty Images NewsHalliburton (NYSE:HAL) said Monday it was awarded a five-year contract from Repsol (OTCQX:REPYF) (OTCQX:REPYY) to support the full well lifecycle on its platform assets in the U.K. North Sea; financial terms were not disclosed. Halliburton (NYSE:HAL) said it will provide Source link
Bank of Spain lowers 2025 economic growth forecast to 2.4% from 2.7% Source link
According to Reuters:Trade talks between the US and Chinese delegations have started in LondonNEC Hassett said on CNBC earlier today that he expects a handshake agreement and that the rare-earth would be released shortly thereafter.According the China news sources, the meeting may extend into the London evening and may also spill into Tuesday. Also Chinese Vice Premier He Lifeng is attending the meeting with US representatives. US stocks have gotten a bit of a boost in early US trading with the Dow industrial average now up about 65 points and the NASDAQ index up 20 points. The broader S&P index…
European natural Gas storage has surpassed the 50% mark, but remains well below last year’s levels and the five-year average, highlighting the scale of the challenge ahead. Supply concerns persist amid reduced Norwegian flows due to outages and maintenance. LNG imports will be critical through summer as competition with Asia intensifies, Société Générale’s FX analysts note. LNG flows in focus as Europe scrambles to meet storage targets”In the natural Gas market, European Gas storage finally broke above 50% full towards the end of last week. However, storage still remains some distance away from year-ago levels and the 5-year average. This…
The Ang_Amp_ZZ MT4 Indicator is a trend-following tool designed for use in MetaTrader 4. It combines several analytical methods to provide traders with a more accurate picture of market direction. By integrating angle, amplitude, and zig-zag (ZZ) patterns, it helps traders spot trends early, ensuring that they can make informed buy or sell decisions. Unlike traditional indicators, the Ang_Amp_ZZ Indicator works efficiently across various timeframes, making it adaptable to different trading styles, from scalping to long-term strategies. How it Works The Ang_Amp_ZZ Indicator utilizes a unique approach to analyzing price action. The angle component identifies the steepness of price movements,…
That’s a bold call with markets only pricing in ~46 bps of rate cuts by year-end with no rate cuts expected through the summer at least at this stage. Their latest view above is predicated on the outlook following the US jobs report on Friday. Subsequently, Citigroup expects the Fed to cut further in January and March 2026 – 25 bps each as well. This article was written by Justin Low at www.forexlive.com. Source link
GBP/USD Price Forecast: Bullish outlook remains in play above 1.3550 The GBP/USD pair gains traction to around 1.3555 during the early European session on Monday, bolstered by a weaker US Dollar (USD). Trade uncertainty dampens sentiment among US businesses, prompting traders to reassess the Greenback’s safe-haven status and act as a tailwind for the major pair. Traders await the UK employment data for fresh impetus, which is due later on Tuesday. Technically, the constructive outlook of GBP/USD remains in place as the major pair is well-supported above the key 100-day Exponential Moving Average (EMA) on the daily chart. The upward momentum is reinforced by…