Author: FX

WTI price tumbles to around $61.20 in Friday’s early Asian session. Trump said the US was getting close to securing a nuclear deal with Iran.Oil inventories climbed by 3.454 million barrels in the week ended May 9, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.A top adviser to Iran’s supreme leader stated on Wednesday that Iran is ready to sign a nuclear deal with…

CVS bids for Rite Aid stores in three states, other assets, sources say Source link

Japan, US to resume tariff talks after G7 summit as Akazawa plans Washington visitJapan and the United States are preparing for a third round of negotiations over trade tariffs, aiming to resume talks later this month. The discussions are part of ongoing efforts to ease tensions following recent U.S. tariff hikes under the Trump administration. Japan’s chief negotiator, Ryosei Akazawa, is expected to travel to the U.S. for the talks shortly after attending the upcoming Group of Seven (G7) meeting of finance ministers and central bank governors. That summit, set to be held next week, is likely to feature prominently…

The Dow Jones climbed around 250 points on Thursday as sentiment continues to improve.US PPI inflation eased faster than expected in April, but future risks remain.UoM sentiment survey results are in the barrel for Friday.The Dow Jones Industrial Average (DJIA) pared early-week losses and rose about 250 points on Thursday. Equities were bolstered by a better-than-expected Producer Price Index (PPI) inflation print that showed upstream inflation effects are still cooling at a faster rate than initially expected. While tariff-based risks to both employment and inflation remain an ongoing concern, investors remain hopeful that early trade talks between the United States…

The major European indices are closing the session with gains. The German DAX is closing at a new record high level of 23680.03. Spain’s Ibex April 2008. Italy’s FTSE MIB closed at its highest level going back to 2007A snapshot of the closing levels shows:German DAX (Germany): +0.65%UK’s FTSE 100 (UK): +0.57%France CAC 40 (France): +0.21%Euro Stoxx 50 (Eurozone): +0.12%Spain’s IBEX 35 (Spain): +0.65%Italy FTSE MIB (Italy): +0.15% This article was written by Greg Michalowski at www.forexlive.com. Source link

1) Follow the leader: Growth vs value Another of my daily go-to charts is the ratio between Large Cap Growth and Large Cap Value.  The chart below shows the relative strength between these via the SPYG (SPDR S&P 500 Growth) and SPYV (SPDR S&P 500 Value) ETFs.  This chart is from FastTrack. Growth, in general, tends to lead the market – both up and down.  So when the yellow line is rising, then the growth side led that day, week, etc.  My moving averages here are a “weekly” proxy of a 5-day and 21-day EMA crossover.  These moving averages are…

Bearish sentiment falls below 50% for the first time in 11 weeks, latest AAII survey shows Source link

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…

AUD/USD is struggling to sustain a break above its 200-day moving average at 0.6455. Australia’s labor market remains strong and bodes well for AUD, BBH’s FX analysts report.RBA seen easing cautiously as employment surges in April”Employment overshot consensus rising 89k in April (consensus: 22.5k) vs. 36.4k in March. Full-time jobs increased 59.5k vs. 12.2k in March, and part-time jobs rose 29.5k vs. 24.2k in March. The unemployment rate was unchanged at 4.1% and the labor force participation rate increased to 67.1% vs. 66.8% in March, just shy of the 67.2% record high.””RBA cash rate futures continue to fully price-in 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…