Author: FX
USD/JPY snaps losing streak, rises over 0.20% amid profit-taking before weekend.RSI hints at bottoming, but buyers must clear 144.00 for bullish follow-through.Downside risks remain if pair fails to hold above key 143.00 support.The USD/JPY pair snapped three straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation, despite falling US Treasury yields and amid the lack of a catalyst, could be attributed to traders booking profits ahead of the weekend. At the time of writing, the pair trades at 143.96 after bouncing off daily lows of 142.80.USD/JPY Price Forecast: Technical…
The price of crude oil is settling down -0.37 at $61.20. The price was pressured today helped by a report that OPEC+ members are considering a potential output increase of 411,000 barrels per day (bpd) in July. While this is one of the options on the table, no agreement has been finalized.Looking at the daily chart, the price remains below the 50% of the move up from the 2021 low at $64.71 and is also below the low of a swing area between $61.92 and $64.71. Staying below that area is more beaish for the commodity. Later this year, ForexLive.com…
Lennox raises dividend by 13% Source link
Bullion retreats from two-week high as US House passes debt-heavy budget.A strong US Dollar and firmer US S&P PMIs dent safe-haven appeal.Geopolitical risks with Iran still support longer-term bullish bias for Gold.Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of $3,345 earlier. A strong US Dollar pressures the golden metal as US Treasury yields retreated from daily highs as the US House of Representatives approved Trump’s budget, which now will be sent for approval to the Senate. XAU/USD trades at $3,289, down 0.83%.The market mood has improved slightly…
Prior was -14.7This is a leading indicator. This article was written by Adam Button at www.forexlive.com. Source link
Pound Sterling (GBP) is down 0.2% against the US Dollar (USD) and a mid-performer among the G10, trading relatively well despite a generally disappointing preliminary PMI release, Scotiabank’s Chief FX Strategist Shaun Osborne notes. Trend in GBP/USD remains bullish”The manufacturing print disappointed with a relatively deep contractionary print of 45.1 while services climbed just above the expansion threshold, printing 50.2.””The trend in GBP/USD remains bullish, with consolidation just below Wednesday’s multi-year high. The RSI is just below 60, leaving ample room for further near-term gains. Near-term support is expected below 1.33.” Source link
RiverNorthPhotographyAdvance Auto Parts (NYSE:AAP) soared in early trading on Thursday after topping revenue and EPS estimates with its Q1 earnings report. During the quarter, Advance Auto Parts (NYSE:AAP) also successfully completed its store footprint optimization within an Source link
Prior 48.4Services PMI 47.2 vs 49.5 expected Prior 49.0 Composite PMI 48.6 vs 50.4 expected Prior 50.1 Key findings:HCOB Flash Germany Composite PMI Output Index at 5-month low. HCOB Flash Germany Services PMI Business Activity Index at 30-month low. HCOB Flash Germany Manufacturing PMI Output Index at 3-month low. HCOB Flash Germany Manufacturing PMI at 33-month high.Comment:Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: “These numbers paint a mixed picture – there are both positives and negatives here. On the bright side, manufacturing is doing better, as output has been…
The MTF PCCI-as a Filter MT4 Indicator, is designed to help traders spot the most important market signals, helping them make more informed decisions. It does this by using a Multi-Time Frame (MTF) approach and the Percentage Price Channel Index (PCCI) to smooth out market noise. By analyzing price action across different time frames, this indicator highlights potential trends while filtering out unreliable data. Traders can use it to find clearer entry and exit points, which is crucial in today’s fast-moving markets. How the MTF PCCI-as a Filter MT4 Indicator Works The MTF PCCI-as a Filter MT4 Indicato,r combines the…
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $61.60 per barrel, up from Wednesday’s close at $61.23.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.23 price posted on Wednesday, and trading at $64.56. WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered…