Author: FX

McDonald’s stock rises 5% after unveiling Q4 results. Comparable sales worldwide grew 0.4%, above -0.93% expected. Adjusted EPS of $2.83 missed consensus by 3 cents. Revenue of $6.39 billion misses Wall Street average by $90 million.   McDonald’s stock (MCD) ploughed more than 5% higher at points on Monday morning despite missing fourth-quarter consensus on the top and bottom lines. The market, however, disregarded the major highlights to focus on growth in international comparables, which it views as evidence that management is righting the ship. MCD stock chanced up 5% to above $309, its first return to this price level…

EURUSD: The EURUSD gapped marginally lower (in relation to the previous week) as tariff fear continue to increase inflation fears, However, prices rebounded higher only to find resistance sellers within a swing area between 1.0330 and 1.0343. The 38.2% retracement of the move down from January 24 high is also in play at 1.03329. Staying below that swing area keeps the sellers more control today and going forward.USDJPY: The USDJPY fell below its important 100 and 200 day moving averages which are near converged at 152.70 today. Going forward, staying below those two moving averages keeps the sellers more in…

The Pound Sterling struggles against the US Dollar around 1.2400 as investors are cautious about US President Trump’s threat to raise tariffs on metals. BoE’s Pill sees strong wage growth as a major reason behind cautious interest rate guidance. Investors await BoE Bailey’s speech on Tuesday and Fed Powell’s testimony on Tuesday and Wednesday. The Pound Sterling (GBP) trades cautiously to near 1.2415 against the US Dollar (USD) in Monday’s North American session. The GBP/USD pair is trades with caution as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades higher on cautious market sentiment. The DXY Index gains…

Indian oil companies in talks to buy U.S. LNG supplies Source link

Domestic sight deposits CHF 428.1 bn vs CHF 432.9 bn prior This article was written by Justin Low at www.forexlive.com. Source link

EUR/USD recovers intraday losses and rebounds above 1.0300, but renewed fears of US President Trump’s tariffs keep the outlook uncertain. US President Trump is poised to impose 25% tariffs on all aluminum and steel imports. Investors await ECB Lagarde’s speech on Monday and Fed Powell’s testimony on Tuesday and Wednesday. EUR/USD recovers above 1.0300 in Monday’s European session after a weak opening around 1.0280. The major currency opened on a weak note as investors rushed to the safe-haven fleet on renewed United States (US) President Donald Trump’s tariff fears. The US Dollar Index (DXY), which tracks the Greenback’s value against…

China's Xi accepts invitation to attend Moscow's Victory Day in May, TASS reports Source link

WTI crude oil continues to cruise inside its channel on the short-term time frame, and it looks like another correction is in the works. Is the trend still our friend? Take a look at these potential inflection points on the hourly chart! WTI Crude Oil (USOIL) Chart by TradingView In our Global Market Weekly Recap, we noted how crude oil was dragged lower by confirmation that the OPEC+ would push through with its planned production hikes, despite tariffs-related uncertainty. Concerns about weaker demand from China, as well as the country’s retaliatory measures on higher U.S. trade levies, also weighed on…

A few months back, we pointed out that EUR/JPY was hanging around a long-term resistance level. Since then, the pair has taken quite a tumble and is now chilling closer to a major support zone. So, are the bulls about to step in and send EUR/JPY higher in the next couple of weeks? EUR/JPY Daily Forex Chart by TradingView If you caught our latest FX Weekly Recap, you’d know the Japanese yen was one of the strongest—if not the strongest—currencies last week, thanks to risk aversion and hawkish commentary from Japanese officials. Meanwhile, the euro struggled under the weight of…

This is a straight win and should have been done long ago. We did it in Canada a decade ago and prices are rounded up or down to the nearest nickel if you’re paying cash. If you pay by card, you pay the exact price. No one misses pennies here and it’s the same in other countries that have done it.Now Trump didn’t say that’s what they’re going to do but if you stop producing them, eventually you run out.As for market impacts, US pennies are made from 97.5% zinc and 2.5% copper so I’d imagine zinc prices will come…