EUR/JPY finds support at Ichimoku cloud bottom, trading capped at upper edge at 161.45. Bearish momentum noted; faces resistance at 161.00 and 50-day SMA at 161.75. Decline below Ichimoku cloud could test deeper supports at 156.16 and 154.39. The EUR/JPY bottomed near 159.69 and rose past 160.50 on Friday after registering two consecutive days of
Sterling continues to trade under pressure following a week of disappointing UK economic data, with weak December retail sales completing a trio of negative reports that also included lower-than-expected GDP growth and CPI readings. The data has reinforced market expectations that BoE would ease monetary policy in 2025, as the economy struggles under the new
A view from the United States Department of the Treasury building in Washington DC, United States on December 30, 2024. The US Treasury Department was cyberattacked by a Chinese state-sponsored actor in early December. Celal Gunes | Anadolu | Getty Images The federal budget sank further into red ink during December, leaving the first fiscal
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
Headlines: Markets: EUR leads, GBP and JPY lag on the day European equities higher; S&P 500 futures up 0.3% US 10-year yields down 1.3 bps to 4.592% Gold down 0.3% to $2,706.01 WTI flat at $77.87 Bitcoin up 2.1% to $102,247 It’s a bit of a slower session as the week winds down, with the
Oil prices rose on Friday, heading for a fourth consecutive week of gains as the latest U.S. sanctions on Russian energy trade hit supply, pushing up spot trade prices and shipping rates. Brent crude futures were trading 55 cents or 0.7% higher at $81.84 per barrel as of 0804 GMT and have gained 2.6% so
Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France. Bloomberg | Bloomberg | Getty Images Cartier owner Richemont on Thursday reported a 10% increase in fiscal third-quarter sales even as China demand weighed, in a positive signal for the health of
Following the publication of the high-impact China’s fourth-quarter growth and December activity data, the National Bureau of Statistics (NBS) expressed its outlook on the economy during its press conference on Friday. Key quotes (via Reuters) China’s economic operations were generally steady in 2024. The impact from the external environment changes is deepening. Domestic demand is insufficient. Economic operations still
Activity in the forex markets has turned relatively subdued today, with no clear trend emerging as traders shift into a cautious stance. With no top-tier economic data scheduled for the rest of the week, attention is turning to the impending inauguration of US President-elect Donald Trump next Monday. The spotlight is squarely on his anticipated
Firefighters battle flames during the Eaton Fire in Pasadena, California, U.S., Jan. 7, 2025. Mario Anzuoni | Reuters Climate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday. In a voluminous study covering 2018-22 and including some data beyond that, the department found
THe USDCHF felll sharply after yesterday’s US CPI and in the process fell below its 200 hour moving average (green line on the chart below currently at 0.9119). However, the momentum could not be sustained, and a snapback rally ensued with the price moving back to and through the 200-hour moving average and up to
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
Oil prices rose for a second day on Thursday after a larger-than-expected decline in U.S. crude oil stockpiles added to supply concerns stoked by U.S. sanctions against Russian energy trade. Brent crude futures rose 30 cents, or 0.4%, to $82.33 per barrel by 0120 GMT, after rising 2.6% to its highest since July 26 in
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024. Cyril Marcilhacy | Bloomberg | Getty Images Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday. Here’s
TSMC’s strong Q4 2024 earnings and positive 2025 forecast boosted market sentiment and drove gains in chip stocks like Nvidia. Overall corporate profits remain strong, with a high percentage of S&P 500 companies exceeding earnings estimates. Technically, the S&P 500 is still in a bearish trend, but a close above the 5981 handle could signal
Yen’s near term rebound gained momentum again today, supported by BOJ Governor Kazuo Ueda’s persistent messaging about a potential rate hike at next week’s policy meeting. Ueda’s repeated remarks are interpreted as laying the groundwork for markets to brace for a monetary policy shift. While recent polls as of last week indicated only a minority
The Royal Exchange and the Bank of England. SOPA Images / Contributor / Getty Images The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next
TradeCompass for AUD Futures Analysis (6A, March 2025 Contract) – January 17, 2025 Current Context: Current Price: 0.6213 Bullish Threshold: 0.62370 This level is just above today’s highest VWAP point and slightly above the 1st upper standard deviation of yesterday’s VWAP. Bearish Threshold: 0.62175 The price is currently trading just below this level, confirming a
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