The Chair Powell speech/comments were laced with “slower pace”, and “soft landing” which was comforting to the markets. So stocks moved higher and that gave dollar sellers the go-ahead to sell the green back, the lower USD, gave the bond traders the go-ahead to buy bonds and send yields lower, and all of that fed
Month: November 2022
The market was focused on the Fed Powell today. Would he soften up his post FOMC comments and provide the market a reason to start a lower dollar —> higher stocks–> lower yields–>even lower dollar–>even higher stocks –> and even lower yields cycle? That is the cycle for the “risk on” traders and the answer
In this article CRM Follow your favorite stocksCREATE FREE ACCOUNT Marlena Sloss | Bloomberg | Getty Images Salesforce reported earnings and revenue on Wednesday that beat analyst expectations. It also announced that co-CEO Bret Taylor is stepping down. CEO and Salesforce co-founder Marc Benioff will the be sole person in charge of the company. Salesforce
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution. His comments will come as investors look for clues on future monetary policy moves by the
Oil prices rose by over $2 on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. But the likelihood that OPEC+ will leave output unchanged at its upcoming meeting limited the gains. Brent crude futures rose $2.22, or 2.67% to $85.25 per barrel by 1340 GMT. The more
Overall markets remain steady in consolidative trading today. There is little reaction to lower than expected Eurozone CPI and US ADP job data. Fed Chair Jerome Powell’s speech might trigger some volatility, or traders will have to wait for non-farm payrolls on Friday. For now, Dollar is the strongest for the week, followed by Yen
Silver price rallies above the 200-day EMA, despite a buoyant US Dollar. Federal Reserve Chair Jerome Powell is eyed by traders, remaining on the sidelines. Despite mixed US economic data, US Dollar got bid due to month-end flows. Silver price climbs sharply as sentiment shifted slightly sour, and the US Dollar (USD) remains bid, sparked
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📈 FREE Training “Get Funded & 50x Your Trading Capital!”: https://d2t.link/PropFirmTrader In this Bangkok Forex trading vlog, I show you how to place trades on the online platform TradingView. I have made a video in the past about the basics of using the TradingView platform with a trading account to place trades. However, TradingView has
The EURUSD moved higher in the Asian session but ran into resistance against the higher 100 hour MA. That put a lid on the pair, and increases the levels importance from a risk and bias pespective. Stay below is more bearish at least in the short term. On the downside, the price has been able
Risk tones are faring better while Treasury yields are a little lower and that is pinning the dollar down as we get stuck into European morning trade today. It’s going to be tough to look into the moves right now as we have seen them reverse in US trading for two days in a row
In this article CRWD Follow your favorite stocksCREATE FREE ACCOUNT George Kurtz, co-founder and CEO of CrowdStrike, speaks at the Wall Street Journal D.Live global technology conference in Laguna Beach, California, on Oct. 17, 2017. Patrick T. Fallon | Bloomberg | Getty Images CrowdStrike shares plunged 18% in extended trading on Tuesday after the cybersecurity
Prices of fruit and vegetables are on display in a store in Brooklyn, New York City, March 29, 2022. Andrew Kelly | Reuters Global markets have taken heart in recent weeks from data indicating that inflation may have peaked, but economists warn against the return of the “transitory” inflation narrative. Stocks bounced when October’s U.S.
Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws. In a Notice of Hearing signed off by Texas State Securities Board’s (SSB’s) director of enforcement Joe Rotunda and served to
Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling, but concerns that OPEC+ would leave output policy unchanged at its upcoming meeting limited gains. Brent crude futures were up 65 cents or 0.8% at $83.68 per barrel by 0132 GMT, while U.S. West Texas Intermediate (WTI) crude futures
Risk sentiment improved slightly earlier in Asian session on rumors that China is going to exit its zero-Covid policy earlier. Yet the announcement of the National Health Commission on speeding up vaccination for the elderly was a big let-down. After all, Dollar, and Swiss Franc are on the softer side today so far, with Euro.
GBP/USD has sensed responsive buying action around 1.1940 as risk aversion loses luster. The speech from Jerome Powell is expected to be less hawkish on interest rate guidance. The Bank of England is expected to advance its interest rates to 4.25% in Q1CY2023. GBP/USD has gained strength after testing the 200-EMA around 1.1960. GBP/USD has
GBPUSD tests the cluster of support targets. Below 200 H MA The GBPUSD is inching down and in the process is below the 200 hour MA, the 50% of the move up from the November 17 low and is in the swing area between 1.19416 and 1.19543. A move below the swing area would open
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