The dollar was already looking a little sluggish before the ECB report here and the headlines only helped to compound the softness in the greenback so far this week. EUR/USD got a shot in the arm, rising above 1.0200 and contesting a break above key technical resistance as outlined here. In turn, that set off
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NEW DELHI: Gold prices retreated mildly on Tuesday on the back of a strong dollar. However, the yellow metal was range bound as investors refrained from making big bets over Fed’s meet outcome. Market participants are now anticipating a 75-basis-point hike by the Fed at its July 26-27 meeting. The European Central Bank and the
Australian Dollar trades mildly higher in Asian session, after RBA minutes affirmed that further tightening is underway. New Zealand is also supported by somewhat steady risk sentiment. Canadian Dollar is also limited after WTI crude oil rebounded and regained 100 handle. Euro and Dollar are the softer ones for now, followed by Sterling, which awaits
Job growth accelerated at a much faster pace than expected in June, indicating that the main pillar of the U.S. economy remains strong despite pockets of weakness. Nonfarm payrolls increased 372,000 in the month, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data
In this article IBM Arvind Krishna, chief executive officer of International Business Machines Corporation (IBM), during a television interview in San Francisco, California, July 13, 2022. David Paul Morris | Bloomberg | Getty Images IBM shares slid as much as 4% in extended trading on Monday after the company trimmed its 2022 cash forecast. It
Heading towards Thursday’s European Central Bank (ECB) interest rate decision, economists at ABN Amro believe that the bank will stick to its pre-commitment of a 25 bps rate hike. Key quotes “The ECB will almost certainly raise its key policy rates by 25bp this week. The Governing Council’s communication has not given it much flexibility
► Important Risk Notice: https://transparentfxtrading.com/terms-conditions/#risk-disclaimer In this video, I will be sharing How To Trade Like Banks Using Accumulation & Distribution and give my forex tutorial so you can watch it to possibly improve your forex trading skillset. The concept of accumulation & distribution in forex trading is very important to understand the cycles that
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The Federal Bureau of Investigation (FBI) has issued a public warning about fraudulent cryptocurrency apps, which have swindled U.S. investors out of an estimated $42.7 million so far. According to an advisory published on July 18 by the securities and intelligence agency, cybercriminals have created apps using the same logos and identifying information as legitimate
GBPUSD backs off to NY session low The GBPUSD has seen the price action bottom in the early hours of the NY session at 1.19516, run up for 3 hours to a high of 1.20326 and then rotate back to the downside and nearly retrace the run higher. The low just reached 1.19522. Technically, the
Goldman Sachs are concerned about ongoing inflationary pressure across the world: Price pressures have strengthened globally, driving sustained and elevated inflation that hasn’t been seen in decades. And, there is not just one driver: While inflation drivers vary across countries, the persistence of some factors, such as global supply chain issues and energy trade disruptions,
LONDON -Oil prices extended gains on Monday, boosted by a weaker dollar and tight supplies as concerns over gas supply from Russia mounted, offsetting demand fears brought on by a possible recession and China lockdowns. Brent crude futures for September settlement rose by $4.41, or 4.26%, to $105.65 a barrel by 1235 GMT, having gained
Dollar, Yen and Swiss Franc are both under some selling pressure today, as overall risk sentiment improved. Sterling is currently the winner and Euro is not too far behind. Canadian Dollar leads commodity currencies, as Kiwi is somewhat lagging despite strong inflation data. The picture will depend on whether stock markets in the US could
The U.S. Treasury building in Washington, D.C. Bloomberg | Bloomberg | Getty Images China’s holdings of U.S. debt have fallen below $1 trillion for the first time in 12 years amid rising interest rates that have made Treasurys potentially less attractive. Continuing a trend that began early in 2021, China’s portfolio of U.S. government debt
In this article BAC Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City. John Lamparski | Getty Images Bank of America is scheduled to report second-quarter earnings before the opening bell Monday.Here’s what Wall Street expects: Earnings:
GBP/JPY rose close to 190 pips but retraced almost 100 pips, on market mood turning soar. The cross-currency pair tumbled below substantial resistance, exposing the 165.00 mark to selling pressure. GBP/JPY Price Analysis: Neutral-upwards, but downside risks remain if sellers drag prices below 165.00. The GBP/JPY finished Monday’s trading session in positive territory, up 0.45%,
EURUSD higher, but falls short of the falling 200 hour MA London trader are heading home with the EURUSD reaching a new high for the day before the clock ticked 5 PM. US traders in the morning session that saw retail sales (better than expected), industrial production (worse than expected) and Michigan consumer sentiment (better
It’s a relatively straightforward risk positive day as markets carry over the mood from Friday. Here’s a snapshot of the equities space at the moment: Eurostoxx +1.4% Germany DAX +1.3% France CAC 40 +1.4% UK FTSE +1.4% S&P 500 futures +1.0% Nasdaq futures +1.2% Dow futures +0.9% There isn’t much else for traders and investors