The buyers in the NZDUSD tried to break higher on Friday, moving above a key 200 hour MA on the hourly chart and swing level on the daily chart. However, momentum failed and the price rotated lower. Prior to the rally on Thursday and Friday, the price did break below the 50% midpoint of the
Bloomberg (gated) shone a light onto a USD7.5mn option trade profit. In brief: As part of the US debt ceiling deal, one concession that made it into the bill was the approval of the Mountain Valley Pipeline, a pet project of West Virginia Sen. Joe Manchin that had been stuck in Congress.The project (in a
Gold prices edged lower on Monday as the dollar firmed on strong U.S. payrolls report, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month. FUNDAMENTALS * Spot gold was down 0.1% at $1,945.66 per ounce, as of 0041 GMT. U.S. gold futures fell 0.3% to $1,963.10. * The
Share: USD/INR stays on the front foot after reversing from 13-day low on Friday. Strong US NFP renews hawkish Fed concerns while softer India data allows RBI to defend status quo. Risk-off mood, higher Oil price also weigh on Indian Rupee ahead of the key week. Second-tier US data, risk catalysts may entertain intraday traders.
Cryptocurrency markets are well-known for their volatility, where large price swings help investors create or lose fortunes. Yet there are often periods of relative stability where the tight price action bores some while being an opportunity for others. Since the beginning of the year, Bitcoin’s (BTC) price has soared by over 60%, climbing from around
As we continue to explore the financial landscape of 2023, the spotlight remains firmly on the S&P 500. In this condensed follow-up to our previous analysis, we’ll take a unique approach to predicting this market’s trajectory, focusing specifically on the 4400 key level. Revisiting Our Previous Forecast In our earlier article, we delved into an
Breaking. Reuters cites 3 sources saying that OPEC+ will debate an additional oil production cut among possible options at Sunday’s meeting. The report doesn’t say what the other options are, but are presumably to keep with the plan and expect balances to tighten in H2. That said, this headline may be designed to squeeze oil
Spot gold closed with a weekly gain of nearly 0.10% at $1948.46. The major driving theme of the financial markets, though it emerged late, in the week ending June 2 was a quick shift in notion about the possible monetary policy path of the Federal Reserve. Odds on bets for the Federal Reserve doing a
A Mastercard debit card from U.K. digital bank Monzo. Monzo Monzo on Wednesday said it hit profitability for the first time this year, in a major milestone for one of the U.K.’s most prominent digital banks. In its annual report for the year ending February 2023, Monzo reported net operating income of £214.5 million ($266.1
Share: In this analysis, we meticulously examine the recent performance of the Nasdaq 100 and US 500 indices to gauge their strength and determine whether the current trend can be sustained. By evaluating key indicators and price action, we aim to provide insightful guidance to traders and investors, equipping them with the knowledge to navigate
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Greg Michalowski of Forexlive.com takes a deep into the technicals defining the bias, risk and key targets for the EURUSD heading into the new trading week starting June 5, 2023. In the report, he looks at the daily chart and then drills into the hourly chart. Get your week started on the right foot by
It will be an interesting weekend in Vienna as Reuters now reports that the additional cut would be 1 million barrels per day. None of this is a huge surprise and the timing of the leaks before the weekend appears designed to put a squeeze on shorts but that squeeze will reverse on Monday if
Gold price jumped Rs 350 to Rs 60,600 per 10 gram in the national capital on Friday amid a rally in precious metals prices overseas, according to HDFC Securities. The yellow metal had closed at Rs 60,250 per 10 gram in the previous trade. Silver also zoomed Rs 650 to Rs 73,550 per kg. “Spot
Global stock markets registered impressive gains last week, with the resolution of the US debt ceiling and robust American job data contributing to the bullish momentum. The ebbing expectation of a Federal Reserve rate hike in June also provided additional support. Canadian and Australian dollars emerged as the week’s top performers, reflecting the market’s increased
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Shoppers walk into a Nordstrom department store in Austin, Texas, March 3, 2023. Brandon Bell | Getty Images Nordstrom‘s fiscal first-quarter sales topped Wall Street’s expectations on Wednesday, even as the retailer reported a spending drop and predicted slower sales in the coming months. The