LONDON -Oil prices extended losses on Wednesday after plunging 5% in the previous session, as investors fretted about the health of the US economy ahead of an expected Federal Reserve interest rate hike later in the day. Brent futures fell $1.99, or 2.6%, to $73.33 a barrel by 1225 GMT, while West Texas Intermediate crude
Dollar remains weak in early US session, despite strong ADP job data, seeing only modest gains the Australian and Canadian Dollars. However, the selloff remains contained, even against strong Yen and Swiss Franc. Traders are evidently holding their bets as they await FOMC rate decision. A 25bps hike to 5.00-5.25% is widely anticipated, and it
AUDUSD wanders toward 100/200 hour MAs The AUDUSD has moved up and down today but is trading marginally lower on the day. The low – reached in the last hourly bar – moved to a new intraday low of 0.6649. That took the price closer to the 200 hour MA at 0.66457 and near the
ISM services data for April 2023 Adam Button Wednesday, 03/05/2023 | 14:00 GMT-0 03/05/2023 | 14:00 GMT-0 Prior was 51.2 employment index 50.8 versus 51.3 prior new orders index 56.1 versus 52.2 expected prices paid index 59.6 versus 59.5 prior new export orders 60.9 versus 43.7 last month imports 51.3 versus 43.6 last month backlog
Hiring at private companies unexpectedly swelled in April, countering expectations for a cooling job market ahead, payroll processing firm ADP reported Wednesday. Private payrolls rose by 296,000 for the month, above the downwardly revised 142,000 the previous month and well ahead of the Dow Jones estimate for 133,000. The gain was the highest monthly increase
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Coffee logo is seen on cups in the cafe in Krakow, Poland on February 16, 2023. Nurphoto | Nurphoto | Getty Images Starbucks on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, fueled by better-than-expected international sales. Here’s what the company reported
Share: GBP/USD is consolidating in the low 1.25 area. Economists at Scotiabank expect the pair to enjoy further gains. Short-term price patterns are mildly bullish “The fact that Cable is trading on a 1.25 handle remains a broader positive for the Pound, given it has struggled mightily to extend gains through the mid-1.24 area this
The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter. March saw five firms — Sullivan & Cromwell, Alvarez & Marshal, AlixPartners, Quinn Emmanuel Urquhart & Sullivan and Landis Rath & Cobb — bill FTX a combined $36.4
Gold prices held steady above the key $2,000 level on Wednesday, while investors turned their attention to the U.S. Federal Reserve’s interest rate-hike verdict due later in the day. Spot gold held its ground at $2,016.29 per ounce by 0140 GMT after rising more than 1% in the previous session, as yields dropped on renewed
Australian Dollar surges after RBA surprised the markets by resuming rate hike today. In addition, tightening bias is maintained even though the tone is softened. New Zealand and Canadian Dollars trail closely, boosted by a slightly positive risk sentiment. On the other hand, Japanese Yen continues to be the runaway loser in the market. Dollar
GBPJPY failed on the break to new highs going to 2016 The GBPJPY has moved lower today, after the high today took out the high from October 2022, and traded to the highest level since 2016, but quickly failed. The high from 2022 reached 172.118. The high from today reached 172.314. However, momentum stalled and
Liquidity and trader interest is thinner than normal here today: New Zealand, Australia, Singapore and Hong Kong are all open as usual. NZD/USD is a mover, a combination of beats on jobs data and assurances of financial stability from the Reserve Bank of New Zealand has bolstered the case for another RBNZ rate hike at
An employee hiring sign with a QR code is seen in a window of a business in Arlington, Virginia, April 7, 2023. Elizabeth Frantz | Reuters Employment openings pulled back further in March, hitting a nearly two-year low in a sign that the ultra-tight U.S. jobs market is loosening up and possibly putting less pressure
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang on display at the NY Auto Show, April 6, 2023. Scott Mlyn | CNBC DETROIT — Ford Motor is set to report its first-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: Adjusted earnings per
Share: USD/CAD has turned sideways after a perpendicular rally inspired by weaker oil prices. The USD Index has dropped sharply to near 101.75 as investors are anticipating neutral guidance from the Fed. USD/CAD is approaching the critical supply zone plotted in a range of 1.3648-1.3667. The USD/CAD pair is displaying a sideways performance around 1.3620
📙Free Scalping Strategy Class on how to start becoming a profitable trader ➡️https://join.evolvedtraders.com/yts Platform Used: NinjaTrader *DISCLAIMER* I am not a financial advisor and anything that I say on this YouTube channel should not be seen as financial advice. I am only sharing my biased opinion based off of speculation and my personal experience. You
Private VIP community Members Room – http://bit.ly/3n6uIf9 My Free $2000 Trading Plan Blueprint: https://app.joinsolonetwork.com/2kadaytradingplan Get 20% Sign on BONUS ON 1st deposit with Ospreyfx: https://bit.ly/solosospreyfx Unlimited Trading Days BEST PROP FIRM: Get 20% off USE LINK BELOW https://prop.funderpro.com/signup/?referral=92ce253f SOCIAL MEDIA PLATFORMS Personal Instagram — http://www.instagram.com/therealsoloe Trading Instagram: http://www.instagarm.com/solonetwrk Solo E Website — http://soloe.me SIGN UP
Do you like my free YouTube videos? Then you will love the Tradecademy! In the Tradecademy, you find 80 brand-new and never-seen-before trading videos in a completely new trading course. Plus, you join a private discord community, live trading webinars and you can interact with me directly. New: Tracademy – online trading academy ► https://tradeciety.com/academy/