Q4 net exports 1.1% of GDP vs. expected +1.3% and prior of -0.2% Most of the focus was on retail sales, a beat but do note the caveats in that linked post. Also out were credit data and this, the BoP data. From here we get the ‘net exports’ number. This’ll add in to the
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom shares climbed 8% in extended trading on Monday after the video chat company reported fiscal fourth-quarter results that exceeded analysts’ estimates
Share: The AUD/JPY trades sideways, within a busy area surrounded by all the daily Moving Averages. AUD/JPY Price Analysis: Range-bound within the 91.57-89 area. The AUD/JPY fluctuates as the Asian session begins, registering minuscule gains of 0.07%, exchanging hands at around 91.73. A risk-on impulse bolstered the Australian Dollar(AUD), while the Bank of Japan’s (BoJ)
Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors’ hope for a soft landing and the possible aversion of a recession
Gold prices ticked up on Monday on a pullback in the dollar, although worries around further interest rate hikes from the U.S. Federal Reserve kept bullion near a two-month low. Spot gold rose 0.5% to $1,818.89 an ounce by 10:08 a.m. ET (1508 GMT). U.S. gold futures were also up 0.5% at $1,825.70. The dollar
US futures climbed following the release of mixed durable goods orders data, leading to a decline in Dollar, which reverses some of last week’s gains. However, the positive sentiment is not bolstering the commodity currencies, with New Zealand and Australian Dollars performing the worst for the day. Meanwhile, Sterling is showing strength, followed by Yen
On the daily chart below, we can see that the range between the 33538 support and the 34477 resistance got finally broken and led to a selloff to the 32684 key support level. The current bias is bearish as economic data in February beat expectations and led the market to price in a higher terminal
Headlines: Markets: GBP leads, NZD lags on the day European equities higher; S&P 500 futures up 0.5% US 10-year yields up 0.8 bps to 3.957% Gold flat at $1,811.13 WTI crude down 0.3% to $76.09 Bitcoin up 1.3% to $23,407 It was a quiet session for the most part as markets are settling into the
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This video explains how to backtest your trading strategy step by step so that you get the best possible results from your backtest. Most people make the mistake of backtesting the wrong time of day. testing your strategy at various hours of the day instead of only backtesting when you are actively trading. Backtesting allows
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Share: The Dollar remains broadly bid. It is hard to argue with Dollar strength near term, in the opinion of economists at ING. Dollar to hold gains “The Fed’s current median expectation sees Fed Funds at 5.00-5.25% by the end of 2023 and 4.00-4.25% by end-24. Both of these projections could be revised higher. This
Bitcoin (BTC) keeps pushing for a bullish end to February as the monthly close starts another week’s price action. The largest cryptocurrency looks set to preserve its gains as it closes the second month of 2023 — and is keeping bulls’ hopes alive in the process. Can the good times continue? The coming week could
Gold prices edged up on Monday as the dollar eased, but hovered near their lowest levels since late December after U.S. economic data last week raised worries that the Federal Reserve could hike interest rates further. FUNDAMENTALS * Spot gold was up 0.1% at $1,813.30 per ounce, as of 0056 GMT. U.S. gold futures firmed
Commodity currencies are experiencing selling pressure in Asian trading due to mild risk off sentiment. New Zealand Dollar is under added pressure following poor retail sales data. US Dollar and Japanese Yen are currently among the stronger currencies, with the latter showing little reaction to the dovish remarks made by the incoming BoJ Governor. Meanwhile,
What exactly is meant by the term “technical analysis,” and how exactly does it have an impact on Meta Stock? Let’s begin by defining “technical analysis” and discussing how it relates to this discussion before moving on to particular methods for assessing and trading Meta sock. Technical analysis is the process of forecasting future price
Via Reuters, citing a refiner (CEO of PKN Orlen), news that Russia has halted supplies of oil to Poland via the Druzhba pipeline. This pipeline has been exempted from European Union sanctions imposed on Russia following its invasion of Ukraine. The reported shutting off of supply via the line came one day after Poland delivered
Share: EUR/USD is expected to show further weakness below 1.0540 as US inflation has rebounded. Higher-than-anticipated US consumer spending resulted in an intense sell-off in the US equities. ECB Lagarde has reiterated that a 50 bps interest rate hike announcement is on the table. The EUR/USD pair is juggling in a narrow range above 1.0540