GBPJPY tests its 100 hour moving average/swing area The GBPJPY is trading to a new session low and in the process is looking to test its 100 hour MA at 162.29. The low price just reached 162.312. The MA is joined by a swing area between 162.196 to 162.379. A move below the 100 hour
Month: May 2022
Prior was 57.1 Prices paid 84.6 vs 87.5 expected (87.1 prior) New orders 53.5 vs 53.8 prior Employment 50.9 vs 56.3 prior Inventories 51.6 vs 55.5 prior Consumers’ inventories 37.1 vs 34.1 prior This reading matched the Sept 2020 low. It will be interesting to see how the market handles sliding ISM manufacturing numbers. Companies
New Delhi: Gold in the national capital on Monday plunged Rs 745 to Rs 50,936 per 10 grams in line with the fall in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 51,681 per 10 grams. Silver also tumbled by Rs 1,228 to Rs 63,028
Dollar remains the firmer one today, in quiet markets, as traders are awaiting Fed’s rate hike, and forward guidance later in the week. Yen’s trading tone is so far positive, as risk markets lack buyers. Commodity currencies are weak together with Euro and Sterling. Aussie is the relatively steadier one as markets await tomorrow’s RBA
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high. Some observers believe the U.S. government may have misread the looming threat of inflation. During the pandemic, Uncle Sam dispersed
In this article UBER Uber CEO Dara Khosrowshahi speaks at a product launch event in San Francisco, California on September 26, 2019. Philip Pacheco | AFP via Getty Images Uber will report first-quarter earnings after the bell on Wednesday and Wall Street notes to investors are providing insight into what investors might expect. The latest
The USD/JPY began May on the right foot, up some 0.21%. The market mood is risk-off, courtesy of the FOMC meeting and China’s Covid-19 spread. USD/JPY Price Forecast: Range-bound, contained to the upside, after last week’s language intervention by the Japanese Finance Minister. The USD/JPY remained comfortable above the 130.00 figure on Monday, as US
The burning rate of Ethereum (ETH) has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.” Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) sold 55,000 virtual land NFTs dubbed “Otherdeeds” on May 1. The overwhelming demand
USDJPY has been up nine of the last 10 trading weeks The USDJPY continued it’s run to the upside this week and in the process continued to make new 20 year+ highs. The pair moved up to 131.253 yesterday. The USDJPY pair is now up for 8 consecutive weeks and 9 of the last 10.
The greenback continues to stay buoyed in the lead up to the FOMC meeting on 4 May this week, as it is sitting higher across the board so far today. USD/JPY is up 0.4% to 130.30 levels as buyers are looking to hold a push above the pivotal 130.00 mark: That remains the key line
NEW DELHI: Gold prices dropped sharply on Monday, tracking higher US treasury yields which dented demand for the yellow metal. Markets are expecting a big interest rate hike by the Federal Reserve to contain rising inflation. The US central bank’s Federal Open Market Committee is scheduled to begin its two-day meeting on interest rates on
Dollar rises broadly again today but Asian session is a bit quiet with China and Hong Kong on holiday. Selling mainly concentrates on Aussie and Kiwi, with both breaking through last week’s lows. But Euro and Yen are not too far away. Sterling and Canadian are mixed for now. Three central banks will hike interest
Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California. Justin Sullivan | Getty Images A measure that the Federal Reserve focuses on to gauge inflation rose in March, likely cementing the central bank’s intention to hike interest rates by half a percentage in May. The core personal consumption
In this article CMCSA Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast is set to announce its first-quarter earnings before the opening bell on Thursday. Here’s what Wall Street is expecting: Earnings: 80 cents per share, according to Refinitiv Revenue: $30.5 billion, according to
The greenback bulls are set to print fresh yearly highs above 1.2900. The RSI (14) has shifted into a bullish range for the very first time this year. A bull cross of 20- and 50-EMAs adds to the upside filters. The USD/CAD pair is facing barricades around 1.2870 in the Asian session however, the broader
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USDCAD cracks lower after stallng near swing area resistance The USDCAD ran to the highest level since March 9 yesterday/this week, and in the process entered into a swing area on the daily chart between 1.28709 and 1.29001. However, sellers entered within that swing area (the high price reached 1.2879) and pushed the price down
SINGAPORE: Oil edged lower on Friday as China‘s COVID-19 lockdowns weighed on the outlook for crude demand, although supply disruption fears as Western sanctions curb crude and products exports from Russia underpinned prices. Brent crude futures dipped 4 cents to $107.55 a barrel by 0040 GMT after rising 2.1% in the previous session. The front-month