FX

An important week for tech company earnings reports has started with Facebook, which reported third-quarter revenue this year totalling $29.01 billion, a 35% jump compared to the same quarter in 2020. Microsoft Corp. with revenues of $45.3 billion in the first quarter of fiscal 2022, after a 22% increase from the same timeframe a year

AUD/USD takes the bids to refresh weekly top following firmer Aussie Q3 inflation data. Australia CPI matches QoQ forecasts but RBA Trimmed Mean CPI favors bulls. Market sentiment stays mixed amid pre-US data caution, US-China headlines and receding covid fears. US Durable Goods Orders eyed for fresh impulse. AUD/USD remains well-bid around the intraday top

Visa, a financial services company based in California, USA, offers electronic funds transfer products worldwide via credit cards, debit cards, and prepaid cards. Visa’s main competitors in the financial services sector are American Express, Mastercard, and Union Pay. Visa has so far dominated the number of used cards and transactions of the United States credit

Silver remains sidelined after two-day uptrend to seven-week high. Short-term horizontal resistance, downbeat Momentum line challenge bulls. Previous resistance from early October, 200-SMA guard short-term downside. Silver (XAG/USD) bulls seem tiring around $24.55 following the two-day run-up to the multi-day high. That said, the quote seesaws during Tuesday’s Asian session while keeping the last week’s

NZD/USD struggles to gather bullish momentum on Monday. US Dollar Index edges higher toward 94.00 following a weak start to the week. Eyes on mid-tier macroeconomic data releases from the US. After closing the second straight week in the positive territory, the NZD/USD pair edged higher during the Asian session on Monday but lost its

WTI picks up bids towards the fresh high since October 2014, flashed the previous day. Market sentiment dwindles amid mixed headlines concerning China, Evergrande. US dollar weakness keeps oil buyers hopeful, second-tier data eyed. WTI remains firmer around $83.85, up 0.15% intraday during Monday’s Asian session. The energy benchmark refreshed the seven-year high the previous

GBP/USD Weekly Forecast: Time for a meaningful downside correction? Covid and US GDP eyed GBP/USD has been rising amid speculation of a BOE rate hike and risk-on-related dollar weakness. UK covid headlines, US GDP and US politics are set to move markets ahead of Halloween. Late October’s daily chart is painting a mixed picture. A rate hike in

XAU/USD ended the day in a high tone, clung above $1,790.00. Fed’s Chairman Powell: High inflation will likely last well into next year. XAU/USD: Has an upward bias, but higher US bond yields and market sentiment could impact the non-yielding metal. Gold (XAU/USD) finished the day at $1,792.59 for a 0.54% gain at the time

WTI futures pare losses and return near multi-year highs at $83.95. Oil prices consolidate after a six-week rally. Front-month WTI futures have bounced up at $82.50, regaining previous losses to return to levels near multi-year highs at $83.95. On a broader picture, however, crude prices remain within previous ranges, consolidating after a nine-week rally. Oil’s

BoE’s Chief Economist Huw Pill: Inflation in the UK could top 5%. Brexit: The EU could terminate the post-Brexit trade deal with the UK. EUR/GBP: The 1-hour chart depicts the pair is tilted to the upside, confirmed by RSI at 63.50 and aiming higher. The EUR/GBP edges higher as the New York session progresses, gains

Tesla shares surged on Thursday to near all-time highs. $900 round number is too tempting for bulls to miss. TSLA stock turned around intraday after earnings. Tesla shares did a sharp about-face on Thursday, having opened lower after the earnings release on Wednesday. TSLA reported earnings after the close, and they were a strong set of numbers,

USD/CAD struggles to keep the bounce off four-month low. Oil prices dwindle amid inflation-led risk aversion, China-linked fears. Canada data came in softer, US ones were mixed as well. Canada Retail Sales, US PMIs are eyed but USD may benefit from safe-haven demand. USD/CAD grinds higher past 1.2350 following its rebound from early June lows

BITO starts trading just in time for an all-time high for BTC. BITO becomes the first ETF for Bitcoin. BITO stock launched on the NYSE on Tuesday. Bitcoin (BTC) hit a record high on Wednesday, and the timing could not have been better for the launch of the first US-based Bitcoin ETF. The Proshares Bitcoin Strategy ETF

USD/CHF holds lower ground at mid-September lows, sidelined of late. Descending RSI line, weekly falling trend line favor sellers. 200-DMA, ascending trend line from early June offer strong support. USD/CHF remains on the back foot around 0.9185, taking rounds to a five-week low flashed during the early week amid Thursday’s Asian session. The Swiss currency

There is no respite for the strong rally in EUR/JPY for the time being. Bets are rising on a probable visit to the 2021 highs past 134.00 near term. The intense move higher in EUR/JPY seems to have met some initial resistance around the 133.50 level so far on Wednesday. The sharp move higher shows

USD/CHF edges lower on Wednesday in the Asian session. Higher highs and higher lows depict the upside trend in the pair since August 30. MACD holds onto the overbought zone with receding upside momentum. USD/CHF remains muted on  Wednesday in the initial Asian trading hours. After testing the low of 0.9185 in the US session,

In an interview with Reuters on Tuesday, European Central Bank (ECB) policymaker Bostjan Vasle said there are early signs that wage pressures in the euro area could become material and pose inflation risks. Additional takeaways “ECB should end the Pandemic Emergency Purchase Program (PEPP) in March if economic trends continue.” “Real financing conditions remain favourable despite nominal

GBP/USD Forecast: Will the British pound look past Brexit developments? GBP/USD has been moving in an ascending channel since late September. UK’s Frost says there is still a gap between the EU and the UK negotiating positions. Near-term technical outlook points to additional gains as long as 1.3700 support holds. The GBP/USD pair preserved its