In a post yesterday (“USDCHF moves down toward lower target area“), I spoke to the USDCHF support being approached near the rising 200 bar moving average on the 4 hour chart, and also a swing area between 0.9848 and 0.9873. The price ended up moving down toward that 200 bar moving average dipping briefly below
Lowest since May 2020 Prior was +1 Production -22 vs +2 prior New orders -16 vs -11 prior Prices paid for raw materials +26 vs +41 prior Comments in the report: “Prices paid for commodities still through the roof. No relief in sight. Labor is still hard to find. Economy is still decent – lots
Gold price fell by Rs 101 to Rs 51,024 per 10 gram on Thursday amid weak global trends and appreciation in rupee, according to Securities. In the previous trade, the yellow metal had closed at Rs 51,125 per 10 gram. Silver also declined by Rs 334 to Rs 58,323 per kg. The rupee appreciated 67
Euro softens broadly today after ECB delivered 75bps rate hike as widely expected. President Christine Lagarde delivered no specially hawkish message that could give Euro another lift. On the down hand, Dollar is recovering, with some help from better than expected GDP data. But the greenback remains the worst performed followed by Canadian and Swiss
In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Andy Jassy, CEO of Amazon and then CEO of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco, California, U.S., on Wednesday, April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon reports third-quarter earnings after
The Bank of Japan (BoJ) will announce its monetary policy decision on Friday, October 28 at 03:00 GMT and as we get closer to the release time, here are the expectations forecast by the economists and researchers of nine major banks. Japanese main interest rate will likely be left at -0.1%, despite inflation standing at
Jerome Powell, chairman of the US Federal Reserve, speaks during a Fed Listens event in Washington, D.C., US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images Political questioning of Federal Reserve Chair Jerome Powell about the central bank’s policy moves is intensifying, this time from the other side of the aisle.
The USDCHF today moved down to test the lower target area defined by a swing area between 0.9848 and 0.9873 and the 200 bar MA on the 4-hour chart at 0.98431. The last time the price closed below the 200 bar MA goes back to September 16. The low price reached 0.9852 so far. The
The European Central Bank meeting is today. The Bloomberg survey shows near unanimity in forecasts for a +75bp rate hike. All but 2 economists of 51 that Bloomberg surveyed expect a 75bps hike. This will take the deposit rate to 1.5%. Market pricing is nailing +75bp too. EUR/USD has dribbled a little lower on the
Gold prices rose on Thursday, as the U.S. dollar and Treasury yields fell on mounting expectations of slower monetary policy tightening by the Federal Reserve later in the year. FUNDAMENTALS * Spot gold rose 0.3% to $1,669.16 per ounce by 0116 GMT, after hitting a two-week high on Wednesday. * U.S. gold futures were up
Dollar was sold off overnight as stock markets extended rebound. But there is no clear downside breakout in the greenback yet. For now, Sterling is the strongest one for the week as political situation in the UK appears to have stabilized. Euro is the second best as helped by rally against Swiss Franc. Dollar is
In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2023 Ford F-150 Raptor R Ford DETROIT – Ford Motor recorded a net loss of $827 million during the third quarter, weighed down by supply chain problems and an investment in autonomous vehicle unit Argo AI. Still, the automaker narrowly beat Wall Street’s subdued expectations
The sharp rise in the yuan against the US dollar retraced some of the currency’s excessive depreciation this week, helped by a fall in the US Dollar Index, the 21st Century Business Herald reported, citing analysts. Key quotes “Many asset management institutions view the yuan as undervalued against the dollar, which had rallied on expectations
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According to a new preprint conducted by researchers at the Open Universiteit, University of California Berkley, and Radboud University, the vast majority of literature on blockchain energy use from both academic and everyday sources “lacks the scientific rigor expected from a mature scientific field.” The report analyzed 128 scientific and open-source studies related to carbon
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession as a tight labor market keeps the Federal Reserve on an aggressive monetary policy tightening trajectory. Speaking on a
The AUDUSD held support ahead of the 38.2% on the correction lower in the early NY session against th 0.64545 level. I outlined that level in the video here: The subsequent move back above the 200 ba MA on the 4 hour chart at 0.6482 has increased the bullish bias and moves the risk level