Forex
USDJPY Sustains Its 2024 Bullish Setup
USDJPY consolidates its 2024 upleg between key boundaries Momentum indicators point lower, but trend signals remain positive FOMC policy announcement due at 19:00 GMT USDJPY has been facing difficulties in surpassing the 148.30 region for almost two weeks, but the...
CADJPY Perfect Reaction Higher From Equal Legs Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the CADJPY. The rally from the 07 December 2023 low showed a higher high sequence & provided a short-term extreme trading opportunity. In this case, the pullback...
CPI Miss Drives Aussie Down, Dollar Sees Modest Rise Pre-FOMC
Australian Dollar encountered significant headwinds in today’s Asian session, weighed down by the latest Australian Q4 CPI data. The lower than expected inflation confirmed that RBA would hold interest rate unchanged in the forthcoming meeting next week. The central...
FX option expiries for 31 January 10am New York cut
There is just one to take note of on the day, as highlighted in bold.That being for USD/CAD at the 1.3400 mark. So far, bids at the figure level are also playing a role in limiting the recent downside in the pair. As such, the expiries will add to a defensive layer in...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2674; (P) 1.2697; (R1) 1.2731; More… GBP/USD is still bounded in range trading and intraday bias stays neutral at this point. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside,...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0803; (P) 1.0827; (R1) 1.0858; More… No change in EUR/USD’s outlook. Further decline is expected with 1.0931 resistance intact. Fall from 1.1138 should target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has...
Silver Recovers But Picture Still Cautiously Negative
Silver prices bounce back after seven-week decline Momentum oscillators around their neutral levels Break either above 24.60 or below 21.90 would signal direction Silver prices have risen over the last week, breaking above a downtrend line to recover a small chunk of...
IMF raises 2024 global growth forecasts, risk of hard landing recedes
In the World Economic Outlook update, IMF upgraded global growth forecast for 2024 by 0.2% to 3.1%. 2025 growth forecast was left unchanged at 3.2%. This upward revision largely stems from stronger-than-expected economic resilience in the US and key emerging markets,...
Sunset Market Commentary
Markets Economic growth stood in the spotlights today. The IMF in its quarterly World Economic Outlook raised the global forecast from 2.9% to 3.1% this year while keeping the 2025 estimate at 3.2%. The chief economist of the Washington-based institute said “The...
US consumer confidence hits 2-year high at 114.8, reflecting inflation slowdown and positive employment outlook
US Conference Board Consumer Confidence rose from 110.7 to 114.8 in January, above expectation of 113.2, and marks the highest level since December 2021. Present Situation Index rose sharply from 147.2 to 161.3. Expectations Index also improved slightly from 81.9 to...
USDCAD Slides But Finds Support at Around 1.3410
USDCAD retreats but meets support at 1.3410 Both the daily oscillators paint a mixed picture For the picture to brighten, a break above 1.3535 may be needed USDCAD slid in the last few days after hitting resistance once again at around 1.3535. That said, the retreat...
Chinese PMIs in the Spotlight; Australian Inflation Key for Next Week’s RBA
Quarterly Australian inflation on Wednesday; could surprise on the upside Chinese PMI surveys also on Wednesday; Chinese stock indices remains under pressure Aussie’s outperformance against the US dollar depends on stronger data releases Market focusing on the Fed and...
Nonfarm Payrolls to Decide Dollar’s Fortunes
US employment data will hit the markets on Friday at 13:30 GMT Another solid jobs report expected, supported by early indicators If so, dollar could receive a boost as investors unwind rate cut bets Dollar shines in early 2024 It’s been a phenomenal start to 2024 for...
Euro Steady Despite German GDP Decline
The euro has edged higher on Tuesday. In the European session, EUR/USD is trading at 1.0850, up 0.16%. German GDP declines by 0.2% Germany, the largest economy in the eurozone, continues to weigh on the bloc with its weak economy. Germany’s GDP declined by 0.3% q/q in...
British Pound Edges Lower as Shop Inflation Drops
The British pound is lower on Tuesday. In the European session, GBP/USD is trading at 1.2680, down 0.23%. UK shop inflation decelerates sharply Inflation in UK shops rose 2.9% y/y in January, compared to 4.3% in December. This was the lowest pace since May 2022. This...
Euro Recovers as Recession Dodged in Eurozone, Aussie Softens ahead of CPI
Euro recovers broadly today, as lifted by GDP data that indicated the Eurozone economy has narrowly averted a technical recession. This positive development has also led to a notable rebound in Germany’s benchmark treasury yields. Meanwhile selling pressure has...
EURGBP Hits the Lower Bound of a Broader Range
EURGBP slides but finds support at the lower end of a range A break below that support may turn the outlook bearish Both the MACD and the RSI detect downside momentum EURGBP entered a sliding mode on December 28, after hitting resistance slightly above 0.8700, the...
ECB’s Vujcic emphasizes gradual transition in monetary policy, downplays recession risks
ECB Governing Council member Boris Vujcic emphasizing that a “smooth transition” in monetary policy is more important then the timing of the first rate cut. Also, he’d prefer to move in smaller steps. “April or June doesn’t really make much of a difference for the...
EURJPY Starts a New Bearish Cycle
EURJPY trims January’s gains within bullish channel Short-term risk skewed to the downside EURJPY started a new bearish cycle within a short-term upward-sloping channel, pulling from a one-and-a-half month high of 161.85 to reach a low of 159.20 on Tuesday....
EUR/USD Remains Vulnerable to the Downside
Markets More ECB quotes hit the wires yesterday. But hawkish twists from the likes of Kazimir (rate-cut debate now is premature) got less attention. Markets instead singled out heavyweight Villeroy over the weekend effectively turning every meeting into a live one. VP...
EURUSD Slips Further After the Fall Below 200-day SMA
EURUSD touched 1.0800 but returned higher Price moves within bearish triangle MACD and RSI suggest negative bias EURUSD tumbled below the crucial 1.0845 restricted zone, generating concerns that the decline from the 200-day simple moving average (SMA) may continue....
Hang Seng Index is Near Important Support
The economy of China is hit by the decision to liquidate the developer Evergrande due to a debt of USD 300 billion. Bloomberg writes that this will have huge consequences for all of China. While the S&P 500 index rose by more than 3% since the beginning of...
Eurozone GDP stable in Q4, avoids contraction
Eurozone GDP was stable in Q4, better than expectation of -0.1% qoq contraction. Compared with the same quarter of the previous year, GDP increased by 0.1% yoy. EU GDP was also stable in Q4, and increased 0.2% yoy. Among the Member States for which data are available,...
Swiss KOF rises to 101.5, signaling imminent economic recovery
Swiss KOF Economic Barometer rose from 98.0 to 101.5 in January, above expectation of 98.2. That was the third consecutive month of increase, and the first instance since March of the previous year that the barometer has exceeded its medium-term average. This...
Major Altcoins Leading Crypto Recovery
Market picture The cryptocurrency market has added over 2% in the last 24 hours. Bitcoin gained 3% during this time, Ethereum rose 1.75%, while Solana and Cardano outperformed the market, adding 5.7% and 8.3%, respectively. The outperformance in major altcoins points...
Ifo: German economy to contract -0.2% in Q1, restrictive monetary policy taking full effect
Germany’s economy is bracing for a challenging first quarter, with ifo Institute projecting a contraction in GDP by -0.2%. Timo Wollmershäuser, Head of Forecasts at ifo, indicated that this decline would “tip the German economy into recession.” Wollmershäuser...
FX option expiries for 30 January 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will rely more on the overall risk mood and also the action in the bond market. On the latter, 10-year yields in the US are falling after the Treasury quarterly refunding estimate...
Dollar Declines as US Stocks Reach New Record, But Euro Even Weaker
Dollar declined broadly overnight, US Treasury’s borrowing plan for Q1 that spurred rally in the stock market, propelling it to new record highs while simultaneously exerting downward pressure on yields. Despite this shift, the greenback remains largely within its...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0816; (P) 1.0851; (R1) 1.0889; More… EUR/USD is staying above 1.0812 temporary low and intraday bias remains neutral for now. Further decline is mildly in favor as long as 1.0931 resistance holds. On the downside, break of 1.0812 will resume the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… No change in GBP/USD’s outlook as consolidation from 1.2826 is still extending. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8610; (P) 0.8647; (R1) 0.8678; More…. USD/CHF is still bounded in tight range and intraday bias stays neutral. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Range trading continues in USD/JPY and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed...
EUR/AUD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.6454; (P) 1.6484; (R1) 1.6536; More… EUR/AUD’s break of 1.6398 minor support argues that rebound from 1.6127 has completed at 1.6671, after rejection by falling channel resistance. Corrective pattern from 1.7062 is possibly still extending, and...
Bitcoin – Recovery Faces Increased Headwinds at Key Resistance Zone
Narrow sideways mode extends into third consecutive day after recovery from two-month low (38501 of Jan 23) showed signs of stall at key resistance zone (42500). The price action is on track to form the third straight daily Doji candle which points to strong...
EURUSD – Repeated Probe Through Pivotal Supports Adds to Negative Near-term Bias
Bearish pressure rises on break below 200DMA (1.0841) and probe through 1.0821 Fibo support (76.4% retracement of 1.0723/1.1139 upleg), as fresh bears also violate the floor of four-day congestion. Firm break lower to signal continuation of short-term downtrend from...
Sunset Market Commentary – Action Forex
Markets There were few data to inspire global trading today. With policy meetings scheduled on Wednesday and on Thursday, Fed and BoE MPC members currently also abstain from comments on monetary policy. Luckily, ECB governors are again free to speak and temporarily...
USD in Limbo as Market Anticipates Fed’s Decision
The EUR/USD currency pair is experiencing minimal fluctuations as it consolidates around 1.0840 this Monday. The focus of market players is squarely on the upcoming meeting of the US Federal Reserve System, which is poised to be the week’s pivotal event. The outcome...
JP 225 Stock Index Eyes 161.8% Fibo After Pullback from 34-year High
Japan’s benchmark index attempts to regain positive footing 37,000 level is still in sight But bullish momentum may not be strong enough The Japan 225 stock market index (cash) edged up on Monday, heading towards the 161.8% Fibonacci extension of the June-October 2023...
AUD/USD Eyes Retail Sales – Action Forex
The Australian dollar is in positive territory on Monday after an uneventful week. In the European session, AUD/USD is trading at 0.6603, up o.41%. Australian retail sales expected to downturn The markets are braced for a soft retail sales report on Tuesday, with...
Euro Weakens on Prospects of Early ECB Rate Cut
Euro weakens broadly today amid signals from ECB officials that a rate cut cycle could commence in June, or even earlier in April. This bearish sentiment towards the common currency heightens the significance of upcoming Eurozone economic data releases, with GDP...
XAUUSD: Consolidated with Bearish Outlook Below 2040
Bullish Scenario: Consider buying above 2028.50 with TP1: 2033, TP2: 2036, and TP3: 3039 on extension. It is recommended to set a stop loss (S.L.) below 2024.5 or at least 1% of the account capital**. Bearish Scenario: Look for sales below 2024 with TP1: 2000, TP2:...
Could BoE Maintain Its Hawkish Stance?
The BoE meets on Thursday but low expectations for significant announcements Quarterly projections could support market expectations for rate cuts Pound would benefit against the US dollar from a hawkish BoE meeting First rate-setting meeting for 2024 The Bank of...
ECB’s Centeno endorses early, gradual interest rate cuts
ECB Governing Council member Mario Centeno advocates to start cutting interest rates “sooner and more gradually”, as there are a lot of evidence that inflation is falling sustainably towards 2% target. He also argued that ECB doesn’t need to wait for May wage data...
ECB’s Kazimir: June is the more probable timing for first rate cut
ECB Governing Council member Peter Kazimir indicated in a blog post that June is the “more probable” timing for the first rate cut. But he emphasized that the timing is “secondary” to the decision itself, and he remains open on this issue. “The next move will be a...
Swiss Franc Recovering, But Will SNB Shift Policy?
The Swiss franc has edged higher on Monday. In the European session, USD/CHF is trading at 0.8618, down 0.25%. SNB concerned about Swiss franc’s surge The Swiss National Bank isn’t shy about intervening on the currency markets, as it views intervention as an important...
ECB’s de Guindos: No fixed calendar for rate cuts
ECB Vice President Luis de Guindos expressed cautiously optimistic view on the trajectory of inflation in Eurozone. But he also emphasized that the central bank is data-dependent regarding cutting interest rates, rather than time-dependent. “There has been good news...
WTI Oil: Enters Corrective Phase But Remains Supported by Growing Supply Disruption Concerns
WTI oil eases in early Monday trading after opening with a gap higher and price rose new two-month high ($79.27). Growing tensions in the Middle East and fall in Russian refined products export, continue to fuel fears of supply disruption and lift oil prices. Last...
Rising Oil About to Become An Issue
US crude jumped past the $79b level this morning on escalating tensions in the Red Sea. The European and American futures are slightly in the negative at the time of writing, and stocks in Hong Kong and China were better bid on Monday as China imposed ban on short...
Gold: Pivotal Week After Being Sandwiched by Opposing Factors
Higher US 10-year Treasury real yield and rising geopolitical risk premium have created a floor and cap for Gold (XAU/USD) at US$2,000 and US$2,040 respectively. Historical volatility of Gold (XAU/USD) has slipped to a 4-month low, increasing the odds of an impending...
Oil Prices Spiked to Their Highest Levels Since Early November
Markets European equities on Friday rallied like there was no tomorrow. The Eurostoxx50 added more than a percent to finish the week at the highest level since the 00s. US indices including the S&P500 rose to a new record high but struggled in the aftermath before...
FX option expiries for 29 January 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will rely more on action in the bond market and overall risk mood to start the week. Treasury yields are slightly lower so far, so that could impact the dollar slightly as we look...
Forex Markets in Slow Motion: Anticipation Builds for Fed, BoE and Crucial Economic Data
Tentative risk-on sentiment is perceptible in Asian session, as Japan’s Nikkei rallied with energy shares lifted by rally in oil prices. Concurrently, stock markets Hong Kong are continuing their near-term rebound, reflecting cautious optimism in the region....
Forex and Cryptocurrencies Forecast – Action Forex
EUR/USD: US Economy Delivers Surprises The two most significant events last week occurred on Thursday, January 25. On this day, the European Central Bank (ECB) held a meeting, and preliminary GDP data for the US for Q4 2023 was published. As expected, the ECB left the...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF failed to sustain above 55 D EMA (now at 0.9443) last week, and reversed from there. Initial bias stays mildly on the downside this week for deeper pull back. But downside should be contained above 0.9252 low to bring rebound. On the upside, above 0.9425 minor...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s corrective pull back continued last week and outlook is unchanged. Initial bias remains neutral this week first. Further rally is expected as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s fall from 0.8764 resumed through 0.8548 last week. While downside momentum is a bit unconvincing, further decline is expected with 0.8563 resistance intact. Next target is 0.8491 low and break will resume larger down trend to 0.8464 projection level. On the...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY turned into consolidation below 161.84 last week. Initial bias remains neutral this week first. While another dip cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. Break of 161.84 will resume the rebound from...
USD/CAD Weekly Outlook – Action Forex
USD/CAD stayed in consolidation below 1.3540 last week and outlook is unchanged. Initial bias stays neutral this week first, and further rally is in favor. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540 will target 1.3617 cluster resistance (61.8%...
AUD/USD Weekly Report – Action Forex
AUD/USD stayed in consolidation above 0.6524 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected. On the downside, firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring...
USD/CHF Weekly Outlook – Action Forex
USD/CHF retreated again after edging higher to 0.8727 last week. Initial bias stays neutral this week first. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring...
GBP/USD Weekly Outlook – Action Forex
GBP/USD stayed in consolidation from 1.2826 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should be seen through...
USD/JPY Weekly Outlook – Action Forex
USD/JPY stayed in consolidation below 148.79 last week and outlook is unchanged. Initial bias remains neutral this week first. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed...
A Week of Contrasts: US Resilience, Hawkish BoJ, ECB Cut Speculations, China’s Reversal
The past week in the financial markets was a blend of the anticipated and the unforeseen, creating a cloud of indecision among traders. Central bank decisions by ECB, BoC, and BoJ unfolded largely as anticipated. But BoJ’s slightly hawkish communication provided a...
EUR/USD Weekly Outlook – Action Forex
EUR/USD edged lower to 1.0812 last week but quickly recovered. Initial bias remains neutral this week first. Further decline is mildly in favor as long as 1.0931 resistance holds. On the downside, break of 1.0812 will resume the fall from 1.1138 to 1.0722 support. On...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY edged higher to 188.90 last week but retreated since then. Initial bias remains neutral this week first. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next...
US PCE inflation unchanged at 2.6%, core PCE slows to 2.9%
US personal income rose 0.3% mom or USD 60.0B in December, matched expectations. Personal spending rose 0.7% mom or USD 133.9B, above expectation of 0.4% mom. PCE price index rose 0.2% mom, matched expectations. Core PCE price index (excluding food and energy) rose...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should be seen through 1.2826...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0811; (P) 1.0857; (R1) 1.0891; More… EUR/USD recovered quickly after dipping to 1.0812. Intraday bias remains neutral at this point. On the downside, break of 1.0812 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8636; (P) 0.8661; (R1) 0.8695; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and...
Canada’s November GDP to Edge Higher for First Time Since May But Economy Still Looks Weak
The November Canadian gross domestic product (GDP) estimate released on Wednesday will probably tick higher for the first time in six months, but the economic backdrop to end 2023 still looks soft. We expect a 0.1% increase in GDP from October, which would be in line...
Weekly Economic & Financial Commentary: Almost Everything Coming Up Roses
Summary United States: Almost Everything Coming Up Roses Data released this week garnered further optimism that the economy can power through the Federal Reserve’s efforts to corral inflation—an endeavor the Fed could increasingly be construed as achieving. Economic...
The Weekly Bottom Line: Feds, BoC Steal This Show This Week
U.S. Highlights The U.S. economy ended 2023 on a solid note, with GDP rising 3.3% quarter-over-quarter (annualized) – smashing expectations for a more moderate gain of 2%. The consumer remained a key factor underpinning last quarter’s strength, with spending...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY stays neutral, as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should...
British Pound Rises as Consumer Confidence Rises, US Inflation Falls
The British pound is higher on Friday. In the North American session, GBP/USD is trading at 1.2751, up 0.34%. UK consumer confidence rises The UK consumer remains in a sour mood but the pessimism eased in January. The GfK Consumer Confidence Index to -19, up from -22...
Sunset Market Commentary – Action Forex
Markets European bond markets still opened stronger in the wake of yesterday’s unconvincing press conference by ECB President Lagarde. The move lacked momentum though with first individual ECB members sounding more hawkish than Lagarde did. We must admit that it...
EUR/USD: Near-term Action Looks for Direction Signals
The Euro rose to the upper side of near-term congestion on Friday, after hitting new marginally lower low of larger downtrend from 1.1139 (Dec 28 peak). Today’s bounce points to still strong bids, although without sufficient bullish momentum to sustain gains and rise...
Weekly Focus – No New Signals from Central Banks
As expected, the ECB kept rates unchanged and did not provide new guidance. At the press conference, President Lagarde said that she stands by her earlier comments that rate cuts could come in the summer. We continue to expect the first cut in June, followed by two...
Week Ahead – Fed and BoE Decisions, NFP Report, Eurozone GDP Incoming
It’s a packed week ahead with key central bank decisions and big data releases Will the Fed (Wednesday) and Bank of England (Thursday) signal rate cuts? US jobs report, Eurozone GDP & CPI will also be crucial Plus, Aussie inflation and an OPEC meeting Fed meets:...
Will Fed Push Back Against Imminent Rate Cuts?
Investors scale back bets of a March Fed rate cut US economic data since December point to improvement Focus turns to Fed meeting for clearer guidance on interest rates Decision on Wednesday at 19:00 GMT, press conference at 19:30 To cut in March or not to cut? There...
Bank of England Preview – Topside Risk to EUR/GBP as BoE Removes Tightening Bias
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 5.25% on 1 February, which is in line with consensus and current market pricing. Overall, we expect the MPC to deliver a dovish tilt to its guidance coupled with a downward revision to its...
Fed Preview: Patience and Gradualism
We expect the Fed to maintain its monetary policy unchanged in the January meeting. We expect the first rate cut in March and a total of four cuts in 2024. The Fed is in a comfortable position with regards to both sides of its dual mandate. Cooling inflation warrants...
GBPUSD Eyes Key Resistance Within Neutral Zone
GBPUSD picks up steam, heads towards important resistance Technical signals improve, but market structure is still neutral GBPUSD has been trading with stronger positive momentum over the past couple of hours, aiming to reach July’s resistance trendline, which capped...
U.S. Consumer Spending Closes 2023 with a Bang, Defying Expectations
Personal income grew 0.3% month-on-month (m/m) in December, a small step down from November’s 0.4% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.1% m/m, a slowdown from the upwardly revised 0.5%...
Dollar Down Mildly after Core PCE Miss, Ready for Breakout?
Dollar falls mildly in early US trading hours, following the release of core PCE inflation data which indicated a slightly sharper than expected slowdown. However, this weakness in Dollar is somewhat counterbalanced by unexpectedly robust growth in consumer spending....
CAD’s Troubles Could Be Soon Forgotten
The Canadian Dollar faces a confluence of challenges, from the unexpected BoC stance on interest rates to mixed economic data and the traditionally impactful fluctuations in oil prices. As investors grapple with uncertainty regarding future monetary policy directions...
ECB’s Vujcic advocates gradual approach to future rate cuts
ECB Governing Council members Boris Vujcic and Gediminas Simkus have underscored the importance of a cautious approach to future interest rate reductions. In separate interviews occasions, both officials emphasized the need for patience in evaluating economic data...
ECB survey shows lowered inflation expectations and GDP growth forecast
In the latest ECB Survey of Professional Forecasters for Q1 2024, inflation expectations have been revised downwards across all horizons. For the immediate years, headline HICP inflation is projected to decrease from 2.4% in 2024 to 2.0% in 2025 and 2026. These...
Ethereum Could End Consolidation With a Dip Towards $2000
Market picture Volatility in the cryptocurrency market remains subdued, keeping the capitalisation near $1.56 trillion for the third day. Meanwhile, Bitcoin remains around $40K, and Ethereum looks pegged to $2200. The drop in equity indices over the past 24 hours...
AUDUSD Hovers Around 200-day SMA after Decline Halts
AUDUSD pauses short-term retreat at December low Double bottom pattern triggers a rebound, but 200-SMA holds strong Momentum indicators remain heavily tilted to the downside AUDUSD experienced a vast selloff following its December peak of 0.6870, breaking below both...
USD: Likely Outcomes of the PCE
The recent economic data presents a nuanced narrative, showcasing the resilience of the US economy amid uncertainties. As we navigate through the mixed signals of GDP growth, price index fluctuations, and surprising jobless claims, it becomes evident that a...
Money Markets Added to ECB Easing Bets
Markets ECB president Lagarde’s “I stand by the comments made in Davos” did little to impress markets. They even interpreted it the other way around as if the ECB chair went slightly off-script at the World Economic Forum (“summer seems to be right time to start...
ECB’s Kazaks cautions against hasty rate cuts
ECB Governing Council member Martins Kazaks emphasized a cautious approach to reducing interest rates in an interview with BloombergTV. He acknowledged that while a downward adjustment in rates is anticipated, the ECB should not hasten this process, cautioning against...
WTI Oil Technical: Approaching a Key Medium-term Resistance, At Risk of Mean Reversion Decline
WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of...
USDCAD Looks Ready for Bearish Retracement
USDCAD battles with 200-day SMA Holds above downtrend line But momentum indicators show weak signals USDCAD is holding above the medium-term ascending trend line and is moving back and forth from the flat 200-day simple moving average (SMA) at 1.3483. The technical...
Subdued Trading Continues, Euro Falters as Markets Await US PCE Inflation
The subdued trading in the forex markets observed through the week continued in today’s Asian session. Despite numerous central bank decisions and key economic data releases, most major currency pairs and crosses are staying within last week’s range. Euro, as the...
FX option expiries for 26 January 10am New York cut
There are a couple to take note of, as highlighted in bold.They are both for EUR/USD, seen at the 1.0800 and 1.0850 levels. The former alongside bids at the figure level could help to prevent a steeper drop in the session ahead. This comes as the dollar is keeping...
BTCUSD Pauses Selloff and Battles with 40,000
BTCUSD manages to halt its short-term decline But its rebound encounters resistance around 40,000 Momentum indicators still deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as...
US GDP grows 3.3% annualized in Q4, core PCE prices unchanged at 2%
US GDP grew 3.3% annualized in Q4, well above expectation of 2.0%. Looking at some details, consumer spending slowed from 3.1% to 2.8%. Goods spending slowed from 4.9% to 3.8%, but services spending growth rose from 2.2% to 2.4%. Gross private domestic investment...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.63; (P) 147.54; (R1) 148.44; More… USD/JPY is still extending the consolidation from 148.79 and intraday bias remains neutral for the moment. Still, as long as 145.97 support holds, further rally is in favor. Corrective fall from 151.89 should...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF is staying mildly on the downside. Fall from 0.8727 could extend to 0.8487 support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after rejection by 55 D EMA...
Sunset Market Commentary – Action Forex
Markets The key events to watch today were the ECB policy decision and important US data. The main conclusion of the latter is that they, once again, underscore the resilience of the world’s largest economy. Quarterly growth in the last three months of 2023 came in at...
US 30 Index Retreats from Record Peak
US 30 index finds support at 161.8% Fibonacci Technical indicators suggest bearish retracement The US 30 index is easing from the all-time high of 38,108 and is meeting again the 161.8% Fibonacci extension level of the down leg from 35,685 to 32,320 at 37,800, which...
ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut
ECB Review: Didn’t Rock the Boat, But Sailing Towards a Rate Cut As widely expected, the ECB left its three policy rates unchanged at today’s meeting, leaving its key policy rate (deposit rate) at 4%. Today’s meeting was expected to be a stocktaking meeting with no...
US: Economic Resilience Remains on Full Display in Q4 GDP Data
Real GDP expanded by 3.3% quarter-over-quarter (q/q, annualized) in the fourth quarter of 2023 – well ahead of the consensus forecast calling for a more modest gain of 2%. For the year, real GDP grew by an impressive 2.5%. Consumer spending remained hot, rising 2.8% –...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2676; (P) 1.2726; (R1) 1.2774; More… GBP/USD is still bounded in consolidation pattern from 1.2826 and intraday bias remains neutral. Deeper pull back cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On...
Risk Sentiment Revives on Strong US GDP, Euro Holds Its Ground Against Dollar Post-ECB
Commodity currencies bounce in early US session, spurred by unexpectedly robust US GDP data that has invigorated stock futures. This surge in risk appetite is exerting some pressure on Dollar, although the impact remains relatively contained for the moment. The...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0843; (P) 1.0888; (R1) 1.0929; More… EUR/USD is staying in range above 1.0821 and intraday bias remains neutral. On the downside, break of 1.0821 will resume the fall from 1.1138 to 1.0722 support. On the upside, above 1.0931 will resume the...
ECB press conference live stream
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BTCUSD Pauses Selloff and Battles with 40,000
BTCUSD manages to halt its short-term decline But its rebound encounters resistance around 40,000 Momentum indicators still deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as...
Euro in Holding Pattern Ahead of ECB Decision
The euro is showing limited movement on Thursday. In the European session, EUR/USD is trading at 1.0895, up 0.10%. Eurozone PMIs, released on Wednesday, pointed to trouble in the manufacturing and services sectors. Manufacturing has been in deep-freeze, although the...
Crypto Market Takes a Breath after the Storm
Market Picture The crypto market saw lower volatility in the last 24 hours, with capitalisation at $1.56 trillion and the price of Bitcoin hovering around $40K. Major altcoins have also avoided strong moves. The Fear and Greed Index is wandering around a neutral 50. A...
EUR/GBP: Initial Reversal Signals Need More Work at the Upside for Validation
EURGBP rose in early Thursday’s trading, adding to initial signal of formation of reversal pattern on the daily chart, after Wednesday’s action ended in long-legged Doji candle, signaling indecision. Oversold studies contributed to fresh profit-taking, though 14-d...
WTI Oil: Bulls Hold Grip But May Take a Breather on Overbought Daily Studies
WTI oil remains at the front foot and trading near one-month high, posted on Wednesday, after release of crude inventories report. Much stronger than expected drop in US crude stocks, mainly caused by bad weather, added to existing bullish near-term structure and...
WTI Oil Futures Challenge 61.8% Fibo
WTI futures break above crucial trendline and 50-day SMA Next target is the 61.8% Fibo, which held strong in January Momentum indicators tilt to the positive side WTI oil futures (March delivery) had been on the retreat since their September peak of 95.02, breaking...
Japan downgrades export outlook, raises concerns over earthquake impacts
In the new Monthly Economic Report, the Japanese Government continues to observe that the economy is “recovering at a moderate pace”, even though it’s “pausing in part”. A significant shift in this report is the revised perspective on exports, now viewed as “appearing...
Germany Ifo business climate falls to 85.2, stuck in recession
German Ifo Business Climate fell from 86.3 to 85.2 in January, below expectation of 86.7. Current Assessment Index fell from 88.5 to 87.0, below expectation of 88.6. Expectations Index fell from 84.2 to 83.5, below expectation of 84.9. But sector, manufacturing rose...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.01; (P) 160.54; (R1) 161.10; More… Intraday bias in EUR/JPY stays neutral as consolidation from 161.84 is still in progress. Further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume...
FX option expiries for 25 January 10am New York cut
There aren't any major expiries to take note of on the day. As such, traders will have to look to the ECB for clues with regards to the euro and the rates market. On the latter, the push and pull continues and the choppy action in Treasury yields is not making things...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 187.07; (P) 187.78; (R1) 188.42; More… GBP/JPY is extending the consolidation pattern from 188.90 and intraday bias stays neutral. Further rally is expected as long as 186.14 resistance turned support holds. On the upside, break of 188.90, and...
US Stocks Begin Profit-Taking as Investors Eye GDP; ECB Rate Decision Also Awaited
Range trading continues in most major pairs and crosses for the week so far. Dollar’s selloff was relatively short-lived overnight, as US stocks retreated rather deeply after initial rally. There is sign of profit-taking in equities, which could curb any selling...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… Intraday bias in EUR/USD is turned neutral with current recovery. On the upside, firm break of 1.0915 minor resistance will indicate short term bottom at 1.0821, on bullish convergence condition in 4H MACD....
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… USD/JPY’s retreat from 148.79 extends lower today but stays well above 145.97 resistance turned support. Intraday bias remains neutral at this point, and further rally remains in favor. Corrective fall from...
EUR/USD – Rallies Despite Continued Weakness in Eurozone PMIs
Eurozone data remains recessionary EURUSD rebounds after surveys Is it just a corrective rally? The data from the eurozone isn’t improving early in the new year, with the latest PMI surveys all remaining firmly in contraction territory. While we’re continuing to see...
BoC hold rates steady, still confirmed about risks to inflation outlook
BoC kept overnight rate unchanged at 5.00% as widely expected. In the accompanying statement, BoC expressed that it’s “still concerned about risks to the outlook for inflation”, in particular the “persistence in underlying inflation”. The central bank’s focus remains...
Sunset Market Commentary – Action Forex
Markets European January PMI surveys failed to really inspire trading. A disappointing outcome for the French services PMI – releases ahead of German and aggregate EMU data – caused a spike higher in German Bunds, but lack of follow-through buying rapidly pulled...
EUR/USD Outlook: Rises to One-Week Gigh on Renewed Risk Appetite
Fresh bulls emerged after top of rising daily cloud and 200DMA (1.0851/43) contained dips for the fourth consecutive day, leaving a higher base at this zone and generating an initial signal that pullback from 1.1139 (Dec 28 peak) has bottomed. Renewed strength...
Can Rate Cuts and Geopolitics Propel Gold to Fresh Record Highs?
Gold’s uptrend hits a snag; 2024 characterized by consolidation phase But ingredients for a rally are still there Geopolitical risks and Fed rate cuts hold key to rekindling the bulls Scaling new heights as world goes from crisis to crisis Since 2020, the world has...
Bank of Canada Holds Steady, Recognizing that Shelter Inflation is the Issue
TD Bank Financial Grouphttp://www.td.com/economics/The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or...
US PMI composite rises to 52.3, marked growth acceleration and sharp inflation cooling
US PMI Manufacturing rises from 47.9 to 50.3 in January, back in expansion, and the highest level in 15 months. PMI Services rose from 51.4 to 52.9, a 7-month high. PMI Composite rose from 50.9 to 52.3, a 7-month high. Chris Williamson, Chief Business Economist at...
(BOC) Bank of Canada maintains policy rate, continues quantitative tightening
The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. Global economic growth continues to slow, with inflation easing gradually across...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. USD/CHF’s break of 0.8632 minor support suggests initial rejection by 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686). Intraday bias is back on the downside for 0.8487 support. On...
Sterling Rises Following Encouraging UK PMI Data, Dollar Weakens Across the Board
Sterling rises notably against Euro and Dollar today, buoyed by encouraging UK PMI data that pointed to a strong start for the year with renewed growth momentum. More importantly, this data suggests that BoE might need to delay its rate cut plans, as inflationary...
CADJPY Pulls Below 2-Month High Ahead of BoC Rate Decision
CADJPY leans to the downside after two-month high 2024 uptrend remains intact above 109.50 BoC policy announcement due at 15:00 GMT CADJPY lost momentum after the peak at a two-month high of 110.37 on Monday, but January’s series of higher highs and higher lows on the...
European PMIs weaker than analysts’ forecasts but didn’t disappoint markets
Preliminary January PMIs for Germany showed a worsening of the situation contrary to the expected improvement. The composite PMI in January was at 47.1 against 47.4 a month earlier, and there are forecasts of an increase to 47.8. The reason for the deterioration was a...
Eurozone’s PMI composite climbs to 47.9, price data echo ECB hawks’ caution
Eurozone PMI Manufacturing rose from 44.4 to 46.6 in January, a 10-month high. However, PMI services fell from 48.8 to 48.4. PMI Composite rose from 47.6 to 47.9, a 6-month high. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted that Eurozone’s...
GBP/USD: Cable Regained Traction and Attacks Pivotal Barriers ahead of UK PMI Data
Cable bounced above 1.2700 mark on Wednesday morning, keeping bullish bias after Tuesday’s close in red and indecision signal from strong rejection on both sides. Fresh strength cracks again pivotal barriers at 1.2710/20 (converged 10/20DMA’s/Fibo 61.8% of...
Global Risk Appetite Pauses Crypto Sell-off
Market picture Bitcoin reversed to the upside on Tuesday afternoon. The price drop to $38.5K attracted buyers on the background of another update of all-time highs by leading US indices, which supported risk appetite. In early trading on Wednesday, Bitcoin’s price is...
USDJPY Dives Near 61.8% Fibonacci
USDJPY fails to surpass 148.50 resistance Rebounds off 140.20 still intact However, RSI and MACD suggest negative correction USDJPY has been struggling to surpass the 148.50 resistance level over the last five days after the upward movement from the 140.20 support...
UK PMI composite rises to 52.5, may delay BoE rate cut
UK PMI Manufacturing rose from 46.2 to 47.3 in January, a 9-month high. PMI Services rose from 53.4 to 53.8, an 8-month high. PMI Composite rose from 52.1 to 52.5, a 7-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, noted...
Germany’s PMI composite falls to 47.1, continuation of recession
Germany PMI Manufacturing rose from 43.3 to 45.4 in January, an 11-month high. PMI Services fell from 49.3 to 47.6, a 5-month low. PMI Composite fell from 47.4 to 47.1, a 3-month low. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted: “Services...
France’s PMI Composite dips to 44.2: Signals Q1 stagnation with downside risks
France PMI Manufacturing rose from 42.1 to 43.2 in January. PMI Services fell from 45.7 to 45.0. PMI Composite fell from 44.8 to 44.2. Norman Liebke, Economist at Hamburg Commercial Bank, said the PMIs show a “depressing picture overall”. According to the bank’s...
FX option expiries for 24 January 10am New York cut
There are a couple of large ones to take note of for the day, as highlighted in bold.The first being for EUR/USD at the 1.0900 mark. That runs alongside the 200-hour moving average at the moment. And that should help to put a lid on price action for today, before the...
Forex Markets Hesitant, Eurozone and UK PMIs, BoC in Focus
The forex markets are currently extending a phase of indecision. Dollar, after briefly rallying against Euro and Swiss Franc, saw its gains diminish. Australian Dollar’s initial surge, fueled by optimism over China’s proposed stock market rescue plan, also quickly...
Japanese Yen Pares Gains after BOJ Meeting
The Japanese yen is slightly lower in the European session on Tuesday. USD/JPY fell 0.54% after today’s BoJ policy meeting but has pared most of those gains and is trading at 147.82, down 0.18%. Bank of Japan stays pat As expected, the BoJ maintained its policy...
NZD/USD losing downside momentum as NZ CPI awaited
One of the spotlights will turn to New Zealand’s inflation data in the upcoming Asian session. Market are expecting quarterly CPI to rise 0.5% qoq in Q4, slowed from Q3’s 1.8% qoq. Annually, CPI is expected to fall from 5.6% yoy to 4.7% yoy. Should these predictions...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8671; (P) 0.8686; (R1) 0.8706; More…. Intraday bias remains neutral in USD/CHF and outlook is unchanged. Focus stays on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8686). Decisive break there will turn near...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2686; (P) 1.2710; (R1) 1.2732; More… No change in GBP/USD’s outlook as it’s still bounded in consolidation from 1.2826. Intraday bias stays neutral at this point. On the downside, break of 1.2595 support will bring deeper correction to 1.2499...
Sunset Market Commentary
Markets The main ‘news’ for (global) trading was already available from the BoJ policy decision early this morning. However, the impact especially on global bond markets was close to non-existent. The Bank left the parameters of its policy (-0.1% policy rate, 0.0%...
NZD/USD Stems Slide, Inflation Next
New Zealand Services PSI eases to 48.8 New Zealand inflation expected to ease to 0.5% The New Zealand dollar has edged higher on Tuesday. In the North American session, NZD/USD is trading at 0.6086, up 0.17%. New Zealand’s economy has struggled in the fourth quarter...
Euro Steady, Eyes PMIs – Action Forex
The euro is showing limited movement on Tuesday. In the North American session, EUR/USD is trading at 1.0866, down 0.15%. Eurozone, German PMIs expected to remain in contraction The eurozone economy is sputtering and the road to recovery is likely to be a long one....
AUDUSD Recovers, But Remains Below Prior Uptrend Line
AUDUSD recovers after hitting 0.6525 But the bulls struggle below key resistance crossroads This increases the chances for another strike by the bears AUDUSD entered a recovery mode after it hit support near the key zone of 0.6525. However, the bulls seem to be...
Will US GDP Surprise to the Upside?
US will release GDP growth data at 13:30 GMT on Thursday An upside surprise seems more likely than a disappointment Dollar could benefit from a beat, as Fed cut bets are unwound Dollar comes back to life The US dollar started the new year on a strong note. A series of...
Forex Markets Lack Clear Theme; Yen Rebounds Briefly, EUR/GBP Resumes Downtrend
Identifying a singular driving theme proves challenging In today’s forex market. Japanese Yen made an attempt to rebound following BoJ Governor Kazuo Ueda’s post-meeting press conference, where he hinted at the potential of a future rate hike. However, this rebound...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0872; (P) 1.0891; (R1) 1.0902; More… EUR/USD dips notably today but stays above 1.0843 support. Intraday bias remains neutral and more consolidations could be seen. Further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will...
EUR/GBP Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… EUR/GBP’s break of 0.8548/54 indicates down trend resumption. Intraday bias is back on the downside. Next target is 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.71; (P) 148.03; (R1) 148.44; More… No change in USD/JPY’s outlook as consolidation from 148.79 is still extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 145.97 resistance turned support holds. Corrective...
NZD: Will Markets Rebound Soon?
The New Zealand dollar (NZD) kicks off the week at 0.6116, showing minimal change. However, last week saw a 2% dip, pushing the NZD to a five-week low. Economic challenges persist in New Zealand, with the Performance of Services Index (PSI) revealing three...
EURJPY Re-enters Its Bullish Channel
EURJPY bounces back after 200-day SMA prevents decline Rejoins its bullish setup in place since summer Momentum indicators are within their positive territories Should buying pressures persist, the price may revisit the January high of 161.85. A break above that area...
Price of Bitcoin Has Dropped Below 40,000: What’s Next?
The value of the main cryptocurrency has fallen below the psychological mark for the first time since December 4th of last year. According to on-chain metrics services, the decline in the price of Bitcoin on cryptocurrency exchanges triggered the liquidation of buyer...
Crypto’s Decline Looks More Like a Sell-off than a Correction
Market picture The crypto market lost over 5% in 24 hours, to $1.52 trillion. Bitcoin has remained under pressure since the start of the week after pausing in the sell-off on Saturday and Sunday. The persistence of the sell-off has triggered a sell-off in many...
Yen Strengthens Despite Unchanged BOJ Monetary Policy
USDJPY fell on Tuesday after BoJ kept ultra-low rates unchanged, as yen strengthened on growing hopes that the central bank will start tightening policy soon. Fresh dip comes after a triple daily Doji candle, which signaled strong indecision and generating an initial...
BoJ’s Ueda elaborates on inflation and wages, hinting at future policy shifts
During his post-meeting news conference, BoJ Governor Kazuo Ueda confirmed that the economy is aligning with the central bank’s inflation projections, adding “our core-core inflation forecast is at 1.9%, very close to our 2% target”. This closeness, he explained,...
GBPUSD Ticks Up in Trading Range
GBPUSD surpasses 20-day SMA RSI points up in bullish area Short-term bias positive, but there are more threats higher GBPUSD has reversed back higher again after finding support at the lower boundary of the trading range of 1.2610-1.2785. Currently, the price is...
Currencies Consolidate Awaiting Bank of Canada and ECB Verdicts
The last full trading week of January is highly saturated with important fundamentals. This morning, the Bank of Japan held its meeting, tomorrow, the Bank of Canada will announce its verdict, and on Thursday, the ECB’s press conference is scheduled. Major currency...
FX option expiries for 23 January 10am New York cut
There aren't any major expiries to take note of for the day. As such, markets will be left to their own devices with the key stories so far being China's ¥1 trillion backstop to save the stock market and a more hawkish tone by BOJ governor Ueda in his press...
Yen Steady After Brief Ripples from BoJ, Dollar Softens Mildly
Yen weakened momentarily after BoJ left monetary policy unchanged as widely expected, but swiftly regained stability. This quick recovery underscores the market’s assessment that the conditions for a BoJ rate hike in April remain intact. This viewpoint is bolstered by...
USD/JPY: Yen Pauses in Anticipation of Bank of Japan’s Decision
In 2024, the yen has significantly depreciated against other currencies. The USD/JPY chart indicates that since the first trading day of January, the exchange rate has risen by more than 5%. However, since the 18th, there has been a lull, and it may be disrupted today...
USD/JPY Flat Ahead of BoJ Announcement
Bank of Japan to make announcement on Tuesday The Japanese yen is in a holding pattern on Monday as the Bank of Japan holds a two-day meeting today and Tuesday. In the European session, EUR/USD is trading at 148.05, down 0.08%. The yen has been on a rollercoaster in...
USDJPY Trades Sideways Ahead of BoJ Meeting
USDJPY consolidates near its almost 2-month high RSI and MACD lose ground but stay in positive zones USDJPY has been in a steady advance since its five-month bottom of 140.24 registered in late December, posting consecutive higher highs. However, the rally seems to...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… USD/JPY is extending the consolidation from 148.79 temporary top and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 145.97 resistance turned...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8666; (P) 0.8685; (R1) 0.8700; More…. Intraday bias in USD/CHF stays neutral, with focus on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8687). Decisive break there will turn near term outlook bullish for...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2672; (P) 1.2694; (R1) 1.2725; More… GBP/USD is still extending the consolidation pattern from 1.2826 and intraday bias stays neutral. Break of 1.2595 support will target 1.2499 support. On the upside, however, firm break of 1.2784 resistance will...
Sunset Market Commentary – Action Forex
Markets European stocks were off for a blazing start in the wake of new record highs on Wall Street (S&P 500, Down Jones) end last week. The EuroStoxx50 gapped >1% higher at the open before losing some momentum. US equities open higher as well, resulting in new...
Brent Crude Oil Prices Inch Upwards Amid Demand Speculations
Brent crude oil prices are witnessing a moderate rise as the week begins, with the cost per barrel currently near $78.40. This upward trend is primarily influenced by the evolving outlook on energy demand. Recent macroeconomic data have cast some doubts on future...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0877; (P) 1.0888; (R1) 1.0908; More… EUR/USD is extending the consolidation from 1.0843 temporary low, and intraday bias stays neutral. Further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next....
New Zealand Dollar Eyes Services PSI
New Zealand releases Performance of Services Index on Tuesday The New Zealand dollar is flat at the start of the week. In the European session, NZD/USD is trading at 0.6116, up 0.01%. It was a rough week for the New Zealand dollar, which declined 2% and fell to a...
Yen Strengthens Modestly Ahead of BoJ Decision; Forex Markets Quiet
Yen trades mildly firmer in tight range today, as markets are now keenly awaiting BoJ rate decision in the upcoming Asian session. No change in monetary policy is expected as BoJ should stick to negative interest rate for now. There is also no need to tweak the...
ECB Meeting: Summer Rate Cut in Focus Amid Pushback by the Hawks
ECB faces a communication challenge in first meeting of the year Timing of rate cut likely to dominate discussion, but hawks to resist Mixed messages unhelpful to euro ahead of the decision on Thursday (13:15 GMT) Flash PMIs on Wednesday (11:00 GMT) on the agenda too...
Silver tumbles amid rate cut expectation adjustments
Silver falls steeply today as the decline from 25.91 resumes. This steep selloff in the precious metal is interpreted, at least partly, as a reaction to the recent market adjustments in global central bank rate cut expectations. With the anticipation of prolonged high...
Forex and Cryptocurrencies Forecast – Action Forex
EUR/USD: Reasons Behind the Dollar’s Strengthening The past week was notably sparse in terms of macroeconomic statistics. Consequently, the market participants’ sentiment largely depended on the statements made at the World Economic Forum in Davos (WEF). It’s worth...
January Flashlight for the FOMC Blackout Period
Summary We share the near-universally held view that the FOMC will leave the fed funds rate and pace of quantitative tightening (QT) unchanged at the conclusion of its upcoming meeting on January 31. The FOMC’s decision last month to leave the fed funds rate unchanged...
US 500 Index Skyrockets to New All-time High
US 500 index still confirms a strong upside tendency MACD and RSI in positive territories Next resistance at 161.8% Fibonacci extension The US 500 cash index has been in a prolonged uptrend since the end of October, posting a fresh all-time high of 4,858 earlier...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 187.63; (P) 187.94; (R1) 188.57; More… Intraday bias in GBP/JPY is turned neutral first with a temporary top formed at 188.89. Further rally is expected as long as 186.14 resistance turned support holds. ON the upside, break of 188.89, and sustained...
Focus Shifts to First Major Central Bank Gatherings of the Year
Markets The goldilocks outcome of January University on Michigan consumer confidence ended a week of weakness in US Treasuries (and core bonds in general). The headline figure unexpectedly jumped from 69.7 to 78.8 (vs 70.1 expected; highest level since July 2021),...
Gold Lower; Tests Key Trendline
Gold is lower again today Holds beneath short-term SMAs Momentum indicators disappoint below mid-levels Gold prices are fighting with the short-term uptrend line, which has been drawn since mid-November, and the 38.2% Fibonacci retracement level of the upward wave...
New Year, Old Habits for the BoC?
BoC meets on Wednesday; decision to be announced at 14.45 GMT Market wants a dovish show, but BoC might not be ready for such a shift Loonie could find its footing again against the US dollar Bank of Canada meets on Wednesday The week will be dominated by central bank...
BoJ Poised to Offer Guidance on the Removal of Short-Term Negative Rates May Spark JPY Strength
10-year JGB implied volatility has tapered downwards since the implementation of flexible YCC in October 2023, lowering the odds of disorderly movements in the JGB Elevated demand-pull inflation (excluding fresh food & energy) in Japan may prompt BoJ to upgrade...
FX option expiries for 22 January 10am New York cut
There is just one to take note of, as highlighted in bold.That being for USD/JPY at the 148.00 mark. The level itself doesn't hold much technical significance but could keep price action a bit stickier during the session ahead, that is if there isn't any major...
Contrasting Trends in Asia; BoJ, BoC and ECB to Highlight a Busy Week
Asian markets highlights sharp divergence in trends today. Nikkei surged to new 34-year high, buoyed by last week’s record closes in US and bolstered by expectations that BoJ will maintain its negative interest rate policy in the this week’s meeting. Japanese stock...
USD/CAD Weekly Outlook – Action Forex
USD/CAD rebounded further to 1.3540 last week, but retreated since then. Initial bias remains neutral this week for some consolidations first. Current development suggests that fall from 1.3897 has already completed. Further rally is expected as long as 1.3342 minor...
AUD/USD Weekly Report – Action Forex
AUD/USD’s fall from 0.6870 resumed and accelerated to as low as 0.6524 last week, then recovered. Initial bias remains neutral at this week for consolidations. But further decline is expected as long as 0.6639 support turned resistance holds. Firm break of 0.6524...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s rebound from 0.8332 extended higher last week, but lost momentum after hitting 55 D EMA (now at 0.8687). It’s also pressing 38.2% retracement of 0.9243 to 0.8332 at 0.8680. Focus stays on this 0.8680 resistance zone. Decisive break there will turn near term...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s corrective pattern from 1.2826 continued last week. Initial bias stays neutral this week first. Deeper pull back could be seen, and break of 1.2595 will target 1.2499 support. On the upside, however, firm break of 1.2826 will resume larger rise from 1.2036...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rise from 140.25 extended to as high as 148.79 last week, then retreated mildly. Initial bias remains neutral this week for some consolidations first. Current development argues that whole pull back from 151.89 has already completed. Further rise is in favor...
Dollar Soars and Stocks Hit Records as Markets Rethink Rate Cut Timing
Last week’s market development suggest growing skepticism among traders on their own aggressive bets on early rate cut by major central banks. After a batch of economic data from US and UK, as well as the chorus of central banker comments, Q2 is starting to look much...
EUR/USD Weekly Outlook – Action Forex
EUR/USD’s fall from 1.1138 resumed to 1.0843 last week, then recovered. Initial bias stays neutral this week for some consolidations. But further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s rebound from 0.9252 short term bottom extended higher last week. The break of 55 D EMA (now at 0.9449) argues that it’s correcting whole down trend from 1.0095. Initial bias stays on the upside this week for 38.2% retracement of 1.0095 to 0.9252 at 0.9574....
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rises further to as high as 1.6671 last week before retreating. The development suggests that corrective fall from 1.7062 has completed with three waves down to 1.6127 already. Further rise is expected as long as 1.6398 support holds. Above 1.6671 will...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s decline from 0.8713 extended to 0.8554 last week but recovered ahead of 0.8548 support. Initial bias remains neutral and some consolidations could be seen first. Deeper fall is expected as long as 0.8619 resistance holds. Firm break of 0.8548 will indicate...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rise from 153.15 extended higher last week. Initial bias stays on the upside this week for 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29 high. On the downside, below 160.03 minor support will turn intraday bias neutral...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s rise from 178.32 continued last week and breach of 188.63 argues that larger up trend is resuming. Initial bias stays on the upside this week. Sustained trading above 188.63 will confirm this case and target 38.2% projection of 155.33 to 188.63 from 178.32...
Weekly Economic & Financial Commentary: Consumers Just Keep Humming
Summary United States: Consumers Just Keep Humming As market participants continue to digest last week’s slightly hotter-than-expected consumer price data, activity data released this week show underlying demand was still humming along in the final stretch of 2023....
The Weekly Bottom Line: A Resilient Consumer Dims Hopes for an Early Rate Cut
U.S. Highlights Higher than expected retail sales in December suggests that consumer spending remained resilient to end the year. Several Fed governors sought to push back against market expectations for swift and significant rate cuts. The housing market ended 2023...
Summary 1/22 – 1/26
Monday, Jan 22, 2024 Tuesday, Jan 23, 2024 Wednesday, Jan 24, 2024 Thursday, Jan 25, 2024 Friday, Jan 26, 2024 The post Summary 1/22 – 1/26 appeared first on Action Forex.
Yen Under Pressure, Core CPI Eases
Japan’s Core CPI eases to 2.3% The Japanese yen has recovered after losing ground earlier in the day. USD/JPY rose as high as 148.80, its highest level in three weeks. The yen has rebounded and is trading in Europe at 148.10, down 0.03%. It has been a rough week for...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2666; (P) 1.2688; (R1) 1.2727; More… GBP/USD is staying in range above 1.2595 support and intraday bias remains neutral. On the downside, firm break of 1.2595 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; More… Intraday bias in USD/JPY is turned neutral with loss of momentum as seen in 4H MACD. Some consolidations could be seen, but further rally is expected as long as 145.97 resistance turned support holds. Above...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8644; (P) 0.8670; (R1) 0.8707; More…. No change in USD/CHF’s outlook as focus remains on 0.8665 support turned resistance. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless,...
Canada: November Retail Sales Surprise to the Downside, But Expect a Rebound in December
Retail sales declined by 0.2% month-on-month (m/m) in November, coming in weaker than Statistics Canada’s advance estimate for a flat reading. October’s print was revised slightly to +0.5% m/m from +0.7% m/m. Adjusted for inflation, the volume of retail sales reported...
Weekly Focus – Managing Expectations
While the past week has been a quiet one on the macro data front, central bankers sent some hawkish signals ahead of the January rate decisions. The Fed’s Waller remained confident that sustainable 2% inflation is within ‘striking distance’, but he also underscored...
Week Ahead – ECB and BoJ Meetings in the Spotlight
Japanese yen loses ground ahead of BoJ decision on Tuesday ECB meets on Thursday, will it push back against rate cut bets? Bank of Canada decides too, while the US releases GDP stats BoJ unlikely to rescue battered yen The Japanese yen started the new year on the...
BoC to Hold Interest Rates Steady Again Next Week
The Bank of Canada is widely expected to hold the overnight rate steady at 5% in the first policy decision of 2024 – extending a pause that started following the last hike in July. The statement and press conference that follows will be watched closely for hints about...
UK PMIs to Reveal How the British Economy Entered the New Year
Investors scale back BoE rate cut bets after CPI data But disappointing retail sales revive some recession fears Pound traders may now turn attention the UK flash PMIs The data comes out on Wednesday at 09:30 GMT Hotter-than-expected inflation, but disappointing...
Sunset Market Commentary – Action Forex
Markets Attention turned to central bank speeches again in absence of key eco data in the US and EMU. Chicago Fed Goolsbee had the biggest market impact. He said that markets may have put the cart before the horse on cuts. He’s seen surprising progress on services...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… EUR/USD is extending consolidation above 1.0843 temporary low and intraday bias stays neutral. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 will resume the fall from...
Sterling Sees Moderate Decline After Weak Retail Sales, Losses Contained
Sterling fell broadly today following weaker-than-expected retail sales data. Despite this, the British currency’s losses have been somewhat contained, indicating a degree of resilience. Concurrently, Japanese Yen and Australian Dollar are showing attempts to recover,...
Canada’s retail sales falls -0.2% mom in Nov, ex-auto sales down -0.5% mom
Canada’s retail sales fell -0.2% mom to CAD 66.6B in November, worse than expectation of 0.0% mom. Sales declined in four of nine subsectors, led by contraction in food and beverage at -1.4% mom. Excluding autos, sales were down -0.5% mom, much worse than expectation...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6499; (P) 1.6588; (R1) 1.6633; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. Some consolidations would be seen below 1.6671 temporary top. But further rally will remain in favor as long as 0.6318 support holds....
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8545; (P) 0.8570; (R1) 0.8584; More… While EUR/GBP recovers ahead of 0.8548, further decline is still expected with 0.8619 resistance intact. Firm break of 0.8548 will argue that larger down trend is ready to resume through 0.8491 low. However,...
Canadian Dollar Drifting Ahead of Retail Sales
Canada’s retail sales expected to fall to zero The Canadian dollar is showing limited movement for a second straight day. In the European session, USD/CAD is trading at 1.3496, down 0.13%. Markets brace for stagnant retail sales Canada releases retail sales for...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 160.73; (P) 161.06; (R1) 161.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Current rise from 153.15 is in progress for 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29 high. On the...
USDCAD Stuck Between Converging SMAs
USDCAD extends its rebound to a fresh 1-month high But does not manage to close above the 50-day SMA Momentum indicators turn positive USDCAD had been staging a solid recovery from its December low of 1.3176, but the 50-day simple moving average (SMA) prevented...
GBPJPY Charts New High But With Caution
GBPJPY loses momentum after charting new high Downside moves likely; resistance within 188.00-189.00 area GBPJPY ascended almost vertically after touching its 200-day simple moving average (SMA) at the start of January, erasing its latest bearish wave to print a new...
GBP/USD Dips as Retail Sales Slide
UK retail sales slide 3.2% in December GBP/USD edges lower The British pound has weakened slightly on Friday. In the European session, GBP/USD is trading at 1.2682, down 0.18%. UK retail sales take a tumble The markets were expecting a letdown from December retail...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 187.63; (P) 187.94; (R1) 188.57; More… Intraday bias in GBP/JPY stays on the upside for the moment. Sustained break of 188.63 will confirm larger up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. On the...
UK Retail Sales Plunge in December
UK Retail Sales fell sharply in December as consumers tightened their pursestrings during what is normally a hugely important time of year for retailers. Any sense of optimism from the jump in sales in November was short-lived, with the decline in sales last month as...
FX option expiries for 19 January 10am New York cut
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at 1.0850, which sits just above its 200-day moving average of 1.0845. Put together, that should provide some support for price action during the session ahead - that is if there is...
Yen’s Decline Persists Following Japan CPI Release, Dollar Upholds Its Lead
Yen’ decline resume today after release of Japan’s latest CPI data, which suggests that BoJ is not be under immediate pressure to exit its negative interest rate policy. . Economists have noted a crucial aspect of Japan’s inflation dynamics: while cost-push inflation...
Aussie Stems the Bleeding – Action Forex
The Australian dollar has stablilized after a nasty tumble this week. In the European session, AUD/USD is trading at 0.6555, up 0.06%. The Aussie ignored a weak employment report which showed job growth plunged by 65,100 in December. The unemployment rate remained...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0857; (P) 1.0870; (R1) 1.0896; More… Intraday bias in EUR/USD remains neutral first and outlook stays bearish with 1.0995 resistance intact. break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2616; (P) 1.2656; (R1) 1.2715; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 147.33; (P) 147.92; (R1) 148.75; More… Intraday bias in USD/JPY is turned neutral first with 4H MACD crossed below signal line. Some consolidations would be seen first. But retreat should be contained above 144.34 support to bring another rally....
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8604; (P) 0.8645; (R1) 0.8684; More…. Focus remains on 0.8665 support turned resistance in USD/CHF. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor...
Gold Outlook: Bears Likely to Consolidate Before Fresh Attack at Psychological $2000 Support
Gold price edged higher from five-week low after 2.4% drop in past two days found firm ground just above psychological $2000 level, now acting as solid support. Yellow metal was deflated by hawkish comments from the US policymakers and recent upbeat economic data,...
Sunset Market Commentary – Action Forex
Markets Markets received another dose of realism in the form of solid US economic data. US December housing data came in on the strong side of expectations. Building permits, seen as a leading indicator for the sector, rose by 1.9% m/m (1495k) vs 0.7% expected....
BTCUSD Stuck in Tight Range
BTCUSD extends sideways move in narrow range The 200-period SMA rejects any upside attempts Momentum indicators deep in their negative zones BTCUSD (Bitcoin) has experienced a strong decline from its recent two-year peak of 49,051, dropping to as low as 41,400....
ECB Preview: Stocktaking
Next week’s ECB meeting is set to see few, if any, new policy signals, given the limited new information that has been released since the December meeting. We expect President Lagarde to confirm that the next policy rate change is most likely a cut, which may happen...
GBP/USD Eyes UK Retail Sales
UK retail sales expected to dip by 0.5% on Friday The British pound has edged lower on Thursday. In the European session, GBP/USD is trading at 1.2655, down 0.20%. Markets brace for retail sales downswing What goes up must come down. That has the markets fretting...
Dollar Rises on Jobless Claims, Fed Cut Expectations Continue to Shift
Dollar bounces in early US session, buoyed by unexpectedly low initial jobless claims data, which also lifts US 10-year yield. One of the key themes emerging this week is recalibration of market expectations regarding rate cut by Fed in March, with the probability now...
US initial jobless claims fell to 187k, lowest since Sep 2022
US initial jobless claims fell -16k to 187k in the week ending January 13, below expectation of 207k, marking the lowest level since September 24, 2022. Four-week moving average of initial claims fell -5k to 203k. Continuing claims fell -26k to 1806k in the week...
(ECB) Monetary policy accounts – Action Forex
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 13-14 December 2023 1. Review of financial, economic and monetary developments and policy options Financial market...
ECB minutes reveal growing confidence in inflation control, but clear wage turnaround awaited
ECB’s meeting minutes for the December 13-14 session indicate that officials believe monetary policy is “working as intended”, with disinflationary processes “proceeding well and probably more strongly than had been anticipated”. The decline in November’s inflation...
US Dollar Index Battles With SMAs Near 103.00
US dollar index fails to extend upside move from 100.27 200-day SMA acts as important resistance RSI weakens above 50 The US dollar index is currently struggling to surpass the significant 200-day simple moving average (SMA), which stands near the 103.20 barrier. The...
Bank of Japan Meets But No Fireworks Expected
BoJ to keep interest rates and yield curve control unchanged Friday’s CPI data may show abating inflationary pressures Wage negotiations could decide exit from ultra-loose policy Yen suffers as markets dial back rate hikes BoJ makes baby steps towards policy...
US SPX 500: Bulls Getting Lethargic, and At Risk of a Minor Corrective Decline
The US 10-year Treasury yield has pierced above 4.06% & its 200-day moving average; a sign that recent easing liquidity conditions have started to abate. A 3-year low seen in the implied correlation among S&P 500 constituents may trigger an imminent spike in...
Elliott Wave Analysis: Dollar Index Approaching Resistance at 104
Markets are sideways but volatility can step in if there will be any major news out from the World Economic Forum in Davos, Switzerland. There are a number European central bank officials who noted that markets went to far regarding cut expectations, so it will be...
WTI Oil Futures Swing Within Neutral Triangle
WTI oil futures extend horizontal move Resistance at 73.85; support at 69.60 WTI oil futures (February delivery) have been in a range so far in January, printing a neutral triangle pattern at the bottom of the broad bearish channel. Given the RSI’s continuous efforts...
EURUSD Finds Support at the 200-day SMA
EURUSD had been rangebound before sliding lower But the retreat ceases at the 200-day SMA Momentum indicators remain tilted to the downside EURUSD had been trading sideways since the beginning of the year following its pullback from the December high of 1.1138. The...
AUDUSD Edges Higher After 2-Month Low
AUDUSD remains beneath uptrend line and 200-day SMA Bearish wave on the cards RSI and stochastic suggest upside recovery AUDUSD is recouping some losses today after the aggressive sell-off of the preceding three days, posting a new two-month low near 0.6520. The pair...
Markets Scaled Back Expectations for March Fed Rate Cut to About 50%
Markets Yesterday’s, the news flow unidirectionally supported recent central bankers’ mantra that there is no case to rush for early and/or outsized rate cuts any time soon. UK inflation unexpectedly rebounded with both core inflation (5.1%) and services inflation...
Forex Markets Steady with Stabilized Sentiment, Aussie’s Recovery Dampened by Job Data
The forex market displayed relative tranquility in Asian session, with major currencies confined to tight ranges. This subdued atmosphere reflects a degree of stabilization in investor sentiment, mirrored in the performance of major Asian stock indexes which are...
FX option expiries for 18 January 10am New York cut
There aren't any major expiries to take note of on the day. As such, trading sentiment will revolve around the technicals and market mood for the most part. On the latter, do keep an eye out on the bond market with 10-year Treasury yields lurking just above its...
EUR/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… EUR/CHF’s break of 0.9402 support turned resistance suggests that down trend from 1.0095 has completed at 0.9252 already. Rebound from there is tentatively seen as a corrective move first. Intraday bias is now...
U.S. Retail Sales Close 2023 on an Stellar Note
Retail sales rose by 0.6% month-on-month (m/m) in December, extending November’s 0.3% gain. This was higher than consensus forecast calling for an increase of 0.4%. Trade in the auto sector was up on the month rising by 1.1% m/m. This reflected an increase in sales at...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 146.08; (P) 146.70; (R1) 147.80; More… Intraday bias in USD/JPY remains on the upside at this point. Current rise from 140.25 should target 151.89/93 key resistance zone next. On the downside, below 146.40 minor support will turn intraday bias...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8574; (P) 0.8597; (R1) 0.8639; More…. Immediate focus in now on 0.8665 support turned resistance as rebound from 0.8332 extends today. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995....
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2592; (P) 1.2664; (R1) 1.2709; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, firm break of 1.2611 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain...
Sunset Market Commentary – Action Forex
Markets ECB president Lagarde immediately set the tone for trading in a Bloomberg interview at the World Economic Forum in Davos. She repeated that the ECB is watching wages, profit margins, energy prices and supply chains over the next months before firmly concluding...
SNB’s Jordan highlights challenges for Swiss firms due to Franc’s real appreciation
In an interview with Bloomberg TV, SNB President Thomas Jordan noted that for a prolonged period, the Swiss economy experienced primarily a nominal appreciation of its currency. He described that as “very helpful” as it helped shield Switzerland from external...
Pound Doesn’t Give Up Without a Fight, Thanks to CPI
UK inflation statistics sparked a 0.8% rally in the pound on Wednesday morning, supporting GBPUSD gains against a general pull from risk assets. According to data released on Wednesday morning, the General Price Index rose by 0.4% for December against an expected...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0841; (P) 1.0897; (R1) 1.0933; More… Intraday bias in EUR/USD remains on the downside at this point. Current decline from 1.1138 is in progress for 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has completed, and...
Unexpected UK CPI Boosts Sterling, Risk Aversion Continues
Sterling emerged as the star performer in today’s market, largely driven by surprising inflation data from the UK. CPI inflation in December showed an unexpected acceleration, with core CPI remaining at elevated level. This development led to a swift change in the...
US retail sales grows 0.6% mom in Dec, ex-auto sales up 0.4% mom
US retail sales rose 0.6% mom to USD 709.9B in December, above expectation of 0.4% mom. Ex-auto sales rose 0.4% mom to USD 573.4B, above expectation of 0.2% mom. Ex-gasoline sales rose 0.7% mom to USD 656.7B. Ex-auto, gasoline sales rose 0.6% mom to USD 520.2B. Full...
Gold Price Dips Again and Crude Oil Price Turns Red
Gold price is correcting gains below the $2,040 support. Crude oil prices declined steadily below the $72.90 support and moved into a bearish zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price climbed higher toward the $2,060 zone before it...
A Bearish Lull in Crypto?
Market picture The crypto market has been going around in circles since 13 January, staying near levels 24 hours ago, although Bitcoin’s intraday range exceeded 3.5%. Reaching the highs of the recent trading range triggered a methodical sell-off early on Wednesday and...
British Pound Gains Ground as UK Inflation Rises
UK inflation rises unexpectedly GBP/USD climbs higher The British pound has edged higher after UK inflation rose unexpectedly in December. In the European session, GBP/USD is trading at 1.2694, up 0.47%. UK inflation rises to 3.9% UK inflation has a tendency to...
GBP/USD Putlook: Cable Jumped Around 0.4% in European Trading on Wednesday
Cable jumped around 0.4% in European trading on Wednesday, lifted by above forecast UK December inflation data, which soured the sentiment about rate cut, pushing percentage of bets for rate cut by May significantly lower. Fresh gains move the price from dangerous...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 185.26; (P) 185.72; (R1) 186.45; More… GBP/JPY’s rally from 178.32 resumed by breaking through 186.14 temporary top. Intraday bias is back on the upside for retesting 188.63 high next. On the downside, below 185.79 minor support will turn intraday...
Gold Moves Horizontally in Near Term
Will gold extend its negative wave below 2,013? Holds beneath SMAs and Ichimoku cloud Technical oscillators suggest bullish correction Gold prices have been posting a negative wave over the last two days in the 4-hour chart, holding beneath the Ichimoku cloud and the...
Eurozone CPI finalized at 2.9% yoy in Dec, core CPI at 3.4% yoy
Eurozone CPI was finalized at 2.9% yoy in December, up from November’s 2.4% yoy. CPI core (ex-energy, food, alcohol & tobacco) was finalized at 3.4% yoy, down from prior month’s 3.6% yoy. The highest contribution to the annual euro area inflation rate came from...
ECB’s Lagarde suggests potential summer rate cut, but maintains reserved stance
In an interview at Bloomberg House in Davos, ECB President Christine Lagarde said “it’s likely” for a rate cut in the summer, but added that she has to be “reserved”. She emphasized ECB’s data-dependent approach and acknowledged the prevailing uncertainty and certain...
NZDUSD Plummets Below 50-day SMA
NZDUSD extends its recent bearish leg Violates 50-day SMA and eyes 200-day SMA Oscillators endorse the recent dive NZDUSD had been in a steep uptrend since its 2023 low of 0.5772, generating consecutive higher highs. However, the advance stalled around the 78.6%...
Natural Gas Perfect Reaction Higher From Extreme Area
In this technical blog, we will look at the past performance of the 4-hour Elliott Wave Charts of Natural Gas ticker symbol: $NG_F. In which, the rally from the 29 March 2023 low unfolded in an impulse sequence & provided an extreme trading opportunity. In this...
FX option expiries for 17 January 10am New York cut
There is just one to take note of for the day, as highlighted in bold.That being for EUR/USD at 1.0850, which sits relatively close to the 200-day moving average for the pair at 1.0846. Put together, they might act as a sticking point for downside price action in the...
Market Trepidation Over Chinese Data, Dollar Marches On
Prevailing mood of risk aversion was evident in Asian session today. Hong Kong stocks led the region lower, reflecting investors’ dissatisfaction with the latest batch of Chinese economic data. While China’s Q4 GDP growth wasn’t far off from analysts’ expectations, it...
EUR/USD: Euro Loses Ground, Key Supports Under Increased Pressure
The Euro accelerated lower in Europe, shifting near term focus to the downside after a double failure at psychological 1.10 barrier. Fresh bears pressure pivotal Fibo support at 1.0875 (38.2% retracement of 1.0448/1.1139, reinforced by rising 55DMA), with firm break...
British Pound Slips as Wage Growth Slides
UK wages ease to 6.5% GBP/USD falls UK to release inflation on Wednesday The British pound is sharply lower on Tuesday after a solid UK employment report. In the European session, GBP/USD is trading at 1.2641, down 0.68%. UK wage growth falls sharply The UK employment...
Canada’s CPI rises to 3.4% in Nov on gasoline base-year effect
Canada’s CPI accelerated from 3.1% yoy to 3.4% yoy in November, above expectation of 3.3% yoy. The acceleration was largely due to base-year effect on gasoline prices. Excluding gasoline, CPI slowed slightly from 3.6% yoy to 3.5% yoy. On a monthly basis, CPI was down...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0934; (P) 1.0951; (R1) 1.0968; More… EUR/USD’s fall from 1.1138 short term top is trying to resume be breaching 1.0876. Intraday bias is back on the downside for 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has...
Canada: Little Progress on Inflation in December
As expected, headline CPI inflation moved in the wrong direction in December, rising three ticks to 3.4% year-on-year (y/y). Energy prices, and more specifically gasoline prices, were a key culprit boosting headline CPI higher. Gasoline prices fell on a monthly basis,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… Immediate focus is now on 1.2611 support in GBP/USD with today’s fall. Firm break there will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, near term outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332...
Sunset Market Commentary – Action Forex
Markets With US investors returning from the Martin Luther King Holiday, question was whether US markets would join yesterday’s rebound in German yields. Or would they maintain their soft bias as was the case after last week’s CPI and even more US PPI data? Early in...
Australian Employment Report in Focus as Aussie Dives
Australia to add fewer jobs than before Unemployment rate to remain unchanged Aussie plummets ahead of the release on Thursday at 00:30 GMT Data on employment continues to be relatively reliable. In most months, the increase in the labor force is bigger than the rise...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY’s rally from 140.25 resumed by breaking 146.40 and intraday bias is back on the upside. Strong resistance should be seen from 61.8% retracement of 151.89 to 140.25 at 147.4 to limit upside. On the...
Dollar’s Rally Unfazed by Weak Manufacturing Data, Bolstered by Risk Aversion
Dollar continues its strong rally in early U.S. session, making an attempt to surpass January high against Euro. The market appears to be ignoring surprisingly poor results of Empire State Manufacturing survey. Instead, mild risk-off sentiment is prevailing, offering...
US Empire State manufacturing dives to -43.7, lowest since May 2020
US Empire State Manufacturing general business conditions index fell sharply from -14.5 to -43.7 in January, hitting the lowest level since May 2020. Looking at some details, new orders fell from -11.3 to -49.4. Shipments fell from -6.4 to -31.3. Prices paid rose from...
USDCAD Breaks Above Downtrend Line
USDCAD surges after breaking a downtrend line MACD and RSI detect positive momentum A dip below 1.3345 is needed to turn the picture bearish again USDCAD traded sharply higher today, after it broke above the downtrend line drawn from the high of November 1. The pair...
Pound Enters Correction Phase – Action Forex
The British Pound has lost around 0.5% against the Dollar since the start of the day on Tuesday, falling to 1.2660. Markets have eased expectations for aggressive US interest rate cuts. In addition, UK employment data was released that provided new evidence of a...
German’s ZEW rises to 15.2 on rate cut expectations
Germany’s ZEW Economic Sentiment rose from 12.8 to 15.2 in January, above expectation of 12.7. Current Situation index fell slightly from -77.1 to -77.3, below expectation of -77.0. Eurozone ZEW Economic Sentiment fell from 23.0 to 22.7, above expectation of 21.9....
Canadian Dollar Lower Ahead of CPI Data
Canada’s inflation rate expected to rise to 3.4% Inflation expectations for businesses ease The US dollar has posted gains against all of the major currencies on Tuesday. In the European session, USD/CAD is trading at 1.3494, up 0.50%. January hasn’t been kind to the...
ECB’s Valimaki addresses market uncertainty rate and inflation outlook
In a Reuters interview, ECB Governing Council Member Tuomas Valimaki addressed the disparity between market pricing, which suggests a 150 basis points rate cut this year, and the views of economists. He pointed out that the expectations reflected in money markets do...
EURJPY Sustains Short-term Bullish Structure
EURJPY takes a breather after one-month high A break above the 160 area is required EURJPY has been moving back and forth within the 158.50-160.00 region following last week’s aggressive bounce to a one-month high of 160.17. Technically, the short-term range is formed...
GBPUSD Slides But Remains Stuck in Rangebound Pattern
GBPUSD experiences losses in the past couple of sessions But its short-term sideways structure holds Momentum indicators turn slightly negative GBPUSD had been trending higher within an upward sloping channel, posting a fresh four-month peak of 1.2826 in late...
AUDUSD Slips to 1-month Low
AUDUSD posts a new negative wave RSI looks oversold 50- and 200-period SMAs ready for bearish cross AUDUSD is plunging towards a fresh one-month low of 0.6606 today, confirming the negative structure that started from 0.6870. Technically, the short-term risk is...
‘First Five Days’ Rule Points to a Challenging Year
US equity indices declined in the first five trading sessions of January. This dynamic promises a challenging year for the stock market, according to the old “first five days” rule. Identifying a defining trend would have been an easy task if not for stabilisation on...
UK Wage Growth Cools Which Could Enable Earlier BoE Rate Cuts
Labour market figures this morning have kicked off a big week of economic data for the UK in a promising way, with wage growth a particular highlight from the report. For a long time now, central banks have indicated that a significant amount of pressure from higher...
FX option expiries for 16 January 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will revolve more around the technicals and broader market mood. On the latter, risk tones are leaning more defensively to start the day while Treasury yields are sitting higher....
Dollar Defies Increasing Rate Cut Expectations, Gains Ground on Risk-Off Sentiment
Dollar rises broadly on risk-off sentiment today, as as Hong Kong stocks led the region lower. The greenback’s strength comes despite growing calls for Fed to initiate policy loosening earlier. Notably, Goldman Sachs has joined this chorus, predicting an initial rate...
Dollar Stalls, Turns to US Retail Sales for Direction
US retail sales expected to have risen again in December Strong dataset could dampen speculation of rapid Fed rate cuts Data due at 13:30 GMT Wednesday, crucial for dollar’s path Waiting for Fed rate cuts The US economy put in a stellar performance last year. Real...
ECB’s Holzmann cautions against premature rate cuts amid uncertainty
During the World Economic Forum in Davos, ECB Governing Council member Robert Holzmann expressed skepticism about the possibility of rate cuts in the near term. He told CNBC, “I cannot imagine that we’ll talk about cuts yet, because we should not talk about it.” His...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0929; (P) 1.0958; (R1) 1.0980; More… No change in EUR/USD’s outlook as it’s staying in very tight range. Intraday bias stays neutral at this point. Further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2721; (P) 1.2753; (R1) 1.2787; More… GBP/USD is extending consolidation from 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8332 is extending. Also, outlook stays bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 144.32; (P) 144.95; (R1) 145.54; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the...
Brent Crude Oil Experiences Upward Trend
Brent prices have been rising for three consecutive days as of this Monday. The price of a Brent barrel has climbed to 79.00 USD, and there are underlying reasons for this surge. The focal point of attention is the unfolding events in the Red Sea, where the situation...
Could the Market Price in an ECB Rate Cut in March?
Data have to turn quickly negative for the March gathering to become live Market assigns only 30% chance for a March move; April rate cut is a done deal January concludes with preliminary PMIs and the January 25 ECB meeting Despite the upside surprise at the December...
USDJPY on the Rise Again
USDJPY tries to switch medium-term outlook to bullish Prices hold within Fibonacci levels Technical signals are positive USDJPY is looking to resume its bullish trend, having softly pivoted near the 50.0% Fibonacci retracement level of the down leg from 151.90 to...
Sunset Market Commentary
Markets US markets are closed today for Martin “I have a dream” Luther King Day. That brought Europe at the center of attention today and that’s what we’ll do in this report as well. Our angle is German, as the country reported a first, very early estimate of growth...
Euro Edges Up on ECB Hawks’ Comments, But Momentum Limited
Euro trades mildly higher today after two known ECB hawks raised skepticism about a near term rate cut. Yet, upside momentum is somewhat tempered by weak trade and production data. Also, Euro is outshone slightly by Dollar, but the latter is also struggling to break...
Euro Drifting Ahead of German CPI
The euro is showing limited movement on Monday. In the European session, EUR/USD is trading at 1.0948, down 0.02%. German inflation is on the rise Germany’s inflation rate climbed to 3.7% y/y in December, up from 3.2% in November, which was a two-year low. We’ll get...
ECB’s Nagel signals caution, rate cuts possible after summer break
In an interview with Bloomberg TV, ECB Governing Council member and Bundesbank President Joachim Nagel hinted at the possibility of delaying interest rate cuts until after the summer, stating, “Maybe we can wait for the summer break.” However, he was cautious not to...
Eurozone industrial production down -0.3% mom in Nov, EU down -0.2% mom
Eurozone industrial production fell -0.3% mom in November, match expectations. Industrial production fell by -2.0% mom for durable consumer goods, by -0.8% mom for capital goods and by -0.6% mom for intermediate goods, while production grew by 0.9% mom for energy and...
Eurozone goods exports fell -4.7% yoy in Nov, imports down -16.7% yoy
Eurozone goods exports to the rest of the world fell -4.7% yoy to EUR 252.5B in November. Goods imports fell -16.7% yoy. A EUR 20.3B goods trade surplus was recorded. Intra-Eurozone trade fell -9.4% yoy to EUR 227.2B. In seasonally adjusted term, goods exports rose...
Dollar Index: Firmer Tone Keeps in Play Hopes for Test of Near-Term Range Top
The dollar index keeps positive tone in holiday-thinned Monday’s trading and attempting again through pivotal Fibo barrier at 102.27 (50% retracement of 104.27/100.29 bear-leg), where the action failed several times recently. Sustained break here to improve near-term...
Bitcoin Tests the Strength of an Uptrend
Market picture Last week saw the launch of 11 spot bitcoin ETFs in the US. On Thursday, the first day of trading, the total volume traded in these ETFs was $4.6 billion, and the price of bitcoin reached a multi-month high near $49000. The “sell the facts” pattern was...
GBP/USD Eyes UK Wage Growth
UK wage growth expected to drop to 6.8% UK GDP rises 0.3%, but risk of recession remains The British pound has started the week with slight losses. In the European session, GBP/USD is trading at 1.2725, down 0.21%. Wage growth expected to continue falling The UK will...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 158.27; (P) 158.96; (R1) 159.37; More… Intraday bias in EUR/JPY remains neutral for the moment. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% projection of 153.15 to 158.55 from 155.06 at 160.46 will pave...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 184.33; (P) 184.99; (R1) 185.51; More… Intraday bias in GBP/JPY stays neutral and further rally is in favor as long as 182.73 minor support holds. Corrective pull back from 188.63 should have completed. Above 186.14 will resume the rebound from...
EUR/USD Blocked in Tight Sideways Range
Markets Markets on Friday again took somewhat of a biased reading, both of the developments in the Middle East and the US eco data. The air strikes of the US and the UK against Houthi targets in Yemen (temporarily) propelled Brent oil above $80 p/b. However, the...
Forex and Cryptocurrencies Forecast – Action Forex
EUR/USD: Market Anticipates Federal Reserve Rate Cut We published our global forecast for EUR/USD for the upcoming year in the last week of 2023. Now, moving from long-term projections, we return to our traditional weekly reviews, which have been conducted by the...
FX option expiries for 15 January 10am New York cut
There are a couple to take note of, as highlighted in bold.And both are for EUR/USD, at the 1.0950 and 1.1000 levels. Given that there is still notable resistance at the 1.1000 mark, the expiries could help to keep price action more contained just below that and...
Tranquil Opening to a Data-Heavy Week: Major Data from US, UK, Japan Featured
The forex markets commenced the week on a relatively quiet note, despite generally positive risk sentiment. This was highlighted by Japan’s Nikkei, which continued its impressive performance, breaking above 35k mark to reach new three-decade highs. The robust momentum...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF’s recovery from 0.9252 short term bottom extended higher last week, but upside was capped below 0.9402 support turned resistance. Initial bias remains neutral this week and outlook staying bearish. On the downside, break of 0.9252 will resume larger down trend...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rebound from 1.6127 short term bottom extended higher last week, but failed to break through 1.6478 resistance and retreated. Initial bias is neutral this week first, but further rise is in favor as long as 1.16278 minor support holds. On the upside, firm...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP fell to 0.8585 last week but turned sideway since then. Initial bias stays neutral this week and more consolidations could be seen. But further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY roses further to 160.17 last week but retreated ahead of 100% projection of 153.15 to 158.55 from 155.06 at 160.46. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 160.46 will...
GBP/JPY Weekly Outlook – Action Forex
GBP/JPY’s strong break of 184.15 resistance last week indicates that corrective fall from 188.63 has completed at 178.32. But as a temporary top was formed at 186.14, initial bias is neutral this week first. Further rally is in favor as long as 182.73 minor support...
SOSV-backed Biotech Firm Cell BioEngines Decides New York Is the Place to Be
Cell BioEngines, Inc moves to Manhattan, New York, to leverage the city’s focus and strategic investment in biotechNEW YORK, Jan. 13, 2024 (GLOBE NEWSWIRE) — Cell BioEngines, Inc., founded by visionary Dr. Ajay Vishwakarma aiming to turn cancer into a curable disease...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s rebound from 1.3176 short term bottom extended higher last week but lost momentum ahead of 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Initial bias is turned neutral this week first. Further rise is mildly in favor as long as 1.3339 minor support holds....
Senate bill would put citizenship question on census, stop non-citizens being counted for redistricting
FIRST ON FOX: Sen. Bill Hagerty, R-Tenn., will introduce legislation next week that would put a citizenship question on the census to prevent non-citizens from being counted for congressional apportionment — amid a surge of migrants in recent years due to the ongoing...
AUD/USD Weekly Report – Action Forex
AUD/USD turned into sideway trading above 0.6639 last week. Initial bias remains neutral this week and further decline is expected as long as 0.6759 minor resistance holds. Firm break of 0.6639 will resume the fall from 0.6870 to 61.8% retracement of 0.6269 to 0.6870...
Shareholder Alert: Boeing, Spirit AeroSystems and Alaska Air Investigated by Johnson Fistel, LLP; Should Management be Held Accountable for Investors’ Losses?
SAN DIEGO, Jan. 13, 2024 (GLOBE NEWSWIRE) — On January 4, 2024, Alaska Airlines Flight 1282, a Boeing 737 Max 9 aircraft, was forced to make an emergency landing minutes after takeoff a panel of the plane (called a door plug) snapped off at 16,000 feet, several...
USD/CHF Weekly Outlook – Action Forex
USD/CHF stayed in consolidation above 0.8332 last week and outlook is unchanged. Initial bias stays neutral this week first. Outlook will also remain bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall...
Biden admin issues new natural gas tax in latest fossil fuel crackdown
The Biden administration unveiled a new regulatory proposal Friday that would introduce a new tax on the fossil fuel industry, punishing producers that exceed a certain level of methane emissions.The Environmental Protection Agency (EPA), which spearheaded the...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s rebound from 140.25 resumed last week and edged higher to 146.40. But subsequent retreat indicates temporary topping. Initial bias is neutral this week first. Further rise is mildly in favor as long as 143.41 minor support holds. Above 146.40 will target...
SHAREHOLDER RIGHTS INVESTIGATION: Halper Sadeh LLC Investigates TGAN, JNPR, SWN, SOLO
NEW YORK, Jan. 13, 2024 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:Transphorm, Inc....
EUR/USD Weekly Outlook – Action Forex
EUR/USD turned into range trading above 1.0876 last week. Initial bias stays neutral this week first, but further fall is in favor as long as 1.0997 minor resistance intact. Break of 1.0876 will resume the fall from 1.1138 to 1.0722 support next. Nevertheless, firm...
Dollar’s Indecisive Week, Rate Cut Bets Hold Despite Inflation Surprises
Dollar demonstrated a distinct lack of decisiveness in its trading last week, encapsulating a theme of uncertainty that has become characteristic since the start of the year. The greenback has indeed close the week within prior week’s range against most major...
Eric Adams rips Texas Gov. Abbott for ‘mean-spiritedness’ on illegal immigrant crisis
New York City Mayor Eric Adams (D) ripped Texas Gov. Greg Abbott (R) for his “mean-spiritedness” in the illegal immigration crisis, saying he has “devastated” the lives of asylum-seekers.Adams made those comments Thursday on Good Morning America 3, where he said the...
GBP/USD Weekly Outlook – Action Forex
GBP/USD gyrated higher last week but upside is capped below 1.2826 resistance. Initial bias stays neutral this week first, and more sideway trading would be seen. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, another fall...
Should You Buy Imperial Equities Inc. (CVE:IEI) For Its Upcoming Dividend?
Imperial Equities Inc. (CVE:IEI) stock is about to trade ex-dividend in 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be …Read Full Story at source (may require registration) Latest posts by...
Week Ahead – China GDP and UK December CPI Reports Eyed Amid Rate Cut Frenzy
China reports Q4 GDP data on Wednesday; is a rebound in store? CPI numbers due in UK, Japan and Canada Retail sales to be the main focus in the US Is China’s recovery getting back on track? The Chinese economy suffered several wobbles in 2023, as the property crisis...
FPIs invest ₹3,864 crore in Indian equities so far in January; Will inflows sustain in 2024?
FPIs have bought ₹3,864 crore worth of Indian equities and the total inflow stands at ₹9,034 crore as of January 12, taking into account debt, hybrid, debt-VRR, and equities, according to NSDL.Read Full Story at source (may require registration) Latest posts by...
Canadian Inflation Likely Ticked Up in December But Easing Trend to Continue
December inflation numbers and the Bank of Canada’s own business and consumer surveys will headline a slew of Canadian indicators ahead of the central bank’s next interest rate decision later this month. Canadian headline CPI growth is expected to tick slightly higher...
State of the Race: Blizzard derails Iowa campaign events; will below zero temps depress caucus turnout
The blizzard conditions across Iowa that sidetracked the presidential campaign trail three days ahead of the state’s caucuses were just the first punch.Now comes frigid below zero temperatures, which are forecast for the weekend and into next week. And the bitterly...
Weekly Economic & Financial Commentary
Summary United States: Inflation’s Downward Trend Remains in Place Inflation continues to cool. Although rising energy prices drove a hotter-than-expected change in the headline CPI, the core CPI was up 3.9% year-over-year in December, bringing the annual change below...
Climate protesters disrupt Ramaswamy town hall in Iowa
Climate protesters continue appearing on the campaign trail in Iowa, this time disrupting a town hall Friday night held by Republican presidential candidate Vivek Ramaswamy. At least six protesters were spotted attempting to shout down the biotech entrepreneur at an...
The Weekly Bottom Line: The Long and Bumpy Road
U.S. Highlights An upside inflation surprise didn’t do much to move markets, as the details of the report fell in line with expectations. The focus remains firmly on the services sector, where housing costs continue to prop up price growth. Looking forward, the Fed...
Gold prices at ₹5,770 per gram, silver prices unchanged on Jan 13
Gold prices on Saturday remained at ₹5,770 per gram for 22K gold and ₹6.295 per gram for 24K gold. ‘K’ or carat is a term used to measure the purity of gold. A 24K gold is considered pure gold as it …Read Full Story at source (may require registration) Latest posts by...
Summary 1/15 – 1/19
Monday, Jan 15, 2024 Tuesday, Jan 16, 2024 Wednesday, Jan 17, 2024 Thursday, Jan 18, 2024 Friday, Jan 19, 2024 The post Summary 1/15 – 1/19 appeared first on Action Forex.
Wood: The deadline to repay small-business loans must be extended
The Canada Emergency Business Account ( CEBA ) loan was introduced on April 9, 2020, to help offset the revenue losses small businesses were experiencing from closures due to the pandemic. To claim …Read Full Story at source (may require registration)Author: Latest...
Will the UK Inflation Data Pour Cold Water on BoE Rate Cut Bets?
BoE highlights “higher for longer” message in December Yet, investors are penciling in aggressive rate reductions CPI inflation data for December could well impact that view The numbers are scheduled for Wednesday at 07:00 GMT Investors don’t pay attention to BoE’s...
Lendstart Announces Best Small Business Loans December 2023
Tel Aviv, Israel–(Newsfile Corp. – January 12, 2024) – Lendstart announces the best small business loans for December 2023. In a significant move to support small businesses, Lendstart, a pioneering …Read Full Story at source (may require registration)Author: Latest...
Global Implications of a Soft U.S. Landing
Summary The continued resilience in U.S. activity has prompted a significant shift in our outlook for the U.S. economy. Our U.S. economics colleagues now believe the U.S. economy will avoid recession, achieve a “soft landing”, and experience continued expansion...
Gold futures look to score their biggest daily gain since mid-December
Gold futures rallied Friday, prompting prices to turn higher for the week, as U.S. and U.K. airstrikes in Yemen, in response to Houthi rebel attacks on ships in the Red Sea, raised the precious metal’s appeal as a safe-haven investment.Read Full Story at source (may...
Market Continues to Price in Aggressive Rate Cuts for 2024
The 2024 market theme remains for several rate cuts from most central banks Fed is seen cutting rates six times despite the November Presidential election ECB and the BoC to cut first; RBA the last one to join the club BoJ is finally seen hiking for the first time...
SAVE plan borrowers to receive early student loan forgiveness starting in February
The Biden administration said on Friday that it would next month start forgiving student loans of borrowers involved in the Saving on a Valuable Education plan who paid payments for 10 years.Read Full Story at source (may require registration)Author: Latest posts by...
Weekly Focus – Taiwan Election Key for Geopolitical Tensions
The main release this week was US inflation, which surprised slightly to the upside with core inflation coming in at 3.9% y/y (consensus 3.8% y/y) as service inflation is still proving sticky. It contrasts with the signals in the euro area where we have seen a clearer...
Gold and silver rally as airstrikes raise risk of broader Middle East conflict
Gold prices gained on Friday as fears of escalating conflict in the Middle East boosted the metal’s safe-haven appeal, outweighing a higher dollar and Treasury yields following slightly stronger than …Read Full Story at source (may require registration) Latest posts...
USD/CAD – Technical Analysis Forecast
Canada CPI and BOC Overnight Rate schedule Technical Analysis for Monthly, Daily, and 4-hour charts The Canadian Dollar opened 2024 with a decline against the US Dollar, the Forex pair USD/CAD rose from 1.3180 in late December 2023 to its current average price of...
Forex Markets Show Hesitation, Gold on the Rise
Today’s trading in the forex markets reflects a sense of indecision among investors. Dollar, which initially showed signs of recovery, faced an abrupt halt following unexpected decline in US PPI for December. British Pound, despite the release of...
LeapCharger to Cancel 32 Million Shares of Common Stock
CARSON CITY, NV, Jan. 12, 2024 (GLOBE NEWSWIRE) — via NewMediaWire – LeapCharger Corporation (OTC: LCCN) (“LeapCharger” or the “Company”), an electric vehicle (EV) charging company with disruptive and innovative technology providing eco-friendly and sustainable...
NIESR forecasts 0.2% UK GDP growth in Q1
NIESR estimated UK’s GDP remained “flatlined” in the final quarter of 2023. Looking ahead, NIESR forecasts modest uptick in GDP growth for the first quarter of 2024 by 0.2%. This forecast aligns with broader trend observed in UK economy, characterized by “low, but...
Commodity Roundup: Gold gains 1% on Middle East risks, oil jumps 4%; WASDE report in focus
Gold prices rose on Friday as investors sought to reduce exposure to riskier markets amid escalating Middle East tensions, which drove safe-haven flows into bullion, but was set for a second-straight …Read Full Story at source (may require registration) Latest posts...
Australian Dollar Edges Up as China CPI Slips
China’s CPI declines by 0.3% Fed’s Mester pushes back against March rate cut expectations The Australian dollar has edged higher on Friday. In the European session, AUD/USD is trading at 0.6693, up 0.09%. Policy makers at Australia’s central bank are keeping a close...
NYC Mayor Adams reverses NYPD budget cuts planned due to city’s spiraling migrant crisis
New York City Mayor Eric Adams on Wednesday announced that the city is reversing budget cuts targeting the city’s police department that had been planned as a result of the enormous costs of the migrant crisis the sanctuary city is facing.“Under this administration,...
AUDUSD Remains in Positive Territory
AUDUSD fails to fall below 0.6645 Price holds well above uptrend line RSI is flattening AUDUSD has been in a somewhat positive corrective mode during the week, earning back some losses from the December 28 high of 0.6870. Entering the 0.6700 area has been a struggle...
The Morning Briefing: Upward trend for US equities; Quilter app’s 100,000 downloads
Good morning and welcome to your Morning Briefing for Friday 12 January 2024. To get this in your inbox every morning click here. US equities on an ‘upward trend’ US equities are an “upward trending …Read Full Story at source (may require registration) Latest posts by...
GBP/JPY Daily Outlook – Action Forex
GBP/JPY’s rebound 178.32 is in progress and intraday bias stays on the upside. Current rise should target a test on 188.63 high. On the downside, break of 182.73 support is needed to indicate completion of the rebound. Otherwise, further rally will remain in favor in...
The Morning Briefing: Upward trend for US equities; Quilter app’s 100,00 downloads
Good morning and welcome to your Morning Briefing for Friday 12 January 2024. To get this in your inbox every morning click here. US equities on an ‘upward trend’ US equities are an “upward trending …Read Full Story at source (may require registration) Latest posts by...
AUD/USD and NZD/USD Eye Key Upside Break
AUD/USD is moving higher and might rally if it clears 0.6725. NZD/USD is also rising and could extend its increase above the 0.6255 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6680...
Sterling Leads the Week Ahead of UK GDP, Dollar Sluggish
Dollar’s fleeting post-CPI rally was very short-lived. The greenback quickly reversed its initial gains and has since been trading within a narrow range against other major currencies. Traders appear relatively unfazed by the stronger than expected inflation readings,...
FX option expiries for 12 January 10am New York cut
There are a couple to take note of, as highlighted in bold.The first being for EUR/USD at the 1.1000 mark, which remains a key resistance point for the pair since the turn of the year. As such, the expiries will add another resistance layer to help limit any upside...
SKIN IMPORTANT DEADLINE: ROSEN, A TOP RANKED LAW FIRM, Encourages The Beauty Health Company Investors with Losses to Secure Counsel Before Important January 16 Deadline in Securities Class Action – SKIN
NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of The Beauty Health Company (NASDAQ: SKIN) between May 10, 2022 and November 13, 2023, both dates inclusive (the “Class Period”), of the...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… Intraday bias in EUR/USD remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to...
SHAREHOLDER ALERT: Levi & Korsinsky Notifies VNET Group, Inc. (VNET) Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in VNET Group, Inc. (“VNET” or the “Company”) (NASDAQ: VNET) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of VNET investors...
US: Core Inflation Inches Down to 3.9% in December
The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in December, ahead of the consensus forecast calling for a more modest gain of 0.1% m/m. CPI rose 3.4% on a year-over-year basis – up from 3.1% in November. After having declined in each of the two months...
Zeem Solutions Achieves Nearly 10x Growth in 2023
Leading EV Charging Infrastructure and Fleet Management Provider Delivered More Than 1 Gigawatt Hour (GWh) of Electricity; Three Seasoned Executives Added to its Leadership TeamZeem Solutions LAX Charging Depot Zeem Solutions’ innovative EV Charging Depot and Fleet...
Sunset Market Commentary – Action Forex
Markets Trading initially was a long-drawn countdown to today’s US December CPI. Investors tentatively positioned for a rather soft report, with US yields easing 3-4 bps before publication of the data. The report brought a modest upside ‘surprise’. Headline inflation...
China hit with US$3.4 billion equities outflow as wary investors eye other emerging markets
Chinese equities suffered a US$3.4 billion outflow from non-resident portfolios in the last month of 2023, while Chinese bonds only had a marginal US$189 million inflow for the same month, according …Read Full Story at source (may require registration) Latest posts by...
Nikkei225 Needs a Breather But Hardly Done Ascending
Japan’s Nikkei225 index hit new highs since February 1990 on Thursday morning and climbed above 35000. The rise accelerated sharply this week after breaking above the 34000 level, which acted as resistance in the second half of 2023. The fundamental reason for buying...
Dollar Gains Post-US CPI, But Momentum Subdued
The financial markets’ initial reactions to stronger than expected US CPI readings are relatively subdued. While there was an immediate response with Dollar and yields rising, and stock futures dipping, these movements lacked significant follow-through. The exception...
Home Sales Down, Prices Up Along Fairfield County’s Gold Coast
Home sales are down and prices are up along Fairfield County’s Gold Coast due to a lack of inventory over the past few years.The areas most affected by the challenges included Darien, New Canaan, and …Read Full Story at source (may require registration) Latest posts...
US initial jobless claims down slightly to 202k, vs exp 215k
US initial jobless claims fell -1k to 202k in the week ending January 6, lower than expectation of 215k. Four-week moving average of initial claims fell -250 to 207.75k. Continuing claims fell -34k to 1834k in the week ending December 30. Four-week moving average of...
Flu Vaccine Market growing at a CAGR of 6.7% to Reach an Estimate of US$ 11,181.3 million by 2034: Fact.MR. Report
Businesses Benefit from Collaborations and Immunization Campaigns Run by GovernmentsRockville , Jan. 11, 2024 (GLOBE NEWSWIRE) — The flu vaccine market has been witnessing a steady and consistent upward trend, with an estimated valuation of US$ 5,831.7 million in...
After Bitcoin-ETF Approval, Speculators Switch to Ethereum
Market picture The US Securities Commission (SEC) has announced the approval of the Bitcoin-ETP. The initial fake announcement of this created a spike in volatility. This is a stark reminder of how short-term traders are vulnerable to volatility from the news. Bitcoin...
Nexxen to Present at the Needham Growth Conference
NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) — Nexxen International Ltd. (AIM/NASDAQ: NEXN) (“Nexxen” or the “Company”), a global, unified advertising technology platform with deep expertise in video and Connected TV (“CTV”), announces it will participate in a fireside...
Nikkei 225 Sets 21st Century High
As the chart shows, this morning the Nikkei 225 price exceeded 35,700, its highest level in decades. The Nikkei 225 index reached its all-time high on December 30, 1989, at 38,957.44 points. This was against the backdrop of Japan’s economic boom, which began in the...
Fruit Infused Water Market to total US$ 29,567.1 million by 2034, rising at a 6.9% CAGR | Fact.MR
Fact.MR’s latest report on Fruit Infused Water Market provides a detailed analysis of growth drivers, market restraints, and emerging trends. It also offers insights into various strategies employed by key market players to gain a competitive edge in the Fruit Infused...
AUD/USD: Mixed Technical Picture Eyes US Inflation Data for Direction Signal
AUDUSD edged higher in early Thursday’s trading, underpinned by much better than expected Australian trade data and risk mode in stock markets. Strong rejection of the pullback from 0.6871 (Dec 28 peak) and pivotal Fibo support at 0.6641 (38.2% of 0.6270/0.6871 rally...
Chris Christie drops out of 2024 race, takes shots at Haley while ending Republican presidential campaign
Former New Jersey Gov. Chris Christie on Wednesday suspended his campaign for president.And as he made his announcement and in a hot mic moment prior to his speech, Christie took a couple of shots at rival Nikki Haley, saying she would get “smoked.”Christie, who was...
USDCHF Steady Within Bearish Channel
USDCHF retains a neutral pace ahead of US CPI inflation Encouraging signals detected, but rally above 0.8600 required USDCHF has been gently moving sideways, unable to post durable gains above the 0.8500 level after the bounce off a nine-month low of 0.8331 at the end...
Gold climbs on softer dollar as US inflation data looms
“U.S. CPI looming, (gold) bears may be taking a cautious approach and lightening their load ahead of the event,” said Matt Simpson, a senior analyst at City Index. All eyes are on U.S. consumer price …Read Full Story at source (may require registration) Latest posts...
Is Oil Headed for Another Supply War?
Oil prices remain under pressure despite Middle East crisis Risk of another supply war between US and OPEC is rising Outlook for oil seems negative as supply outpaces demand Oil unable to capitalize on geopolitical tensions Oil prices have taken a beating in recent...
Dollar Softens as Market Anticipates US Inflation Data, Assessing Rate Cut Prospects
Dollar saw notable decline against most major currencies, maintaining its softer tone in the Asian trading session today, with the exception of its performance against Yen. This selloff amidst a backdrop of improving risk sentiment, reflected by the uptick in major US...
FX option expiries for 11 January 10am New York cut
There aren't any major expiries for the day. And on a day like this, the expiries board may not matter too much. All eyes are on the US CPI data coming up later and that will be the key driver for trading sentiment.The reaction to the data could see the expiries for...
TenX Keane Acquisition Announces Contribution to Trust Account in Connection with Extension Amendment Proposal
New York, NY, Jan. 10, 2024 (GLOBE NEWSWIRE) — TenX Keane Acquisition (Nasdaq: TENKU, TENK, TENKR) (the “Company”), announced today that if the proposal to amend the Company’s Amended and Restated Memorandum and Articles of Association, which provides that the Company...
EUR/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 157.42; (P) 157.73; (R1) 158.24; More… EUR/JPY’s rebound from 153.15 is resuming by breaking 158.97 resistance. Intraday bias is back on the upside. Next target is 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, further rise will...
Malta, in the Heart of the Mediterranean, Offers an Overflowing Schedule of Events and Festivals in the First Half of 2024
Highlighted by Malta’s First Art Biennale Starting in MarchValletta, Malta Capital city, VallettaNew York, New York, Jan. 10, 2024 (GLOBE NEWSWIRE) — A hidden gem located in the heart of the Mediterranean, Malta’s allure extends far beyond its sun-soaked shores. In...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.73; (P) 144.17; (R1) 144.93; More… Intraday bias in USD/JPY remains neutral as range trading continues. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at...
A man is killed and a woman injured in a ‘targeted’ afternoon shooting at a Florida shopping mall
Authorities in central Florida issued an arrest warrant Sunday for a 39-year-old man accused of fatally shooting another man at a shopping mall two days before Christmas in which police say the victim was “targeted.” [Read more at source] Latest posts by AP Business...
Sunset Market Commentary – Action Forex
Markets It’s another stoic trading day where market driving news was scant. A Spanish bumper syndication was a sign of bond markets for the time being absorbing supply with ease The country racked in a record €137bn of bids for a sale with a rumoured size of €15bn....
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors in Roblox Corporation – RBLX
NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Roblox Corporation (“Roblox” or the “Company”) (NYSE: RBLX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980,...
USD/JPY: Recovery Acceleration Signals that Corrective Phase Might Be Over
Bulls regained traction and pushed the price up 0.75% on Wednesday, retracing the largest part of pullback from 2024 high (145.97, Jan 5) to 143.41 (Jan 9). Fresh strength emerged after corrective dip was strongly rejected just above 200DMA (143.37), marking a healthy...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8482; (P) 0.8507; (R1) 0.8549; More…. Intraday bias in USD/CHF stays neutral at this point. Consolidation from 0.8332 is in progress and stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… GBP/USD is staying in sideway trading below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0906; (P) 1.0936; (R1) 1.0961; More… EUR/USD continues to trade sideway above 1.0876 and intraday bias stays neutral for the moment. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However,...
Yen’s Selloff Persists in Sluggish Market, Dollar Mixed
Japanese Yen continues its decline in today’s subdued trading environment. This selloff gained momentum following the release of disappointing wages growth data, which has tempered expectations for an imminent monetary policy adjustment by BoJ in January. Despite...
Weak JPY Following Disappointing (But Outdated) November Labor Earnings Data
Markets Bond supply stood in the center of attention yesterday. Belgium and Italy kicked off in Europe. Both received bumper investor interest, the former for a new 10-year OLO benchmark and the latter for a 7-year one as well as a tap of an existing 30-year BTP. The...
Australian Dollar Rises After CPI Falls
The Australian dollar has rebounded on Wednesday. In the European session, AUD/USD is trading at 0.6705, up 0.28%. Australian CPI eases to 4.3% Australia’s CPI for November rose 4.3% y/y, down considerably from 4.9% in October and just shy of the market estimate of...
GBP/USD: Near-Term Action Lacks Clearer Direction Signal But Overall Still Bullishly Aligned
Cable is holding around 1.2700 mark in early Wednesday, following a triple upside rejection at 1.2770 zone. Larger picture shows the pair trading below the middle of the range (1.2610/1.2827) which extends into fourth consecutive week and capped by 200WMA (1.2837)....
EUR/USD: Remains in Sideways Mode But Slight Bullish Bias Fueled by Thick Weekly Cloud
EURUSD remains in extended sideways mode and looking for direction signal after several attempts on both sides failed. Conflicting daily indicators (MA’s in mixed setup / rising negative momentum / north-heading RSI) contribute to directionless action, though the...
EUR/USD Revisits Support While USD/CHF Aims Higher
EUR/USD started a fresh decline below the 1.0980 support. USD/CHF is rising and might aim a move toward the 0.8620 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.1000 resistance and declined against the US...
Nikkei 225: Major Bullish Breakout from 7-month Range With Further Potential Upside in Store
Nikkei 225 rallied to a 34-year high & outperformed the major US benchmark US stock indices year-to-date. Domestic demand-oriented sectors are the outperformers in the current bullish movement seen in the Japanese stock market. The USD/JPY is now having a negative...
Is NZDUSD on the Brink of Another Decent Move?
NZDUSD continues to trade sideways It is almost at the midpoint of its 2023 rectangle Momentum indicators are in waiting mode NZDUSD is in the green today but it continues to range-trade. Market participants appear to be in waiting mode with the bears trying to...
USDJPY Turns Up, But is the Rebound Sustainable?
USDJPY aims for a bullish breakout ahead of Thursday’s US CPI data Momentum indicators are encouraging, but trend signals are still cautious USDJPY found new buyers near its 20-day simple moving average (SMA) at 143.40 on Tuesday, drifting higher to close mildly...
ECB’s de Guindos foresees slower disinflation and economic challenges in 2024
Luis de Guindos, Vice-President of ECB, in speech today, indicated that the “rapid pace of disinflation” observed in 2023 is likely to “slow down” in the coming year, with a “pause” early in the year, mirroring the pattern seen in December 2023. De Guindos also...
Inflation in Australia Continues To Decline. AUD/USD Tests Important Support
Data today from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index (CPI) rose 4.3% year-on-year in November, the slowest pace since January 2022. Value a month earlier = 4.9%. Market forecasts = 4.4%. This strengthened market...
FX option expiries for 10 January 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being ones for EUR/USD at 1.0970-85 and rather large ones at that. However, given the lack of appetite in trading today in anticipation of the US CPI data tomorrow, we could see price...
Yen Weakens on Disappointing Wage Growth Data, Nikkei Soars to 33-Year High
Release of Japan’s disappointing wage growth data led markets to scale back expectations of an imminent rate hike by BoJ. The continued lag in wages growth behind inflation undermines the prospects of establishing a virtuous cycle of wages and prices, which is a...
Canada’s merchandise exports down -0.6% mom in Nov, imports up 1.9% mom
In November, Canada’s merchandise exports fell -0.6% mom to CAD 65.74B. This decrease occurred despite increases in 7 of the 11 product sections. Merchandise imports rose 1.9% mom to CAD 64.17B, with increases in 8 of the 11 product sections. Merchandise trade surplus...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… GBP/USD is extending sideway trading below 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8453; (P) 0.8488; (R1) 0.8516; More…. USD/CHF is extending the consolidation from 0.8332 and intraday bias stays neutral. While recovery could extend higher, outlook will stay bearish as long as 0.8665 support turned resistance holds. On the...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0922; (P) 1.0951; (R1) 1.0978; More… Range trading continues in EUR/USD and intraday bias remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of...
EUR/USD Price Action – Technical Analysis
EURUSD continues its attempt to reverse back above the 1.1000 level but has been unsuccessful so far, the current trading range is critical, and any real breakout may help in forecasting future price action, we will go over a long-term as well as a short-term...
Bitcoin Climbs to New 21-month High Ahead of ETF Decision
BTCUSD rallies and hits new 21-month high RSI and MACD detect positive momentum Bearish reversal to be considered upon dip below $41,200 BTCUSD surged yesterday, breaking back above $45,000 and hitting a new 21-month high at $47,282. It seems that the euphoria around...
U.S. Small Business Optimism Improved Moderately at End of 2023
NFIB’s Small Business Optimism Index rose 1.3 points to 91.9 in December, coming in above market expectations for a modest increase. Despite the increase, the index was still 6 points below its historical average of 98 points. Five of the ten subcomponents improved on...
Canada’s Trade Accounts Register a $1.6 Billion Surplus in November
Canada’s merchandise trade surplus notched its fourth consecutive month in black ink. However, November’s surplus narrowed to $1.6 billion as imports rose and exports edged lower. This comes after October’s surplus was revised upward to $3.2 billion. Exports fell...
Sunset Market Commentary – Action Forex
Markets Economic data were few today. Still core bond yields continued the bottoming out process that started last week, with Europe this time taking the lead. German yields are rising between 5-6 bps across the curve. Supply obviously was the name of the game today....
Lackluster Trading in Forex as Economic Data Fails to Stir Major Movements
Currency trading today remained lackluster, characterized by limited movements across major pairs and crosses. Key economic data releases, ranging from Japan’s Tokyo CPI, and retail sales figures from Australia and the Eurozone, to trade balance data from Canada and...
US goods and services exports down -1.9% mom in Nov, imports down -1.9% mom
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward. Contact us:...
Brent is Stressed Again – Action Forex
For the last month and a half, the crude oil market has been under a constant stress. Sentiment changes mostly because of the supply and demand forecasts. A Brent barrel price dropped to 75.65 USD yesterday. The decline was triggered by the decision of Saudi Arabia to...
Swiss National Bank Suffered Losses of 3 Billion Francs in 2023
The Swiss National Bank (SNB) reported an annual loss of 3 billion Swiss francs (USD 3.54 billion) in 2023 and said it would not make payments to Switzerland’s central or local government or pay dividends to investors. The loss is believed to have occurred as a result...
Dow Futures (YM) Doing Elliott Wave Corrective Pullback
Short-term Elliott Wave View in Dow Futures (YM) suggests that the rally to $38115 high has ended the cycle from the 10.27.2023 low in wave (3) as 5 wave impulse structure. Down from there, the index is doing a corrective pullback in wave (4) against the October 2023...
EUR/GBP Technical: Short-Term Relative Weakness of EUR Reasserts Against GBP
Persistent underperformance of the EUR against GBP as the EUR/GBP cross pair reintegrated below the 200-day moving average. The hourly RSI momentum indicator of EUR/GBP has flashed out a bearish momentum condition. Watch the 0.8615 key short-term resistance with...
Pound Looks to UK GDP Rebound to Keep Bears at Bay
UK GDP likely expanded in November, potentially dashing hopes for early rate cut But any disappointment would increase the odds of a technical recession Data due at 07:00 GMT, Friday, will be key to sustaining pound’s uptrend Confounding expectations The British pound...
Eurozone unemployment rate falls to 6.4% in Nov, EU down to 5.9%
Eurozone unemployment rate fell from 6.5% to 6.4% in November, below expectation of 6.5%. EU unemployment rate fell from 6.0% to 5.9%. According to Eurostat, total number of unemployed individuals in EU stood at approximately 12.954m, with around 10.970m of in...
GBPUSD Gains Some Confidence for New Higher High
GBPUSD returns above key support trendline, reduces negative risks Technical signals are encouraging for a continuation to 1.2850-1.2900 GBPUSD stepped on the 20-day simple moving average (SMA) and climbed back above the broken short-term support trendline from...
EURUSD Flirts With 20-day SMA
EURUSD rebounds off 1.0875 50- and 200-SMAs post golden cross Price is still well above uptrend line EURUSD is rising somewhat after the pullback off the 1.0875 support level and has been battling with the 20-day simple moving average (SMA) over the last four...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 183.18; (P) 183.72; (R1) 184.41; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this...
Dollar and Euro Keep Each Other Balanced
Markets The recent core bond yield recovery ran into resistance yesterday and that had knock-on effects on other markets. Equity markets in particular enjoyed a nice run. The EuroStoxx50 ended about 0.5% higher but that followed a 1% intraday rise. The tech-heavy...
FX option expiries for 9 January 10am New York cut
There is just one to take note of, as highlighted in bold.That being for USD/JPY at 143.60, which could help to limit downside price action before rolling off later in the day. That being said, the 200-day moving average at 143.35 remains the more critical support...
Markets Unmoved by Japan and Australia Data, Bitcoin Surges
Today’s Asian trading session has been relatively subdued. Japan reported deeper-than-expected contraction in household spending, while Tokyo CPI core showed slowdown in line with market expectations. However, Yen’s near-term rebound seems to be losing steam as these...
USD/JPY Edges Lower Ahead of Tokyo Core CPI
US nonfarm payrolls rise more than expected to 216,000 Tokyo Core CPI expected to ease to 2.1% The Japanese yen has started the week with slight gains and is trading at 144.39 in the European session, up 0.16%. It was a rough week for the yen, which declined 2.5%...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.63; (P) 144.80; (R1) 145.80; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8447; (P) 0.8512; (R1) 0.8568; More…. No change in USD/CHF’s outlook and intraday bias stays neutral at this point. While recovery from 0.8332 short term bottom could extend higher, outlook will stay bearish as long as 0.8665 support turned...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is turned neutral again with current retreat. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring...
WTI Oil Price Falls Sharply, On Track for Biggest Daily Loss Since Mid-November
WTI oil price fell nearly 5% on Monday, deflated by decision of top oil exporter, Saudi Arabia, to cut February selling price to Asia to the lowest in over two years and rise in OPEC output. The measures partially counter persisting supply fears over rising...
Will US CPIs Help Dollar Extend Its Recovery?
Dollar’s recovery pauses after NFP and ISM data Investors continue to price in aggressive rate cuts by the Fed Attention now turns to CPI inflation on Thursday, at 13:30 GMT Will the dollar resume its upside trajectory? Friday’s data halt the dollar’s rebound The...
U.K. Slowdown Could Hasten BoE Easing, But By How Much?
Summary The U.K. economic environment remains challenging, with Q3 GDP contracting slightly and the fourth quarter starting on a subdued note. Even with some improvement in consumer fundamentals and sentiment surveys, we believe a mild technical recession for the U.K....
Sunset Market Commentary – Action Forex
Markets This week’s opening session had little to offer, especially not coming on the heels of last week’s spectacular opening week including US activity/labour data and EMU inflation numbers. Their outcome and the market reaction to them suggests that the bullish...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0881; (P) 1.0939; (R1) 1.1002; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias...
Commodity Currencies Weaken; Focus on AUD/JPY Ahead of Australia and Japan Data
In today’s relatively subdued markets, the notable development is weakness in commodity currencies, led by Australian Dollar. This decline comes amid a drop in oil prices following Saudi Arabia’s decision to cut official selling prices across all regions....
Dow Futures (YM_F) Elliott Wave Forecasting The Path
Hello fellow traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of Dow Futures ($YM_F ) published in members area of the website. As our members know YM_F we see cycle from the 32406 low completed at the 38115 peak. While...
Nasdaq 100 Technical: Potential Short-Term Bounce on the Horizon
Recent decline has almost reached the upward-sloping 50-day moving average. Short-term RSI momentum indicator has suggested downside momentum has eased. Potential short-term bounce above 16,160 key short-term support. The US Nas 100 Index (a proxy for the Nasdaq 100...
EURCHF Bulls Could Find An Opening
EURCHF trades a tad above its all-time low of 0.9235 Euro bulls are trying to regain market control and limit their losses Momentum indicators could open the door for a rebound EURCHF is edging higher today but trades very close to its all-time low of 0.9235 recorded...
Eurozone Sentix rises to -15.8, but German recession continues
Eurozone Sentix Investor Confidence rose from -16.8 to -15.8 in January, below expectation of -15.4. That’s nonetheless the third increase in a row, and the highest reading since May 2023. Current Situation Index also rose for the third month from -23.5 to -22.5....
EUR/USD: Near-Term Action Remains in Sideways Mode and Looks for Direction Signals
Near-term action remains directionless and holding within the range which extends into fourth consecutive day. Friday’s long-legged Doji, left after turbulent post-NFP action, contributes to sideways mode, along with mixed daily technical studies. Moving averages are...
Could Tokyo CPI Be Another Small Step Towards the Much-Touted BoJ Normalization?
Tokyo CPI report kicks off a very interesting period for the BoJ Earnings data under the microscope until we get wage news Yen’s recent gains against the euro are under threat if data releases turn negative Tokyo CPI released on Tuesday; average earnings data on...
Eurozone retail sales fall -0.3% mom in Nov, EU down -0.2% mom
Eurozone retail sales fell -0.3% mom in November, worse than expectation of -0.1% mom. Volume of retail trade decreased by -0.4% for non-food products and by -0.1% for food, drinks and tobacco, while it increased by 1.4% for automotive fuels. EU retail sales fell...
Reconsidering the Dovish Fed Expectations
The New Year unsurprisingly kicked off with a hangover for both stock and bond markets, as investors began the year by closing their positions and taking profit following an impressive two-month rally that was boosted by the expectation that the Federal Reserve (Fed)...
Swiss CPI rises to 1.7% yoy in Dec, matches expectations
Swiss CPI was flat at 0.0% mom in December, above expectation of -0.1% mom. Core CPI (fresh and seasonal products, energy and fuel) rose 0.2% mom. Domestic products prices rose 0.3% mom. Import products price fell -0.7% mom. For the 12-month period, CPI rose from 1.4%...
Gold Meets Uptrend Line in Negative Mode
Gold eases beneath 20-day SMA MACD and stochastic indicate more losses Gold is challenging the medium-term ascending trend line near 2,030 after the sell-off that started from 2,088. The crucial support level for traders to have in mind is the 38.2% Fibonacci...
US CPI on Thursday Marks This Week’s Apex
Markets Friday’s payrolls were better than expected on face value. It caused yields to temporarily jump after already trending higher throughout the day. As markets digested the report, evidence of a labor market cooling emerged. The sharp and contrasting drop in...
Aussie Weakens, Gold’s Recovery, Global Inflation Data in Spotlights
Australian Dollar trades broadly lower in today’s Asian session, influenced by notable decline in Hong Kong and Chinese stock markets as driven by selloff in technology stocks in these regions. Additionally, there is growing investor caution ahead of impending...
FX option expiries for 8 January 10am New York cut
There aren't any major expiries to take note of for the day. As such, trading sentiment will continue to revolve around the same theme from last week. The risk mood is one key driver to be wary about but also bond yields, as the latter will still play a role in...
EUR/CHF Weekly Outlook – Action Forex
EUR/CHF stayed in consolidation above 0.9252 last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s rebound last week indicates short term bottoming at 1.6127, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP’s decline last week suggests that rebound from 0.8548 has completed at 0.8713 already. Initial bias stays mildly on the downside this week for 0.8548 support first. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY’s rebound from 153.15 resumed by breaking through 158.55 last week. Initial bias stays on the upside this week for further rally to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, risk will stay mildly on the upside as long as 155.06...
GBP/JPY Weekly Outlook – Action Forex
Immediate focus is now on 184.15 in GBP/JPY after last week’s strong rebound. Sustained break there will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. Nevertheless, rejection by 184.15 will retain near term...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s strong rebound suggests short term bottoming at 1.3176, on bullish convergence condition in 4H MACD. Despite some loss of upside momentum, further rally is in favor this week as long as 1.3286 minor support holds, to 38.2% retracement of 1.3897 to 1.3176 at...
AUD/USD Weekly Report – Action Forex
AUD/USD’s decline last week indicates short term topping at 0.6870, on bearish divergence condition in 4H MACD. Further decline will remain mildly in favor as long as 0.6759 minor resistance holds, to 55 D EMA (now at 0.6612). Nevertheless, break of 0.6759 will turn...
USD/CHF Weekly Outlook – Action Forex
A short term bottom was in place at 0.8332 with last week’s rebound, but price actions from there are seen as a corrective pattern only. Initial bias in USD/CHF is neutral this week first. Outlook remains bearish with 0.8665 support turned resistance intact. On the...
GBP/USD Weekly Outlook – Action Forex
GBP/USD rebound strongly after drawing support from 1.2611 last week. Initial bias is now on the upside this week for retesting 1.2826 first. Decisive break there will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper...
USD/JPY Weekly Outlook – Action Forex
USD/JPY’s strong rebound last week confirms short term bottoming at 140.25, on bullish convergence condition in 4H MACD. Nevertheless, price actions from there are likely just correcting the fall from 151.89. While further rally cannot be ruled out, upside should be...
EUR/USD Weekly Outlook – Action Forex
A short term top was in place at 1.1138 in EUR/USD with last week’s pull back. But as it recovered after dipping to 1.0876, initial bias is neutral this week first. On the downside, below 1.0876 will target 1.0722 support next. However, break of 1.0997 will turn bias...
Year’s Start Sees Shift in Risk Sentiment, Dollar Ended Higher Despite Jitters
The onset of 2024 marked a notable shift in global market sentiment. Major U.S. stock indexes ended their nine-week winning streak, closing lower, while major benchmark treasury yields experienced a notable recovery. Concurrently, this shift in market dynamics was...
The Weekly Bottom Line: Rate Cut Expectations Ease Slightly at the Start of 2024
U.S. Highlights Minutes from the December FOMC meeting confirmed that monetary policy was “likely at or near its peak” for this tightening cycle, but showed no meaningful discussion on rate cuts. The U.S. economy added a better-than-expected 216k jobs in December, but...
Weekly Economic & Financial Commentary: Wait a Minute
Summary United States: The Great Divergence Incoming economic data continue to shed light on how tighter monetary policy is placing unequal pressure across economic sectors. Interest rate sensitive segments like manufacturing and commercial construction remain under...
USD/JPY: 2023 Review and 2024 Forecast
According to statistics, USD/JPY (US Dollar/Japanese Yen) is among the top three most traded currency pairs in the Forex market. This is facilitated by the pair’s high liquidity, which ensures narrow spreads and favourable trading conditions. This means that traders...
Could US 500 Cash Index Correction Have Legs?
US 500 index is in the red again today Correction underway since touching the 4,796 high Momentum indicators support the current bearish move The US 500 cash index is trying to record its sixth consecutive red candle, starting 2024 in a rather negative note. The...
USDCHF Sustains Weekly Gains Ahead of Jobs Data
USDCHF’s rebound is not convincing yet A continuation above 20-SMA could boost sentiment US nonfarm payrolls report due at 13:30 GMT USDCHF is set to close the first week of the year within the positive area, having secured a strong foothold around...
US NFP rises 216k, unemployment rate unchanged at 3.7%
US non-farm payroll employment grew 216k in December, above expectation of 168k. Unemployment rate was unchanged at 3.7%, below expectation of a rise to 3.8%. Participation rate fell from 62.8% to 62.5%. Average hourly earnings rose 0.4% mom, above expectation of 0.3%...
Canada’s employment rises 0.1k in Dec, vs exp 13.2k
Canada’s employment rose 0.1k in December, well below expectation of 13.2k.Employment rate fell -0.2% to 61.6%. Unemployment rate was unchanged at 5.8%. Participation rate fell -0.2% to 65.4%. Total hours worked rose 0.4% mom , 1.7% yoy. Average hourly wages rose 5.4%...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0917; (P) 1.0944; (R1) 1.0974; More… EUR/USD’s fall from 1.1138 short term top is trying to resume by breaking 1.0892 temporary low. Intraday bias is back on the downside for 1.0722 support first. Sustained break there will argue that whole rise...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… GBP/USD is still bounded in range of 1.2611/2826 and intraday bias remains neutral first. On the downside, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. USD/CHF’s outlook is unchanged as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish with 0.8665 support turned resistance intact. On...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 140.25 is in progress for 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor...
Canada’s Labour Market Ends 2023 on a Dull Note
The Canadian labour market added 0.1k positions in December, with full-time employment down 23.5k and part-time employment up 23.6k. The unemployment rate held steady at 5.8% and the participation rate fell 0.2 percentage points to 65.4%. Employment by sector showed...
US: Job Growth Picks Up to End 2023, But Unemployment Rate Unchanged
Non-farm payroll employment jumped by 216k in December, comfortably ahead of expectations calling for a gain of 175k. However, that strength is tempered by downward revisions to October and November of 45k and 26k, respectively. Hiring over the last three-months...
US ISM services falls sharply to 50.6, vs exp 52.7
US ISM Services PMI fell from 52.7 to 50.6 in December, below expectation of 52.7. Business activity/production rose from 55.1 to 56.6. New orders fell from 55.5 to 52.8. Employment fell sharply from 50.7 to 43.3. Prices ticked down from 58.3 to 57.3. The past...
Summary 1/8 – 1/12
Monday, Jan 8, 2024 Tuesday, Jan 9, 2024 Wednesday, Jan 10, 2024 Thursday, Jan 11, 2024 Friday, Jan 12, 2024 The post Summary 1/8 – 1/12 appeared first on Action Forex.
US Equities, Treasury Yields Higher after Nonfarm Payrolls Report
US equity indexes traded higher midday Friday as downward revisions in two straight months of nonfarm payrolls accompanying a surge in December job creation sent government bond yields higher. The Dow …Read Full Story at source (may require registration) Latest posts...
Weekly Focus – Rates Will Be Cut – But How Much and How Soon?
The strong decline in US and European bond yields continued in the second half of December, as market expectations firmed for rapid and large interest rate cuts from central banks in 2024. This followed from dovish signals from the Fed earlier in December and signs...
Trade group for providers of commercial sales-based financing files lawsuit challenging CFPB final small business lending rule
Section 1071 only applies in the context of “small business loan data collection” and repeatedly uses “loan” in a manner that informs the meaning of “credit.” Sales-based financing transactions are …Read Full Story at source (may require registration)Author: Latest...
Week Ahead – Market Spotlight Turns to US CPI Inflation
US CPI inflation is the next big test for the US dollar Yen traders turn to Tokyo CPIs and wages for BoJ exit hints China’s inflation and trade numbers to impact broader sentiment UK monthly GDP on tap amid recession fears Will the US CPIs corroborate the market’s...
European Equities Traded in the US as American Depositary Receipts Rise in Friday Trading
European equities traded in the US as American depositary receipts closed out the week trending moderately higher in Friday’s trading session, rising 0.72% to 1,284.41 on the S&P Europe Select ADR …Read Full Story at source (may require registration) Latest posts...
U.S. Inflation Data in Focus as Central Banks Consider Rate Cuts
U.S. inflation numbers will be front and center for the Fed as discussions among policymakers shift from how high to push interest rates to when the first cuts might be appropriate. We look for U.S. CPI growth to show further signs of moderation in December,...
House Republicans consider holding Hunter Biden in contempt of Congress
The House Oversight Committee next week will hold a meeting to consider a resolution to hold Hunter Biden in contempt of Congress after violating his congressional subpoenas.The House Oversight Committee and House Judiciary Committee subpoenaed Hunter Biden for a...
China’s Rise To The World’s Largest Economy Is Delayed
Summary The U.S. economy remains the largest economy in the world. But, will the U.S. be able to maintain that status forever? In our view, the answer is no. We believe China is on a path to eventually overtake the U.S. and become the world’s largest economy. However,...
U.S. Employment Jumps By 216,000 Jobs In December, Much More Than Expected
A closely watched report released by the Labor Department on Friday showed employment in the U.S. jumped by much more than expected in the month of December. The Labor Department said non-farm payroll employment surged by 216,000 jobs in December compared to economist...
US Jobs Data a Setback But No Game Changer
The first US jobs report of the year was an early reminder to investors that things don’t always go their way, despite the experience of the last couple of months. Whether it was just exuberant festive cheer or something more, investors bounced into the end of 2023...
Dollar Rises on Robust NFP, But Gains Tempered by Hesitation
Dollar rises broadly in early U.S. session, spurred by a robust set of job data that surpassed expectations in all key areas including headline employment growth, unemployment rate, and wage growth. This robust data also propelled 10-year treasury yield further above...
Alexandria Real Estate Equities, Inc. Celebrates 30 Years at the Vanguard and Heart of the $5 Trillion Secularly Growing Life Science Industry
Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science, agtech and advanced technology …Read Full Story at source (may require registration) Latest posts by...
EUR/USD Slips, Eurozone Inflation Rises
Eurozone inflation rises, core rate dips US nonfarm payrolls expected to drop to 177,000 The euro is in negative territory on Friday. In the European session, EUR/USD is trading at 1.0908, down 0.33%. Eurozone inflation rises to 2.9% Eurozone inflation has been...
Asia gold: Falling prices spur Indian demand, China premiums rise
In top-consumer China, premiums jumped to $37-$45 per ounce over spot prices, versus last week’s $23-$38 premiums. “Top Chinese officials have pledged to strengthen fiscal support for the economy, and …Read Full Story at source (may require registration) Latest posts...
GBPJPY Bullish Near the Top of a Short-term Range
GBPJPY meets former resistance after quick bounce Technical signals endorse a bullish breakout GBPJPY pivoted swiftly near its 200-day simple moving average (SMA) and recovered a three-week-old soft downturn but despite that, it’s still struggling to exit the...
Tradeweb highlights “numerous volume records across rates, credit, equities, and money markets” in 2023
“Despite a challenging start to the year, we reported a 27.6% YoY increase in average daily volume for the full year and broke numerous volume records across rates, credit, equities and money markets.Read Full Story at source (may require registration) Latest posts by...
Eurozone CPI rises to 2.9% yoy in Dec, core CPI down to 3.4% yoy
Eurozone CPI reaccelerated from 2.4% yoy to 2.9% yoy in December, below expectation of 3.0% yoy. Core CPI (excluding energy, food, alcohol & tobacco) slowed from 3.6% yoy to 3.4% yoy, matched expectations. Looking at the main components, food, alcohol &...
‘We just need a buffer,’ say London, Ont., business owners on looming CEBA repayment deadline
Some small business owners in London, Ont., say they need more time to repay a loan they took during the COVID pandemic because their operations still haven’t fully recovered, and the upcoming …Read Full Story at source (may require registration)Author: Latest posts...
Eurozone PPI down -0.3% mom, -8.8% yoy in Nov
Eurozone PPI was down -0.3% mom, -8.8% yoy in November, versus expectation of -0.1% mom, -8.7% yoy. For the month, industrial producer prices, decreased by -0.8% for energy, by -0.5% for intermediate goods and by -0.1% for both capital goods and durable consumer...
UK House Prices To Fall 2%-4% This Year: Halifax
UK house prices increased for the third successive month in December, largely reflecting a shortage of properties, while they are expected to slump this year, the results of a survey by the Lloyds Bank subsidiary Halifax and S&P Global showed on Friday. House...
Nasdaq 100 (NQ_F) Looking to do Correction Within Bullish Trend
Nasdaq 100 (NQ_F )shows a bullish sequence from October 2022 low favoring further upside. The rally higher from 10.13.2022 is unfolding as Elliott Wave leading diagonal. Up from 10.13.2022 low, wave ((1)) ended at 16062.75 and pullback in wave ((2)) ended at 14140.25...
Dollar Rallies Ahead of NFP, Eurozone CPI Looms
Dollar is having a broad upswing today as investors and traders brace for the latest US non-farm payroll data. With the recent pullback in stock markets and noticeable recovery in treasury yields, the prevailing sentiment indicates that traders are increasingly...
FX option expiries for 5 January 10am New York cut
There are no major expiries to take note of for the day. In any case, trading sentiment will revolve heavily on the US jobs report as that will be the key driver for market players before the weekend. There is a slight leaning towards a reversal of the price action in...
Asian equities attract largest inflows in 7 years as cenbanks shift monetary policy
Asian equities attracted their biggest inflows in seven years in 2023, encouraged by major central banks’ deceleration in rate hikes to prioritize economic stimulation amid diminishing inflation …Read Full Story at source (may require registration) Latest posts by...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0888; (P) 1.0927; (R1) 1.0960; More… Intraday bias in EUR/USD in turned neutral first with 4H MACD crossed above signal line. But further decline is mildly in favor with 1.1014 minor resistance holds. Below 1.0892 will resume the fall from 1.1138...
Will 𝗦𝗘𝗖 Reject 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙𝘀 𝗶𝗻 𝗝𝗮𝗻𝘂𝗮𝗿𝘆? —Market Sentiment Index Provides Clues
Key Insights: Bitcoin’s (BTC) price fell nearly 10% on Wednesday, Jan 3 after a panic selloff set off massive liquidations in the derivatives markets. The panic selloff triggered a speculative research note suggesting that the SEC might reject the ongoing ETF...
Euro Rebounds after FOMC Meeting, Geman CPI Rises
Fed uncertain as timing of rate cuts German CPI rises, but core rate falls The euro has edged higher on Thursday. In the European session, EUR/USD is trading at 1.0950, up 0.26%. Fed unclear on rate cut timing The December policy meeting was highly significant as the...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As U.S. Gasoline Stocks Rise By 10.9 Million Barrels
The decline in U.S. domestic oil production did not provide support to oil markets. Latest posts by Crypto Editor (see all) Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As U.S. Gasoline Stocks Rise By 10.9 Million Barrels - January 4, 2024 Gold, Silver,...
ETHUSD Trades Sideways After Decline Pauses
ETHUSD spikes aggressively to the downside Rebounds quickly and moves sideways in the last sessions Momentum indicators are heavily tilted to the downside ETHUSD (Ethereum) experienced a sharp retreat following the formation of a double top pattern in the four-hour...
Diversify your portfolio with equities, cash, longer-duration bonds and gold, says Rebecca Patterson
Rebecca Patterson, Former Chief Investment Strategist at Bridgewater, discusses why it’s important to diversify your portfolio. 30 lovely large-engined classic cars What happens to Camilla if King …Read Full Story at source (may require registration) Latest posts by...
US PMI services finalized at 51.4, some New Year cheer
US PMI Services was finalized at 51.4 in December, up from November’s 50.8. PMI Composite was finalized at 50.9, up from prior month’s 50.7. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “Some New Year cheer is provided by the...
Ex-Michigan House speaker aides plead not guilty to embezzlement from nonprofit funds
Two people who had close ties to a powerful Republican lawmaker when he ran the Michigan House pleaded not guilty Wednesday to financial crimes, including embezzlement from nonprofit funds created for political purposes.Rob and Anne Minard both pled not guilty on all...
Sunset Market Commentary – Action Forex
MarketsRegional inflation figures for North Rhine Westphalia wrongfooted investors at the very onset of today’s trading session. Prices fell by 0.1% M/M in Germany’s most populous state with the Y/Y-figure rising from 3% to 3.5%. That was less than what markets...
Yen Under Pressure Amid Global Yield Rebounds and BoJ Policy Uncertainty
Japanese Yen is facing increased selling pressure today, influenced by rebound in US and European benchmark treasury yields. Additionally, traders are scaling back their expectations of imminent monetary policy changes by BoJ, in the wake of the recent devastating...
RNC launches ‘Bank Your Vote’ websites in 16 languages across all 50 states ahead of GOP primaries
EXCLUSIVE: The Republican National Committee this week launched websites in all 50 states and in more than a dozen different languages to encourage and educate GOP voters on how to vote by mail and vote early, Fox News Digital has learned.Republicans last year...
US initial jobless claims falls to 202k, vs exp 210k
US initial jobless claims fell -18k to 202k in the week ending December 30, below expectation of 210k. Four-week moving average of initial claims fell -5k to 208k. Continuing claims fell -31k to 1855k in the week ending December 23. Four-week moving average of...
Dollar builds on previous day’s gains as focus turns to U.S. data
The U.S. dollar rose again on Wednesday after jumping the previous day, underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street. Trading was relatively subdued, with Japanese markets shut for a holiday and investors waiting for...
EURJPY Speeds Above Key Barrier
EURJPY rises above key resistance, but more remain Technical signals show improvement EURJPY has been in a range between its 20- and 200-day simple moving averages (SMAs) over the past month, currently pushing for a close above the former at 156.45 after failing twice...
DC greenlights aggressive electric vehicle mandate despite critics sounding alarm on high consumer costs
The nation’s capital is joining several states led by California in moving forward with an aggressive electric vehicle (EV) mandate, which experts and lawmakers have warned will lead to higher consumer costs.The Washington, D.C., Department of Energy and Environment...
XAU/USD: Gold Regains Traction But More Evidence Needed to Signal Reversal
Gold price edged higher on Thursday morning, after a four-day pullback from $2088 (Dec 28 high) found a footstep at $2030 (50% retracement of $1973/$2088 upleg). This points to initial signal of a healthy correction of larger uptrend, as technical studies on daily...
China Service Sector Gains Strength In December
China’s service sector gained momentum at the end of the year amid new business posting the strongest rise in seven months, upbeat business sentiment and rising employment. The Caixin services Purchasing Managers’ Index, or PMI, rose to 52.9 in December from 51.5 in...
Eurozone PMI services finalized at 48.8, not quite recession yet, but hardly growth oriented
Eurozone PMI Services was finalized at 48.8 in December, up slightly from November’s 48.7, a 5-month high. PMI Composite was finalized at 47.6, unchanged from prior month’s reading, indicating continued contraction in the broader economy. A country-by-country analysis...
PRECIOUS-Gold steadies as traders await jobs data for Fed cues
Traders await jobless claims, non farm payrolls data * Minutes show Fed officials uncertain on interest-rate outlook * Markets see 72% chance of March rate cut now vs 90% chance week ago (Adds comments and updates prices) By Harshit Verma Jan 4 (Reuters) – Gold prices...
UK PMI services finalized at 53.4, rising output and price pressures
UK PMI Services was finalized at 53.4 in December, up from November’s 50.9, and the highest reading since last June. S&P Global noted continuous rise in output and new work for the second consecutive month. However, the sector also saw a slight decline in...
Obama silent on resignation of Harvard’s Claudine Gay amid reports about his efforts to try to save her job
Former President Obama reportedly went to bat for Harvard University’s now-former president behind the scenes in an attempt to keep her in the university’s top role, but he has been silent since the resignation announcement ignited a firestorm on social media.A...
GBP/JPY Price Analysis: Refreshes Weekly High Above 182.00
GBP/JPY rises swiftly above 182.00 amid uncertainty over timeframe of BoJ’s exit to loose policy. The UK Composite and Services PMI are seen remaining unchanged. Advancing 20-EMA indicates strength in the bullish bias. The GBP/JPY pair prints a fresh weekly high...
Investors Tread Carefully Following FOMC Minutes, Awaiting Key US Job Reports
Major US stock indexes closed lower overnight, after FOMC minutes revealed Fed might be hesitance to lower interest rates soon. Notably, the likelihood of a March interest rate cut, as inferred from Fed funds futures, dipped below the 70% market following the release...
FX option expiries for 4 January 10am New York cut
There are a couple of significant expiries to take note of on the day, as highlighted in bold.The first ones being for USD/JPY at the 143.85 and 144.00 levels. It looks like flows are returning quickly to markets upon the new year and with the pair racing higher in...
High-tech Startup Seatrec Wins Support, $1 Million Loan Through American Lending Center
It’s a Happy New Year for Seatrec CEO and founder Dr. Yi Chao and his team, with the closing of a $1 million loan through American Lending Center (ALC). The loan is guaranteed by the State Small …Read Full Story at source (may require registration)Author: Latest posts...
US ISM manufacturing rises to 47.4, 14th month of contraction
US ISM Manufacturing PMI rose from 46.7 to 47.4 in December, above expectation of 47.1. That’s still the 14th month of contraction reading. Looking at some details, new orders, fell from 48.3 to 47.1, the 16th month of contraction. Production rose from 48.5 to 50.3....
Can you use a Personal Loan for Business Expenses? (2024 Guide)
SBA loans are backed by the Small Business Administration, a government agency designed to support U.S. small businesses. Lenders who provide SBA loans must follow government regulations that protect …Read Full Story at source (may require registration)Author: Latest...
Sunset Market COmmentary – Action Forex
Markets Interest rate markets tried to build on last week’s ‘U-turn’ after the accelerated decline in yields triggered by the December Fed policy announcement. Corporates and sovereigns are eager to use lower funding costs to frontload at least part of their 2024...
IMPERIAL EQUITIES DECLARES QUARTERLY DIVIDEND
EDMONTON, AB, Jan. 3, 2024 /CNW/ – Imperial Equities Inc. (TSXV: IEI), through its Board of Directors, has declared a quarterly dividend of $0.02 per share effective Q1 2024, payable on February 5, …Read Full Story at source (may require registration) Latest posts by...
Loonie Plunges Ahead of Canadian Jobs Number
Canada’s economy likely added fewer jobs in December Local dollar shows some weakness ahead of Friday’s data due at 13:30 GMT Unemployment rate to rise furhter According to market forecasts, the unemployment rate in Canada increased to 5.8% in November 2023, higher...
Record half million people crossed the treacherous Darién Gap in 2023
Jungle between Colombia and Panama marks the start of the dangerous trek north from South America to the United StatesA record 520,000 people crossed the treacherous jungle between Colombia and Panama known as the Darién Gap in 2023, more than double the number...
Risk Rally on Pause, Dollar Rebounds as NFP Report Awaited
December jobs report not expected to upset markets Any slowdown in hiring could reinforce rate cut bets But dollar bulls anticipating a different outcome on Friday, 13:30 GMT Markets vs the Fed The soft landing narrative completely took hold of the market towards the...
‘A space with a soul’: children’s ideas help transform Glasgow hospital unit
Murals, colourful chairs and fairy lights help create a mood that is more soft play than pre-theatre at Royal Hospital for Children“When I was last here, there was nothing much to cheer you up,” says 10-year-old Joseph Hay, perusing the intricate mural that now...
Silver Price Forecast: XAG/USD Nosedives as US Yields Rally in a Data-Packed Week
Silver price plunges to near $23.15 as appeal for bullions fade ahead of FOMC minutes. Investors reconsider Fed’s rate cut bets amid robust US economic prospects. More downside in Silver is likely amid a H&S breakdown. Silver price (XAG/USD) fell vertically to...
Labor could raise welfare payments for cost-of-living relief without stoking inflation, economists say
Albanese government would need to couple any increases in unemployment benefits and pensions with savings, experts sayAddressing competition issues and increasing unemployment benefits and pensions are ways the Albanese government could tackle cost-of-living...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… USD/JPY’s break of 142.84 minor resistance indicates short term bottoming at 140.25, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to 38.2% retracement of...
Dollar Strengthens Amidst Global Tech Selloff and Treasury Yield Recovery
Dollar is having a renewed attempt to extend its near-term rebound, buoyed by mild risk-off sentiment prevalent in Europe and US premarkets. This resurgence in the greenback’s strength coincides with ongoing selloff in technology stocks, which has now extended to...
European Markets Close Higher On Rate Cut Hopes
European markets, back to business after a long weekend, closed mostly higher on Wednesday, amid expectations the Federal Reserve will likely cut interest rates in March 2024. Several other central banks are also widely expected to ease their policy tightening to spur...
US DJIA Technical: Uptrend Intact With Looming Outperformance Over Nasdaq 100
Nasdaq 100 outperformance over the Dow Jones Industrial Average (DJIA) since the start of the major uptrend phase has started to dissipate. A bullish rotation into the laggard, DJIA is considered a sign of a positive breadth development for the US stock market. Watch...
German Unemployment Rate Remains Stable In November
Germany’s unemployment remained unchanged in November, data released by Destatis revealed on Wednesday.The jobless rate stood at adjusted 3.1 percent, the same as in October, the results of the labor force survey showed. The number of people out of work increased...
Germany’s unemployment rises 5k, still holding up well
In December, Germany’s unemployment count rose by 5k to 2.703m, a figure notably lower than the anticipated increase of 20k. This increment brings the total number of unemployed in Germany to 183k higher compared to the same period a year ago. Additionally,...
Biden to jump-start 2024 campaign with focus on fight for democracy
Biden-Harris campaign, in a conference call with reporters, said they aim to draw sharp contrast between US president and TrumpAiling in opinion polls, Joe Biden will aim to jump-start his re-election campaign in the coming week with events designed to symbolise the...
Dollar Loved the Combination of Higher Yields and Some Risk Aversion
Markets Core bonds started the year on the backfoot, extending the U-turn which started in the final trading week of the year following an astonishing December rally. German yields rose by 4.4 bps (10-yr) to 5.5 bps (2-yr) while US yields added 4.3 bps (30-yr) to 7.9...
Democrat Sen. Bob Menendez accused of accepting bribes to benefit Qatar in superseding federal indictment
Sen. Robert Menendez, D-N.J., is facing additional bribery accusations, according to a superseding indictment unsealed Tuesday. Menendez is now accused of accepting bribes and gifts in exchange for helping to benefit Qatar as part of a yearslong corruption scheme from...
USDJPY Buyers Appear Strong in 2024
USDJPY shows some progress MACD and RSI turn up USDJPY started 2024 in a positive mode as it rebounded off the 140.90 support level with strong resistance coming from the steep descending trend line. The RSI is below its 50 neutral mark, although it has...
Dollar’s Rebound Pauses, Awaiting Direction from ISM Manufacturing and FOMC Minutes
Dollar softens mildly in quiet Asian session today. The greenback’s rebound stalled ahead of near term resistance levels, as general market sentiment stabilized in US session overnight. Investors and analysts are now turning their attention ISM Manufacturing PMI and...
FX option expiries for 3 January 10am New York cut
There aren't any significant ones to take note of on the day. As mentioned yesterday, the resumption and returning flows in markets are the more critical driver this week. So, I wouldn't look too much to the expiries above to play a big role in dictating price...
Israel-Gaza war live: IDF says it is ready for ‘any scenario’ after death of senior Hamas leader
Israeli army spokesperson Daniel Hagari was speaking after Saleh al-Arouri was killed in an explosion in Beirut, LebanonSee all our Israel-Gaza war coverageThe Israeli army has said it is “prepared for any scenario” in the aftermath of a strike in Beirut that killed...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… Intraday bias in USD/JPY is turned neutral as recovery from 140.25 extends. Further decline will remain in favor as long as 142.84 minor resistance holds. Break of 140.25 will resume fall from 151.89 and target...
More than a third of US adults say Biden’s 2020 victory was not legitimate
New poll finds just 62% believe Biden’s election win over Donald Trump was fair – down from 69% in December 2021More than a third of US adults believe Joe Biden was not legitimately elected president in 2020, according to a new poll.According to the Washington Post...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8363; (P) 0.8409; (R1) 0.8462; More…. Intraday bias in USD/CHF remains neutral for consolidation above 0.8332. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of...
Gunman arrested after breaching Colorado Supreme Court, holding guard at gunpoint: cops
A suspect has been arrested at the Colorado Supreme Court building after allegedly shooting out windows, holding an armed security guard at gunpoint and maneuvering about the building for nearly two hours until voluntarily surrendering early Tuesday, according to...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… While GBP/USD’s pull back from 1.2826 extends lower today, it’s staying above 1.2611 support so far. Intraday bias remains neutral first. On the upside, break of 1.2826 will resume whole rally from 1.2036....
Israel-Gaza war live: deputy head of Hamas Saleh al-Arouri reported killed in Beirut explosion
Israeli officials declined to comment after media reports said deputy head of Hamas was killed in drone strikeSee all our Israel-Gaza war coverageAFP reports that in addition to the four Palestinians the IDF said it killed overnight in the occupied West Bank, Israel...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… While EUR/USD’s pull back from 1.1138 extends lower, it’s still staying above 1.0929 support. Intraday bias remains neutral at this point. on the upside, break of 1.1138 will resume the rise from 1.0447 to...
New York upstate car crash that left two dead investigated as terrorism – report
Suicide note and journal reportedly discovered after crash outside music venue in Rochester kills two and injures five peopleThe FBI and local police are investigating the cause of a fiery car crash that killed two people and injured several others outside of an...
US PMI manufacturing finalized at 47.9, ends the year on a sour note
US PMI Manufacturing was finalized at 47.9 in December, down from November’s 49.4. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said: “US manufacturers ended the year on a sour note, according to S&P Global’s PMI survey. Output...
United States GDP per capita PPP
The Gross Domestic Product per capita in the United States was last recorded at 64623.13 US dollars in 2022, when adjusted by purchasing power parity (PPP). The GDP per Capita, in the United States, when adjusted by Purchasing Power Parity is equivalent to 364 percent...
British Pounds Takes a Tumble on Soft Mfg. PMI
The British pound has started the New Year with sharp losses. In the North American session, GBP/USD is trading at 1.2626, down 0.82%. UK Manufacturing PMI eases lower The UK manufacturing sector remains in the doldrums. December’s Manufacturing PMI eased to 46.2,...
Dollar Gains Momentum as 2024 Begins with Global Equities Selloff
As US session commences, Dollar’s rebound is gaining additional momentum. This upswing is occurring against a backdrop of intensifying selloff in the equities market, primarily influenced by Apple’s downturn following downgrade by Barclays over concerns of weakening...
Meloni faces questions after Italian MP’s gun fired at New Year’s Eve party
Man taken to hospital with bullet wound after incident involving pistol owned by Emanuele PozzoloItalian opposition leaders are demanding “clarity” from the prime minister, Giorgia Meloni, after a gun owned by an MP from her far-right Brothers of Italy party was...
Dollar Index: EU Inflation and US Labor Reports Eyed for Fresh Signals
The dollar index accelerated higher on the first trading day in 2024, extending bounce from five-month low of Dec 28 (100.30) into third consecutive day. Traders collected some profits from the broader downtrend, pushing the dollar’s price higher and sidelining...
The battle of Slag Lane: residents at odds over Wiltshire road’s ugly name
After unsuccessful calls for the lane to be renamed Lakeside View, signs have mysteriously disappearedThe Wiltshire town of Westbury is best known for the white horse carved into the chalky hillside above its Victorian streets and visible for miles around.But a more...
Could Euro Area CPIs Unsettle ECB Rate Cut Expectations?
New year starts with the December inflation report testing ECB’s hawkishness Market looks for a sizeable pickup in CPI, creating doubt about the rate cuts priced in German CPI figure released on Thursday; the euro area aggregate on Friday 10:00 GMT The new year starts...
Ethiopia and Somaliland reach agreement over access to ports
Naval and commercial access to Somaliland’s coast granted in exchange for recognising republic’s independenceEthiopia has signed a deal granting it naval and commercial access to ports along Somaliland’s coast, in exchange for recognition for the breakaway republic’s...
GBPUSD Begins 2024 in a Muted Tone
GBPUSD pares some gains after posting a 4-month peak But remains within its upward sloping channel Positive bias holds as momentum indicators are skewed to the upside GBPUSD had been forming a profound structure of higher highs following its break above a crucial...
Rare sighting of tiger and cubs raises hopes for species in Thailand
Cameras capture 120 tigers in year to April 2023, but extinction risk remains in neighbouring countriesThe number of tigers spotted by hidden cameras in the core of Thailand’s biggest conservation area rose last year, while a rare sighting of a mother and her cubs has...
UK PMI manufacturing finalized at 46.2, 17th month of contraction
UK PMI Manufacturing was finalized at 46.2 in December, down from November’s 47.2. This marks the seventeenth consecutive month where the index has remained below the neutral 50 threshold, indicating ongoing contraction. According to S&P Global, key aspects such...
Amnesty remains priority for Biden admin, Democrats even amid record border numbers
A pathway to citizenship or other legalization for illegal immigrants already in the U.S. remains a priority for the Biden administration and many Democrats, even amid a record-breaking crisis at the southern border.The issue was raised during a crucial U.S.-Mexico...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 179.07; (P) 179.80; (R1) 180.30; More… Intraday bias in GBP/JPY stays neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2%...
FX option expiries for 2 January 10am New York cut
There aren't any major expiries to take note of for today. Markets are looking to get settled into the new year, so the resumption and returning flows will be the more important driver this week. That could also see what actually traders are thinking when viewing the...
Dollar Gains on Risk-Off Mood: Mixed China Data and Japan Earthquake Drive Cautious Trading
Dollar gains modest ground in Asian session today, driven by mild risk-off sentiment. Mixed data emerging from China’s PMI manufacturing sector has cast a shadow over market sentiment, contributing to a tepid start in Hong Kong’s stock market. The HSI index is...
Biden offers optimistic new year’s message as Trump lashes out
President touts US job gains and says his resolution is ‘to come back’ while ex-president repeats unproven election rigging claimsThe likely candidates in the 2024 presidential match-up issued two starkly different new year messages to voters, with Joe Biden striking...
Japan earthquake news – as it happened: highest-level tsunami warning dropped
Buildings collapse, trapping residents, and fires break out but tsunami warning lowered after series of major earthquakes in Japan Japan issues tsunami warnings for west coast after 7.6-magnitude earthquakeThe first reports of injuries are coming in from hospitals,...
NHS bosses fear for patient safety during six-day junior doctor strike
Hospital bosses worry BMA will not honour agreement to return junior doctors to work in event of major incident NHS bosses fear patient safety could be compromised during this week’s junior doctors strikes if medics do not honour an agreement to abandon picket lines...
Teenager fatally stabbed in London named as Harry Pitman
A 16-year-old boy was arrested on suspicion of murder at scene of stabbing on Primrose HillA 16-year-old boy stabbed to death as he waited to watch the fireworks on London’s Primrose Hill just before midnight on New Year’s Eve has been named as Harry Pitman.Onlookers...
‘Stakes are really high’: misinformation researcher changes tack for 2024 US election
Kate Starbird says attacks have made research difficult, and claims of bias arise because of prevalence of lies from the rightA key researcher in the fight against election misinformation – who herself became the subject of an intensive misinformation campaign – has...
Trump gaining ground among Latino voters, poll shows
Ex-president ahead with 39% support among Latino voters surveyed, wiping out Biden’s lead among crucial voting blocA new poll indicates former US president Donald Trump is gaining ground among Latino voters, wiping out incumbent Joe Biden’s lead among the crucial, but...
Why Labour needs to decide whether to break the consensus on Israel
Airstrikes against Houthi rebels and the prospect of a year-long Gaza conflict will test cross-party thinking at WestminsterTwo developments in the past 48 hours could test the cross-party consensus in Westminster on the conflict between Israel and Hamas: the signal...
Nearly 200 names linked to Jeffrey Epstein about to be made public
List could be released as soon as Tuesday after deadline for objections to unsealing of names passes midnight MondayNearly 200 names connected to the Jeffrey Epstein-Ghislaine Maxwell sex trafficking conspiracy could be released by a New York judge as soon as Tuesday,...
Green Day changes lyric to hit out at Trump in New Year’s Eve performance
Band alters lyric from American Idiot to ‘I’m not a part of the Maga agenda’ during Dick Clark’s New Year’s Rockin’ Eve setRock band Green Day altered the lyrics of their well-known song American Idiot to criticize Donald Trump during a televised New Year’s Eve...
Australia’s property market faces fresh peaks and troughs with slowing prices and interest rates tipped to drop
Price trends are unlikely to be straightforward in 2024, even if the RBA’s next move is a rate reductionAustralia’s “rollercoaster” real estate market faces fresh peaks and troughs in 2024 as the prospect of falling interest rates contend with a recent slowdown in...
Man killed in shark attack in Hawaii
Man, identified in local media as Jason Carter, died in Maui after rescue attempt, police sayA shark attack has killed a man at a spot popular with swimmers and surfers in Hawaii despite a rescue attempt, local police said.In a statement Maui police said a 39-year-old...
Black man shot with stun gun by London police allowed to appeal in damages case
Exclusive: appeal court to hear challenge by Edwin Afriyie after high court rejected his claim over 2018 incidentA black youth worker who was standing with his arms folded when he was shot with a stun gun by officers during a traffic stop has been given permission to...
Small boat arrivals in Britain likely to rise in 2024, says Border Force officials’ union
Immigration Services Union says recent lull in migrant Channel crossings was due to bad weatherThe number of people arriving in Britain in small boats is expected to rise again this year after a lull caused by bad weather, according to the union representing Border...
Israel-Gaza war live: Next stage of war to last at least six months, official says, as Israel to withdraw some troops from Gaza
Israel to shift to more targeted operations, official says, and involve ‘intense mopping-up missions’ against HamasSee all our Israel-Gaza war coverageAt the Vatican, Pope Francis recalled 2023 as a year marked by wartime suffering.During his traditional Sunday...
Spearing of beloved blue groper in Sydney sparks outrage
The Department of Primary Industries is investigating after protected fish species allegedly killed in CronullaThe killing of a protected fish species by a spear fisher in Sydney over the weekend is being investigated.According to local reports, onlookers were left...
Nobel laureate Muhammad Yunus convicted of violating Bangladesh’s labour laws
Prizewinner has earned the enmity of the prime minister, who accused him of ‘sucking blood’ from poor peopleNobel peace laureate Muhammad Yunus has been convicted of violating Bangladesh’s labour laws in a case decried by his supporters as politically motivated.The...
Big five oil companies to reward shareholders with record payouts
BP, Shell, Chevron, ExxonMobil and TotalEnergies to distribute more than $100bn despite public outrageThe world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100bn (£79bn) for 2023 against a backdrop of...
Teenage boy fatally stabbed in London on New Year’s Eve
Man arrested after boy, believed to be 16, attacked in Primrose Hill just before midnightA teenage boy has died after being stabbed in London shortly before midnight on New Year’s Eve.Officers were called at 11.40pm to reports that a boy had been stabbed in Primrose...
Plane detained in France sheds light on Nicaragua’s role in US migrant crisis
Flight contained 303 Indians en route to Central American country whose light visa requirements have attracted US-bound travelersThe detention in France of a charter plane bound for Nicaragua has renewed attention on the Central American nation’s role as a springboard...
Victorian woman arrested after allegedly assaulting airline staff
Australian federal police notified after 23-year-old woman allegedly became abusive on board a plane at Gold Coast airportA Victorian woman allegedly assaulted airline staff at Gold Coast airport on New Year’s Eve while on board a plane bound for Melbourne.The...
Russia-Ukraine war live: Volodymyr Zelenskiy vows to unleash ‘wrath’ on Russian forces in 2024
Ukraine president uses new year address to praise country’s resilience in face of Russian attacks but he makes no direct reference to frontlineUkraine and Russia have accused each other of New Year’s Day attacks.Five people have been killed in attacks on Ukraine’s...
Japan issues tsunami warning and tells residents to evacuate after massive earthquake hits centre of country – live
Japan Meteorological Agency issues tsunami warnings for coastal prefectures of Ishikawa, Niigata and ToyamaA series of earthquakes hit Japan today, triggering tsunami alerts.One of earthquakes had a preliminary magnitude of 7.6, Reuters reported. Continue reading…Read...
WA bans commercial native logging in move state says could save 20,000 sq km of forest
New plan bans selling of native timbers and includes transition payouts to sawmills and towns to diversify industryThe end of unsustainable commercial logging in Western Australia could save almost 20,000 square kilometres of forest, the state government says.Chopping...
Two children under 10 die in Perth’s Swan River on New Year’s Eve
Boy and girl pulled from the water by members of the public on Sunday afteroon, but could not be revivedTwo young children have died after they were found floating in Perth’s Swan River on New Year’s Eve.The boy and girl, both under 10, were spotted at Burswood near...
Former aides warn Trump re-election could ‘end US democracy as we know it’
Sarah Matthews, Cassidy Hutchinson and Alyssa Farah Griffin insist Trump’s behavior would be worse if he wins second termThe re-election of Donald Trump in 2024 could “end American democracy as we know it”, according to three women who worked for him in the White...
Congressman Jonathan Jackson on Biden, Gaza and making his famous father proud
After a lifetime of activism, a son of Jesse Jackson marks his first year as a politician representing IllinoisJonathan Jackson’s eyes brim with tears as he recalls the 1984 campaign of his father, Jesse, to become the United States’ first Black president. “To see my...
New Year’s Eve live: celebrations around the world as 2024 begins
People gather for firework displays in major cities to usher in the new yearHello. Welcome to our live coverage of New Year’s Eve celebrations from around the world as 2024 begins. Well, begins for some of us. I am in London, but Kiritimati has already been enjoying...
Family of UK mother and son killed in Alps avalanche ‘beyond heartbroken’
Kate Vokes, 54, and Archie Vokes, 22, from Manchester, killed while skiing off-piste near Mont BlancThe family of a mother and son who died in an avalanche in the French Alps have said they are “beyond heartbroken” by the tragedy.Kate Vokes, 54, and Archie Vokes, 22,...
Clarence Thomas must recuse himself from ruling on Trump’s 2024 eligibility, Raskin says
Democrat speaks on supreme court stepping in to adjudicate Maine and Colorado rulings that removed Trump from ballotsSupreme court justice Clarence Thomas must recuse himself from ruling on Donald Trump’s eligibility for the 2024 presidential election, a prominent...
Rohan Dennis charged over death of wife, fellow cyclist Melissa Hoskins
Reports name Hoskins as woman who died after being hit by car in Adelaide and Dennis as the driverThe Australian Olympic cyclist Rohan Dennis has reportedly been charged with causing the death of his wife, the fellow professional cyclist Melissa Hoskins, after she was...
Russia says strikes on Kharkiv were reaction to Ukraine’s attack on Belgorod
Wave of drone and missile strikes that wounded dozens was retaliation for ‘terrorist attack’, says MoscowRussia-Ukraine war – latest news updatesMoscow has said the wave of drone and missile strikes that wounded at least 28 people in Ukraine’s second-biggest city late...
Four dead and two injured after house explosion in Michigan, police say
Authorities say cause of the explosion has not been determined and they didn’t know whether victims were relatedAuthorities in Michigan say four people have died and two others were injured in a house explosion 45 miles west of Detroit that could be heard from miles...
New Year’s Eve: huge crowds turn out in Australian cities to see in 2024
Hundreds of thousands gather in Sydney and Melbourne to enjoy spectacular fireworks displays Australians turned out in their hundreds of thousands to see in the new year under a midnight sky lit up by fireworks.In Sydney, crowds were abuzz and at maximum capacity as...
Israel-Gaza war live: Israel will let ships bring aid to Gaza, says foreign minister
Cargo would travel through proposed sea corridor from Cyprus to Gaza Strip, marking first easing of naval blockade imposed in 2007See all our Israel-Gaza war coverageUS Navy helicopters sank three of four small boats used by Iranian-backed Houthi militants to attack a...
Taiwan considers joining ICC to deter potential China invasion
Joining court would allow investigation of Xi Jinping if he were to order act of war against TaiwanTaiwan’s government is considering joining the international criminal court, in part to increase deterrence of a Chinese attack or invasion.Supporters also say it would...
Funding the 12-metre platypus, and other decisions that troubled the Howard government
The 2003 cabinet papers reveal debates ranging from privatisation and workplace relations to spam and the World Expo in JapanJohn Howard’s ministers wrestled with many weighty policy issues in 2003, but a surprising one that troubled them was the size of Australia’s...
Rick Astley: why we’re never gonna give up the evergreen 80s pop idol
As the singer prepares to host the BBC’s new year special, it caps a stellar 2023 for the star who launched a meme phenomenonSome may think: why is the BBC welcoming in 2024 with “Mr 1987”? Though that suggests they missed the memo about the spectacular revival of...
Wave of Russian strikes on Kharkiv after Ukrainian attack on Belgorod
An 18-hour Russian aerial barrage across Ukraine that killed 41 civilians has been followed up by further bombardment of Kharkiv on New Year’s EveRussia-Ukraine war – latest news updatesRussia pounded the Ukrainian city of Kharkiv with missiles and drones in the hours...
Mainstream media is playing into Trump’s neo-fascist hands. I’m sticking with democracy and the Guardian | Robert Reich
I trust the Guardian to illuminate what’s really happening as America faces an election in which one of the two likely candidates engaged in an attempted coupThe reason I write a column for the Guardian is the same reason I read it daily: I trust it.Not just the facts...
Call to end ‘cruel’ winter rises as energy bills go up by £100 a year
Campaign groups call on regulator to abolish January bill increase, saying households are facing an ‘assault from all sides’Midwinter energy price increases should be abolished to protect households from unaffordable bills “at the worst possible time”, according to a...
US Navy downs missiles in Red Sea after ship attacked by Houthi rebels
Warships responded after container vessel came under fire from Houthi rebel-held part of Yemen, says USThe US Navy has shot down two anti-ship missiles and sunk three small boats after responding to distress calls from a container ship that was attacked twice by...
‘He had a sensitive soul’: inside Silvio Berlusconi’s bizarre art collection
During the final years of his life, the former Italian premier amassed thousands of ‘mostly worthless’ works from late-night shopping channels. Lucas Vianini became their curatorLucas Vianini was presenting what he described as “a very suggestive” painting of a...
Margaret Thatcher privately scolded David Owen as MI5 spy scandal grew
Archives reveal confidential letters exchanged by prime minister and SDP leader that shed light on a Kremlin espionage rowA confidential exchange of letters, released after 30 years of government secrecy, between former prime minister Margaret Thatcher and David Owen,...
Israel-Gaza war live: Netanyahu targets control of Gaza-Egypt border in ‘many months’ of war on Hamas
Prime minister says Philadelphi corridor buffer zone ‘must be shut’ and in Israel’s handsSee all our Israel-Gaza war coverageWelcome back to our continuing live coverage of the Israel-Gaza war, I’m Yang Tian bringing you the latest news. It’s just past 9am in Gaza...
‘They’ve knocked down hundreds of trees’: concerns over Cornwall’s new anti-gridlock road
The infamous A30 summer holiday bottleneck will go when eight miles of dual carriageway opens in March. But for some, the cost is too highAs cars and lorries snail interminably along the A30 in Cornwall – the county’s notorious trunk road – the words of the furious...
Grenfell families ‘left in limbo’ lash out at delays to decision on demolition
Residents say ministers have wasted six years and ‘dodged’ making plan for tower since fire claimed 72 livesResidents and bereaved families say they have been left “in limbo” over the future of Grenfell Tower after a decision to award a new maintenance contract for...
Last US lighthouse keeper steps down from role at Boston Light Beacon
Sally Snowman waxed philosophical about her 20 years tending the lighthouse on Little Brewster Island in MassachusettsSally Snowman, the last remaining official lighthouse keeper in the US, retires this weekend from her post looking after the first lighthouse built in...
Keir Starmer is ‘detached from his own party’ claims Labour ex-policy chief
Party historian MP Jon Cruddas questions readiness for power of leader with few ties to movement’s roots or ideology A Labour intellectual says Keir Starmer appears to lack a clear sense of purpose due to his detachment from his party’s traditions, and casts doubt on...
Labour pledges to ‘clean up politics’ after outrage over Liz Truss honours list
Shadow front bencher says Keir Starmer would not have resignation honours after ‘appalling spectacle’ of ex-prime minister ‘rewarding cronies’Labour last night promised there would be no resignation honour’s list issued by Keir Starmer if he were to become prime...
Brexit has completely failed for UK, say clear majority of Britons – poll
Only one in 10 feel leaving the EU has helped their finances, while just 9% say it has benefited the NHS, despite £350m a week pledge according to new pollA clear majority of the British public now believes Brexit has been bad for the UK economy, has driven up prices...
Reams of secret poetry by pioneering British scientist finally come to light
Sir Humphry Davy’s unpublished verse – including one published below for the first time – was found in notebooks alongside details of his groundbreaking experimentsHe is famous for discovering elements of the periodic table, for inventing a lamp in 1815 that would...
Man, 29, fatally stabbed near Abbey Road, in north-west London
Police launch murder investigation after stabbing on Abbey estate near St John’s Wood on Friday eveningA 29-year-old man has been stabbed to death in north-west London, police said.Officers were called by the London ambulance service to the scene at the Abbey estate...
‘Front page of the internet’: how social media’s biggest user protest rocked Reddit
A mass user protest six months ago over technical tweaks had big downstream effects, and now the social media site is changed for everIn June, thousands of Reddit communities plunged into darkness – making their pages inaccessible to the public in a mass protest of...
Israel-Gaza war live: death toll grows as bombardment of Gaza continues
Israeli defence minister says troops are reaching Hamas command centres and arms depots, while strikes also reported in central GazaSee all our Israel-Gaza war coverageA total of 21,672 Palestinians have been killed and 56,165 have been wounded in Israeli strikes in...
More than 100 ice fishers rescued from ice floe in Minnesota
An ice chunk broke loose from shore, stranding 122 winter anglers 30ft from shore until first responders were able to evacuate themMore than 100 people stranded while fishing on an ice chunk that broke free on a Minnesota lake were rescued on Friday, authorities...
‘There was a bang and a light went out’: Irish families finally getting answers about 1981 nightclub fire
Inquiry into the Stardust inferno in north Dublin, that killed 48 and injured 214, recognises the suffering and grief of those left behindDeirdre Dames was 18 and on the dancefloor of the Stardust nightclub in the early hours of Valentine’s Day in 1981 when the music...
Queensland storms: two men in hospital after lightning strikes as hail and heavy rain hit south-east
Several waves of thunderstorms batter state as thousands in region remain without powerTwo people have been hospitalised after their vehicles were struck by lightning in two separate incidents in Queensland on Saturday, as severe thunderstorms return to the south-east...
Forecast 2024: Bitcoin Yesterday, Tomorrow, and the Day After
The main question, just a few years ago, was when the crypto bubble would burst. Over time, bitcoin gradually earned its place in the minds and portfolios of traders and investors. Competing actively with physical gold and other investment and defensive assets,...
British soldier claims record for fastest woman to ski alone across Antarctica
Capt Harpreet Chandi ‘so glad’ after covering 1,130km of Antarctic ice in 31 days, 13 hours and 19 minutesA British Army medical officer has said she has become the fastest woman to ski alone across Antarctica.Capt Harpreet Chandi broke two Guinness world records for...
People on long-term sick leave in England to be offered therapeutic recreation
Jobcentres, doctors, employers and social workers will be also encouraged to suggest therapy and life coachingLife coaches and running clubs will be recommended to those on long-term sickness leave under government plans to get people back to work.Ministers will...
USD/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 140.50; (P) 141.16; (R1) 142.08; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 151.89 would target 136.63 fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain....
Rise in dashcam submissions leads to more dangerous drivers being caught
More than 33,500 videos sent to police in England and Wales in year to November, up 30% on 2022Dangerous drivers are being caught on camera and shopped to the police in increasing numbers, with other drivers and the general public having sent more than 100,000 video...
USD/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8370; (P) 0.8412; (R1) 0.8490; More…. Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8332 temporary low. Outlook will stay bearish as long as 0.8665 support turned resistance holds....
Russia-Ukraine war live: Ukraine launches airstrikes on Russia’s Belgorod and Bryansk regions
Moscow says anti-aircraft units destroyed 13 Ukrainian rockets as governor reports one person killed, while Bryansk official says six drones downedSee all our Russia-Ukraine war coverageRussia’s defence ministry said its anti-aircraft units had destroyed 13 Ukrainian...
Summary 1/2 – 1/5
Tuesday, Jan 2, 2024 Wednesday, Jan 3, 2024 Thursday, Jan 4, 2024 Friday, Jan 5, 2024 The post Summary 1/2 – 1/5 appeared first on Action Forex.
Milei says Argentina will not be joining Brics bloc in U-turn
Far-right president says not ‘opportune’ for Argentina – which had been set to become a member on 1 January – to be part of allianceArgentina has formally announced that it will not join the Brics bloc of developing economies, the latest in a dramatic shift in foreign...
GBP/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.2687; (P) 1.2757; (R1) 1.2802; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from...
Nepal earthquake survivors dying in tents as temperatures plunge
At least 38 people, including a three-year-old girl, have died in the month after the earthquake struck, among 40,000 people living under tarpaulinAt least 38 people who survived an earthquake in Nepal have died after spending more than a month living in tents in...
EUR/USD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.1031; (P) 1.1086; (R1) 1.1116; More… Intraday bias in EUR/USD remain neutral for consolidations below 1.1138 temporary top. Further rally is expected as long as 1.0929 support holds. Break of 1.1138 will resume the rise from 1.0447 to retest...
Berlin’s plan for driverless magnetic trains derided by climate groups
Local government proposal to revive 1980s M-Bahn described as energy-hogging and vain fantasy projectPlans for a driverless magnetic train that would swoop through Berlin and carry passengers and goods are under way as part of the local government’s attempts to boost...
The Finish Line – Action Forex
Here we are, on the last trading day of the year. This year was completely different than what was expected. We were expecting the US to enter recession, but the US printed around 5% growth in Q3. We were expecting the Chinese post-Covid reopening to boost Chinese...
Weather tracker: rain batters Argentina and DRC as fog shrouds India and Pakistan
Turkey also affected by fog, with 10 killed and 57 injured in serious road crash involving three busesDuring the Christmas period, parts of South America experienced intense showers and thunderstorms, resulting in substantial rainfall in various regions. On Monday,...
Swiss KOF rises to 97.8, outlook subdued despite improvement
Swiss KOF Economic Barometer rose modestly from 96.7 to 97.8 in December, slightly above expectation of 97.3. KOF said, ” The outlook for the Swiss economy for the start of 2024 therefore remains subdued despite a further improvement.” KOF also noted that the...
What To Trade In January
Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold. EURUSD – W1 Timeframe EURUSD on the Weekly...
EUR/USD Weekly Forecast – Euro Struggles Holding on to Gains
The euro rallied during the course of the week, but quite frankly has had some issues hanging on the gain. Whether or not this is something to worry about or if it’s just the illiquidity of the end of the year remains to be seen. Latest posts by Crypto Editor (see...
Week Ahead – US Jobs Report and Eurozone Inflation to Kickstart the New Year
NFP report and Eurozone CPI will be the week’s focal point on Friday FOMC minutes and ISM PMIs will also be crucial for the US dollar Canadian employment and Chinese PMIs might attract attention too Rate cut bets in overdrive It’s been one big rollercoaster ride for...
AUD/USD and NZD/USD Regain Strength
AUD/USD is moving higher and might climb further above 0.6870. NZD/USD is also rising and could extend its increase above the 0.6370 resistance zone. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a fresh increase above the 0.6760...
USDCAD Stages a Rebound After Sharp Selloff
USDCAD is recovering following December nosedive Positive momentum is gaining traction but sustained rebound not certain yet Is this just a temporary respite? USDCAD is headed for a third straight day of gains as it recovers from Wednesday’s five-month low of 1.3176....
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 178.86; (P) 180.18; (R1) 181.35; More… Range trading continues in GBP/JPY above 178.32 and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63...
Japanese Yen Edges Higher – Action Forex
The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 141.75, up 0.27%. The US dollar has taken a tumble in recent weeks against most of the major currencies, including the yen. Since mid-November, the yen has jumped 6.4% against...
EUR/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 155.71; (P) 156.59; (R1) 157.34; More.. Intraday bias in EUR/JPY remains neutral as range trading continues inside 153.15/158.55. On the upside, above 158.55 will resume the rebound from 153.15. On the downside, break of 153.15 will resume whole...
New Zealand Dollar Under Pressure, Chinese PMIs Next
Chicago PMI expected to decelerate China releases PMIs on Saturday The New Zealand dollar is in negative territory on Friday. In the European session, NZD/USD is trading at 0.6308, down 0.37%. The US dollar has hit a rough patch lately and retreated against most of...
EUR/AUD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.6137; (P) 1.6226; (R1) 1.6288; More.. EUR/AUD quickly retreated after recovery to 1.6313 and intraday bias stays neutral. On the downside, below . 1.6137 will target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering...
EUR/GBP Daily Outlook – Action Forex
Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and...
EUR/USD Steady as Spanish CPI Lower than Expected
Spanish CPI lower than expected at 3.1% Chicago PMI expected to decelerate to 51.0 The euro is calm in Friday trade. In the European session, EUR/USD is trading at 1.1053, down 0.08%. Spanish CPI dips to 3.1% Spain released the December inflation report today, with...
GBPUSD Halts Advance But Retains Bullish Structure
GBPUSD pares some gains after posting a 4-month peak Positive bias holds as momentum indicators are skewed to the upside GBPUSD had been forming a profound structure of higher highs following its break above a crucial descending trendline in early November. Although...
EUR/CHF Daily Outlook – Action Forex
Daily Pivots: (S1) 0.9281; (P) 0.9323; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the downside for the moment. Current fall would target 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. On the upside, above 0.9347 minor resistance will turn...
End-of-Year Forex Market Lull; Bitcoin’s Prospects for Resurgence in 2024 Under Watch
Trading activity is rather subdued in the last Asian session of the year. With no major economic events on the calendar for the day, trading is expected to remain quiet. Dollar is making an attempt to recover but continues to be the weakest performer for the week. It...
Air Methods Successfully Completes Financial Restructuring
Emerges from Chapter 11 with Optimal Capital Structure and Enhanced Financial FlexibilityDENVER, Dec. 28, 2023 (GLOBE NEWSWIRE) — Air Methods Corporation (“Air Methods” or the “Company”), the leading air medical service provider in the U.S., announced today that it...
US initial jobless claims rises to 218k, vs exp 204k
US initial jobless claims rose 12k to 218k in the week ending December 23, above expectation of 204k. Four-week moving average of initial claims fell -250 to 212k. Continuing claims rose 14k to 1875k in the week ending December 16. Four-week moving average of...
Investigation Into Milestone Pharmaceuticals Inc. (MIST) Announced by Holzer & Holzer, LLC
ATLANTA, Dec. 28, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC is investigating whether Milestone Pharmaceuticals Inc. (“Milestone Pharmaceuticals” or the “Company”) (NASDAQ: MIST) complied with federal securities laws. On December 26, 2023, the Company disclosed...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… USD/JPY’s break of 140.94 indicates resumption of fall from 151.89. Intraday bias is now on the downside. Next target is 136.63. fibonacci level. On the upside, above 142.84 minor resistance will turn intraday...
New 3M™ Polyolefin Conductive Adhesive Series Featured at Heilind Electronics
Innovative and effective EMI/RFI shielding and grounding tape from 3M™.3M™ Electrically Conductive Single-Sided Tape Featured at Heilind Electronics Advanced pressure sensitive adhesive (PSA) tape with electrical conductivity.WILMINGTON, Mass., Dec. 28, 2023 (GLOBE...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8377; (P) 0.8463; (R1) 0.8517; More…. Intraday bias in USD/CHF remains on the downside for the moment. Current fall from 0.9243 should target 138.2% projection of 0.9111 to 0.8665 from 0.8819 at 0.8203 next. On the upside, above 0.8438 minor...
ROSEN, THE FIRST FILING FIRM, Encourages Golden Heaven Group Holdings Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – GDHG
NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG) between April 13, 2023 and November 13, 2023, both dates inclusive (the “Class...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral again with current retreat. For now, further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of...
Lynch Carpenter LLP Investigates Claims in DataNet Systems Data Breach
PITTSBURGH, Dec. 28, 2023 (GLOBE NEWSWIRE) — DataNet Systems recently announced that it suffered a data breach on or about October 5, 2023, which potentially impacted the personal information of thousands of individuals. The information potentially impacted in the...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1050; (P) 1.1086; (R1) 1.1144; More… Intraday bias in EUR/USD is turned neutral first with current retreat, and some consolidations could be seen. For now, further rally is expected as long as 1.0929 support holds. Break of 1.1138 temporary top...
Yen and Swiss Franc Rally in Subdued Markets; Downside Acceleration in GBP/CHF
Japanese Yen and Swiss Franc are standing out with significant rallies in otherwise relatively subdued markets today. Yen resumed its near-term rise against the Dollar, reaching its highest level in five months. Simultaneously, Swiss Franc has achieved its highest...
Getty Images Announced as an Official Photo Distribution and Licensing Provider of the College Football Playoff
A Media Snippet accompanying this announcement is available by clicking on this link.NEW YORK, Dec. 28, 2023 (GLOBE NEWSWIRE) — Getty Images (NYSE: GETY), a preeminent global visual content creator and marketplace, has been named an Official Photo Distribution and...
US goods trade deficit widens slightly to USD -90.3B in Nov
US goods export fell -3.6% mom to USD 165.1B in November. Goods imports fell -2.1% mom to USD 255.4B. Goods trade deficit widened from USD -89.6B to USD -90.3B, slightly larger than expectation of USD -89.5B. Wholesale inventories fell -0.2% mom to USD 895.7B. Retail...
Gold is ending 2023 with a record-breaking run. Here’s why.
Gold prices are ending a big year on an up note, ripping to another record this week as Treasury yields and the dollar extend declines on expectations the Federal Reserve will soon be cutting interest rates.Read Full Story Latest posts by Market Watch (see all)
AUD/USD Eyes Chinese PMIs – Action Forex
China releases PMIs on Saturday The Australian dollar has edged lower on Thursday. In the European session, AUD/USD is trading at 0.6833, down 0.21%. Earlier today, the Aussie climbed as high as 0.6871, its highest level since July. Risk appetite rise boosts Aussie...
10-year Treasury yield ticks higher after falling to 5-month low
Treasury yields moved higher Thursday, bouncing after long-dated rates fell to their lowest in around five months as investors continued to bet on slowing inflation, then extending their decline after the market easily absorbed the sale of 5-year Treasury notes on...
ETH/USD Analysis: New Record of the Year
Today, the price of Ethereum exceeded the level of 2,440 per token, thereby setting a new high for 2023. It is noteworthy that the price of Bitcoin did not support the bullish sentiment, continuing to fluctuate around the USD 43,000 level for the fifth day. What is...
Enovis to Participate in the 42nd Annual J.P. Morgan Healthcare Conference
Wilmington, DE, Dec. 28, 2023 (GLOBE NEWSWIRE) — Enovis™ Corporation (NYSE: ENOV), an innovation-driven, medical technology growth company, today announced that its management team will meet with investors at the 42nd Annual J.P. Morgan Healthcare Conference with a...
Gold Enjoys Another Rally – Action Forex
Gold edges higher, surpasses 2,075 level Festive period fueling gold rally amidst low liquidity Momentum indicators support the current move Gold is trading higher again today, recording the fifth consecutive green candle, as the low-liquidity festive period appears...
Shares of semiconductor startup BaTeLab fall in Hong Kong trading debut
BaTeLab’s shares fell in their trading debut in Hong Kong, sliding below their initial offering price in a lackluster start for the Chinese semiconductor company backed by electric-vehicle giant BYD.Read Full Story Latest posts by Market Watch (see all)
AUDUSD Extends Recovery; Crucial Double Top in Sight
AUDUSD hits a fresh five-month peak on Thursday But oscillators have been in overbought levels for several sessions Can the rally resume or are we heading for a pullback? AUDUSD has been staging a solid recovery following its 2023 bottom of 0.6271 in October,...
Yen Strengthens on BoJ Ueda, Swiss Franc Hits Highs, Dollar Struggles
Japanese Yen soars broadly in Asian session today, likely in delayed reactions to comment made by BoJ Governor Kazuo Ueda. Speaking to NHK, Governor Ueda indicated that the chance of moving the short-term interest rate out of negative territory in 2024 was “not zero.”...
Defying the Odds: BISSNEX’s Journey Through a Bear Market to a Bright Future
New York, NY, Dec. 27, 2023 (GLOBE NEWSWIRE) — In the decade-plus history of the cryptocurrency industry, this year has been particularly challenging. Factors like wars and interest rate hikes put global capital markets under pressure, and the crypto industry faced...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.1020; (P) 1.1032; (R1) 1.1056; More… EUR/USD’s rally continues today and hit as high as 1.0749 so far. Intraday bias remain son the upside for retesting 1.1274 high. Strong resistance should be seen from there to limit upside, at least on first...
Class Action Lawsuit Filed Against Golden Heaven Group Holdings (GDHG) on Behalf of Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
ATLANTA, Dec. 27, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against Golden Heaven Group Holdings (“Golden Heaven” or the “Company”) (NASDAQ: GDHG). The lawsuit alleges that Defendants made...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… GBP/USD is still bounded in consolidation below 1.2793 and intraday bias stays neutral. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm...
Class Action Lawsuit Filed Against The Lovesac Company (LOVE) on Behalf of Investors – Nationally Ranked Investors’ Rights Firm Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
ATLANTA, Dec. 27, 2023 (GLOBE NEWSWIRE) — Holzer & Holzer, LLC informs investors that a shareholder class action lawsuit has been filed against The Lovesac Company (“Lovesac” or the “Company”) (NASDAQ: LOVE). The lawsuit alleges that Defendants made materially...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 142.11; (P) 142.37; (R1) 142.64; More… USD/JPY is staying in sideway consolidation and intraday bias remains neutral at this point. In case of stronger recovery, upside should be limited below 146.58 resistance. On the downside, firm break of 140.94...
DEADLINE ALERT for GM, EGRX, MRCY, and ON: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8518; (P) 0.8550; (R1) 0.8569; More…. USD/CHF’s decline resumes by breaching 0.8513 temporary low and intraday bias is back on the downside. Current fall should target 100% projection of 0.9111 to 0.8665 from 0.8819 at 0.8373 next. On the upside,...
Spiritual Memoir THE CHASE is a True, Heart-Changing Reminder of God’s Unwavering Faithfulness
Palmetto Publishing’s latest transformational memoir features a journey from federal prison to successful ministry leadershipThe Chase coverCharleston, SC, Dec. 27, 2023 (GLOBE NEWSWIRE) — An exciting new memoir from Palmetto Publishing releases this month, telling...
Swiss Franc Hits 9-Year High
The Swiss franc is slightly lower in Wednesday trade. In the North American session, USD/CHF is trading at 0.8509, down 0.31%. The Swiss franc continues to power higher and has climbed 2.5% against the slumping US dollar in the month of December. The Swissie has...
Euro and Sterling Take Back the Lead in Quiet Market
In today’s subdued trading environment, Sterling Euro have emerged as the strongest currencies, outperforming Australian Dollar and New Zealand Dollar. The ascendancy of these European currencies does not appear to be driven by any specific fundamental factors....
Trevena Inc. Announces $4 Million Concurrent Private Placement and Warrant Exercise
CHESTERBROOK, Pa., Dec. 27, 2023 (GLOBE NEWSWIRE) — Trevena Inc. (“Trevena” or the “Company”) (Nasdaq: TRVN), a biopharmaceutical company focused on the development and commercialization of novel medicines for patients with central nervous system (CNS) disorders,...
China’s Shanghai SSE recovers, but risks remain on the downside
China’s Shanghai SSE recovered mildly by closing up 0.54% earlier today. Sentiment was lifted by data from showing that industrial profits saw a substantial year-on-year jump of 29.5% in November, a significant acceleration from the modest October’s 2.7% growth....
Society Pass Inc. (Nasdaq: SOPA): Litchfield Hills Initiates Equity Research Coverage; SOPA Growing Rapidly and Nearing Positive EBITDA Inflection
NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) — Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that Litchfield Hills Research (“Litchfield Hills”) has...
Brent Oil Price Reaches New December High
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the...
Plug Power Completes First Installation of Electrolyzer at Amazon Fulfillment Center
Hydrogen generated on site in Colorado will power forklift trucks and help lower emissionsLATHAM, N.Y., Dec. 27, 2023 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, completed the...
USD/JPY Steady, BoJ Releases Summary of Opinions
BoJ Summary of Opinion highlights split over shift in policy The Japanese yen continues to have a quiet week. In the European session, USD/JPY is trading at 142.54, up 0.12%. The Bank of Japan’s summary of opinions from the December meeting was released earlier today....
First Wave BioPharma Announces Streamlining of Clinical Pipeline with Non-Binding Term Sheet to Sell Niclosamide IBD Program
First Wave BioPharma to advance GI development pipeline with the expected addition of Phase 3 Latiglutenase celiac disease program and Phase 2 clinical programs built around Capeserod and AdrulipaseBOCA RATON, Fla., Dec. 27, 2023 (GLOBE NEWSWIRE) — First Wave...
Rally Extends – Action Forex
The barrel of American crude finally cleared the $74/75pb resistance range on the mounting geopolitical tensions in the Red Sea and traded at $76pb on Tuesday. Yet the bullish market reaction looks relatively week given the amplitude of the issues in the region. The...
Element3® Closes Seed Round – ForexTV
Investment Supports Critical Materials Extraction from Produced Oil and Gas WastewaterFORT WORTH, Texas, Dec. 27, 2023 (GLOBE NEWSWIRE) — Element3®, the critical material extraction company specializing in oil and gas wastewater, announced the successful closure of...
EUR/USD Extends Rally While USD/JPY Revisits Support
EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance...
Highland Valley Digital Reports on ‘Companies Leveraging EaaS to Build Sustainable Growth’
SAN FRANCISCO, CA, Dec. 27, 2023 (GLOBE NEWSWIRE) — Recently, Highland Valley Digital has released a report on ‘Companies Leveraging EaaS to Build Sustainable Growth’. In the report, Digital transformational veteran details how companies can optimize their business by...
EURUSD Edges Higher, Tests Key Resistance Area
EURUSD edges higher again today, makes higher high It tests the resistance set by a key area, north of 1.1032 Momentum indicators support the current bullish move EURUSD is trying to record its fourth consecutive green candle as it has entered the 1.1032-1.1095 area....
Yen Dips on Dovish BoJ, Aussie Gains on China Optimism
Yen falls broadly in Asian session today, influenced by the dovish sentiments expressed BoJ’s Summary of Opinions of December meeting. The document indicated a lack of urgency among board members to tighten monetary policy, with a particular emphasis on the minimal...
ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages SolarEdge Technologies, Inc. Investors to Secure Counsel Before Important January 2 Deadline in Securities Class Action – SEDG
NEW YORK, Dec. 26, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SolarEdge Technologies, Inc. (NASDAQ: SEDG) between February 22, 2022 and October 19, 2023, both dates inclusive (the “Class...
Santa Clause Visits Rancho Sahuarita
Santa Clause Visits Rancho Sahuarita Mr. and Mrs. Clause made an appearance at the Rancho Sahuarita community’s 8th Annual Brunch with Santa and Toy Drive.TUCSON, Ariz., Dec. 26, 2023 (GLOBE NEWSWIRE) — Associa Arizona (AA), a leading provider of community management...
Nostalgia’s New Year New Booty with BootySprout – Avoid Crowded Gyms with Expensive Memberships
Green Bay, Wisconsin, Dec. 26, 2023 (GLOBE NEWSWIRE) — Are you ready to get your “Booty on” for a new you in the new year? As 2024 approaches, many of us are contemplating New Year’s resolutions focused on self-improvement. If you’re considering elevating your...
1st Capital Bancorp Announces Joel Keller as Executive Vice President and Chief Financial Officer
SALINAS, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) — 1st Capital Bancorp (the “Company”), (OTCQX: FISB), holding company and parent company of 1st Capital Bank (the “Bank”), announced today the appointment of Joel Keller to Executive Vice President and Chief Financial...
Lynch Carpenter Investigates Claims in ESO Data Breach
PITTSBURGH, Dec. 26, 2023 (GLOBE NEWSWIRE) — ESO Solutions, Inc. (ESO) recently announced that it suffered from a cybersecurity attack on or around September 28, 2023, that impacted the personal information and health information of hundreds of thousands of...
Milestone Pharmaceuticals Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
BOSTON, Dec. 26, 2023 (GLOBE NEWSWIRE) — Block & Leviton is investigating Milestone Pharmaceuticals, Inc. (NASDAQ: MIST) for potential securities law violations. Investors who have lost money in their Milestone Pharmaceuticals, Inc. investment should contact the...
Scilex Holding Company Announces Filing of a New Drug Submission (NDS) to Health Canada’s Pharmaceutical Drugs Directorate, Bureau of Cardiology, Allergy and Neurological Sciences for the Approval of ELYXYB® for Acute Treatment of Migraine With or Without Aura in Canada
ELYXYB® is a first-line treatment and the only FDA-approved, ready-to-use oral solution for the acute treatment of migraine, with or without aura, in adults.1 The U.S. oral migraine drug market size is estimated to be $2.3 billion in 2025.2According to market data...
Long-Term Investors in Pegasystems Inc. (NASDAQ: PEGA) should contact the Shareholders Foundation in connection with pending Lawsuit
SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announced an update in the lawsuit that is pending for certain investors in shares of Pegasystems Inc. (NASDAQ: PEGA).Investors, who purchased Pegasystems Inc. (NASDAQ: PEGA) shares prior to...
Red Cat Endorses Passing of the American Security Drone Act
New legislation will help protect national security and privacy of American citizensSAN JUAN, Puerto Rico, Dec. 26, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company integrating robotic hardware and...
RYZB News: Johnson Fistel Investigates Proposed Sale of RayzeBio; Is $62.50 a Fair Price?
SAN DIEGO, Dec. 26, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of RayzeBio (NASDAQ: RYZB) breached their fiduciary duties in connection with the proposed sale of the Company to...
Atreca Announces Asset Purchase Agreement for Sale of Antibody-Related Assets and Materials to Immunome
CAMPBELL, Calif., Dec. 26, 2023 (GLOBE NEWSWIRE) — Atreca, Inc. (“Atreca”) (NASDAQ: BCEL), a biotechnology company focused on developing novel therapeutics generated through a unique discovery platform based on interrogation of the active human immune response, today...
Canadian Dollar Posts Another Strong Week
Canadian GDP remains flat for a second straight month PCE Price Index eases The Canadian dollar is showing limited movement on Tuesday. In the European session, USD/CAD is trading at 1.3248, down 0.14%. Canadian banks are closed for a holiday, which means it should...
Brown & Brown, Inc. enters into agreement to acquire Caton-Hosey Insurance
DAYTONA BEACH, Fla., Dec. 26, 2023 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and Rex Caton and John Hosey, the owners of Caton-Hosey Insurance (“Caton Hosey”), today announced that Brown & Brown has...
USD/JPY Yawns after BoJ CPI Slips
BOJ Core CPI falls to 2.5% BoJ’s Ueda hints at possible shift in policy The Japanese yen is showing little movement on Tuesday. In the European session, USD/JPY is trading at 142.39, down 0.04%. BoJ Core CPI drops more than anticipated Japanese inflation indicators...
Teleflex to Present at the 42nd Annual J.P. Morgan Healthcare Conference
WAYNE, Pa., Dec. 26, 2023 (GLOBE NEWSWIRE) — Liam Kelly, Chairman, President and CEO, Teleflex Incorporated (NYSE: TFX), is scheduled to speak at the 42nd Annual J.P. Morgan Healthcare Conference at The Westin St. Francis in San Francisco, California, on Tuesday,...
2023 In Review: A Look Back At The Highlights Of The Year
The year 2023 commenced after two years of economic uncertainty and heavy inflation across Europe and North America, home to leading financial markets, with major currencies such as the euro and the US dollar, and financial hubs including London, New York, Chicago,...
Eco Data 12/26/23
The post Eco Data 12/26/23 appeared first on Action Forex.
Hmall Group Revolutionizes Online Shopping with New Innovations
NEW YORK, NY, Dec. 26, 2023 (GLOBE NEWSWIRE) — Hmall (https://www.hmall.org/), the trailblazing e-commerce platform, has unveiled a series of groundbreaking new innovations that promise to completely revolutionize the online shopping experience as we know it. Built on...
EUR/USD Eyes More Upsides Amid The Holiday Season
Key Highlights EUR/USD is holding gains above the 1.0980 level. A key bullish trend line is forming with support near 1.0980 on the 4-hour chart. GBP/USD is also consolidating gains near the 1.2700 level. Gold prices are accelerating higher toward the $2,080 level....
LianBio Enters into Agreement Assigning its Rights for NBTXR3 in China and Other Asian Markets
SHANGHAI, China and PRINCETON, N.J., Dec. 26, 2023 (GLOBE NEWSWIRE) — LianBio (Nasdaq: LIAN), a biotechnology company dedicated to bringing innovative medicines to patients in China and other major Asian markets, today announced that the company has entered into an...
Technical Outlook and Review
DXY: The DXY (US Dollar Index) chart currently shows an overall bearish momentum, indicating a potential for price to make a bearish continuation towards the 1st support. The 1st support level at 101.46 is identified as an overlap support. Further below, the 2nd...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SP, ROVR, ESMT
NEW YORK, Dec. 25, 2023 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:SP® Plus...
ROSEN, A TOP RANKED LAW FIRM, Encourages Blackstone Mortgage Trust, Inc. Investors to Inquire About Securities Class Action Investigation – BXMT
NEW YORK, Dec. 25, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces that it is investigating potential securities claims on behalf of shareholders of Blackstone Mortgage Trust, Inc. (NYSE: BXMT) resulting from allegations that...
Eagle Pharmaceuticals (EGRX) Accounting Woes Continue Following Investor Fraud Suit – Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages EGRX Investors with Substantial Losses to Contact FirmSAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Eagle Pharmaceuticals, Inc. (NASDAQ: EGRX) investors who suffered substantial losses to submit...
MSS INVESTOR NEWS: ROSEN, A LEADING LAW FIRM, Encourages Maison Solutions Inc. Investors to Inquire About Securities Class Action Investigation – MSS
NEW YORK, Dec. 25, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Maison Solutions Inc. (NASDAQ: MSS) resulting from allegations that Maison...
EHang (EH) Inflated Order Book and Hid Flight Restrictions, Investor Lawsuit Alleges – Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages EH Investors Who Suffered Substantial Losses to Contact Firm’s AttorneysSAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges EHang Holdings Limited (NASDAQ: EH) investors who suffered substantial...
Maison Solutions (MSS) Accused of “Illegal and Nefarious Pumping/Manipulation” – Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Maison Solutions (MSS) Investors Who Suffered Substantial Losses to Contact FirmSAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Maison Solutions Inc. (NASDAQ: MSS) investors who suffered...
Investors Sue ChargePoint (CHPT) After it Reports Widening Loss, Revenue Miss– Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages CHPT Investors with Substantial Losses to Contact FirmSAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges ChargePoint Holdings, Inc. (NYSE: CHPT) investors who suffered substantial losses to submit...
Momcozy Bras Help Moms Start 2024 off With Incredible Comfort and Support
New York, NY, Dec. 25, 2023 (GLOBE NEWSWIRE) — Momcozy, a world-renowned maternity and baby care brand endorsed by 3 million moms, has been committed to providing best-in-class bras for moms from pregnancy through motherhood. As the year of 2024 approaches, Momcozy is...
Forecast: What to Expect from the Euro and Dollar in 2024
Forecast: What to Expect from the Euro and Dollar in 2024 Traditionally, we publish currency forecasts from leading global financial institutions at the turn of the outgoing and incoming years. Having maintained this practice for several years, it enables us to not...
DCGO DEADLINE NOTICE: ROSEN, A LEADING LAW FIRM, Encourages DocGo Inc. Investors to Secure Counsel Before Important December 26 Deadline in Securities Class Action – DCGO
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DocGo Inc. (NASDAQ: DCGO) between November 8, 2022 and September 17, 2023, both dates inclusive (the “Class Period”), of the important...
AHCO TUESDAY DEADLINE: ROSEN, LEADING TRIAL ATTORNEYS, Encourages AdaptHealth Corp. Investors to Secure Counsel Before Important December 26 Deadline in Securities Class Action – AHCO
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of AdaptHealth Corp. (NASDAQ: AHCO) between (1) August 4, 2020 and February 27, 2023, both dates inclusive (the “Class Period”) and/or...
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages ACELYRIN, INC. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – SLRN
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ACELYRIN, INC. (NASDAQ: SLRN) between May 4, 2023 and September 11, 2023, both dates inclusive (the “Class Period”), of the important...
LOVESAC ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Lovesac Company and Encourages Investors to Contact the Firm
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, reminds investors that a class action lawsuit has been filed against Lovesac Company (“Lovesac” or the “Company”) (NASDAQ: LOVE) in the...
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages ChargePoint Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – CHPT
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of ChargePoint Holdings, Inc. (NYSE: CHPT) between June 1, 2023 and November 16, 2023, both dates inclusive (the “Class Period”), of the...
BAORUI’s Ecological Feast: Diverse Integration, Paving the Way for a New Financial Era
New York, NY, Dec. 25, 2023 (GLOBE NEWSWIRE) — Recently, BAORUI Exchange officially announced its new strategic ecological layout. This significant move indicates that BAORUI is embarking on the path of technological and financial ecological integration, striving to...
FX option expiries for 25-29 December 10am New York cut
It is a holiday-stricken week in markets and even with it being a busier December than usual this year, the final trading week of the year should be a quiet one with little to work with in general. There's not much use trying to pinpoint anything to be a factor during...
ROSEN, LEADING TRIAL ATTORNEYS, Encourages Mercury Systems, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – MRCY
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of Mercury Systems, Inc. (NASDAQ: MRCY) between December 7, 2020 and June 23, 2023,...
ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Barclays PLC Investors to Secure Counsel Before Important January 2 Deadline in Securities Class Action First Filed by the Firm – BCS, BCLYF
NEW YORK, Dec. 24, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Barclays PLC (NYSE: BCS) (OTC: BCLYF) between July 22, 2019 and October 12, 2023, both dates inclusive (the “Class Period”), of...
USD/JPY Price Analysis: Investors on Edge Ahead of US Inflation
The US inflation scenario is now leaning towards lower levels. The dollar index is poised for a weekly loss of approximately 0.73%. Data revealed a 2.5% year-on-year increase in Japan’s core consumer prices for November. Friday’s USD/JPY price analysis was bearish,...
ROSEN, A TOP RANKED LAW FIRM, Encourages Generac Holdings Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – GNRC
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Generac Holdings Inc. (NYSE: GNRC) between May 3, 2023 and August 3, 2023, both dates inclusive (the “Class Period”), of the...
ROSEN, LEADING INVESTOR COUNSEL, Encourages General Motors Company Investors to Secure Counsel Before Important Deadline in Securities Class Action – GM
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of General Motors Company (NYSE: GM) between February 2, 2022 and October 26, 2023, both dates inclusive (the “Class Period”), of the...
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages National Instruments Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – NATI
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of common stock of National Instruments Corporation (NASDAQ: NATI) between May 25, 2022 and January 17, 2023, both dates inclusive (the “Class Period”),...
ROSEN, A TOP RANKED LAW FIRM, Encourages Fisker Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – FSR
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Fisker Inc. (NYSE: FSR) between August 4, 2023 and November 20, 2023, both dates inclusive (the “Class Period”), of the important...
SPWR 3-DAY DEADLINE ALERT: Hagens Berman Encourages SunPower (SPWR) Investors with Substantial Losses to Contact Firm’s Attorneys Before Dec. 26th Deadline in Securities Class Action Over Bookkeeping Fraud
SAN FRANCISCO, Dec. 23, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges SunPower Corporation (NASDAQ: SPWR) investors who suffered substantial losses to submit your losses now. Class Period: Mar. 9, 2023 – Oct. 24, 2023Lead Plaintiff Deadline: Dec. 26, 2023Visit:...
ROSEN, NATIONAL TRIAL LAWYERS, Encourages EHang Holdings Limited Investors to Secure Counsel Before Important Deadline in Securities Class Action Commenced by the Firm – EH
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of EHang Holdings Limited (NASDAQ: EH) between January 20, 2022 and November 6, 2023, both dates inclusive (the “Class Period”), of...
ROSEN, LEADING INVESTOR COUNSEL, Encourages Dollar General Corporation Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DG
NEW YORK, Dec. 23, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Dollar General Corporation (NYSE: DG) between May 28, 2020 and August 30, 2023, both dates inclusive (the “Class Period”), of the...
GBP/USD Shrugs After Mixed UK Data
UK retail sales jump 1.3%, GDP contracts by 0.1% US to release PCE Price Index on Friday The British pound is drifting on Friday. In the European session, GBP/USD is trading at 1.2701, up 0.08%. UK retail sales rebound but GDP contracts UK retail sales jumped 1.3% in...
Canadian Dollar Powers Higher, GDP Next
Friday’s economic releases: Canadian GDP US PCE Price Core Index The Canadian dollar is showing limited movement on Friday. In the European session, USD/CAD is trading at 1.3276, down 0.05%. We could see stronger movement in the North American session, with the...
Solana and Bitcoin Failing to Storm Milestone
Market picture Crypto market capitalisation was climbing to $1.67 trillion on Friday morning – a new high since May 2022. However, very quickly, the market was hit by another wave of profit-taking, which has become commonplace over the past fortnight. Bitcoin is once...
USDCHF Hits 2023 Floor – Action Forex
USDCHF tests July’s eight-year low Sellers might stay in power, but not for long Core PCE inflation due at 13:30 GMT It was another bearish week for USDCHF, with the price fully retracing its July-September upleg to reach July’s eight-year low of 0.8551. There is...
US PCE slows to 2.6% in Nov, core PCE down to 3.2%, miss expectations
US personal income rose 0.4% mom or USD 81.6B in November, matched expectations Personal spending rose 0.2% mom or USD 46.7B, below expectation of 0.3% mom. PCE price index fell -0.1% mom, below expectation of 0.0% mom. Core PCE price index (excluding food and...
Seven tech stocks that can broaden your exposure beyond the ‘Magnificent Seven’ in 2024
During the bull market of 2023, the “Magnificent Seven” stocks have dominated financial media coverage, and rightly so, but investors might want to gain exposure to other important “quality” tech-related names.Read Full Story Latest posts by Market Watch (see...
US durable goods orders rises 5.4% in Nov, ex-transport up 0.5%
US durable goods orders rose 5.4% mom to USD 295.4B in November, above expectation of 2.7% mom. Ex-transport orders rose 0.5% mom to 187.6B, above expectation of 0.2% mom. Ex-defense orders rose 6.5% mom to USD 279.6B. Transportation equipment rose 15.3% mom to USD...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8536; (P) 0.8587; (R1) 0.8614; More…. USD/CHF’s decline continues today and falls through 0.8551 support without noticeable recovery. Longer term down trend is resuming. Intraday bias remains on the downside for 100% projection of 0.9111 to 0.8665...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.57; (P) 142.60; (R1) 143.14; More… USD/JPY is still bounded in consolidation from 140.94 and intraday bias stays neutral. Also, outlook will remain bearish as long as 146.58 resistance holds. Firm break of 140.94 will resume the whole fall from...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2636; (P) 1.2666; (R1) 1.2720; More… GBP/USD is still bounded in range below 1.2793 and intraday bias remains neutral at this point. Further rally is still expected as long as 1.2499 support holds. . On the upside, firm break of 1.2793 will resume...
World Premiere: DOOGEE S41 Max and S41 Plus Elevat Rugged Phone Technology to New Heights
NEW YORK, NY, Dec. 23, 2023 (GLOBE NEWSWIRE) — DOOGEE, at the forefront of innovation in rugged and smart devices, proudly presents its latest breakthrough – DOOGEE S41 Series (S41 Max & S41 Plus). Packed with these incredible models, S41 Max, and S41 Plus, DOOGEE...
Summary 12/25 – 12/29
Monday, Dec 25, 2023 Tuesday, Dec 26, 2023 Wednesday, Dec 27, 2023 Thursday, Dec 28, 2023 Friday, Dec 29, 2023 The post Summary 12/25 – 12/29 appeared first on Action Forex.
ROSEN, LEADING INVESTOR COUNSEL, Encourages The Lovesac Company Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LOVE
NEW YORK, Dec. 22, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of The Lovesac Company (NASDAQ: LOVE) between March 30, 2023 and August 16, 2023,...
The Weekly Bottom Line: A Healthy Dose of Holiday Cheer’
U.S. Highlights Lower borrowing costs are showing up in the housing market with existing home sales rising modestly in November for the first time in five months. Housing starts also jumped to a nineteen-month high on the month. Personal spending remained solid in...
Saxena White P.A. Files New Securities Fraud Class Action Against Inspire Medical Systems, Inc.
BOCA RATON, Fla., Dec. 22, 2023 (GLOBE NEWSWIRE) — Saxena White P.A. has filed a securities fraud class action lawsuit (the “Class Action”) in the United States District Court for the District of Minnesota against Inspire Medical Systems, Inc. (“Inspire Medical” or...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0960; (P) 1.0986; (R1) 1.1038; More… EUR/USD’s rally from 1.0447 resumed by breaking through 1.1016 resistance. Intraday bias is back on the upside. Further rally should be seen to retest 1.1274 high. Strong resistance should be seen from there to...
What is the Best Local Liquor Store in Lone Tree, Colorado? The Answer Will Surprise You.
Total Wine & More: The Premier (Local) Liquor Store in Lone Tree, Colorado and Centennial, ColoradoIn the bustling cities of Lone Tree and Centennial, Colorado, Total Wine & More stands out as a beacon for liquor enthusiasts and casual buyers alike. Walking...
Canada’s Economy Flatlined Again in October, Likely Advanced in November
The Canadian economy registered a third consecutive month of effectively no growth on a month-on-month (m/m) basis in October. This print comes in below Statistics Canada’s advanced guidance and market expectations for a 0.2% m/m gain. The flash estimate for November...
Veradigm Sued for Securities Law Violations; Investors Should Contact Block & Leviton for More Information
BOSTON, Dec. 22, 2023 (GLOBE NEWSWIRE) — A class action lawsuit has been filed against Veradigm, Inc. (NASDAQ: MDRX) for securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might...
U.S. Consumer Spending Up but Inflation Down in November
Personal income grew 0.4% month-on-month (m/m) in November, an acceleration from October’s 0.3% gain and in line with market expectations. Accounting for inflation and taxes, real personal disposable income rose 0.4% m/m, up from 0.3% previously. Personal consumption...
Veradigm (MDRX) CEO and CFO Ousted Amid Class Action Lawsuit Alleging Accounting Fraud- Hagens Berman
HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages MDRX Investors with Substantial Losses to Contact FirmSAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Veradigm Inc. (NASDAQ: MDRX) investors who suffered substantial losses to submit your losses...
Forward Guidance: December Jobs Data to Add to Evidence that Interest Rates Are High Enough
Forward Guidance will be on vacation next week, with the next edition to come January 5th, 2024. Happy Holidays! The holiday week ahead is empty of major economic data releases, but the new year will kick off with a fresh set of high profile Canadian and U.S. labour...
Illumina (ILMN) Forced to Divest GRAIL, While Investor Class Action Now Alleges An Expanded Fraudulent Period – Hagens Berman
HAGENS BERMAN Encourages ILMN Investors with Substantial Losses to Contact Firm’s AttorneysSAN FRANCISCO, Dec. 22, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Illumina, Inc. (NASDAQ: ILMN) investors who suffered substantial losses to submit your losses now. The...
Week Ahead – Markets Wind Down for Holidays, Mind the Liquidity Gap
Quiet week ahead as FX markets enter holiday season Spotlight will fall mostly on some Japanese releases Most importantly, liquidity will be in short supply Yen awaits Bank of Japan signals Another devastating year for the Japanese currency is coming to an end....
Dollar Falters on Soft PCE Inflation Data, Sterling Rises on Retail Sales
Fresh selloff is seen in Dollar in early US session after lower than expected headline and core PCE inflation readings. While another month of progress might still be insufficient to prompt Fed for an early rate cut, at least, things are heading in the right...
Volcon Stag Manufacturing Update December 2023
Volcon Stag Manufacturing Update December 2023 Volcon Stag LTD in manufacturing facility.AUSTIN, Texas, Dec. 22, 2023 (GLOBE NEWSWIRE) — Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first all-electric, off-road powersports company, today provided an...
Canada GDP unchanged for the third month in Oct
Canada’s GDP was essentially unchanged for a third consecutive month in October, below expectation of 0.2% mom growth. Services producing industrial edged by 0.1% mom while goods-producing industries were essentially unchanged. The 20 industrial sectors evenly split...
Butler Hall Capital LLC has issued an open letter to FC’s board of directors regarding opportunities to maximize shareholder value
Believes FC Should Initiate a Strategic Review for the Education Division, Which Could be Worth $200mm to a Strategic BuyerA Sale of the Education Division in Conjunction with a Significant Step-Up in Buybacks, Could Drive 50% Accretion to FC’s FCF/share and Yield a...
Yen Steady as Japanese Inflation Dips
Japanese core inflation falls to 2.5%, as expected US to release PCE Price Index on Friday The Japanese yen is showing little movement on Friday. In the European session, USD/JPY is trading at 142.03, down 0.06%. Japanese core inflation eases to 2.5% Japan’s Core CPI,...
INE Wraps Up 2024 With New Awards, Recognized as Top Training Provider by G2
Cary, NC, Dec. 22, 2023 (GLOBE NEWSWIRE) — As 2024 draws to a close, INE, the leading provider of cybersecurity and networking technical training and certifications, is celebrating a long list of accolades from industry-leading organizations including G2, Training...
GBPJPY Rotates Lower After Rejection at 50-day SMA
GBPJPY moves without direction in the past two weeks The 50- and 200-day SMAs curb upside and downside, respectively RSI and MACD are deep in their negative zones GBPJPY had been in a prolonged uptrend since January, posting an eight-year high of 188.64 on November 24...
Brunswick Corporation recognizes winners of Employee Sustainability Leadership Awards
METTAWA, Ill. , Dec. 22, 2023 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC), the world’s largest marine technology company, recently announced its annual Sustainability Leadership Awards which celebrate the Company’s commitment to sustainable, responsible...
USD Weakness Continues Ahead of Holidays
In focus today The most important data release today will be the US November Personal Consumption Expenditures (PCE). Consensus expects Core PCE inflation to have remained steady in m/m SA terms at +0.2%. Earlier CPI and retail sales data hinted that private...
Tumor Ablation Market Size to Reach USD 2.3 Billion, at a 6.9% CAGR By 2031 – Transparency Market Research Inc.
The market for tumor ablation is growing as cancer is becoming more common.Wilmington, Delaware, United States, Dec. 22, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The global tumor ablation market was projected to attain US$ 1.3 billion in 2022. It is...
USDCAD Slips to Almost 5-Month Low
USDCAD continues the sell-off in short-term 20- and 200-day SMAs post death cross USDCAD plummeted to a fresh almost five-month low earlier today, continuing the sharp selling interest that started from the 13-month high of 1.3900. Technically, the 20- and the 200-day...
North America and Europe Luxury Interior Fabric Industry Outlook for (2024 to 2034) | Future Market Insights, Inc.
Rising Prospects for Luxury Real Estate Business, Inducing Higher Sales of Luxury Interior Fabric Industry Analysis in North America and Europe, Reach at a US$ 9,524.30 Million by 2034NEWARK, Del, Dec. 22, 2023 (GLOBE NEWSWIRE) — The Industry value of luxury interior...
Soft Inflation at the Top of Santa’s Wishlist
Appetite in European stocks waned yesterday, yet the US counterparts recovered Wednesday losses and closed the session more than 1% higher as the latest growth data was revised slightly lower to 4.9%, real consumer spending was revised down from 3.6% to 3.1%,...
FX option expiries for 22 December 10am New York cut
There are a couple to take note of, as highlighted in bold.Considering that trading conditions today are likely to be lighter as market players take off for the holidays, the remaining expiries could act more as a magnet to hold price action before rolling off later...
Quiet Forex Markets in Asia; Focus Shifts to Upcoming US, UK, and Canadian Data
The forex markets have entered a quieter phase in Asian session, likely influenced by the holiday season, leading to reduced market activity. This calm follows an overnight sell-off of Dollar, driven by renewed risk-on sentiment as seen in the stock markets. Despite...
Mountain America Brings Holiday Magic to Utah Kindergartners
Kindergarten students from South Clearfield Elementary School receive new socks and Nike shoes for ChristmasSANDY, Utah, Dec. 21, 2023 (GLOBE NEWSWIRE) — On December 12, 2023, employees of Mountain America Credit Union, members of the Davis Education Foundation and...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8599; (P) 0.8625; (R1) 0.8654; More…. Intraday bias in USD/CHF stays on the downside for 0.8551 support. Strong support could be seen there to bring rebound. Break of 0.8650 minor resistance will indicate short term bottoming, and turn bias back...
Dental Implant Experts Take Center Stage in Informative Video
AAID releases 5-minute video, Changing the World One Smile at A TimeChicago, IL, Dec. 21, 2023 (GLOBE NEWSWIRE) — The American Academy of Implant Dentistry (AAID) is excited to spotlight its public video, which educates viewers on the history of the field of implant...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2596; (P) 1.2667; (R1) 1.2710; More… GBP/USD recovers today but stays in consolidation from 1.2793. Intraday bias remains neutral for the moment. While sideway trading could extend, further rally is still expected as long as 1.2499 support holds....
BCS 12-DAY DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Encourages Barclays PLC (BCS) Investors with Substantial Losses to Contact Firm’s Attorneys Before Jan. 2nd Deadline in Securities Class Action Over Ties to Jeffrey Epstein
SAN FRANCISCO, Dec. 21, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Barclays PLC (NYSE: BCS) investors who suffered substantial losses to submit your losses now. Class Period: July 22, 2019 – Oct. 12, 2023Lead Plaintiff Deadline: Jan. 2, 2024Visit:...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0920; (P) 1.0953; (R1) 1.0975; More… EUR/USD rebounds notably today but stays below 1.1008/1016 resistance zone. Intraday bias remains neutral first. Another retreat cannot be ruled out. But further rally is expected as long as 1.0722 support...
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against The Lovesac Company (LOVE)
NEW YORK, Dec. 21, 2023 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased or otherwise...
ETHUSD Attempts to Erase Recent Pullback
ETHUSD forms structure of lower highs and lower lows But the latest rebound advances above previous high Momentum indicators suggest strengthening positive bias ETHUSD (Ethereum) had experienced a strong rally since late October, which propelled the price to a fresh...
AdCare Hospital Designated as a Blue Distinction® Center for Substance Use Treatment and Recovery
WORCESTER, Mass., Dec. 21, 2023 (GLOBE NEWSWIRE) — AdCare Hospital, a leading provider of services for co-occurring mental health and substance use disorders, has been recognized by Blue Cross Blue Shield of Massachusetts as a Blue Distinction® Center for Substance...
Canada: Retail Trade Enters Holiday Season on a High Note.
Retail sales rose by 0.7% month-on-month (m/m) in October, coming in slightly lower than Statistics Canada’s advance estimate of the +0.8% m/m reading. September’s print was revised slightly lower to +0.6% m/m from +0.7% m/m, reported in the advance estimate....
Dollar Down after Lackluster Economic Data, Yen Extending Rebound
As US session gets underway, Dollar is declining broadly, influenced by a series of lackluster economic reports. US GDP growth for Q3 was revised downward to annualized rate of 4.9% in the final estimate. Additionally, Philadelphia Fed business outlook survey for...
Volvo Joins VERSES Genius™ Beta Program
Collaboration Centered on Assisted and Autonomous Driving SafetyVANCOUVER, British Columbia, Dec. 21, 2023 (GLOBE NEWSWIRE) — VERSES AI Inc. (CBOE: VERS) (OTCQB:VRSSF) (“VERSES” or the “Company”), a cognitive computing company specializing in next-generation...
BTC/USD: News Reports Encourage Bulls to Attack the $44k Level
Optimism associated with the SEC regulator’s approval of applications to launch BTC-ETF is the main driver of Bitcoin price growth. Coindesk reports that representatives from BlackRock, Nasdaq and the Securities and Exchange Commission (SEC) met for the second time in...
Gold Price Turns Soft After Downbeat UK Inflation Figures
Gold could jump higher as long as it stays above the lower median line. A new higher high activates further growth. The US CB Consumer Confidence should bring high action. The gold price is trading in the red at $2,036 at the time of writing. However, the outlook is...
After BoJ Decision, Yen Traders Turn to CPIs and Summary of Opinions
BoJ keeps policy ultra-loose, does not hint at change Friday’s data may reveal slowdown in inflation Wage negotiations key for exiting negative rates Next week’s Summary of Opinions also in focus Yen traders turn attention to national CPI numbers On Tuesday, the Bank...
Metaworks Platforms, Inc. Introduces ECHO: The AI-Powered Metaverse Chatbot for Investor Relations
ECHO Revolutionizes Investor Relations by Providing, for the First Time, 24/7/365 Access and User Engagement of Company Data Powered by AIFairfield, CA., Dec. 21, 2023 (GLOBE NEWSWIRE) — MetaWorks Platforms, Inc. (“MetaWorks” or the “Company”), (OTCQB: MWRK), an...
EURUSD Rangebound After Forming a Double Top
EURUSD gets rejected a tad below its recent 4-month peak A failure to claim that level could validate a double top structure Momentum indicators lose steam but remain positive EURUSD experienced a solid correction from its recent four-month high of 1.1016, but the...
Bitcoin (BTC) Price Analysis: Dying-Minute $50k Breakout or Another Pullback?
Key Insights: Bitcoin’s (BTC) price grazed the $44,000 mark in the early hours of Thursday, Dec 21, and the bulls swung back into action. But despite the positive price action, Bitcoin investors transferred 4,610 BTC (~$202 million) into exchange wallets this week. ...
Canadian Dollar Edges Higher Ahead of Retail Sales
Canada to release retail sales today, GDP on Friday US GDP expected to confirm estimate 5.2% gain The Canadian dollar is slightly higher on Thursday. In the European session, USD/CAD is trading at 1.3324, down 0.19%. Canadian retail sales, GDP expected to improve It’s...
Industrial Racking System Market Size to Reach US$ 21,591.3 million at 5.6% CAGR by 2034: Fact.MR Report
Global Industrial Racking System Market Value to total US$ 12,521 million in 2024; Mobile Racking to constitute over 50% revenueRockville , Dec. 21, 2023 (GLOBE NEWSWIRE) — The global industrial racking system market is estimated at US$ 12,521 million in 2024,...
ECB’s de Guindos: Premature for rate cut discussions, emphasizes Europe’s growth challenge
In an interview with 20 Minutos, ECB Vice President Luis de Guindos emphasized that it is “too early” to discuss rate cuts, despite recent favorable data. He stressed that the data available are still insufficient for ECB to alter its current monetary policy stance...
Yen Rebounds on Upgraded Growth Forecasts, Global Risk-On Sentiment Eases
Yen rebounds broadly in today’s Asian trading session, buoyed by optimistic revisions in Japan’s economic growth forecasts. The government, in its semi-annual economic report, upgraded its growth projections for both the current and next fiscal years. Forecast for...
Automated Blinds and Shades Market Set to Hit US$ 24,102.5 Million at 4.6% CAGR by 2034: Fact.MR Report
Effective Integration of Technologies into Popular Smart Home Ecosystems to Drive Automated Blinds and Shades MarketRockville , Dec. 21, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global Automated Blinds and...
FX option expiries for 21 December 10am New York cut
There are just a couple to take note of on the day, as highlighted in bold.They are expiries for EUR/USD at 1.0900, 1.0955, and 1.1000. Put together, that should keep price action more contained and even more so considering the quiet nature of trading sentiment in...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8573; (P) 0.8630; (R1) 0.8667; More…. Intraday bias in USD/CHF stays on the downside and outlook is unchanged. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, above 0.8710 minor resistance will turn...
Indie Rock Heroes Mt. Joy, The Head And The Heart To Headline Jackson Hole Rendezvous Music Festival
Additional Acts for Annual Celebration to be Announced at a Later DateRendezvous Music Fest ackson Hole Mountain Resort (JHMR) is pleased to announce that platinum-selling indie rock heroes Mt. Joy and The Head And The Heart will headline the 2024 Rendezvous Music...
Steady Recovery Signals Strength Amid Market Cautiousness
Market picture Crypto market capitalisation has changed little over the past 24 hours, standing at $1.61 trillion with fluctuations between $1.57 trillion and $1.62 trillion. The cryptocurrency market remains cautious, which can easily be explained by the perception...
Aquafil Ranked First Among Global Companies in the “textiles” Subindustry According to Morningstar Sustainalytics Esg Risk Rating
Arco, Italy, Dec. 20, 2023 (GLOBE NEWSWIRE) — AQUAFIL RANKED FIRST AMONG GLOBAL COMPANIES IN THE “TEXTILES” SUBINDUSTRY ACCORDING TO MORNINGSTAR SUSTAINALYTICS ESG RISK RATINGArco, December 20, 2023 – Aquafil S.p.A. [ECNL:IM] [ECNLF:OTCQX] ranked as the top company...
Soft Inflation Has Pressed the Pound, But Hardly the BoE
Britain’s impressive slowdown in inflation has increased speculation around a rate cut next year. The headline consumer price index lost 0.2% in November, and the annual rate slowed from 4.6% to 3.9% – impressively below the expected 4.3%. Inflation excluding food and...
Seven tech stocks that can broaden your exposure beyond the “Magnificent Seven”
During the bull market of 2023, the “Magnificent Seven” stocks have dominated financial media coverage, and rightly so, but investors might want to gain exposure to other important “quality” tech-related names.Read Full Story Latest posts by Market Watch (see...
Will US Data Bring Pre-Christmas Joy to the Dollar?
Core PCE inflation to fall further on Friday 13:30 GMT, no big surprises expected Philly Fed manufacturing index, new home sales also on the agenda Investors see more than three rate cuts in 2024; US dollar could react moderately The transition to monetary easing The...
American Addiction Centers Announces New CEO Leadership
Dr. David Hans, American Addiction Centers Co-CEO Dr. David Hans, American Addiction Centers Co-CEOEllen-Jo Boschert, American Addiction Centers Co-CEO Ellen-Jo Boschert, American Addiction Centers Co-CEOBRENTWOOD, Tenn., Dec. 20, 2023 (GLOBE NEWSWIRE) — American...
US consumer confidence rises to 110.7 in Dec
US Conference Board Consumer Confidence rose from 101.0 to 110.7 in December, above expectation of 103.9. Present Situation Index rose from 136.5 to 148.5. Expectations Index rose from 77.4 to 85.6. “December’s increase in consumer confidence reflected more positive...
Volcon ePowersports Operational Update for December 2023
Volcon ePowersports Operational Update for December 2023 Mr. King operates a fork lift to move Volcon vehicles into the company warehouse for distribution.AUSTIN, Texas, Dec. 20, 2023 (GLOBE NEWSWIRE) — Volcon Inc. (NASDAQ: VLCN) (“Volcon” or the “Company”), the first...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 142.41; (P) 143.68; (R1) 145.12; More… Outlook in USD/JPY is unchanged and intraday bias stays neutral at this point. Upside of current recovery should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the...
UK Inflation Data Triggers Sterling Slump and Shift in BoE Rate Cut Expectations
Sterling faced a broad decline today following release of UK CPI data, which indicated that inflation slowed more significantly than anticipated. This unexpected deceleration in inflation has led markets and economists to quickly adjust their expectations for BoE rate...
DCGO INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that DocGo Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!
NEW YORK, Dec. 20, 2023 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against DocGo Inc. (“DocGo” or “the Company”) (NASDAQ: DCGO) and...
GER 40 Index Near New Highs at the End of 2023
GER 40 looks strongly bullish However, RSI suggests overbought market As the 2023 is coming to an end, the GER 40 index added more than 17% after the bounce off the 14,600 support level and the 100-week simple moving average (SMA). The price reached a new high near...
U.K. bond yields dive and stocks rally after inflation surprise
The pound and U.K. government bond yields fell on Wednesday, while the London stock market jumped, as traders boosted bets that the Bank of England will make a bigger batch of interest cuts in 2024, after inflation hit its slowest pace in more than two years.Read Full...
Bundesbank’s Nagel cautions against premature ECB rate cut expectations
Bundesbank President Joachim Nagel has issued a warning to investors and analysts anticipating an early interest rate cut by ECB. In an interview, Nagel emphasized the importance of maintaining the current interest rate levels to ensure the effective management of...
Agrifiber Product Market Size to Exceed US$ 3.36 Billion by 2034 with 6.2% CAGR: Fact.MR Report
Supportive Government Initiatives Worldwide Promoting Use of Eco-friendly Construction Materials Benefiting Agrifiber Product ManufacturersRockville , Dec. 20, 2023 (GLOBE NEWSWIRE) — The global agrifiber product market is estimated to account for a value of US$ 1.78...
Nikkei 225 Technical: Potential Major Bullish Breakout After Pull-Back
Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. The price actions of the Japan 225 Index (proxy of the Nikkei 225...
Industrial Waste Management Market to Attain a Valuation of USD 2.3 trillion by 2031: Transparency Market Research Study
The demand for industrial waste management is expected to be driven by cost reductions and a demand for sustainable products.Wilmington, Delaware, United States, Dec. 20, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The industrial waste management...
USDJPY Holds Within Key Lines
USDJPY rebounds off 140.90 Momentum indicators suggest more gains in the near term USDJPY stormed higher after penetrating the 200-day simple moving average (SMA) but found strong resistance at the 200-day exponential moving average (EMA), recouping some of last...
Telefonica stock climbs as Spanish government to match Saudi stake
Shares in Telefonica rallied on Wednesday after the Spanish government said it would buy a stake of up to 10% in the country’s telecommunications giant, which would match the investment made by a Saudi Arabian company.Read Full Story Latest posts by Market Watch (see...
Could EURGBP Bulls Keep the Rebound Alive?
EURGBP edges higher after weaker UK CPI Path higher filled with strong resistance points Momentum indicators are mostly bullish EURGBP is trading higher today after the downside surprise registered by the UK inflation report. The 0.8635 level was easily surpassed with...
Risk-On Sentiment Prevails in US, Mixed Trends in Asia, Sterling Eyes UK CPI
Robust risk-on sentiment was seen in the US markets overnight, with DOW extending its record-breaking run. S&P 500 is also approaching its historical peak, now just 50 points shy, and appears poised to challenge this high. The bullish momentum is underpinned by...
FX option expiries for 20 December 10am New York cut
There are a couple of expiries to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.1000, which should keep a lid on price action as it coincides with key resistance as of late around the figure level on the daily chart.Then, there is...
Ripple (XRP) Price Forecast: Will it Fall Below $0.60 Despite Altcoin Rally?
XRP on-chain analysis identifies a major driving factor behind the flat price action this week. Will the Ripple-backed cryptocurrency suffer another downswing while the likes of Solana, Avalanche, and Cardano score historic gains Latest posts by Crypto Editor (see all)
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2616; (P) 1.2660; (R1) 1.2691; More… GBP/USD rebounds strongly today but stays below 1.2793 resistance. Intraday bias remains neutral first. Further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume...
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground Amid Tensions In Red Sea
Global firms suspend Red Sea voyages amid worries about the safety of their vessels. Latest posts by Crypto Editor (see all) Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground Amid Tensions In Red Sea - December 19, 2023 Gold, Silver, Platinum Forecasts –...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0900; (P) 1.0916; (R1) 1.0939; More… EUR/USD is staying below 1.1008/16 resistance zone despite today’s rebound. Intraday bias remains neutral for the moment. Further rally is expected as long as 1.0722 support holds. On the upside, break of...
Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan
GRAND RAPIDS, Mich., Dec. 19, 2023 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors authorized a 2024 share repurchase plan on December 19,...
USD/CAD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… USD/CAD’s decline is resuming by breaking 1.3348 temporary low. Intraday bias is back on the downside. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the...
New Data Shows More Americans Turning to Cannabis During the Holidays in 2023
1 in 4 Americans3 plan to gift cannabis this holiday season63%2 of American adults1 plan to incorporate cannabis into their 2023 Holiday plansGen Z and Millennials are leading the trend with 78% (vs. 56% of Gen X and Boomers) in planning to include cannabis in their...
Canada: Cloudy Signals on Inflation in November Have a Sliver Lining
Canadians aren’t getting much relief on inflation for Christmas this year, with CPI inflation remaining at 3.1% on a year-on-year (y/y) basis in November. For headline inflation, Statistics Canada cited that higher prices for travel tours (+26.1% y/y,) due to events...
UPDATE – Landing Partners with CLEAR to Bring New Level of Security and Convenience to Apartment Rentals
Partnership offers seamless identity verification to Landing membersBIRMINGHAM, Ala., Dec. 19, 2023 (GLOBE NEWSWIRE) — Landing, the company behind the first membership for flexible apartment living, has partnered with CLEAR, the secure identity company, to introduce a...
Will UK CPI Please the Market Ahead of Festive Break?
Market recovering from Thursday’s relatively hawkish show by the BoE Pound would benefit against the euro from an upside CPI surprise November inflation report will be released on Wednesday (07.00 GMT) A surprisingly hawkish BoE last week Contrary to market...
Canadian CPI Boosts Loonie, Yet Overshadowed by Sterling’s Strength
Canadian Dollar jumps against US Dollar in early US session. The move is primarily attributed to Canada’s CPI data, which came in stronger than anticipated, signaling persistent inflationary pressures. Despite this uptick, CAD is not leading the pack, as it faces...
Apiiro and Wiz Partner to Unite Application and Cloud Security
The technology partnership brings together the power of Apiiro’s ASPM platform and Wiz’s CNAPP to unify application and cloud securityNEW YORK, Dec. 19, 2023 (GLOBE NEWSWIRE) — Apiiro, the leading application security posture management (ASPM) platform, today...
BoE’s Breeden focuses on inflationary persistence for future policy
BoE Deputy Governor Sarah Breeden acknowledged in a speech that the UK economy is making strides towards bringing inflation back to the BoE’s 2% target, but emphasized that “our job isn’t done.” Breeden expressed a focused concern on the persistence of inflationary...
Confidential Artists Issues Statement Debunking Saint Von Colucci’s Secret Society Contract and Replacement Rumors
Saint Von Colucci Saint Von ColucciSaint Von Colucci Saint Von ColucciNew York City, Dec. 19, 2023 (GLOBE NEWSWIRE) — Confidential Artists’s managers have released a full statement in regards to the false rumors being spread online involving its artist, Saint Von...
EURJPY Retraces Higher as 200-day Holds Ground
EURJPY falls sharply but the 200-day SMA acts as a strong floor Repeated failure to violate the latter triggers an upward spike Momentum indicators improve, but remain in negative zones EURJPY had been experiencing a steep pullback from its recent 15-year peak of...
Canned Tuna Market Set to Surge at 4.9% CAGR, to Reach USD 13.8 billion by 2031 | Transparency Market Research, Inc.
Increasing awareness of fishing methods and the need for convenience food products are expected to generate a market for canned tuna.Wilmington, Delaware, United States, Dec. 19, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The canned tuna market was...
Eurozone CPI finalized at 2.4%, core at 3.6%
Eurozone CPI was finalized at 2.4% yoy in November, down from October’s 2.9% yoy. CPI core (excluding energy, food, alcohol & tobacco) was finalized at 3.6% yoy , down from prior month’s 4.2% yoy. The highest contribution came from services (+1.69 percentage...
eSports Market Poised for 18.1% CAGR Growth, Targeting US$ 9.5 Billion by 2033: Fact.MR Report
Media companies’ growing investments in eSports are set to solidify the dominance of the media rights segment in the current and future marketplace.Rockville, Dec. 19, 2023 (GLOBE NEWSWIRE) — According to a new industry analysis by Fact.MR, a market research and...
GBP/JPY Daily Outlook – Action Forex
Daily Pivots: (S1) 179.99; (P) 180.59; (R1) 181.20; More… GBP/JPY’s rebound from 178.32 accelerates higher today and focus is back on 184.43 resistance. Firm break there will argue that pull back from 188.63 has completed and bring retest of this high. Nevertheless,...
GOGOLIVE Expands to Europe and America in 2024
Slide SlideMusic Festival Music FestivalSeoul, South Korea, Dec. 19, 2023 (GLOBE NEWSWIRE) — South Korea-based event production and promotion company GOGOLIVE (GGL Events) is expanding to Europe and America in 2024.GOGOLIVE is one of the largest concert promoters in...
GBPUSD Attempts to Recoup Some Losses
GBPUSD maintains weak bias in near term Falls from 4-month high MACD and RSI suggest horizontal move GBPUSD climbed to a new four-month high in the previous week, but it reversed lower again, falling beneath the 61.8% Fibonacci retracement level of the down leg from...
Yen Dips Post-BoJ, Kiwi and Aussie Gain
Yen falls broadly today after BoJ’s to maintain monetary policy unchanged. The sell-off can be attributed to the dismay of investors who had hoped for indications of a shift towards stimulus exit next year. BoJ’s steadfastness in its easing bias, without any hint of a...
FX option expiries for 19 December 10am New York cut
There aren't any significant option expiries for today. As such, trading sentiment will rely more to flows and the overall risk mood in markets. So far, there isn't much to suggest any notable trends in price action as there is very little to work with besides the...
Advantest Collaborates with Amarisoft for 5G/IoT Device Testing
AMARI Callbox Users to Gain Access to Advantest Device Test Software for Enhanced User Interface and Network Operator Approved Test PlansTOKYO, Dec. 19, 2023 (GLOBE NEWSWIRE) — Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) today...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. Intraday bias in USD/CHF remains neutral as consolidation from 0.8629 is in progress. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243...
CENTRAL WYOMING COLLEGE ANNOUNCES ROANHORSE AS STUDENT OF THE YEAR
Central Wyoming College Student of the Year RoanhorseCentral Wyoming College Student of Year Roanhorse Central Wyoming College Student of Year RoanhorseCentral Wyoming College Main Campus in Riverton, Wyo. Central Wyoming College Main Campus in Riverton, Wyo.Riverton,...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside,...
Thumzup Grows Advertisers by Over 40% Since June 1, 2023
Thumzup Media Corporation Thumzup mobile appCompany Adds Over 50 New Advertisers as the Thumzup Platform Continues to Gain AdoptionLos Angeles, CA, Dec. 18, 2023 (GLOBE NEWSWIRE) — Thumzup Media Corporation (“Thumzup” or the “Company”) (OTCQB: TZUP) is pleased to...
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation from 1.1016 could extend further and deeper retreat cannot be ruled out. But further rally is expected as long as 1.0722 support holds. On...
Associa H.R.W. Partners With Fearrington Village To Honor America’s Veterans
Associa H.R.W. Management and Fearrington Village Honor America’s Veterans Fearrington Village resident and Navy veteran Ken Samuelson served aboard the battleship USS Texas as she supported the Allied D-Day landings at Normandy, France on June 6, 1944.RALEIGH, N.C.,...
EUR/USD Finds Stability – Action Forex
On Monday, the EUR/USD pair is demonstrating stability, trading around the 1.0910 mark. Last week was notable for the currency markets, as key financial updates were released. The Federal Reserve and the European Central Bank maintained their interest rates at 5.50%...
ARC (Association of Related Churches) Announces Partnership With SEU
The ARC (Association of Related Churches) is excited to announce a new partnership with Southeastern University that will provide an online learning series for ARC church pastors.BIRMINGHAM, Ala., Dec. 18, 2023 (GLOBE NEWSWIRE) — The ARC (Association of Related...
Bitcoin and Ether Set to Deepen Correction
Market Picture The crypto market has started the new week with a correction sentiment, reducing capitalisation by 3% to $1.54 trillion in the last 24 hours. As is often the case with intense moves, Bitcoin looks more stable than the market, losing only 1.8% to $41.1K....
Yen Traders Exercise Caution Ahead of BoJ
Japanese Yen is extending its broad-based pullback today. This movement appears to be a strategic response from traders lightening their positions in anticipation of the upcoming BoJ policy decision. Although a rate hike by the BoJ seems highly unlikely at this stage,...
Newsweek’s Naveed Jamali Gets Exclusive Access Inside the U.S. Air Force’s B-2 Stealth Bomber in Special Episode of ‘Unconventional’ Celebrating the Aircraft’s 30th Year of Service
NEW YORK, Dec. 18, 2023 (GLOBE NEWSWIRE) — Newsweek, the modern global digital news organization, announced today a new episode of “Unconventional,” featuring the iconic, Northrop Grumman-built B-2 Spirit Stealth Bomber, with Newsweek Editor at Large, Naveed...
USD/JPY – Yen Climbs to 4.5 Month High, BoJ Next
BoJ to make rate announcement on Tuesday Fed’s Williams says no rate cuts planned The Japanese yen is lower at the start of the week. In the European session, USD/JPY is trading at 142.77, up 0.44%. The yen continues to power higher and surged 1.9% last week. It...
Calvetti Ferguson Acquires Local Dallas CPA Firm
Jason Ferguson Managing Partner at Calvetti FergusonDALLAS, Dec. 18, 2023 (GLOBE NEWSWIRE) — Calvetti Ferguson, a nationally recognized CPA and advisory firm, has acquired Dallas-based Gummer Group, LLC (“Gummer Group”) effective December 1, 2023.Calvetti Ferguson...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 141.57; (P) 142.02; (R1) 142.61; More… USD/JPY is still extending consolidation from 140.95 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But upside should be limited well below 146.58 resistance to bring another decline....
LCS promotes David Mercugliano to lead business development strategy
Des Moines, IA, Dec. 18, 2023 (GLOBE NEWSWIRE) — LCS, the nation’s third-largest senior living provider, has announced the promotion of David Mercugliano to Vice President of Business Development. In his new role, Mercugliano will lead business development initiatives...
Fed’s Mester: The next phase is not when to reduce rates
In a Financial Times interview, Cleveland Fed President Loretta Mester put emphasis on the duration of maintaining restrictive monetary policy to ensure that inflation reliably returns to the 2% target. That’s contrary to market expectations, which centers on timing...
Alchip Technologies Q3 Revenue and Net Income Set Records
Gross Profit and Operating Income Also Up Year-on-YearAlchip 2023 Q3 Revenue Breakdown by Region Alchip Technologies’ North America Region accounted for 59 percent of Q3 2023 revenue and 61 percent of 2023 fiscal year revenue to date. The Asia Pacific Region accounted...
Market’s Move Back to Reality May Heal the Dollar
The Dollar made a crucial technical breakdown the previous week following a public admission from the Fed of a policy reversal. The Fed’s comments and subsequent press conference pressed the Dollar index under its 200-day moving average. The decline continued on...
Electron Microscopes Market to Surge at a CAGR of 7.2% to Hit US$ 6 Billion by 2033: Fact.MR Report
The rising demand for high-resolution electron microscopes in the semiconductor industry is a major driver shaping the market growthRockville , Dec. 18, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global...
USD/CAD Analysis: Rate Reaches Its Minimum in 4 Months
On Friday, the rate dropped below 1.366 for the first time since the beginning of August. This was facilitated by fundamental drivers: → The US dollar weakens after the Federal Reserve meeting, which signaled the possibility of lowering interest rates next year....
IdentiFlight Enters French Energy Market as e3 IDF GmbH Announces New Office in Nantes
Yoann Payelleville Yoann Payelleville, General Manager of e3 IdentiFlight FranceImages and video compiled in b-roll style video of the IdentiFlight unit in actionNANTES, France, Dec. 18, 2023 (GLOBE NEWSWIRE) — e3 IDF GmbH and IdentiFlight announce the launch of e3...
Long Japanese Yen – Action Forex
The Federal Reserve’s (Fed) rate cut talk becomes chaotic and frankly, hard to follow. After the Fed signaled a possible end to its monetary policy tightening campaign and the European policymakers refused to adhere, some Fed members including John Williams and...
FX option expiries for 18 December 10am New York cut
There are a couple to take note of on the day, as highlighted in bold.The first being for EUR/USD at 1.0910, which could just keep price action more sticky before the expiries roll off. From a technical perspective, the level doesn't hold any significance as key...
New Zealand Dollar Rises on Robust Domestic Data; Market Awaits BoJ’s Pivotal Decision
New Zealand Dollar strengthens broadly in an otherwise quiet Asian session today, leading Aussie along with it. This notable rise can partly be attributed to two key domestic factors: a significant improvement in consumer sentiment and robust data from the country’s...
ROSEN, A LEADING LAW FIRM, Encourages Microvast Holdings, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – MVST, MVSTW
NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds of purchasers of securities of Microvast Holdings, Inc. (NASDAQ: MVST, MVSTW) between October 19, 2022 and November 20, 2023, both dates inclusive (the “Class...
ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – MDRX
NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Veradigm Inc. f/k/a Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) between February 26, 2021 and June 13, 2023, both dates...
Global Hyperscale Cloud Market to garner a value over US$ 3,411.30 billion by 2034 | Future Market Insights, Inc. Projection
Hyperscale cloud refers to cloud computing infrastructure designed to deliver vast computing resources and storage capabilities for large-scale applications. Hyperscale cloud applications can scale IT infrastructure on demand using off-site data centers, which are...
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages General Motors Company Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – GM
NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of General Motors Company (NYSE: GM) between February 2, 2022 and October 26, 2023,...
Gold Outlook for 2024 – ForexTV
As we look toward 2024, the gold markets could be one of the more interesting places to be. We have seen a very bullish 2023, and at this point in time, it’s very possible that we could see 2024 show even more fireworks. Latest posts by Crypto Editor (see all)
Farfetch (FTCH) Tumbles Amid Liquidity Problems and Pending Securities Class Action – Hagens Berman
HAGENS BERMAN Encourages Farfetch Limited (FTCH) Investors with Substantial Losses to Contact Firm’s Attorneys Before Dec. 19th DeadlineSAN FRANCISCO, Dec. 17, 2023 (GLOBE NEWSWIRE) — Hagens Berman urges Farfetch Limited (NYSE: FTCH) investors who suffered substantial...
Kaplan Fox & Kilsheimer LLP Reminds Acelyrin Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of investors that purchased or otherwise acquired Acelyrin, Inc. (“Acelyrin” or the “Company”) (NASDAQ: SLRN) securities between May...
2024 International Economic Outlook: Weathering the Storm
Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be...
Kaplan Fox & Kilsheimer LLP Reminds Eagle Pharmaceuticals Investors of a Class Action and Upcoming Deadline
NEW YORK, Dec. 17, 2023 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP reminds investors that a complaint has been filed on behalf of investors that purchased or otherwise acquired Eagle Pharmaceuticals, Inc. (“Eagle” or the “Company”) (NASDAQ: EGRX) securities...
EUR/CHF Weekly Outlook – Action Forex
While EUR/CHF’s recovery from 0.9402 extended last week, it failed to break through 0.9543 resistance and reversed from there. Initial bias remains neutral this week first, and further decline is expected. On the downside, firm break of 0.9407 will confirm larger down...
EUR/GBP Weekly Outlook – Action Forex
EUR/GBP recovered after edging lower to 0.8548 last week, but upside is capped below 0.8648 support turned resistance so far. Initial bias remains neutral this week first. Some more consolidations could be seen but downside breakout is expected. Break of 0.8548 will...
EUR/JPY Weekly Outlook – Action Forex
EUR/JPY extended the consolidation from 153.15 last week and outlook is unchanged. Initial bias remains neutral this week first and further decline is expected. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to...
GBP/JPY Weekly Outlook – Action Forex
Much volatility was seen in GBP/JPY, as it reversed after failing to break through 184.44 support turned resistance, and then dived to 178.32, then recovered again. Initial bias stays neutral this week first. Deeper decline is expected as long as 184.30 resistance...
USD/CAD Weekly Outlook – Action Forex
USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will...
AUD/USD Weekly Report – Action Forex
AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance...
AHCO DEADLINE ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages AdaptHealth Corp. Investors With Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – AHCO
NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of AdaptHealth Corp. (NASDAQ: AHCO) between (1) August 4, 2020 and February 27, 2023, both dates inclusive (the “Class Period”) and/or...
Forex and Cryptocurrencies Forecast – Action Forex
EUR/USD: Dovish Fed Reversal The fate of EUR/USD was determined by two events last week: the FOMC (Federal Open Market Committee) meeting of the US Federal Reserve and the meeting of the Governing Council of the European Central Bank (ECB), which took place a day...
Acelyrin, Inc. (SLRN) Shareholder Reminder: Kessler Topaz Meltzer & Check, LLP Reminds SLRN Investors of Securities Fraud Class Action Lawsuit Filed on Their Behalf
RADNOR, Pa., Dec. 16, 2023 (GLOBE NEWSWIRE) — The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Central District of California...
USD/CHF Weekly Outlook – Action Forex
USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However,...
ROSEN, LEADING INVESTOR COUNSEL, Encourages ON Semiconductor Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – ON
NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of common stock of ON Semiconductor Corporation (“onsemi”) (NASDAQ: ON) between May 1, 2023 and...
GBP/USD Weekly Outlook – Action Forex
GBP/USD’s rise from 1.2036 resumed last week and edged higher to 1.2793. But with subsequent retreat, initial bias stays neutral this week for consolidations first. Outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SUM, BVH, ORRF
NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) — Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:Summit Materials,...
USD/JPY Weekly Outlook – Action Forex
Despite much volatility last week, USD/JPY’s fall from 151.89 is still in progress. But as a temporary low was formed at 140.94, initial bias is neutral this week first for consolidations. Upside should be limited well below 146.58 resistance to bring another decline....
Risk-On Wave Sweeps Markets, Stocks Hit Records, Dollar Declines
The financial markets concluded last week on a robust risk-on sentiment, driven primarily by the flurry of central bank activities. The stock markets, in particular, resonated with a bullish tone, cementing their position after Fed’s dovish shift. This sentiment...
ROSEN, NATIONAL TRIAL LAWYERS, Encourages FMC Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – FMC
NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of FMC Corporation (NYSE: FMC) between November 2, 2022 and October 20, 2023, both dates inclusive (the “Class Period”), of the...
EUR/USD Weekly Outlook – Action Forex
EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest...
ROSEN, SKILLED INVESTOR COUNSEL, Encourages SolarEdge Technologies, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SEDG
NEW YORK, Dec. 16, 2023 (GLOBE NEWSWIRE) —WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of SolarEdge Technologies, Inc. (NASDAQ: SEDG) between February 22, 2022 and October...
EUR/AUD Weekly Outlook – Action Forex
EUR/AUD’s decline resumed last week but recovered after dipping to 1.6206. Initial bias remains neutral this week first. Outlook stays bearish as long as 1.6478 resistance holds. Firm break of 1.6206 will resume whole fall from 1.7062. Next target is 100% projection...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2653; (P) 1.2724; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen but outlook will stay bullish as long as 1.2499 support holds. On the upside, break of 1.2793 will resume the...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. Intraday bias in USD/CHF remains mildly on the downside for the moment. Current decline from 0.9243 should extend to target 0.8551 key support level. For now, near term outlook will stay bearish as long as...
USD/JPY Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 140.92; (P) 141.92; (R1) 142.87; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Current decline from 151.89 should target next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday...
Canadian CPI to Edge Back Below 3% in November
We expect Canadian inflation pressures to have moderated more in November. Headline inflation is expected to have dropped to 2.9% from 3.1% in October reflecting a pullback in retail gasoline prices and further easing in food price growth. That would mark the second...
The Weekly Bottom Line: Cuts! The Herald Angels Sing
U.S. Highlights The Federal Reserve held the policy rate steady at 5.25-5.5% at its final interest rate announcement of the year. However, a markdown in the FOMC’s interest rate projections and little pushback from Chair Powell in the press conference on the recent...
Weekly Economic & Financial Commentary: A Win for the Doves
Summary United States: Consumers Maintain Spending Power Amid Slowing Price Growth Data released this week revealed that gradually easing price pressures are promoting consumer resilience, while high financing costs continue to bite producers. Although core CPI...
FMC Corporation STOCK ALERT: Robbins LLP Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Class Action Against FMC Corporation
SAN DIEGO, Dec. 16, 2023 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired FMC Corporation (NYSE: FMC) common stock between November 2, 2022 and...
2024 International Economic Outlook: Weathering the Storm
Summary Key Themes As we head into 2024, we are downbeat on the prospects for global GDP growth. In our view, the global economy is likely to experience a period of below-trend growth in 2024, with the global economy expanding just 2.4%. Growth prospects are to be...
CLVR Shareholder News: Robbins LLP Reminds Investors it is Looking into the Officers and Directors of Clever Leaves Holdings Inc.
SAN DIEGO, Dec. 16, 2023 (GLOBE NEWSWIRE) — Shareholder rights law firm Robbins LLP is investigating Clever Leaves Holdings Inc. (NASDAQ: CLVR) to determine whether certain Clever Leaves officers and directors violated securities laws and breached fiduciary duties to...
Commodities Year Ahead 2024: Fed Policy to Drive Gold, Oil to Dance to Rhythm of OPEC+
Gold enters uncharted territory twice in 2023 Fed policy to remain gold’s main driver in 2024 Industrial metals to stay locked on China Easing demand, OPEC+ supply, and geopolitics will shape crude oil Fed rate cut expectations fuel gold After a dull 2022, gold staged...
Paycom Software, Inc. Stock News: Robbins LLP Reminds Investors of Fast Approaching Lead Plaintiff Deadline in Class Action Against PAYC
SAN DIEGO, Dec. 16, 2023 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Paycom Software, Inc. (NYSE: PAYC) securities between May 3, 2023 and...
Summary 12/18 – 12/22
Monday, Dec 18, 2023 Tuesday, Dec 19, 2023 Wednesday, Dec 20, 2023 Thursday, Dec 21, 2023 Friday, Dec 22, 2023 The post Summary 12/18 – 12/22 appeared first on Action Forex.
Illumina, Inc. Lead Plaintiff Deadline Alert: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the ILMN Class Action
SAN DIEGO, Dec. 16, 2023 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a shareholder filed a class action lawsuit on behalf of persons and entities that purchased or otherwise acquired Illumina, Inc. (NASDAQ: ILMN) securities between May 1, 2023 and October...
Sunset Market Commentary
Markets Today’s PMIs marked the end of a busy week. They would either confirm or challenge yesterday’s ECB en BoE case for signaling steady rates for the foreseeable future. It turned out to be the latter for Frankfurt, triggering Bund outperformance vs US Treasuries....
Resurgent ‘animal spirits’ in financial markets may undermine Fed’s inflation battle, Nomura says
A contrarian viewpoint is emerging that challenges investors’ recent optimism over the Federal Reserve’s ability to bring inflation down to 2% without a U.S. recession or a big rise in unemployment.Read Full Story Latest posts by Market Watch (see all)
US PMI composite rises to 51.0, picks up a little momentum
US PMI Manufacturing fell from 49.4 to 48.2 in December. PMI Services rose from 50.8 to 51.3. PMI Composite rose from 50.7 to 51.0, a 5-month high. Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said: “The early PMI data indicate that...
Col. Jennifer Pritzker Named Best in Biz Awards’ 2023 Philanthropist of the Year
The 13th Annual Best in Biz Awards recognizes notable companies and professionals from all spectrums.2023 Best in Biz Awards’ Philanthropist of the Year Col. Jennifer Pritzker was named a Bronze winner in the 13th Annual Best in Biz Awards’ Philanthropist of the Year...
Weekly Focus – Central Bankers Boost Christmas Spirit
Repricing continued in the rates markets this week as central bankers did little to talk rates back up. The market is currently pricing in the US short-term rates to fall below 4% by end of next year. In euro area, short-term rates are priced to approach the 2% mark...
DEADLINE ALERT for EH and EGRX: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders
LOS ANGELES, Dec. 15, 2023 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a...
Week Ahead – BoJ Meets for the Last Time in 2023, US Core PCE and UK CPIs Also On Tap
Yen traders await BoJ decision for pivot clues US core PCE index the highlight of the US agenda UK CPI numbers to be the pound’s next test Loonie and aussie await Canada’s CPIs and RBA minutes Will BoJ policymakers hint at the end of negative rates? Following a...
ROCKLEY SHAREHOLDER ACTION REMINDER: Faruqi & Faruqi Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $25,000 In Rockley To Contact Him Directly To Discuss Their Options
Photo 1 James (Josh) Wilson Faruqi & Faruqi, LLPIf you suffered losses exceeding $25,000 investing in SC Health Corporation (“SC Health”) (NYSE: SCPE; NYSE: SCPE.WS; NYSE: SCPE.U) and Rockley Photonics Holdings Limited (“Rockley”) (NYSE: RKLY; NYSE: RKLY.WS)...
Bank of Japan Meeting: Another Baby Step to Exiting Negative Rates?
Despite heightened rate hike speculation, BoJ to likely stand pat in December No change is anticipated either in yield curve control But yen traders will be seeking fresh clues in Tuesday’s announcement BoJ still to join the rate hike club The Bank of Japan is the...
Dollar Rebounds on New York Fed President’s Remarks, Euro and Sterling Soften after PMIs
Dollar is having a notable rebound in early US trading session, buoyed by comments from New York Fed President John Williams. Speaking on CNBC’s “Squawk Box,” Williams stated, “we aren’t really talking about rate cuts right now,” adding that it is “premature” to...
XPO Named One of “America’s Greatest Workplaces for Diversity for 2024” by Newsweek
GREENWICH, Conn. , Dec. 15, 2023 (GLOBE NEWSWIRE) — XPO (NYSE: XPO), a leading provider of freight transportation in North America, has been named one of “America’s Greatest Workplaces for Diversity for 2024” by Newsweek magazine. XPO received this honor for...
AUDUSD: Solid Chinese Data Further Boost Post-Fed Rally
AUD/USD keeps firm bullish tone for the third consecutive, with better than expected China retail sales and industrial production data adding to positive near-term outlook, established after dovish Fed on Wednesday. The pair is trading near new 4 ½ month high in early...
Shimmick Corporation Appoints Joe Del Guercio to Board of Directors
IRVINE, Calif., Dec. 15, 2023 (GLOBE NEWSWIRE) — Shimmick Corporation (“Shimmick”) (Nasdaq: SHIM), a leading water infrastructure company, today announced the appointment of Joe Del Guercio to the Company’s Board of Directors (the “Board”), effective on December 14,...
British Pound Steady after Mmixed PMIs
UK Services PMI accelerates, Manufacturing PMI declines Bailey’s dampens rate cut expectations The British pound is steady on Friday, after posting gains of 1.1% a day earlier. In the European session, GBP/USD is trading at 1.2767, up 0.03%. UK PMIs a mix British PMIs...
TFF Pharmaceuticals Announces Reverse Stock Split
Common Stock Will Begin Trading on a Split-Adjusted Basis on December 19, 2023FORT WORTH, Texas, Dec. 15, 2023 (GLOBE NEWSWIRE) — TFF Pharmaceuticals, Inc. (NASDAQ: TFFP), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative...
AUDUSD Looks for Bullish Expansion
AUDUSD marks new higher high, breaks key resistance area Short-term bias positive, but 0.6715 zone adds some pressure AUDUSD experienced a spectacular rally after a dovish FOMC policy meeting earlier this week, crawling as high as 0.6727 on Thursday – the highest...
Fuse Group Holding Inc. Announces Signing of Consulting Agreement
Arcadia California, Dec. 15, 2023 (GLOBE NEWSWIRE) —Fuse Group Holding Inc. Announces Signing of Consulting Agreement Arcadia, CA. December 15, 2023 – Fuse Group Holding Inc., (OTCQB: FUST) (hereinafter referred to as “Fuse Group” or the “Company”), a company in...
USDCAD Plummets Below Crucial Trendline
USDCAD posts a fresh 2½-month low in today’s session Decline shows no signs of easing after break below 200-day SMA Momentum indicators are pointing at an overstretched retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November...
Electric Vehicle (EV) Battery Market Size Worth US$ 347 Billion By 2033: Fact.MR Report
Technological advancements in battery technology, particularly in terms of energy density, charging speed, and overall performance, are expected to boost the market growth during the forecast periodRockville , Dec. 15, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a...
UK services sector boosts PMI composite, averting recession, BoE cut premature
UK PMI Manufacturing fell from 47.2 to 46.4, below the expected 47.5. Conversely, PMI Services rose from 50.9 to 52.7, exceeding expectations of 51.0 and reaching a six-month high. This surge in services also lifted PMI Composite from 50.7 to 51.7, marking another...
Natural Cosmetic Ingredients Market Set for Exponential Growth, Projected to Reach US$1,238.9 Million by 2030 at a 7.1% CAGR, Recent Report by Persistence Market Research
The global natural cosmetic ingredients market fuels a rising consumer demand for pure beauty products. As awareness grows about potential risks linked to synthetic chemicals in traditional cosmetics, a transformative shift in consumer preferences drives market...
USD/CAD Daily Outlook – Action Forex
Daily Pivots: (S1) 1.3473; (P) 1.3540; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside at this point, with focus on 1.3378 support. Decisive break there will argue that whole rise from 1.3091 has completed at 1.3897. Deeper fall should then be seen...
FX option expiries for 15 December 10am New York cut
There is just one to take note of, as highlighted in bold.That being for EUR/USD at 1.0950, in which I detailed its potential impact in this post here. Besides that, there isn't any significant ones that should impact price action across the board before we wrap up...
Euro Strong Ahead of PMI Release, Dollar Weak as 10-Yr Yield Broke 4%
Euro is emerging as the strongest currency for the week, bolstered by ECB’s resistance to the expectations of a rate cut. The common currency will now look into today’s Eurozone data. Positive surprises from there could solidify ECB’s stance, and give Euro more fuel...
Red Cat Holdings Selected by U.S. Army as Finalist for Short Range Reconnaissance Tranche 2 Drone Program
Defense Innovation Unit and U.S. Army to provide $3 million in additional funding to support final program milestonesSAN JUAN, Puerto Rico, Dec. 14, 2023 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or the “Company”), a drone technology company...
Bank of England Hawks Extend the Pound’s Rally
The Fed’s dovish attitude, for now, hasn’t extended too far into Europe. The Bank of England kept its key rate unchanged at 5.25%, with three of the nine members voting in favour of a quarter-point hike. In a commentary on the decision, the Bank of England emphasised...
“I Need to See It With My Own Eyes”: How US Ophthalmologists React to Apellis’ Syfovre Safety Warnings When Managing Geographic Atrophy
Ophthalmologists’ reservations about using Syfovre in Geographic Atrophy are more limited to “new start” patients, according to Spherix Global Insights.Exton, PA, Dec. 14, 2023 (GLOBE NEWSWIRE) — Geographic Atrophy (GA), the most severe stage of dry age-related...
Bank of England Review – Push-Back on Rate Cut Expectations
At today’s monetary policy meeting the BoE left the key policy rate unchanged at 5.25% as widely expected. The BoE delivered hawkish communication in an attempt to push-back on markets expectation of rate cuts next year. EUR/GBP declined on the back of the statement...
Mortgage Rates Drop Below Seven Percent
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 12/14/2023.MCLEAN, Va., Dec. 14, 2023 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate...
ECB Review: A Conditional Push-Back
Today’s ECB policy meeting saw no changes to the policy rates, as unanimously expected across analysts and market pricing, hence the deposit rate was maintained at 4%. The ECB already surprised with an announcement today of its schedule for PEPP reinvestments for next...
Oxford Park Income Fund, Inc. Provides November Net Asset Value Update
GREENWICH, Conn., Dec. 14, 2023 (GLOBE NEWSWIRE) — Oxford Park Income Fund, Inc. (“Oxford Park”, “the Fund”, “our”) announced today the Net Asset Value (“NAV”) as of November 30, 2023 was $26.80 per share of common stock.The fair value of the Fund’s portfolio...
Sunset Market Commentary – Action Forex
Markets No surprise from the ECB today as the central bank kept its deposit rate unchanged at 4%. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. New staff projections show downward revisions to inflation...
Sterling and Euro Surge as BoE and ECB Hold Rates, Contrast Fed’s Dovish Stance
Sterling and Euro jumped sharply following the decisions by BoE and ECB to leave interest rates unchanged, in line with market expectations. Notably, both central banks diverged from Fed’s recent dovish turn, with explicit statements pushing back on the speculation of...
Will Gold Reach a New Record High in 2024?
Gold is valued for its performance during crises, its role as a long-term store of value and hedge against inflation, its effectiveness as a portfolio diversifier, and its absence of default risk and high liquidity. Latest posts by Crypto Editor (see all)
EUR/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.0800; (P) 1.0848; (R1) 1.0924; More… Intraday bias in EUR/USD remains on the upside at this point. Decisive break of 1.1016 resistance will confirm resumption of whole rally from 1.0447. Further rally should then be seen to retest 1.1274 high. On...
Center for Medicare Services Established National Pricing of AmnioWrap2™ in All MAC Regions
Pricing Provides AmnioWrap2™ Reimbursement in All MAC RegionsWe Manufacture Products That Change Lives We Manufacture Products That Change LivesPOMPANO BEACH, Fla., Dec. 14, 2023 (GLOBE NEWSWIRE) — BioStem Technologies Inc. (OTC: BSEM), a leading regenerative medicine...
(ECB) Monetary policy decisions – Action Forex
The Governing Council today decided to keep the three key ECB interest rates unchanged. While inflation has dropped in recent months, it is likely to pick up again temporarily in the near term. According to the latest Eurosystem staff projections for the euro area,...
HIMALAYA TECHNOLOGIES PURSUES SPECIALTY CONTRACTOR AND CONSTRUCTION ACQUISITIONS IN SOUTHEAST
Pittsburgh, PA, Dec. 14, 2023 (GLOBE NEWSWIRE) — Himalaya Technologies, Inc. (OTC: HMLA) announces it intends to consolidate specialty contractors, specialty construction companies, and providers of adjacent value added services in the southeast. Management intends to...
BoE stands pat, three hawks vote for another hike
BoE kept Bank Rate unchanged at 5.25%, aligning with market expectations. The decision was not unanimous, with a 6-3 vote where Megan Greene, Jonathan Haskel, and Catherine Mann favored a 25 bps hike to 5.50%. This split decision reflects that the hawks remained...
Autonomous Car Market Set for 10.8% CAGR Surge to Reach USD 3 trillion by 2031: Exclusive Report by Transparency Market Research, Inc.
Smart cars and integrated technologies are expected to drive demand for autonomous vehicles.Wilmington, Delaware, United States, Dec. 14, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The autonomous car industry was worth US$ 1.1 trillion in 2021. A CAGR...
US 500 Index Surges to Almost 2-Year High
US 500 index posts 5-day bullish rally Technical oscillators look overbought The US 500 index (cash) stormed higher after validating the previous high of 4,607. Although, the price jumped to its highest level since January 2022 at 4,728, extending the strong rebound...
Crustacean Market Soars to US$ 32.78 Billion, Projecting a 5.5% CAGR Evolution by 2034: Fact.MR Analysis
Crustacean Consumption Rising Steadily with Growing Preference for Protein-rich Diets and Seafood OptionsRockville, Dec. 14, 2023 (GLOBE NEWSWIRE) — As per a new study published by Fact.MR, a market research and competitive intelligence provider, the global Crustacean...
EURUSD Gains in the FOMC Aftermath
EURUSD reclaims 200-day SMA following dovish Fed signals ECB meeting later today could spur some volatility Momentum indicators are skewed to the positive side EURUSD had been experiencing a solid downside correction from its recent three-month peak of 1.1016, which...
Sweet Potato Flour Market to Achieve US$ 1.34 Billion with a 4.6% CAGR by 2034: Fact.MR Study
Increasing Focus on Health and Fitness and Expanding Vegan Population Driving Global Demand for Sweet Potato FlourRockville, Dec. 14, 2023 (GLOBE NEWSWIRE) — As per a new study published by Fact.MR, a market research and competitive intelligence provider, the global...
GBP/USD, EUR/USD, USD/CAD Analysis: Dollar Falls Sharply after Fed Meeting
The American currency, having strengthened after the release of inflation data in the United States, fell sharply against almost all leading currencies yesterday. The reason for the sharp weakening of the dollar was most likely the updated median forecast of FOMC...
Dollar Dives after Fed, Yen Leads Gains, Europe Awaits Central Banks Decisions
Investor sentiment was buoyed strongly by Fed’s projection of three rate cuts in the upcoming year. This significant dovish turn by the Fed has sparked a wave of investor optimism, propelling the DOW to record-breaking high. This buoyant mood has largely permeated the...
FX option expiries for 14 December 10am New York cut
There are quite a number to take note of, as highlighted in bold.The first ones are for EUR/USD, which could keep price action more contained just below 1.0900 before we get to the ECB later in the day. The most notable of those expiries is the one at the figure level...
: BP downgraded to underweight by JPMorgan
BPUK:BP was downgraded to underweight from neutral at JPMorgan, which cut its target price by 11% to 550 pence. “This year is revealing BP’s cashflows as increasingly leveraged to wider standard deviation variables – notably trading and working cap. The second order...
USD/CHF Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 0.8720; (P) 0.8757; (R1) 0.8789; More…. No change in USD/CHF’s outlook as intraday bias remains neutral. Further rise remains in favor with 0.8722 minor support intact. Above 0.8819 will resume the rebound from 0.8665 short term bottom to 0.8886...
New Study Reveals Important Insights on the Carbon Footprint of Beef Production
BERKELEY, Calif., Dec. 13, 2023 (GLOBE NEWSWIRE) — A research paper published in PLOS ONE, conducted by Daniel Blaustein-Rejto, the Breakthrough Institute’s Director of Food and Agriculture, and Linus Blomqvist, a PhD student in Environmental Economics and Science at...
GBP/USD Mid-Day Outlook – Action Forex
Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD remains neutral and further decline is mildly in favor with 1.2614 minor resistance intact. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at...
SHAREHOLDER ALERT: Levi & Korsinsky Notifies Expensify, Inc. (EXFY) Investors of a Class Action Lawsuit and Upcoming Deadline
NEW YORK, Dec. 13, 2023 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors in Expensify, Inc. (“Expensify” or the “Company”) (NASDAQ: EXFY) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Expensify...
