Market Spotlight: Uber's Smooth Ride to Continue?
Uber Up NextOn the back of a slew of major tech names reporting last week, focus this week shifts to ride hailing technology company (and food delivery technology company) Uber. The group has seen three consecutive quarters of earnings misses and traders and investors alike will be watching today to see if Uber can put […]
ForexLive European FX news wrap: The post-NFP vibes continue to play out
Headlines: Markets: GBP leads, JPY lags on the day European equities lower; S&P 500 futures down 0.6% US 10-year yields up 6.7 bps to 3.598% Gold up 0.5% to $1,873.82 WTI crude up 0.6% to $73.82 Bitcoin down 0.1% to $22,912 The day started off with a focus on Japan after the yen opened with […]
ECB Visco says further tightening can continue with caution, regard to steps already taken
Ignazio Visco is Governor of the Bank of Italy and thus a European Central Bank Governing Council member. He spoke over the weekend in front of Italy’s Assiom-Forex financial markets association.: “The policy tightening can now continue with the due caution, carefully assessing the implications for the economy and inflation prospects of the measures that […]
BOJ Dep Gov Wakatabe says absolutely no change in BOJ commitment to continue easing
Eamonn Sheridan Thursday, 02/02/2023 | 01:37 GMT-0 02/02/2023 | 01:37 GMT-0 Bank of Japan Deputy Governor Wakatabe BOJ will continue to conduct monetary policy to achieve 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases […]
Oil bulls continue to run into sellers ahead of $83
Adam Button Friday, 27/01/2023 | 16:13 GMT-0 27/01/2023 | 16:13 GMT-0 Every time oil hits $83 and fades, the importance of that level grows. The WTI crude oil Crude Oil Crude oil is the most popular tradable instrument in the energy sector, offering exposure to global market conditions, geopolitical risk, and economics. The instrument is […]
US equities continue the steady grind higher into the weekend
The lesson of the year so far is that markets will do what people least expect. The strong consensus coming into the year was that rate and recession fears would keep stocks cheap before an H2 rally. Well, the market didn’t wait and now the S&P 500 is poised to close above some key levels, […]
EUR/USD sees recovery to near 1.0900 as ECB to continue rate hikes beyond summer
EUR/USD is eyeing to recapture the 1.0900 resistance as ECB might not pause policy tightening beyond summer. The Euro is delighted with bullish bets for CY2023 as the ECB will continue to raise interest rates further. According to the consensus, investors should brace for a contraction in the US GDP for the fourth quarter of […]
Gold Elevated as Markets Continue to Dismiss Fed Guidance
GOLD OUTLOOK & ANALYSIS Markets overruling the Fed which may be a fatal blow for gold should the Fed follow through on their promises. Fed speakers to dominate headlines today Overbought price action possibly hinting at short-term bearishness? Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Gold is continuing to press […]
XAGUSD Bullish Trend To Continue To 25.701
XAGUSD suggests the formation of a global triple zigzag consisting of cycle waves w-x-y-x-z. The current chart shows the second intervening wave x which could soon end. This could take the form of a double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ. The bullish wave Ⓨ consists of intermediate waves (W)-(X)-(Y), where the last sub-wave (Y) […]