I've posted previews of the RBA earlier. The Reserve Bank of Australia meeting is today here in Asia, Tuesday June 6: statement is due at 2.30 pm Sydney time, which is 0430 GMT and 12.30am US Eastern timeANZ, CBA, NAB & Westpac all expect Reserve Bank of Australia...
Forexlive Americas FX news wrap 5 Jun: USD mixed. Apple trades to a new all time high.
The US dollar is ending the day slightly weaker with modest trading ranges. The greenback was initially supported by a strong Nonfarm Payroll (NFP) and better Non-manufacturing ISM data out of China (and debt deal being signed by Biden), but later pulled back after...
How to Make Money on Sweet Drinks: Coca-Cola Stock Forecast
Sugar abuse doesn't have a detrimental effect on your investment portfolio. Of course, only if you diversify it with various types of assets, economic industries, and regions. When it comes to Coca-Cola stock, sugary (or sugar-free) drinks might even contribute to...
ICYMI: China’s CITIC investment bank to cut pay by up to 15%
CITIC is China's largest investment bank by market value, reports are it'll be cutting pay across its investment banking division.Reuters says the cuts will be as high as 15%, citing two unnamed sources. Reasons for the cut cited include:slower dealmakingweaker...
Trade ideas thread – Tuesday, 6 June 2023
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
Major US stock indices closing lower on the day
The major US stock indices are closing lower. The Dow Industrial Average led the way with a decline of 0.6%. The NASDAQ index which was higher for most of the day gave up its gains as the Apple WWDC23 event was working toward its close. Apple shares are closing down...
Economic calendar in Asia 06 June 2023 – Reserve Bank of Australia policy meeting
more to come The Reserve Bank of Australia meeting is today here in Asia, Tuesday June 6: statement is due at 2.30 pm Sydney time, which is 0430 GMT and 12.30am US Eastern timeI've posted up some previews:ANZ, CBA, NAB & Westpac all expect Reserve Bank of...
Unity Software shares soar as Apple announces partnership to bring apps to Vision Pro
Apple shares are down around $1.45 or -0.82% $179.43 after their WWDC23 event where they introduce the Vision Pro VR product. At $3499 and available only in the US at the start of 2024, it's got a long way to go. Unity SoftwareNevertheless, a beneficiary today has...
Apple shares erase gains. So does the Nasdaq index.
Apple shares have given up their gains in trade marginally lower by about $0.30 or -0.17% to they announced their Vision Pro VR product. The decline is also sent the NASDAQ index into negative territory. It currently is down -27.10 points or -0.21%.The product - and...
WTI crude oil futures settles at $72.15
The price of WTI crude futures are selling at $72.15. That is up $0.41 or 0.57%. The high price reached $75.06. The low price was at $72.02. The gains from the weekend Saudi Arabia production cut were erased.Looking at the daily chart, the high price today extended...
US is seeing increasing level of aggressiveness by China’s military
White House:US is seeing increasing level of aggressiveness by China's militaryUS prepared to address growing aggressivenessUS once to see Beijing justify what it is doing with increased military interceptsBoth recent Chinese intercepts occurred in international...
GBPUSD stays within the hourly MA range
For the GBPUSD, the US trading session started the day by falling below the 100 hour moving average(blue line in the chart) and then extending below the 200 hour moving average(green line in the chart below). The sellers were in control. However the ISM...
EURUSD can not extend above the 200 hour MA
The EURUSD moved up to test the 200 hour MA on three separate bars. Each banged against the MA, only to find willing sellers. Admittedly the price declines have been somewhat limited, but what is clear is there are willing sellers against the 200 hour moving average....
Apple WWDC23 to begin at the top of the hour
The Apple WWDC23 will begin at the top of the hour. Apple is set to introduce its most groundbreaking hardware product in years at the Worldwide Developers Conference since the Apple Watch. The company is anticipated to introduce a "mixed reality" headset, merging...
NZDUSD based at the 100 hour MA today.
NZDUSD bounces off 100 hour MAThe NZDUSD opened the day between its 100-hour moving average below at 200-hour moving average above (blue and green lines respectively). The initial try was to extend above the 200-hour moving average. That did not get very far. The...
AUDUSD sets the 50% midpoint as topside resistance…again.
AUDUSD sets the 50% midpoint as resistance for 2nd dayThe AUDUSD moved lower in the Asian session but started a rebound back higher in the late European early US session. The move to the upside extended above a swing area between 0.66188 and 0.66295. The high price...
Down day for the European major indices
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...
SEC sues Binance Holding and Chairman Zhao. Bitcoin dips.
The U.S. SEC has filed 13 charges against Binance, the largest global cryptocurrency exchange, and its founder, Changpeng Zhao. Binance is the largest crypto exchange.Binance is accused of mishandling customer funds, lying to regulators, and misleading investors about...
NASDAQ index extends to a new session highs. Dow/S&P lags.
The major indices are mixed with the NASDAQ index extending higher while the Dow Industrial Average is down on day.A snapshot of the market currently shows:Dow Industrial Average -117.56 points or -0.35% at 33645.21S&P up 6.95 points or 0.16% at 4289.33NASDAQ...
USDCHF bias shifts lower after weaker US data
USDCHF below the 200 hour MA. Can it stay below now?The USDCHF moved higher in the Asian and European session, and the process moved closer to the 100 day moving average at 0.91243. The high price reached 0.91191, 5 pips short of that key upside target (and bias...