The major indices are trading higher to start the day and the week. The S&P and NASDAQ are looking to break 4-day down streaks. The earnings calendar is largely complete, but Nvidia will report earnings on Wednesday. Their shares are surging by $16 in early US...
August 21, 2023:A technical look at the USDCAD, AUDSD and NZDUSD to start the trading week
https://www.forexlive.com/technical-analysis/august-21-2023-kickstart-your-trading-day-with-a-look-at-the-eurusd-usdjpy-and-gbpusd-20230821/I kickstarted the trading week with a technical look at the EURUSD, USDJPY, and GBPUSD in this video HERE. NOW, in this video, I...
Bond yields rise to dangerous levels
Bonds and the yuan are the story of the month so far.China is pushing USD/CNH down but are they selling Treasuries to do it? US 10-year yields are up 7.3 bps to 4.32% today, which is just a shade below Thursday's high and the October 2022 cycle high.US 10 year...
August 21, 2023: Kickstart your trading day with a look at the EURUSD, USDJPY and GBPUSD
Kickstart your forex trading day (and week) with a look at the EURUSD, USDJPY, and GBPUSD from a technical perspectiveEURUSD: The EURUSD has moved above its 100-hour moving average after testing it on Thursday and finding willing sellers. The price action last week...
USD/JPY climbs back above 146
USDJPY dailyRising Treasury yields are underpinning USD/JPY to start the week. The pair is up 64 pips to 146.02 after running stops above the figure. The rally today comes following two days of declines at the end of last week.Yields are near the highs of the day with...
돈버는 정보 자동부업의 끝 ! 진짜 클릭한번으로 월200 벌 수 있냐구요? 영상하나로 정리해드립니다.
https://www.youtube.com/watch?v=BMIcyx60J9k 안녕하세요. 어쩌다보니 #자동부업 을 연속으로 2개나 보여드리게 됐는데요. 다들 아시겠지만 자동부업은 여러개 설정을 무조건 해두셔야 합니다. 그래야 월 수익금을 늘려가실 수 있고 자동부업 이라고해서 처음부터 무조건 돈이 크게 들어오지 않아요. 그렇지만 당연히 오래된 계정을 사람들은 신뢰하고 이용할거고 당연히 운이 따라준다면 좋겠지만 그렇지 않은 경우에도 자동부업 여러개를 잘 관리하시면 충분히 큰...
Canada July new housing price index -0.1% vs +0.1% prior
> Canada July new housing price index -0.1% vs +0.1% prior New housing price data from Statistics Canada <!--> Adam Button Monday, 21/08/2023 | 12:30 GMT-0 21/08/2023 | 12:30 GMT-0 --> <!--> Prior was +0.1% ADVERTISEMENT - CONTINUE READING BELOW...
Citigroup lowers China 2023 GDP forecast to 4.7% from 5.0%
I don't think the market is overly worried about 0.3 pp of Chinese growth.What it's worried about is that China isn't dead-set on hitting economic targets anymore and boosting growth. The central bank cut rates today but not as aggressively as assumed. The problem for...
ForexLive European FX news wrap: Dollar mixed, equities sentiment hopeful
Headlines:Markets:CAD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 0.5%US 10-year yields up 4.9 bps to 4.298%Gold up 0.3% to $1,893.79WTI crude up 1.3% to $82.30Bitcoin flat at $26,081It was a relatively quiet session as markets get...
The EUR is the strongest and the JPY is the weakest as the NA session begins
The strongest to the weakest of the major currenciesThe EUR is the strongest and the JPY the weakest as the NA session begins. The USD is mostly modestly lower after rising last week. The greenback rose against all the major currencies last week with the one...
JP Morgan says expects China to cut RRR by 25 bps in the current quarter
This is a similar view shared by Citi and Barclays as well quite a number of other analysts. Beijing already lacked in response to cutting the lending policy rates today but with mounting pressure on the economy and especially the property sector, further liquidity...
Nasdaq Composite Technical Analysis – We are at a key support
The Nasdaq Composite selloff has been remarkable with key levels being breached with no hesitation as the sentiment turned negative. The reason for the selloff is unclear as the US data has been supporting the soft-landing narrative but the sharp slowdown in the...
USD/JPY looks to resume upside momentum to start the new week
There's not much in terms of headlines driving the move but higher bond yields are certainly playing a part I would say. 10-year Treasury yields are still up 5 bps to 4.301% and that is underpinning yen pairs so far on the session. The near-term chart for USD/JPY is...
Gold Technical Analysis – Break of the low is a bad omen for the buyers
The rise in US real yields coupled with a strong US Dollar is weighing a lot on Gold. The precious metal can’t even find support from the economic data as we keep getting strong releases that raise the risk of more rate hikes from the Fed. All else being equal, Gold...
Stock Indices Steady as PBOC Reduces its 1-Year Loan Prime Rate to a Record Low
Article by IG Senior Market Analyst Axel RudolphFTSE 100, CAC 40, Nasdaq 100 Charts and AnalysisFTSE 100 stabilises at supportFollowing six consecutive days of falling prices, the FTSE 100 managed to find support between its March and July lows at 7,216 last week...
China’s major state-owned banks reportedly seen mopping up offshore yuan liquidity today
This continues from last week's developments here:As concerns surrounding China's economic prospects grow deeper, so is the pressure on the yuan currency. That continued today as well after the PBOC delivered a less-than-convincing rate cut. And as mentioned at the...
Are equities straying offside today?
It is definitely some hopeful optimism but as we learned last week, the early gains definitely do not mean much. There was some modest dip buying on Friday that helped to salvage a poor start in Wall Street. That seems to be continuing here but I would still reserve...
Dow Jones Technical Analysis – The fakeout might be a big bearish sign
The Dow Jones selloff has been remarkable with key levels being breached with no hesitation as the sentiment turned negative. The reason for the selloff is unclear as the US data has been supporting the soft-landing narrative but the sharp slowdown in the Chinese...
UBS cuts China 2023 GDP growth forecast again, now to 4.8% from 5.2% previously
And they likely won't be the only ones revising lower the growth outlook for the Chinese economy. Things are certainly not looking good in China and the lack of fiscal support is really not helping I would say. Even the rate cut today is failing to convince domestic...
SNB total sight deposits w.e. 18 August CHF 476.2 bn vs CHF 484.8 bn prior
> SNB total sight deposits w.e. 18 August CHF 476.2 bn vs CHF 484.8 bn prior Latest data released by the SNB - 21 August 2023 <!--> Justin Low Monday, 21/08/2023 | 08:00 GMT-0 21/08/2023 | 08:00 GMT-0 --> <!--> Domestic sight deposits CHF 466.4 bn vs...