FXBANkthe8055

FXBANkthe8055

TSMC rises, lifts chips stocks after upbeat results Domino's Pizza slumps after Q2 same-store sales miss D.R. Horton falls after tightening home sales forecast Warner Bros Discovery jumps on report of mulling break-up plan Jobless claims higher than expected Futures: Dow down 0.19%, S&P 500 up 0.25%, Nasdaq up 0.67%

FXBANkthe8055

The Bank of Canada (BoC) voted to cut interest rates at its June meeting from 5% to 4.75%, relying on its improved confidence that inflation is heading lower. The BoC highlighted the declining three-month measure of core inflation as one of the indications that CPI is heading lower but Governor Tiff Macklem also issued caution that the further progress is likely...

FXBANkthe8055

TSMC reverses course after upbeat results Domino's Pizza slumps after Q2 same-store sales miss Warner Bros Discovery jumps on report of mulling break-up plan Jobless claims higher than expected Indexes down: Dow 0.62%, S&P 0.68%, Nasdaq 1.02%

FXBANkthe8055

The risk around Friday's US non-farm payrolls number is to the downside and sales of CADJPY are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly. "I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively,...

FXBANkthe8055

The risk around Friday's US non-farm payrolls number is to the downside and sales of CADJPY are likely to be the most interesting and more rewarding trades in this scenario, according to Spectra Markets' Brent Donnelly. "I don't think there is a major skew to FX or bond positioning going into NFP. Both USD bulls and USD bears continue to dabble tentatively,...

FXBANkthe8055

--Momma Expects BOJ Rate Hikes in September, January but Warns of Economic Uncertainty --Momma Estimates BOJ’s Own Measure of Underlying Inflation at 1.5%, Still Below 2% Target --Momma: Central Banks Alone Cannot Anchor Inflation; Need Fiscal, Tax Policy Backup for Wealth Redistribution

FXBANkthe8055

Gold edged lower midafternoon on Thursday, sticking near a record as expectations for lower U.S. interest rates offset rising treasury yields and a rebounding dollar. Gold for August delivery was last seen down US$2.30 to US$2,457.60 per ounce, under the US$2,467.80 record close set two days earlier. Expectations for a September cut to U.S. interest rates are...

FXBANkthe8055

The GBPUSD moved higher yesterday, reaching its highest level since July 18, 2023, with a peak at 1.3043 before slowing. This move pushed the price above the July 28 high of 1.2995 and the psychological resistance at 1.3000. Today, however, the price has rotated lower, falling back below both the 1.3000 and 1.2995 levels, indicating a weakening in the bulls'...

FXBANkthe8055

Gold prices firmed on Thursday, hovering near a record peak hit in the previous session as traders ramped up bets of a start to interest-rate cut cycle by the U.S. Federal Reserve, constraining gains in the dollar and Treasury yields. Spot gold GOLD was up 0.2% at $2,464.13 per ounce as of 1006 GMT, having hit an all-time high of $2,483.60 on Wednesday. U.S....

FXBANkthe8055

Chip stocks slump on China trade worries, tech rout J&J flat after cutting annual profit forecast Lilly down as rival Roche reports early data for obesity pill Spirit Airlines shares slip after lowered Q2 forecast Futures down: Dow 0.28%, S&P 500 0.96%, Nasdaq 1.46%

FXBANkthe8055

For the EURUSD, it based yesterday at the 50% midpoint of the move down from the December 2023 high (see video yesterday "EURUSD bounces off the 50% midpoint, giving the buyers the "go-ahead" to push higher"). That gave traders the go-ahead to push higher and indeed the price pushed higher today. The move to the upside has now extended by the 61.8% retracement at...

FXBANkthe8055

Hougan’s analysis suggests that while the initial weeks after the ETF launch might be volatile, the overall trend points towards strong bullish momentum by year-end. His argument pivots on the basic economic principle of supply and demand. He explains that while ETFs do not alter the fundamental nature of the underlying asset, they introduce new sources of...

FXBANkthe8055

Nasdaq slides >2%, S&P 500 falls >1%, Dow rises modestly Staples lead S&P 500 sector gainers; Tech weakest group Dollar, gold, bitcoin dip; crude rallies >2% U.S. 10-Year Treasury yield edges down to ~4.16%US junk bonds could be best bet in fixed income in H2

FXBANkthe8055

27.58% of traders are net-long Short-to-long ratio: 2.63 to 1 Net-long positions: +1.63% daily, +21.43% weekly Net-short positions: +1.45% daily, -13.25% weekly While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in long positions and decrease...

FXBANkthe8055

GBP/JPY RETAIL TRADER DATA: 27.58% of traders are net-long Short-to-long ratio: 2.63 to 1 Net-long positions: +1.63% daily, +21.43% weekly Net-short positions: +1.45% daily, -13.25% weekly While the contrarian view suggests continued GBP/JPY price increases due to net-short positioning, recent sentiment changes warrant caution. The significant weekly increase in...

FXBANkthe8055

Largest one day dollar and percentage decline since Monday, July 8, 2024 Second highest close in history Snaps a two session winning streak Today's settlement value is the second highest this year Off 0.31% from its 52-week high of $2462.40 hit Tuesday, July 16, 2024 Up 35.13% from its 52-week low of $1816.60 hit Thursday, Oct. 5, 2023 Rose 24.14% from 52 weeks...

FXBANkthe8055

Largest one day dollar and percentage decline since Monday, July 8, 2024 Second highest close in history Snaps a two session winning streak Today's settlement value is the second highest this year Off 0.31% from its 52-week high of $2462.40 hit Tuesday, July 16, 2024 Up 35.13% from its 52-week low of $1816.60 hit Thursday, Oct. 5, 2023 Rose 24.14% from 52 weeks...

FXBANkthe8055

Popcat has emerged from the convergence of internet memes and cryptocurrency. The meme coin depicts a playful feline, and it serves as inspiration for this digital asset, which has captured the attention of investors and crypto enthusiasts as it tallies a new milestone. Popcat Scales The Crypto Food Chain Popcat has been showing a big deal of resilience since it...