Crude oil futures are settling higher on the day. The price is settling at $66.03. That is up $0.78 or 1.20%. After banging against its 100-day moving average over the prior two days (blue line on the chart above) and failing to ignite any additional downside momentum, the sellers gave up, and the buyers have … Read more
The GBPUSD extended to a new session low, reaching a key downside target at the rising 100-hour moving average, currently at 1.3503 (blue line on the chart). This level also aligns with the lower boundary of a swing area, marked by the 1.3505–1.3514 zone (highlighted with red numbered circles and the yellow shaded area). The … Read more
The major European indices closed with mixed results. France’s CAC and Italy’s FTSE MIB fell. Spain’s Ibex and UK’s FTSE 100 led the way to the upside. A snapshot of the closing levels shows: German DAX, +0.23% France’s CAC -0.41% UK’s FTSE 100 +0.5% Spain’s Ibex +1.34% Italy’s FTSE MIB -0.24%. As London/European exit for … Read more
ECB sources: Baseline for September is no change in policy rates. Those seeking another rate cut will face a battle. Policymakers is set a high bar for a September rate cut. Rate cut would require deterioration in data, lower projections. The EURUSD moved to a low of 1.1729 during the early part of Lagarde’s press … Read more
!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz Looking for the old ForexLive news feed? Click here fbs.mobi
EU really wants to make a deal South Koreans very much want to make a deal. EU attacks our great American tech companies every day America must take control of tick-tock algorithm to address national concerns TikTOk as to come out of Chinese control This article was written by Greg Michalowski at investinglive.com. fbs.mobi
Prior week 221K Initial jobs claims 217K versus 226K estimate 4-week moving average of initial claims 224.5K versus 229.50k Continuing claims 1.955m versus 1.960m estimate. Prior week 1.951m revised from 1.956m previously reported This article was written by Greg Michalowski at investinglive.com. fbs.mobi
Will assuage any concerns from businesses There are no discrepancies between Japan and US on rice, defense equipment on trade deal The feeling at the moment is that he’s a dead man walking. But he’s still putting up a strong facade for now. Japan’s ruling LDP party will be holding an internal meeting next week … Read more
Our focus is on finding a negotiated outcome with the US We believe such an outcome is within reach No intention to bring additional countermeasures between now and 1 August But we remain prepared for all scenarios All this talk is keeping markets optimistic but if it does persist for too long, it might start … Read more
The dollar is trading more mixed as it holds marginal gains against some major currencies but keeping lower against the antipodes in trading today. EUR/USD is down just 0.1% to 1.1753 while GBP/USD is down 0.3% to 1.3540 currently. The latter owes to some softness after a weaker UK PMI data earlier here. However, the … Read more
