Dollar gains on trade optimism ahead of Fed decision

Dollar gains on trade optimism ahead of Fed decision
Source link

Dollar gains on trade optimism ahead of Fed decision
Source link
Article Highlights NZD/USD has triggered an early bullish signal as the 20 SMA crosses above the 100 SMA following a steady recovery from November lows. Confirmation depends on price holding higher lows near 0.5730–0.5770 and reclaiming resistance around 0.5835–0.5850. The short-term trend in NZD/USD has just shifted relative to the longer-term average, even as the…
Last week, Tesla held a shareholder meeting where the main events included:→ Shareholders approving Elon Musk’s $56 billion compensation package in TSLA stock options;→ Relocating the company’s legal headquarters to Texas;→ Elon Musk’s statements on robotics, asserting that Optimus robots could make Tesla a $25 trillion company. Approving the massive compensation eliminated the risk of…
Tigress Financial Partners has been fined $100,000 by FINRA after the regulator found deficiencies in its anti-money laundering (AML) compliance programme and failures to disclose required information on customer trade confirmations. According to FINRA’s disciplinary notice, posted on Thursday, Tigress onboarded hundreds of high-risk foreign customers between 2018 and 2022, but failed to implement adequate…
The trade delegation has arrived in Stockholm for trade talks with China. They are expected to maintain current tariff levels while laying the groundwork for a potential Trump-Xi summit later this year. Talks are being led by Treasury Secretary Bessent/USTR Greer and China Vice Premier He Lifeng Focus will on structural issues like market access,…
The Japanese yen has edged lower on Tuesday. In the European session, USD/JPY is trading at 144.76, up 0.17% on the day at the time of writing. BoJ Core CPI slips to 1.8% Is Japanese inflation falling? On Tuesday, two inflation indicators pointed to a deceleration in inflation in July. BoJ Core CPI, which is…
The GDXJ (VanEck Junior Gold Miners ETF) tracks a market-cap-weighted index of global junior gold and silver mining companies, offering investors exposure to smaller, high-growth potential firms in the precious metals sector. Recent Elliott Wave analysis suggests GDXJ is in a bullish phase, with the monthly chart indicating a grand super cycle wave ((II)) low…