EUR/USD 1.16545
0.021%
Gold 4618.34
0.519%
Oil 81.086
-0.425%
USD/JPY 159.176
-0.074%
GBP/USD 1.35931
-0.023%
GBP/JPY 216.355
-0.108%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. energy company Sampra Energy said that if the project is approved and built, it will export up to 27 million metric tons of liquefied natural gas, with exports expected to begin in the second half of 2034.Regulatory filings show that U.S. energy company Sampra Energy has initiated the process of building a new liquefied natural gas (LNG) plant in southeastern Texas. The company plans to build a four-line LNG plant as an expansion of its existing LNG export facilities.Japans purchases of foreign stocks in the week ending August 21 were -869 billion yen, compared to 1,391.3 billion yen in the previous week.Foreign investors net outflowed ¥764.1 billion from Japanese stocks in the week ending August 21, compared with a revised ¥622.4 billion in the previous week (originally ¥621.2 billion).On August 27th, after the close of trading on Wednesday, Nvidia (NVDA.O) investors experienced a rollercoaster ride: after releasing its quarterly earnings report, the companys stock price initially fell before rebounding sharply. Nvidias second-quarter results easily exceeded market expectations, and the company raised its third-quarter earnings forecast. Investors bullish on the company saw this as another boost to the AI investment theme. However, after a long period of gains in tech stocks, the results initially seemed insufficient to excite the market. However, as the earnings call unfolded, market sentiment improved significantly. Nvidia CEO Jensen Huang and other executives stated that the company expects revenue to grow by 70% in fiscal year 2028 and further elaborated on their previous view that AI has reached an inflection point. Nvidias stock price subsequently rose by nearly 5%. Analysts pointed out: "Currently, Nvidias stock price fluctuations are within market expectations. The challenge for the company is no longer simply delivering good results, but rather delivering results that are even better than what investors expect. In this situation, exceeding Wall Street expectations is almost just an entry ticket."

Two Trades to Watch: CAC, EUR/USD

Cameron Murphy

Apr 12, 2022 10:49


微信截图_20220408171627.png


The CAC is climbing today, along with its European rivals, despite the fact that the French index has outperformed its peers this week.


The CAC has dropped more than 3% this week, compared to a 2% drop in the DAX and a 0.5 percent increase in the FTSE.


The CAC's weakness might be due to mounting anxieties over the forthcoming French presidential elections, with the market suddenly waking up to the possibility of Marine Le Pen, the far-right contender, winning.


Macron remains the favorite, but the polling margin has narrowed significantly since the two clashed in the last round of the 2017 election.

Where does the CAC go from here?

The CAC continued its rally from its low of 5760 on March 7 until hitting resistance just outside the 200 sma at 6830 and reverting downward.


The price fell below the 50 SMA before finding support around 6450, which is presently acting as a backstop. The RSI is at a neutral level, indicating that the market is consolidating.


Traders may be on the lookout for a breakthrough. Buyers will be looking for a move above the 50 sma of 6650 to expose the 200 sma of 6780 and a retest of the 6830 high to build a new high.


A fall below 6450 might drive a selloff towards 6260, the July 21 low, according to sellers.


For the seventh day in a row, the EUR/USD has fallen.


For the seventh day in a row, the EUR/USD has fallen. Even the ECB's more hawkish minutes from yesterday failed to raise the euro.


The euro is losing ground as investors price in the possibility of a Le Pen victory after she narrowed the deficit in the polls this week.


Today's Eurozone data isn't very noteworthy; nevertheless, ECB President Mario Draghi is scheduled to speak.


The dollar is supported by forecasts of a more hawkish Fed, as well as positive employment data from the previous day.


Unemployment claims dropped to 266k from 171k, the lowest level in 50 years. There is no high-impact data from the United States today.

Where does the EUR/USD pair go from here?

EUR/USD retreated from the 50 sma, dropping below 1.10, a crucial psychological mark as well as the bottom band of a multi-month declining channel.


While it stays outside of oversold territory, the RSI signals to additional falls. 1.08, the 2022 low, provides support ahead of 1.0730, the April 2021 low.


Before reaching 1.10, any recovery would have to surge over 1.0940, the March 28 low.

Suggestion