Australian Dollar Forecast: Varying Degrees of Bullishness – Setups for AUD/JPY, AUD/USD
AUD/JPY rates are continuing their bullish breakout, while AUD/USD rates are rangebound.
Silver Price Forecast: Symmetrical Triangle Takes Shape – Levels for XAG/USD
Silver prices have stabilized over the past few weeks, but the worst may not be over yet.
Gold Price Technical Outlook: Gold Sticky at Support as Breakout Brews
Gold prices are stuck back at the monthly open with the June range preserved just above key support. The levels that matter on the XAU/USD technical charts this week.
Japanese Yen Price Action Setups: USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY
The Japanese Yen continues to sell-off following last week’s Bank of Japan rate decision, and USD/JPY has just set a fresh 24-year-high.
JetBlue Sweetens Offer for Spirit to Fend off Frontier Bid
WASHINGTON, June 20 Reuters JetBlue Airways said Monday it had sweetened its takeover offer for Spirit Airlines to 33.50 per share in a bid to convince the ultralow cost carrier to accept its offer over rival Frontier Airlines39; proposal. The move is the latest salvo in a tussle to create the fifthlargest U.S. airline, helping the buyer […]
AUD Edges Up, RBA Reaffirms more Hikes Ahead; Yen Struggles
HONG KONG, June 21 Reuters The Australian dollar rose on Tuesday after the central bank flagged more rate hikes were on the way, but the uptick was restrained by lower commodity prices, while the Japanese yen languished near a 24year low. The Aussie was 0.3 higher at 0.69675, extending the previous day39;s small gains, after […]
Oil Rises on Market Caution over Tight Supply
Brent rises more than 1bbl U.S. inventory data delayed by a day this week SINGAPORE, June 21 Reuters Oil prices rose 1 on Tuesday, clawing back more of last week39;s losses as investors focused on tight supplies of crude and fuel products rather than concerns about a recession dampening demand going forward. Brent crude futures […]
Zimbabwe Health Workers Strike after Rejecting 100 Pay Rise
HARARE, June 20 Reuters Zimbabwean health workers went on strike on Monday after rejecting a 100 wage hike offer last week, pressing their demand for payment in U.S. dollars as the local currency slumps. Zimbabwe39;s main nurses39; union urged the government to negotiate and warned that lives would be lost if the dispute was not […]
UK Pay Deals Hold at 4 as Inflation Steams Ahead XpertHR
LONDON, June 21 Reuters Annual pay rises agreed at British workplaces steadied last month at a historically high rate but fell further behind soaring inflation, according to another survey on Tuesday that suggested fears of a wageprice spiral may be overdone. XpertHR, a pay and personnel data publisher, said employer pay deals for the three […]
German Tax Take Soars, but War clouds Outlook
BERLIN, June 21 Reuters Germany39;s estimated tax take over the first five months of the year was 15.1 higher than last year, thanks partly to a strong recovery from the pandemic and despite the war in Ukraine, the Finance Ministry said. The estimated tax take for May by both central and regional governments was up […]