Recent posts - Page 5
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 
Jul 19, 2024, 09:26 pm

News:

Forex trade


Recent posts

Pages 1 2 3 4 5 6 7 8 9 10
41
Forex / Ethereum price is in a bearish...
Last post by PocketOption - Today at 08:01 pm
Ethereum price is in a bearish trend for the third day

Сегодня Ethereum поднялся до нового июльского максимума

Ethereum price is in a bearish trend for the third day



  • Ethereum’s price has been in a slight bearish consolidation since Wednesday.


Ethereum chart analysis


Ethereum’s price has been in a slight bearish consolidation since Wednesday. After forming the weekly high at $3517, the bullish momentum of the price pullback stopped. For the second day in a row, we are trying to get support at the $3400 level, a key support level that has significant implications for Ethereum’s price movement. Today, we are putting pressure on that level again, and the price is currently at $3390.


The negative is that a new lower high was formed at $3450 compared to the previous day. This is a sign that Ethereum’s price is losing volume and failing to return to the previous bullish formation. Based on this, the chances of us seeing a further pullback to $3325 are increasing, where we will test the EMA 200 moving average support.


Ethereum chart analysis


 


Ethereum continues to face selling pressure, which is pushing its price towards the 200 EMA.


Depending on bearish momentum, the price could easily fall below a new four-day low. Potential lower targets are the $3300 and $3275 levels. However, it’s crucial to hold and return above the $3400 level for a bullish option. Only with such a move can we hope to stabilize the price of Ethereum and restart the bullish consolidation.


If we succeed in that, the next step is to test $3450. With the impulse above, we go to a new daily high and get confirmation that the price is slowly returning to the bullish side. Potential higher targets are $3475 and $3500 levels. At $3500, we are very close to testing Ethereum’s weekly high.


 


The post Ethereum price is in a bearish trend for the third day appeared first on FinanceBrokerage.


Source: Ethereum price is in a bearish trend for the third day
42
Forex / BARC Share Price: Forecast, Hi...
Last post by PocketOption - Today at 08:01 pm
BARC Share Price: Forecast, History, and Growth Analysis

Barc Share Price History and Forecast

Barc Share Price History


Barclays is a well-known international financial company that has been in operation for over 300 years. It offers a wide range of financial and banking services, including retail banking, wealth management, corporate banking, and investment banking. Barclays is renowned for its dedication to technology, innovation, and environmentally friendly operations. The company maintains a significant global footprint, catering to millions of clients and consumers worldwide. The BARC share price reflects its market presence and valuation.


Listed on the London Stock Exchange and traded under the ticker BARC.L, Barclays is valued at £34.46 billion with 14.76 billion shares outstanding. Over the past year, the BARC share price has fluctuated between a low of 105.11 and a high of 233.45, with the most recent range being 128.34 to 233.45.


Barc Share Price History


BARC 5-Day Chart


BARC: Forecast, Undervaluation, and Future Growth


The BARC share price target is based on an important price-to-book (P/B) ratio of 0.5, which measures stock valuation. This makes it relatively inexpensive compared to its competitors, whose average P/B ratio is 0.7.


Barclays Group includes HSBC and Lloyds at a P/B ratio of 0.8, Standard Chartered at 0.5, and NatWest at 0.7.


The price-to-sales ratio for Barclays is 1.4, indicating relative undervaluation compared to the peer group average of 2. With a current price of £2.26, the stock is undervalued by 26%.


Consequently, a fair market price for the shares would be £3.05. This emphasizes their potential value, even though the price may fluctuate.


On July 4, Barclay declared the sale of the German company. It also intends to quadruple its financial institutions funds in Asia by the end of 2028, according to a report published on July 10. 


The goal of this vision is to attain a return on tangible equity of at least 10% this year and at least 12% by 2026. This also calls for paying out more than £10 billion in share buy rating and dividend to shareholders between 2024 and 2026. Over an extended period, share price increases generally supported these rewards.


It reported 2023 results that included a RoTE of 10.6% and £1.75 billion in total stock buybacks. It also declared a new stock buyback program worth up to £1 billion and increased its annual dividend rose from 7.25p to 8p.


Analysts predict that through the end of 2026, Barc's earnings will increase by 11.9% annually. Up until then, earnings per share might increase by 16.4% annually. 


Barc Live Share Price



  • Previous Close Price: 230.70

  • Open Price: 233.95

  • Bid Price: 234.05 x 0

  • Ask Price: 234.15 x 0

  • Day's Range: 229.30 – 234.10

  • 52-Week Range: 128.12 – 234.10

  • Current Volume: 5,812,931

  • Average Volume: 61,953,363

  • Market Capitalisation: £34.552B

  • Beta: 1.39

  • PE Ratio: 9.00

  • EPS: 0.26

  • Earnings Date: 01 Aug 2024

  • Forward Dividend & Yield: 0.08 (3.47%)

  • Ex-Dividend Date: 29 Feb 2024

  • 1-Year Target Estimate: 260.00


Barclays PLC Share Price Instrument



  • Earnings per share: 0.28

  • ISIN: GB0031348658

  • Market Identifier Code: XLON

  • Market Segment: SET1

  • Issue Date: 13 January 2006

  • SEDOL: 3134865

  • Country of Share Register: GBX

  • Trading Service: SETS

  • Indexes: FTSE 100, FTSE All Share, FTSE 350

  • Short-Term and Cash Investments: £700.54B

  • Total Assets: £1.58T

  • Total Equity: £72.34B

  • Overall Liabilities: £1.50T

  • Shares Outstanding: 14.98B

  • Return on Assets: 0.47%

  • Price to Book: 0.59


BARC Price Prediction


This year, the stock may benefit more broadly from a strengthening UK economy. The most recent GDP data for May indicated that the economy expanded by 0.4%, exceeding the 0.2% estimate. The rate of inflation has returned to 2%, indicating that the economy is doing well.


Barclays will gain from this economic strength due to its sizable retail and corporate divisions in the UK. For instance, happier customers may use their credit cards more frequently, and businesses may seek more loans to support their expansion.


The BARC share price forecast reflects this potential, as the entire banking industry stands to benefit from these developments. Barclays is ideally positioned to capitalise on the growth. However, there’s a chance that low inflation could cause interest rates to drop, which might hurt Barclays’ interest revenue. Despite this, the bank’s promising growth prospects suggest that more gains are likely, indicating lasting value.


The post BARC Share Price: Forecast, History, and Growth Analysis appeared first on FinanceBrokerage.


Source: BARC Share Price: Forecast, History, and Growth Analysis
43
Forex / GBP/AUD Potential Upward Movem...
Last post by forex4you - Today at 08:01 pm
GBP/AUD Potential Upward Movement

GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.93105, 1.93512, 1.93798 Key Support Levels: 1.92405, 1.91682, 1.91062 Daily Chart: The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.89497 and bounced back. The pair has continued to break a few resistance levels which suggests further …


The post GBP/AUD Potential Upward Movement first appeared on ForexRobotNation.com - Best Forex Robot & Expert Advisor Reviews.

Source: GBP/AUD Potential Upward Movement
44
Forex / Canada industrial product pric...
Last post by forex4you - Today at 08:01 pm
Canada industrial product prices for June 0.0% vs 0.2% expected

  • Prior IPPI prices 0.0% revised to 0.2%
  • IPPI prices 0.0% versus 0.2% expected
  • IPPI prices YoY 2.8%
  • Raw material price index -1.4% versus -0.7% expected.  Prior month -1.5%
  • RMPI YoY +7.5% for the 4th consecutive year-over-year increase. Base executed the level year-over-year increase as the RMPI fell -5.4% in May. THe June 2023 number showed at -2.0% decline which dropped out of the YoY increase this year.   The price of metal ores, concentrate and scrap fell -5.5% were the mystery to be June 2003 decrease, while the prices of crude energy dropped-9.8% in May 2023

Details of IPPI prices:

  • Prices for meat, fish, and dairy products: +2.4%. That was the largest contributor.  4th straight increase
    • Fresh and frozen beef and veal: +5.6%
    • Fresh and frozen pork: +4.6%
  • Prices for pulp and paper products: +1.7%
    • Wood pulp: +2.9%
  • Prices for primary non-ferrous metal products: -0.4%
    • Unwrought nickel and nickel alloys: -10.3%
    • Unwrought copper and copper alloys: -4.5%
  • Prices for energy and petroleum products: -0.4%
    • Finished motor gasoline: -3.5%
    • Diesel: +3.3%

Details of the raw material price index:

  • Crude energy products: -1.2%

    • Synthetic crude oil: -3.1%
    • Conventional crude oil: -0.1%
    • Key details: Decline driven by OPEC+ announcement on phasing out production cuts, later price rebound due to geopolitical tensions.
  • Metal ores, concentrates, and scrap: -1.7%

    • Nickel ores and concentrates: -10.4%
    • Iron ores and concentrates: -9.4%
    • Copper ores and concentrates: -7.1%
    • Key details: Price declines influenced by Chinese market dynamics, rising stockpiles at Chinese ports, and soft demand for steel in China.
  • Crop products: -1.9%

    • Canola: -5.6%
    • Wheat: -3.5%
    • Key details: Improved North American canola production expectations and pressure to sell harvested wheat in overseas markets.


                This article was written by Greg Michalowski at www.forexlive.com.

Source: Canada industrial product prices for June 0.0% vs 0.2% expected

forexlive.com
45
Forex / Canada May retail sales -0.8% ...
Last post by forex4you - Today at 08:01 pm
Canada May retail sales -0.8% vs -0.6% expected

  • Prior was +0.7% (revised to +0.6%)
  • Ex autos -1.3% vs -0.5% expected
  • Prior ex-autos +1.8% (revised to +1.7%)
  • Ex autos and gasoline -1.4% vs +1.4% prior
  • Largest decrease in sales was at food and beverage retailers (-1.9%)
  • Lower sales in May were also reported at building material and garden equipment and supplies dealers (-2.7%) and general merchandise retailers (-1.0%)
  • Preliminary June data -0.3% m/m
  • Full report

The market was pricing in a 95% chance of a BOC cut ahead of the data and I'd say it's a certainty after this with the case growing to continue cuts at the Sept meeting.

The Canadian consumer is rolling over. In a separate report, the Scotiabank Canadian Spending Tracker ended Q2/24 on a weak note, with June's year-over-year growth at +2.6%, its weakest since early 2021 during the pandemic.

USD/CAD is up 17 pips to 1.3722, which is the highest since July 1.



                This article was written by Adam Button at www.forexlive.com.

Source: Canada May retail sales -0.8% vs -0.6% expected

forexlive.com
46
Forex / The USD is the strongest and t...
Last post by forex4you - Today at 08:01 pm
The USD is the strongest and the NZD is the weakest as the NA session begins

As the North American session begins, the USD is the strongest and the NZD is the weakest. 

UK retail sales was weaker overnight (-1.2% versus -0.6% estimate)

The big news is the global downage as a result of a software update at Crowdstrike that then impacted Microsoft (and others) grounded airlines and impacted many businesses globally. The fix has been found, fixed and although there are still some outages, the fix has been deployed.  The report is this is not a cyber attack but due to a software update. If you are traveling, expect delays.

ECB comments today a day after the ECB kept rates unchanged and Lagarde kept to the script that rate decisions are data dependent showed:

ECB's Šimkus:
Gediminas Šimkus agrees with market expectations of two more rate cuts this year. He predicts that interest rates will continue to decrease significantly.

ECB's Muller:
Madis Muller emphasizes the importance of not pre-committing to decisions for September. He acknowledges market expectations for at least one more rate cut but refrains from commenting personally. Muller notes ongoing fluctuations in inflation and observes that wage growth is not aligning with the 2% target. He projects inflation to decelerate over the next 12 months and expects the Eurozone economy to recover in the coming quarters, despite a slightly deteriorated outlook.

ECB's Villeroy:
The Bank of France Governor finds market expectations on rates to be reasonable. He confirms that disinflation is occurring as anticipated but predicts a slower decline in inflation. Villeroy monitors services inflation closely and stresses that rate decisions will be data-dependent. He highlights increased uncertainty in economic growth compared to a few months ago.

In Japan, the private sector economic council members expressed concerns about the negative effects of a weak yen, emphasizing that these impacts on households' purchasing power cannot be overlooked. The Japanese government has downgraded its growth forecast for the current fiscal year ending in March 2025 to a 0.9% expansion, down from the 1.3% gain projected in January. However, the economy is expected to grow by 1.2% in fiscal 2025, with growth projected to accelerate due to robust capital expenditure and consumption. Despite this, consumption has been negatively affected by rising import costs due to the weak yen. The government retains its view that the economy will sustain a domestic demand-led recovery, but some members of the top economic council have voiced concerns about the recent weakness in consumption and the pain inflicted by the yen's fall on households. They stressed that the government and the Bank of Japan must guide policy with close attention to recent yen declines.

Meanwhile, Japanese Prime Minister Kishida emphasized the need for caution regarding the impact of rising prices driven by a weak yen. He highlighted that the government must remain vigilant about these effects on the economy to achieve a domestic-demand driven recovery.

According to a Reuters poll of economists, only 24% expect the Bank of Japan (BOJ) to implement a rate hike in July, with 76% predicting no change. Instead, 30% foresee a rate hike in September, and 43% anticipate it in October. Additionally, 59% of economists expect the BOJ to taper monthly bond purchases to around ¥5 trillion initially, with 52% predicting a further reduction to about ¥3 trillion by July 2026.

Some earnings released today included AMEX, Travelers and Halliburton. 

  • American Express Co (AXP) Q2 2024 (USD):Shares are trading down -1.75%

    • EPS: $3.49 (expected: $3.29)
    • Revenue: $15.06bn (expected: $15.59bn)
    • EPS BEAT, Revenue MISS
    • FY EPS view: $13.30-13.80 (expected: $12.65-13.15)
  • Travelers Companies Inc (TRV) Q2 2024 (USD):

    • Core EPS: $2.51 (expected: $2.11)
    • Revenue: $12.128bn (expected: $11.34bn)
    • EPS BEAT, Revenue BEAT
    • Very confident in outlook for the business
  • Halliburton Co (HAL) Q2 2024 (USD):

    • EPS: $0.80 (expected: $0.80)
    • Revenue: $8.53bn (expected: $8.96bn)
    • EPS MET, Revenue MISS

A snapshot of the other markets as the North American session begins shows:

  • Crude oil is trading down $0.27 or -0.33% at $81.03. At this time yesterday, the price was at $81.18
  • Gold is trading down $36.50 or -1.5% at $2408.47 at this time yesterday, the price was trading at $2466.07.
  • Silver is trading down $0.75 or -2.51% at $29.07. At this time yesterday, the price is trading at $30.39
  • Bitcoin trading at $64,220. At this time yesterday, the price was trading at $64,852
  • Ethereum is also trading at $3426. At this time yesterday, the price was trading at $3465.30

In the premarket, the snapshot of the major indices are trading mixed :

  • Dow Industrial Average futures are implying a decline of - 91.08 points. Yesterday, the Dow Industrial Average felt -533.06 points or -1.29% at 40,665.63
  • S&P futures are implying a gain of 4.91 points. Yesterday, the S&P index closed down -43.70 points or -0.78% at 5544.55
  • Nasdaq futures are implying a gain of 26 points. Yesterday, the index fell -125.70 points or -0.70% at 17871.22
  • The Russell 2000 index fell -41.38 points or -1.85% at 2198.28

European stock indices are trading lower across the board:

  • German DAX, -0.70%
  • France CAC -0.66%
  • UK FTSE 100, -0.53%
  • Spain's Ibex, -0.49%
  • Italy's FTSE MIB, -0.70% (delayed 10 minutes).

Shares in the Asian Pacific markets closed mixed.

  • Japan's Nikkei 225, -0.16%
  • China's Shanghai Composite Index, +0.17%
  • Hong Kong's Hang Seng index, -2.03%
  • Australia S&P/ASX index, -0.1%

Looking at the US debt market, yields are higher:

  • 2-year yield 4.500%, +2.4 basis points. At this time yesterday, the yield was at 4.462%
  • 5-year yield 4.152%, +3.1 basis points. At this time yesterday, the yield was at 4.106%
  • 10-year yield 4.229%, +2.5 basis points. At this time yesterday, the yield was at 4.182%
  • 30-year yield 4.441%, +1.7 basis points at this time yesterday, the yield was at 4.397%

Looking at the treasury yield curve ):

  • The 2-10 year spread is at -27.1 basis points. At this time yesterday, the spread was at -27.6 basis points.
  • The 2-30 year spread is -5.6 basis points. At this time yesterday, the spread was at -6.4 basis points


                This article was written by Greg Michalowski at www.forexlive.com.

Source: The USD is the strongest and the NZD is the weakest as the NA session begins

forexlive.com
47
Forex / Crowdstrike CEO: Many customer...
Last post by forex4you - Today at 08:01 pm
Crowdstrike CEO: Many customers rebooting systems, could be some time for some to recover

The Crowdstrike outage is continuing and we have some details from the CEO who spoke with NBC:

  • Says only Microsoft operating system is affected
  • We are working with every customer to bring them back online
  • Issue has been resolved, now issue is recovering systems
  • Full interview

This is a real mess. Crowdstrike shares have been a market darling this year and are down 11.5% premarket.



                This article was written by Adam Button at www.forexlive.com.

Source: Crowdstrike CEO: Many customers rebooting systems, could be some time for some to recover

forexlive.com
48
Forex / PBOC: We will keep yuan exchan...
Last post by forex4you - Today at 08:01 pm
PBOC: We will keep yuan exchange rate basically stable

  • Will improve macroprudential policy framework and systemic financial risk prevention and disposal mechanism
  • Will always maintain prudency of mon pol, enrich mon pol toolkit

These are vague comments.



                This article was written by Adam Button at www.forexlive.com.

Source: PBOC: We will keep yuan exchange rate basically stable

forexlive.com
49
Forex / ForexLive European FX news wra...
Last post by forex4you - Today at 08:01 pm
ForexLive European FX news wrap: Global tech outage chaos, futures recover after brief dip

Headlines:

Markets:

  • USD leads, NZD lags on the day
  • European equities lower; S&P 500 futures up 0.2%
  • US 10-year yields up 0.6 bps to 4.210%
  • Gold down 1.3% to $2,413.68
  • WTI crude up 0.1% to $80.88
  • Bitcoin flat at $63,979

The session started with a quieter mood initially, before a widespread of tech outages were reported across major networks around the globe. It started with Microsoft saying that it had some issues with its cloud system and that grounded several flights from smaller airlines.

Eventually, the world would soon realise that it was much a bigger problem as banks, media outlets, airlines, and pretty much all services with Microsoft-related systems were all down. Even trading brokerages were affected as we got to the European market open.

Microsoft said it had to do with a CrowdStrike update which was flawed, causing an error in its systems.

In any case, the chaos that ensued saw stocks sell off for bit in Europe before calmer heads prevailed. S&P 500 futures were up 0.2% before falling by 0.4%, then now recovering to be up by 0.2% again. European equities saw red at the open and didn't really recover too much though, as tech shares are the ones leading the bounce.

The moves there didn't quite translate to much action in major currencies though. FX was quieter as the dollar is holding steady ahead of the final stretch of the week.

EUR/USD is down 0.1% to 1.0890 while GBP/USD keeps with the rejection of 1.3000 to be down 0.2% to 1.2915 on the day. USD/JPY saw some light pushing and pulling but is now flattish at around 157.40 levels.

Well, as the global IT hiccup looks to have come and gone, the focus turns back towards whether Wall Street will stick to the selloff seen in the last two days to wrap up the week.



                This article was written by Justin Low at www.forexlive.com.

Source: ForexLive European FX news wrap: Global tech outage chaos, futures recover after brief dip

forexlive.com
50
Forex / Bitcoin Technical Analysis - U...
Last post by forex4you - Today at 08:01 pm
Bitcoin Technical Analysis - Upward Price Trend Breaks Through Key Resistance Levels

Bitcoin (BTC) is showing a notable upward price trend,
fueled by significant exchange outflows and bullish sentiment, with many eyeing
the $72,000 mark as a potential target. This article focuses on the technical
factors driving this trend and explores emerging opportunities in the crypto
market such as the Minotaurus ($MTAUR) presale.

Bitcoin (BTC) on the Brink
of a Major Breakout

Bitcoin (BTC) Market
Position

Rumors suggest that former President Donald Trump may
announce Bitcoin (BTC) as a strategic reserve asset for the United States,
driven by Dennis Porter, a crypto community figure, who claims this will be
revealed in Trump's speech at the Bitcoin 2024 Conference. If true, this would
mark a historic shift in US monetary policy, positioning Bitcoin as a critical
financial asset and potentially causing significant market movements.

Technical Analysis

Bitcoin (BTC) has broken out of its downtrend and is on an
upward trajectory. Analyst Rekt Capital noted that Bitcoin (BTC) has surpassed
a key trendline on the daily chart, with the price around $64,794.

Experts suggest that if Bitcoin (BTC) flips the $65,000
level into support, it could reach $71,500.

The potential announcement of Bitcoin as a US strategic
reserve asset could propel it to $80,000. Market sentiment is overwhelmingly
positive, with anticipation of a further uptick.

Further Catalysts

The buzz around Bitcoin (BTC) as a potential strategic
reserve asset has captivated analysts and influential figures. Trump advisor
Vivek Ramaswamy advocates for its inclusion in US Treasury reserves to combat
inflation, while David Bailey, CEO of Bitcoin Magazine, envisions the US
securing 210,000 Bitcoin (BTC) for a century. This move could solidify
Bitcoin's status in global finance and lead to significant price surges if
confirmed.

As the market awaits Trump's announcement, sentiment
remains highly optimistic, with potential for new all-time highs.

Minotaurus ($MTAUR): A
Blockchain Gaming Project in Presale

While Bitcoin (BTC) prospects might seem compelling,
diversifying portfolios could be a savvy move for crypto enthusiasts. Minotaurus
($MTAUR)
seems to be a project that can benefit from either Bitcoin
(BTC) scenario. If it grows, this coin seems ready to follow suit, but if
Bitcoin (BTC) stalls, there's still enough value in it.

Let's explain it a bit: it's a blockchain gaming project
currently in presale. At the time of writing, $MTAUR tokens are priced at just
$0.0000452, which is 77.5% lower than the expected listing price of
$0.00020.

A Closer Look at
Minotaurus ($MTAUR)

Minotaurus ($MTAUR) offers an engaging gaming experience
where players navigate mazes, defeat monsters, and complete challenging levels.
$MTAUR, the project's native token, has solid utility within the game. By
converting $MTAUR tokens into in-game currency, users can customize their
characters, unlock special features, and enjoy hours of fun directly from
mobile devices.

More on Minotaurus
($MTAUR) Appeal

The project's appeal extends beyond an affordable entry.
$MTAUR holders can get bonuses for extending vesting periods and referring
friends to join the Minotaurus
community
.

Minotaurus ($MTAUR) is committed to providing a secure and
transparent environment for its members. The project has been audited by
SolidProof and Coinsult, ensuring the highest standards of safety.

With balanced tokenomics and a strong development team,
Minotaurus ($MTAUR) could make a significant impact in the growing casual
gaming market, which is valued at approximately $14.78 billion and expanding
steadily as per Statista.

The presale token supply is finite. For those who want to
join Minotaurus ($MTAUR) at the ground level, it makes sense to take action
now.

More
Details on the Official Website



                This article was written by FL Contributors at www.forexlive.com.

Source: Bitcoin Technical Analysis - Upward Price Trend Breaks Through Key Resistance Levels

forexlive.com
Pages 1 2 3 4 5 6 7 8 9 10