AUDUSD flirting with 2-month lows

AUDUSD On Pace To Post A Fifth Consecutive Day Of Gains

|Chart | Calendar   | TRADE NOW | AUDUSD

AUDUSD On Pace To Post A Fifth Consecutive Day Of Gains

BUZ INVESTORS AUDUSD On Pace   AUD/USD fell under pressure following the release of the Reserve Bank of Australia’s monetary policy meeting minutes but turned higher in European trading to release early day gains. Despite the pair remaining below yesterday’s high, it is on track to post a fifth consecutive day of gains.

The RBA meeting minutes revealed that the bank held its neutral stance towards monetary policy which was largely expected. The central bank discussed various reasons why earlier employment gains were concentrated to part-time jobs but also indicated that first quarter employment growth saw a rise in full-time employment. A recent increase in mortgage rates left the central bank optimistic regarding a slowdown in the housing market although the impact may take some time to filter through and the housing market will continue to be closely monitored as well as the labor market.




AUDUSD On Pace

Trade Idea AUDUSD  Buy at 0.7370

As aussie found good support at 0.7329 and has staged a rebound, suggesting a temporary low is possibly formed there and consolidation with mild upside bias is seen for further gain to 0.7470-75, then 0.7500-10 but break of latter level is needed to add credence to this view, bring subsequent rise towards resistance at 0.7556 which is likely to hold from here due to near term overbought condition.

In view of this, we are looking to buy aussie on dips as 0.7360-70 should limit downside. A break of said support at 0.7329 would abort and signal recent decline is still in progress for weakness to 0.7295-00 (76.4% retracement of 0.7158-0.7750), however, loss of downward momentum should prevent sharp fall below 0.7300 and reckon 0.7245-50 would remain intact, bring another rebound later.

On the 4-hour chart, the move from 0.8066 is the wave 5 with i: 0.8860, ii: 0.8315, wave iii is an extended move ended at 1.0183, iv: 0.9706 and wave v has ended at 1.1081 (also the top of entire wave 5). The subsequent selloff is the major correction which is unfolding as ABC-X-ABC and 2nd A leg has ended at 0.8848, followed by a-b-c wave B which ended at 0.9758, hence, 2nd C wave is now in progress and indicated downside target at 0.7000 and 0.6950 had been met, so further fall to 0.6710-20 cannot be ruled out.

Actual Previous Highest Lowest Dates Unit Frequency
5836.90 5878.30 6828.70 1358.50 1992 – 2017 points Daily
Australia Markets Last Previous Highest Lowest Unit
Currency 0.74 0.74 1.10 0.48 [+]
Stock Market 5786.28 5878.30 6828.70 1358.50 points [+]
Government Bond 10Y 2.64 2.63 16.50 1.83 percent [+]
2 Year Note Yield 1.69 1.71 5.26 1.43 percent [+]
5 Year Note Yield 2.17 2.19 5.50 1.48 percent [+]

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)




ASIAN SESSION – GOLD AT 3-MONTH HIGHS ON SOFTER DOLLAR AFTER MNUCHIN COMMENTS

Gold price extends losses for 7th consecutive day

Chart | Calendar   | TRADE NOW | GOLD

Gold price extends losses for 7th consecutive day

Gold

BUZ INVESTORS  Gold price extends losses Gold is trading at $1224.70 per ounce at 09:40 GMT this morning, 0.2% lower from the New York close. This morning, the precious metal traded at a high of $1228.70 per ounce and a low of $1223.90 per ounce. Yesterday, gold traded 0.27% lower in the New York session and closed at $1227.10 per ounce, amid strength in the US Dollar. Immediate downside, the first support level is seen at $1220.10 per ounce, while on the upside, the first resistance level is at $1233.10 per ounce.

Gold moved lower for the seventh day Monday in the national capital — this time by Rs 175 to Rs 28,550 per 10 grams — chiefly because of a drop in local demand even as it saw a slight bounce overseas.

Silver, too, declined further by Rs 225 to Rs 38,350 per kg — a sign of softness in orders from industrial units and coin makers.

The persistent fall in the yellow metal prices is seen as a direct outcome of fading demand from local jewellers and strength in the rupee that made its imports cheaper.

Globally, gold prices firmed up 0.24 percent to USD 1,230.90 an ounce in Singapore after pro-European centrist Emmanuel Macron won the French presidential election.

In the national capital, gold of 99.9 percent and 99.5 percent purity slumped by Rs 175 each to Rs 28,550 and Rs 28,400 per 10 grams, respectively. The precious metal had lost Rs 825 in the previous six days.




Gold price extends losses

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Gold | Data | Chart | Calendar | Forecast | News

Gold decreased 4.90 USD/t oz. or 0.40% to 1,220.90 on Tuesday May 9 from 1,225.80 in the previous trading session. Historically, Gold reached an all time high of 1898.25 in September of 2011 and a record low of 34.83 in January of 1970.

The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications. This page provides – Gold – actual values, historical data, forecast, chart, statistics, economic calendar and news. Gold – actual data, historical chart and calendar of releases – was last updated on May of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1220.90 1227.70 1898.25 34.83 1968 – 2017 USD/t oz. Daily

 

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USDJPY Yen Steady Ahead of US Housing, Manufacturing Reports

yen strengthened against the dollar for the eighth consecutive day

yen strengthened against the dollar for the eighth consecutive day

Buz Investors yen strengthened against the dollar This morning, at 09:40 GMT, the US Dollar is trading at 111.04 against the Yen, 0.18% lower from the New York close.

USDJPY

Buz Investors yen strengthened against the dollar  This morning, at 09:40 GMT, the US Dollar is trading at 111.04 against the Yen, 0.18% lower from the New York close. Moving ahead, traders will keep a close watch on Japan’s preliminary Nikkei manufacturing PMI, slated to release overnight. During the session, the pair traded at a high of 111.57 and a low of 110.99. Yesterday, the US Dollar traded slightly lower against the Yen in the New York session and ended at 111.24. The pair is expected to its find support at 110.64 and its first resistance at 111.50.



OTHER STORIES BUZ TRADERS FOLLOW

yen strengthened against the dollar

Japan’s preliminary Nikkei manufacturing PMI, slated to release overnight.

The yen strengthened against the dollar for the eighth consecutive day on Thursday. It is the longest winning streak since February 2011, as investors turned to safe-haven assets amid rising concerns over Donald Trump’s policies and tax reform plans. The yen was up 0.1% to ¥111 per USD around 11:50 AM London time. Historically, the Japanese Yen reached an all time high of 306.84 in December of 1975 and a record low of 75.74 in October of 2011.

The USDJPY spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the JPY. While the USDJPY spot exchange rate is quoted and exchanged in the same day, the USDJPY forward rate is quoted today but for delivery and payment on a specific future date. This page provides – Japanese Yen – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japanese Yen – actual data, historical chart and calendar of releases – was last updated on March of 2017.


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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD)




Buz Investors Oil prices rise as survey suggest The commodity is trading at $52.40 per barrel at 10:40 GMT this morning, 0.32% lower from the New York close. Crude oil witnessed a high of $52.70 per barrel and a low of $52.24 per barrel during the session. In the New York session yesterday, crude oil fell 1.24%

Oil prices fell for the seventh consecutive day

Oil prices fell for the seventh consecutive day

Buz Investors Oil prices rise as survey suggest The commodity is trading at $52.40 per barrel at 10:40 GMT this morning, 0.32% lower from the New York close. Crude oil witnessed a high of $52.70 per barrel and a low of $52.24 per barrel during the session. In the New York session yesterday, crude oil fell 1.24%

Oil

Buz Investors Oil prices fell The commodity is trading at $48.58 per barrel at 09:40 GMT this morning, 0.33% higher from the New York close. Crude oil witnessed a high of $48.64 per barrel and a low of $48.26 per barrel during the session. In the New York session yesterday, crude oil rose 0.12% to close at $48.42 per barrel, reversing its previous session losses. Meanwhile, the EIA predicted that US shale producers will likely raise oil output by 109,000 barrels a day in April. Immediate downside, the first support level is seen at $48.13 per barrel, while on the upside, the first resistance level is at $48.85 per barrel.



OTHER STORIES BUZ TRADERS FOLLOW

Oil prices fell

EIA predicted that US shale producers will likely raise oil output by 109,000 barrels a day in April.

Oil prices fell for the seventh consecutive day on Tuesday and hit the lowest level since November 29th, after Opec has increased its forecasts for non-member countries output in the latest monthly report. The US crude decreased 1.4% to $47.7 a barrel and the Brent crude was down 1.2% to $50.7 a barrel around 12:45 PM London time. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946.

Crude oil is the world’s most actively traded commodity. Crude Oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. This page provides – Crude oil – actual values, historical data, forecast, chart, statistics, economic calendar and news. Crude oil – actual data, historical chart and calendar of releases – was last updated on March of 2017.

 




Commodities ( Gold ) ( Silver ) ( Lithium )




Buz Investors XAGUSD Price of Silver The silver market performed reasonably well in 2016, with the price of the precious metal picking up more than $2 to close the year at $15.88 per ounce. That in turn helped boost the prospects for silver-tracking investments like the iShares Silver Trust

$XAGUSD Silver Prices Edge Lower; On Track for Fourth Consecutive Weekly Gain

Silver Prices Edge Lower; On Track for Fourth Consecutive Weekly Gain

Silver

  • Buz Investors Silver Prices Edge Lower This morning, silver is trading at $16.87 per ounce at 10:40 GMT, 0.94% lower from the New York close.
  • Silver witnessed a high of $17.09 per ounce and a low of $16.84 per ounce during the session.
  • Yesterday, silver traded marginally higher in the New York session and closed at $17.03 per ounce. Silver has its first support at $16.72 per ounce and its first resistance at $17.06 per ounce.




Silver Prices Edge Lower

Buz Investors Silver Prices Edge Lower This morning, silver is trading at $16.87 per ounce at 10:40 GMT, 0.94% lower from the New York close. Silver witnessed a high of $17.09 per ounce and a low of $16.84 per ounce during the session.

Silver Prices Edge Lower Silver expenses declined on Friday, but changed into still poised for his or her fourth consecutive weekly advance as political instability continued to roil the financial markets.

March silver futures fell 7 cents, or 0.four%, to $sixteen.93 a troy ounce at eight:01 am ET. For the week, silver become on target for a 1% benefit.

 

Other Stories Buz Traders Follow

Silver Prices Edge Lower

February gold futures have been clearly unchanged Friday, and have been remaining seen buying and selling at $1,202.40 a troy ounce. The yellow metal is up 0.5% for the week.

The dollar prolonged its recuperation to three days on Friday following a deluge of upbeat financial statistics during the week. The dollar index rose zero.2% to 101.38, reversing a sharp drop at the start of the week. The U.S. currency placed up robust profits against the euro, pound and Canadian dollar.

On Thursday evening, Federal Reserve Chair Janet Yellen told an audience in San Francisco the U.S. economy become drawing near the primary bank’s goal and that slow interest rate will increase are essential.

Commodities ( Gold ) ( Silver ) ( Lithium )




MGE Energy Inc.(MGEE)- NASDAQ

MGE Energy Increases Dividend for 41st Consecutive Year

MGE Energy Increases Dividend for 41st Consecutive Year

MGE Energy Increases Dividend for 41st Consecutive Year

Madison, Wis., Aug. 19, 2016—The board of directors of MGE Energy, Inc. (Nasdaq: MGEE) today increased the regular quarterly dividend rate to $0.3075 per share on the company’s common stock. The dividend is payable Sept. 15, 2016, to shareholders of record Sept. 1, 2016. This increase raises the annual dividend rate by 5 cents from $1.18 per share to $1.23 per share.

“MGE Energy remains committed to building upon its financial strength and providing solid returns to shareholders,” said Gary Wolter, MGE Energy’s chairman, president and CEO. “Our customer-focused business model has supported payment of dividends to our shareholders for over one hundred years.”

MGE Energy has increased shareholder dividend payouts annually for 41 consecutive years

About MGE Energy

MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric (MGE), generates and distributes electricity to 146,000 customers in Dane County, Wis., and purchases and distributes natural gas to 152,000 customers in seven south-central and western Wisconsin counties. MGE’s roots in the Madison area date back more than 150 years.



MGE Energy is a public utility holding company. Through its subsidiaries, the company produces and distributes electricity and distributes natural gas to customers primarily in Wisconsin. MGE Energy was founded in 1855 and is headquartered in Madison, Wisconsin.

With this dividend increase, MGE Energy has an annual dividend yield of 2.18%. In the past 41 years, the company has raised its dividends every single year. MGE Energy doesn’t have a target range for its dividend payout, but its recent dividend payout ratio has been between 50% and 60%.

“MGE Energy remains committed to building upon its financial strength and providing solid returns to shareholders,” MGE Energy’s Chairman, President, and Chief Executive Officer Gary Wolter wrote in the company’s press release. “Our customer-focused business model has supported payment of dividends to our shareholders for over one hundred years.”


Community Bank System, Inc. Announces Its 24th Consecutive Year of Dividend Increases

Community Bank System, Inc. Announces Dividend Increases




Community Bank System, Inc. Announces Its 24th Consecutive Year of Dividend Increases

Community Bank System, Inc. Announces Its 24th Consecutive Year of Dividend Increases

DEWITT, N.Y.–(BUSINESS WIRE)–Community Bank System, Inc. (NYSE:CBU) announced that its Board of Directors declared a quarterly cash dividend of $0.32 per share on its common stock. The dividend will be payable on October 10, 2016 to shareholders of record as of September 15, 2016.

“The payment of a meaningful and growing dividend is an important component of our commitment to provide consistent and favorable long-term returns to our shareholders. The increase reflects the continued strength of both our current operating performance and capital position.”

This one cent increase in the Company’s quarterly cash dividend over the same quarter of last year, or 3.2% higher, represents an annualized yield of 2.84% based on the Company’s closing price of $45.12 on August 17, 2016. This increase marks the twenty-fourth (24th) consecutive year of dividend increases for the Company. President and Chief Executive Officer, Mark E. Tryniski, commented, “The payment of a meaningful and growing dividend is an important component of our commitment to provide consistent and favorable long-term returns to our shareholders. The increase reflects the continued strength of both our current operating performance and capital position.”

Community Bank System, Inc. operates more than 200 customer facilities across Upstate New York and Northeastern Pennsylvania through its banking subsidiary, Community Bank, N.A. With assets of approximately $8.7 billion, the DeWitt, N.Y. headquartered company is among the country’s 150 largest financial institutions. In addition to a full range of retail and business banking services, the Company offers comprehensive financial planning, insurance and wealth management services through its’ Community Bank Wealth Management Group and OneGroup NY, Inc. operating subsidiaries. The Company’s Benefit Plans Administrative Services, Inc. subsidiary is a leading provider of employee benefits administration, trust services, and actuarial and consulting services to customers on a national scale. Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU. For more information about Community Bank visit www.communitybankna.com or http://ir.communitybanksystem.com.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause the actual results of CBU’s operations to differ materially from CBU’s expectations: the successful integration of operations of its acquisitions; competition; changes in economic conditions, interest rates and financial markets; and changes in legislation or regulatory requirements. These statements are based on the current beliefs and expectations of CBU’s management and CBU does not assume any duty to update forward-looking statements.

Gold Prices: Big Investors Turning Bullish Could Send Gold Soaring

Gold Prices Range for the 9th Consecutive Session




Gold Prices Range for the 9th Consecutive Session

Daily Resistance for Gold Prices is Found at $1355.00

Gold Prices Range for the 9th Consecutive Session

Gold Prices Range  Gold is trading at $1353.50 per ounce at 09:40 GMT this morning, 0.09% lower from the New York close. This morning, the precious metal traded at a high of $1361.50 per ounce and a low of $1351.20 per ounce. Yesterday, gold traded 0.43% higher in the New York session and closed at $1354.70 per ounce. The Fed minutes indicated that the policymakers were divided over the pace of raising the key interest rate. Immediate downside, the first support level is seen at $1342.17 per ounce, while on the upside, the first resistance level is at $1363.17 per ounce.



Gold prices continue to range for the 9th consecutive trading session, as the commodity fails to hold over critical resistance at $1,355.00. With price being rejected here, gold prices may return back towards daily support near $1,335.00. This range is ultimate a part of a broader consolidating pattern, with the price of gold failing to make significant highs since July’s peak of $1,3705.04

Traders watching for a bullish breakout from this range should continue to monitor the R4 Camarilla pivot, found at $1,357.44. If the price of Gold trades above this point of intraday resistance it opens the commodity up to test the current August swing high at $1367.15. Alternatively if Gold stays inside of today’s trading range, traders may begin looking for intraday support near $1,344.15 Bearish breakouts on the day may begin under the S4 pivot at $1,339.73. If the price of Gold breaches this point, it would then open up price action to test the previously mentioned value of range support.

Australian Retail Sales Rise for Fifth Consecutive Month

Australian Retail Sales Rise for Fifth Consecutive Month

Australian Retail Sales Rise for Fifth Consecutive Month

Australian Retail Sales Rise for Fifth Consecutive Month

Australian retail sales rose for a fifth consecutive month in June, although gains were much slower than expected, reflecting consumer activity amid election season.

Retail sales rose at a seasonally adjusted 0.1% in June, the Australian Bureau of Statistics said in a reporton Thursday. A median estimate of economists forecast retail sales to increase 0.3%.

Sales rose at other cafes and restaurants, clothing stores and department stores, official data showed.

Gains were reported across most regions, including in New South Wales, Victoria, South Australia, Western Australia and Tasmania.



Consumer spending is expected to receive a lift after the Reserve Bank of Australia (RBA) lowered interest rates to new all-time lows on Wednesday. It was the second rate cut in four months, as policymakers sought a more aggressive approach to combating deflation.

The Melbourne Institute’s monthly inflation report on Monday showed a sharp decline in consumer prices in July, a sign that the fight against deflation was not over. Consumer prices declined 0.3% from June, the report showed.

Household consumption was a major catalyst behind the economy’s stellar growth in the first quarter. Australia’s gross domestic product grew a seasonally adjusted 1.1% in the first three months of the year and 3.1% annually. That was the fastest increase in three years.