Share: Mullen Automotive initiated a 1-for-9 reverse split that begins trading at new post-split price on August 11.  MULN share price closed at $0.1130 on Thursday but opens Friday at post-split price. Mullen stock needs to remain above $1 for at least 10 consecutive trading sessions to remain in compliance with NASDAQ exchange… ادامه خواندن MULN stock trades around $1 level after 1-for-9 reverse stock split

Share: The Mexican Peso (MXN) advances against the US Dollar, despite overall US Dollar strength. Banxico’s decision to hold rates at 11.25% boosted the Mexican Peso. USD/MXN may stabilize near current levels, potentially reaching 17.5000 if surpassing 17.4100. A daily close below 17.0000 could indicate an extended downward trend. The Mexican Peso (MXN)… ادامه خواندن USD/MXN drops but remains above 17.0000 amidst a hot US PPI reading

The Australian Dollar (AUD) trades lower against the US Dollar (USD) after selling-off during the Asian session on fears of a credit crunch in the Chinese property sector triggered by the default of a private property developer, Country Garden.   The Consumer Price Index (CPI) measures the change in prices of a basket of goods and… ادامه خواندن Australian Dollar trades lower on Chinese credit concerns, US inflation data

The US remains on an encouraging disinflation track, but the Dollar is not turning lower. This is, in our view, due to a lack of attractive alternatives given warning growth signals in other parts of the world (such as the Eurozone and China).  Evidence of a US economic slowdown is needed to bring USD substantially… ادامه خواندن A substantial Dollar decline is not on the cards for the moment – ING

Looking ahead, the US Producer Price Index (PPI) for July will precede the first readings of the University of Michigan’s (UoM) Consumer Sentiment Index (CSI) for August to direct intraday DXY moves. Also important will be the UoM 5-Year Consumer Inflation Expectations for the said month. Above all, the central bank updates and China news… ادامه خواندن DXY traces firmer yields on its way to 103.00 despite Fed talks about victory on inflation

The GBP/JPY resumed its uptrend, despite dipping towards the 183.40s area as of writing, sponsored by several factors. The Ichimoku Cloud (Kumo) remains below the price action, while the crossover of the Tenkan-Sen above the Kijun-Sen, opened the door for further upside, as seen during Thursday’s session. For the GBP/JPY to extend its uptrend toward… ادامه خواندن Climbs to YTD high above 184.00 amidst a soft JPY

Share: Gold price eases gains as inflation expanded at a stable pace in July. United States inflation remains almost stable amid resilience in consumer spending. US credit card spending remained the highest ever in Q2, and delinquencies rise. Gold price (XAU/USD) surrenders gains after testing the resistance of $1,930.00 as the United States Consumer Price… ادامه خواندن Gold retreats as US inflation rise moderately