While US stocks hit another record high overnight, the path reversed with the three major indexes closing lower, with particular heavy selling in NASDAQ. Bearish sentiment continues in Asia session today, with Nikkei and Hong Kong HSI in deep red. Reactions in currency markets are mild, however, with commodity currencies just in shallow retreat. Yen
Month: May 2021
US President Joe Biden speak about the Covid-19 response and the vaccination program in the State Dining Room of the White House on May 4, 2021. Nicholas Kamm | AFP | Getty Images President Joe Biden on Monday urged U.S. companies to boost pay for workers as he outlined the steps his administration is taking
In this article PLTR Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Palantir, the maker of software and analytics tools for the defense industry and large corporations, reported 49% revenue growth for its first quarter,
NYSE:AMC gains over 2% on Monday as market weakens. AMC results were poor, but retail traders love the name and the CEO. Meme stocks and the Reddit short squeeze are the focus of the SEC’s new chair. Update May 11: AMC shares bucked the trend on Monday rising nearly 3% and putting $10 firmly in
NASDAQ down -2.27% the NASDAQ and S&P are trading to new session lows. The Dow industrial average remains positive but gives back most of the days gains: S&P index is down -26.57 points or -0.63% at 4205.61. That is just off the lows of 4204.17 NASDAQ index -311 points or -2.26% at 13440. The low
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
LONDON: Hedge funds boosted their position in petroleum for the fourth week running, as bullishness about oil consumption and prices rebounded after the setback in March. Hedge funds and other money managers purchased the equivalent of 40 million barrels in the six most important petroleum futures and options contracts in the week to May 4.
Sterling rises strongly today, and overpowers Australia and New Zealand Dollar. On the other hand, Yen’s selloff continues while Dollar is following closely behind. Despite strong investor confidence data, Euro is indeed under heavy selling pressure against the Pound and Aussie. Comments from ECB chief economist Philip Lane suggests that the central bank is still
View of the Prohibition Taproom in Philadelphia. Owner Michael Pasquarello, who owns two other establishments in the city, is optimistic about the future despite issues that plague the industry. Source: Google Earth Like many in his field, restaurateur Michael Pasquarello is grateful to have survived the damage the pandemic did to his business, and is
Virgin Galactic’s carrier aircraft releases its spacecraft Unity during a glide flight test. Virgin Galactic Virgin Galactic delivered first quarter results after the market closed on Monday, announcing that it has yet to set a target date for its next spaceflight test, which the company previously planned for this month. “Timing of next flight test
Silver holds lower ground after reversing from 10-week high. Monday’s ‘Shooting star’ near short-term channel resistance suggests further pullback moves. Bullish MACD probe sellers, confluence of 21-day SMA, channel support be the key. Silver prices remain pressured around $27.30 amid the initial Asian trading session on Tuesday. The white metal rose to the highest since
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Having emerged with the self-applied moniker of “Dogecoin Killer,” the latest cryptocurrency to succeed on laughs alone is making its way to Binance. Shiba Inu (SHIB) burst into CoinMarketCap’s top 20 rankings just two days ago, likely a response by traders to the hype surrounding Dogecoin (DOGE). Within 48 hours the SHIB token went from
AUD/USD trades to fresh highs of 0.7880, its highest since 26 February Invest in yourself. See our forex education hub. The AUD/USD chart is one that holds some similarity to the GBP/USD chart at the moment. Much like how the latter looks to be targeting its February highs around 1.4200 next, AUD/USD looks to be
Does the market really care about one bad miss on payrolls? As we get into trading today, it is still all about digesting and gauging the reaction to the surprisingly poor US jobs reports on Friday here. Invest in yourself. See our forex education hub. However, taking the numbers at face value, what does it
TOKYO: Crude prices rose on Monday after a major cyberattack forced the shutdown of critical fuel supply pipelines in the United States and highlighted the fragility of its oil infrastructure. Brent crude was up by 57 cents, or 0.8 per cent, at $68.85 a barrel by 0645 GMT, having risen by l.5 per cent last
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