Crude oil has been trading up and down since early February The price of crude oil settled at $92.10today. That was up $0.19. However since then, the price has move down and currently trades at $91.61currently. That’s nowdown $-0.21 on the day. The catalyst was reports that the US was mullling the release of strategic
Month: February 2022
There’s ZERO point in me wasting time on day like today rewriting what every over firm is writing, so I won’t. Instead, I recommend you check out Newsquawks awesome morning primer, linked below. Even has a podcast version, what more could you ask for?! Euro Market Open: Sentiment declines as Russia moves in on Ukraine;
USD/CNH risks a deeper decline on a break below 6.3050, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “The sharp plunge in USD to 6.3080 came as a surprise (we were expecting sideway-trading). While the rapid drop appears to be overdone, USD could test the support at 6.3050 before the current weakness should
NEW DELHI: Gold prices spiked on Thursday, moving towards multi-month highs, as investors rushed towards safe-haven amid global geopolitical worries. Ukraine declared an emergency and the West imposed more sanctions on Russia for sending troops into eastern Ukraine, while Moscow bombarded Kyiv. Gold futures on MCX were trading higher by 1.53 per cent or Rs
In this article EBAY eBay headquarters in San Jose, California, U.S., on Monday, Aug. 9, 2021. David Paul Morris | Bloomberg | Getty Images Shares of eBay slid as much as 11% in extended trading Wednesday after the online marketplace posted its fourth-quarter earnings and gave guidance for the first quarter that fell short of
US stocks tumbled sharply overnight after the West unveiled a wave a sanctions on Russia’s invasion on Ukraine, and warned that more are underway. But other markets were pretty steady, with Asian markets trading mildly higher. Gold is struggling to stand above 1900 handle. WTI crude oil is also gyrating below 96. In the currency
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GBPUSD tests a support area The GBPUSD has completed the lap up and down that saw the price of the pair bottom yesterday at 1.35375, move up to a high today at 1.3619 and then back down to a low today just below the low from yesterday to 1.35348. The 38.2% of the move up
Here is a stat that shocked me on Friday (and it’s only gotten worse this week): Half of the Nasdaq Composite is down 30% or more 40% of stocks are down 40% or worse 35% of stocks are down 50% or worse 28% of stocks are down 60% or worse We’re bordering on a 2000-style
NYSE:NIO has fallen by over 35% so far in 2022. Nio is rumored to be unveiling the new ES7 SUV in April. Nio has also been linked to designing and manufacturing its own smartphone. UPDATE: NIO stock is down roughly 6% on Tuesday, trading at $21.83 per share. US indexes trade in the red, although
New Delhi: Gold prices fell by Rs 126 to Rs 49,960 per 10 grams here on Wednesday amid a decline in international prices along with gains in the rupee, according to HDFC Securities. The yellow metal had closed at Rs 50,086 per 10 grams in the previous trade. Silver was almost flat on Wednesday at
In this article LOW A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that sales rose 5% and surpassed Wall Street’s estimates in the fiscal fourth quarter, as Americans bought, fixed up
The Cointelegraph Top 100 list has reached the leading 30 entries, and many notable individuals made it to the top. So far, the list includes many prominent personalities from various industries like rap icon Snoop Dogg and football star Tom Brady. Apart from these, blockchain-focused characters like Yearn.finance founder Andre Cronje and the Web3 community
The markets are generally trading in risk-on mode today. New Zealand Dollar is leading commodity currencies higher, with additional boost from hawkish RBNZ rate hike. Australian Dollar is following closely, then Canadian Dollar. on the other hand, Yen and Dollar are under some selling pressure. Euro and Sterling are mixed despite hawkish comments from ECB
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Gold has been one of the bigger beneficiaries in this whole Russia-Ukraine episode but as risk fortunes start to turn, we’re not seeing a material unwind in gold just yet. I mean, it may still a bit early so there’s nothing wrong with that. But often times, markets tend to act first and then work
GBPUSD trades in a narrow up and down trading range The GBPUSD fell yesterday and in the process tested its 100 hour moving average (blue line in the chart above). In the Asian session today, the price moved below that moving average line, and then retested the line on two separate other occasions (one
Economists at Credit Suisse remain bullish on the Swiss franc and reaffirm their 1.0050 EUR/CHF target. Peripheral spread widening sends a warning signal to the ECB “A neutral SNB, fading ECB hawkishness, wider euro area peripheral spreads and geopolitical risks should weigh on EUR/CHF.” “We continue to believe that the currency pair has further downside
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