Oil prices angled upward in early Asian trade on Thursday as the market shrugged off a giant U.S. crude inventory build and the International Energy Agency boosted its demand outlook. Brent crude futures rose 26 cents to $85.64 per barrel by 0131 GMT, while U.S. West Texas Intermediate (WTI) crude futures gained 34 cents to
admin
Yen’s weakness is currently a clearer development in the rather indecisive markets. Germany and UK benchmark yields are extending near term rally while US 10-year yield stands firm above 3.7%. On the other hand, 10-year JGB yield is still capped by BoJ imposed ceiling. Dollar is mixed for now after traders refused to commit over
Men wearing military uniform walk along Red Square in front of St. Basil’s Cathedral in central Moscow on February 13, 2023. Alexander Nemenov | Afp | Getty Images The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a new suite of sanctions, and for how
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Cisco reported better-than-expected fiscal second-quarter results on Wednesday and lifted its forecast for the full year. Shares of the computer networking company initially jumped in extended trading before paring most of their gains. Here’s how the company did: Earnings: 88 cents per share, adjusted, vs.
Lawmakers in the Kansas House of Representatives have introduced a bill proposing to amend the legislature’s rules on political campaign donations. According to the bill, no person would be allowed to make or accept crypto contributions of more than $100 for any political candidate in the state’s primary or general election. For donations under $100,
The major US stock indices are opening with declines as strong retail sales keeps the Fed on track for more tightening. The good news is the economy remain strong which is good for future growth/earnings. The bad is that growth may be inflationary which could lead to a much tighter Fed, which could sap strength
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 your initial investment; do not
China will make up nearly half of this year’s oil demand growth after it relaxed its COVID-19 curbs, the International Energy Agency (IEA) said on Wednesday, but restrained OPEC+ production could mean a supply deficit in the second half. “Supply from OPEC+ is projected to contract with Russia pressured by sanctions,” the Paris-based agency said
Dollar might finally be committing to a rally after stronger than expected retail sales data. Consumer markets appeared to remain robust despite persistently high inflation. Talks of a higher terminal rate for Fed is also growing. On the other hand, Sterling was knocked down earlier today after lower than expected CPI reading, in particular against
Sales at retailers rose far more than expected in January as consumers persevered despite rising inflation pressures. Advance retail sales for the month increased 3%, compared with expectations for a rise of 1.9%, the Commerce Department reported Wednesday. Excluding autos, sales rose 2.3%, according to the report, which is not adjusted for inflation. The ex-autos
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox popped 24% Wednesday after the company reported fourth-quarter earnings that beat
Share: Airbnb beat Wall Street expectations on Q4 earnings. ABNB stock jumped more than 10% to close gap from May 2022. There is very little resistance between here and $160. Airbnb management raised guidance for Q1. Airbnb (ABNB) stock managed to close the gap created on May 9, 2022, after the short-term rental platform disclosed a wide earnings
In this video, I’m revealing a INSANELY simple pullback strategy that will change the way you trade, it is a HIGH WIN RATE Price Action Strategy What you will learn: • What is pullback and how to read price action to find the optimal pullback entry in a market • How to spot and how
This is LESSON 2 of TAGALOG FOREX 101- What is Pips, Spread and LOT SIZE ?Learn to trade Forex while you were at Home or Online anywhere. Watch this Full 40mins Video of Lesson 1 of Tagalog Forex 101 for Beginners ?Open Your Own FOREX Trading Account Now! Get 50$ TRADING CAPITAL +50% $$$ TRADING
Free trading newsletter: ? https://tradeciety.com/newsletter/ My 4 trading courses for the price of 1: ? https://ultimatepriceaction.com Our trading journal: ? https://edgewonk.com/ Day Trading Program: ? https://tradeciety.com/elite/ Trading podcast: ? https://tradeciety.com/podcast Supply & Demand indicator (ad): ? https://patternalpha.com/supply-demand-indicator/ #### Risk Disclaimer: https://www.tradeciety.com/risk-disclaimer/ Any and all liability for risks resulting from investment transactions or other asset dispositions
The price of WTi crude oil is settling at $79.06. That is down -$1.08 or -1.35% on the day. The high for the day reached $79.61. The low extended to $77.46. Looking at the daily chart, the price had moved up 5 of the last 6 trading days before today. That took the price up
The US CPI came in at 0.5% for the headline and 0.4% for the core. The shelter component apparently was responsible for 1/2 of the rise, but service CPI still remains a concern and not coming down. If that trend continues, it is hard to see the CPI coming down toward the 2% target soon.
Gold prices edged up on Wednesday as the dollar eased, while U.S. inflation data released on Tuesday raised expectations that the Federal Reserve will persist with monetary policy tightening. FUNDAMENTALS * Spot gold was up 0.1% at $1,856.47 per ounce, as of 0105 GMT. U.S. gold futures were little changed at $1,865.80. * The dollar