WTI crude oil settled above the 200-day moving average for the first time since August in a rare win for the bulls this year. The rally above the 200dma improves the technical picture for oil and doesn’t leave much standing in the way to a return to the April high of $83.55. That will be
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Gold prices dropped by Rs 100 to Rs 60,350 per 10 grams in the national capital on Monday amid weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 60,450 per 10 grams. Silver also declined by Rs 200 to Rs 77,000 per kilogramme. Gold eased on
Euro and British Pound face some downward pressure today, following dismal PMI data that raises concerns about the prospect of further economic contraction in Eurozone and UK. With the German Ifo business climate index on the horizon tomorrow and ECB rate decision due on Thursday, Euro is likely to face additional scrutiny. Meanwhile, Dollar seems
Share: EUR/USD bears are in the market and eye last month’s highs. A break of support will leave a 61.8% ratio vulnerable on the daily chart. The Euro is under pressure due to economic data that continues to show the resilience of the US economy in contrast to those that are topping on the edge of a
In this article CVX Follow your favorite stocksCREATE FREE ACCOUNT Cars drive past sign with logo at the entrance to the world headquarters of petroleum company Chevron in the Bishop Ranch office park in San Ramon, California. Smith Collection | Archive Photos | Getty Images Chevron on Sunday said the company’s Chief Financial Officer Pierre
The soft-landing vibes are still present in the market even if we started to see some pullbacks here and there. In fact, following the miss in the US CPI report, the economic data last week was still good with US Retail Sales beating expectations on the Control Group data and the US Jobless Claims falling
The upcoming week will be eventful, with several key economic indicators and policy announcements scheduled across different regions: Monday will feature the release of Flash Manufacturing PMI and Flash Services PMI for the United States. On Tuesday, Japan will announce the BoJ core CPI y/y, while the United States will publish the CB Consumer Confidence
Bullion traded rangebound in the early morning session on Monday ahead of the crucial US Federal Reserve’s Federal Open Market Committee (FOMC) meeting which begins on Tuesday. The bias remained negative as the dollar index (DXY) was trading above the 101 mark. The August gold futures were trading in the red at Rs 59,220 per
As a typical Monday Asian session commences, activity in the financial markets is somewhat muted. Nikkei is displaying a notable rise, although this primarily reflects continuation of its recent flip-flopping pattern within an established range, indicative of ongoing consolidation. A similar pattern is observed across other major Asian markets as well. On the currency front,
Share: EUR/GBP meets with heavy supply in reaction to the dismal Euro Zone PMI prints for July. The weaker data eases pressure on the ECB to hike rates further and weighs on the Euro. Diminishing odds for a more aggressive BoE cap gains for the GBP and could limit losses. The EUR/GBP cross comes under
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In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated in Oak Brook, Illinois, Feb. 23, 2022. Armando L. Sanchez | Tribune News Service | Getty Images Carvana has reached a deal with noteholders to reduce the used car retailer’s total debt outstanding by over $1.2 billion, the company
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Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher. According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum
The USDCAD traded in a relatively narrow trading range this week with the price reaching the week’s high on Tuesday. That move took the price above the 200-hour moving average of 50% retracement of the July trading range. However, momentum faded quickly and the price then rotated lower over the next 2 days to the
Dr. Fatih Birol is Executive Director of the International Energy Agency (IEA), he spoke to reporters at a meeting of Group of 20 energy ministers in India over the weekend. He said that the IEA revisions to its global oil demand growth projections “is very much dependent on the growth of many countries in the