The price of crude oil moved higher on the back of the Russian missile that landed in Poland killing 2 people. The price of crude oil raced higher reaching $88.65. That was just above the 200 hour moving average at $88.63. The price has since rotated back to the downside currently trading at $87.52 up
At least 2 people are dead after Russia missile lands in NATO state Poland on the Ukraine border (CLICK HERE for the story). It is unclear if the missiles are from Russia’s mass bombardment of Ukrainian cities earlier today. It is reported that over 100 rockets were launched. US stocks have moved lower on the
Oil prices fell by over $1 a barrel on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel consumption from the world’s top crude importer. Brent crude futures were down $1.08, or 1.16%, to $92.06 a barrel at 1435 GMT, while U.S. West Texas Intermediate crude fell $1.13, or 1.32%, to $84.74.
Dollar selloff resumes today on the back of extended rally in the stock markets and decline in treasury yields. Selloff in particularly apparent against Euro and Sterling, and to a slightly lesser extent Aussie. Yen also manages to resumes recent rally against the greenback. But Swiss Franc is lagging behind, as dragged down by selloff
Luis Alvarez | Digitalvision | Getty Images Households increased debt during the third quarter at the fastest pace in 15 years due to hefty increases in credit card usage and mortgage balances, the Federal Reserve reported Tuesday. Total debt jumped by $351 billion for the July-to-September period, the largest nominal quarterly increase since 2007, bringing
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT People past walk by a Walmart store on August 23, 2020 in North Bergen, New Jersey. Kena Betancur | VIEW press | Corbis News | Getty Images Walmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income
Wall Street is printing in the red with benchmarks at the lows of the day following news that at least two are dead after Russian missiles landed in NATO state Poland on the Ukraine border, according to the Express. Poland has convened a national security committee meeting according to a spokesman. More to come… Market reaction US
The crude oil contract settled the day at $85.87, down -$3.09 from the Friday settled level at $88.96. The selling has continued in after hours trading the price trading to a new low at $85.26. The current price is at $85.33. Looking at the hourly chart, the price remains above the low from last week
The previous narrative in markets over the past few months was to buy the dollar, sell everything else. Right now, we’re in the midst of a correction or retracement of said narrative and it is pretty much sell the dollar, buy everything else. Stocks and bonds are higher again today and that is pinning the
Gold hovered near a three-month high on Tuesday, as a top U.S. central bank official’s comment raised hopes that the Federal Reserve would adopt a less aggressive approach on rate hikes, while a stronger dollar kept gains in check. FUNDAMENTALS * Spot gold was steady at $1,770.70 per ounce, as of 0122 GMT, after hitting
Overall, the forex markets are bounded in tight range as consolidative trading continues. There is no clear sign of a sustainable rebound in Dollar, and thus, the most is more likely down than up. Yen is clearly soft but selling hasn’t really take off yet. Commodity currencies are currently having a slight upper hand against
A Sheetz customer gets gasoline at a gas station in Plains, Pennsylvania, U.S. October 19, 2022. Aimee Dilger | Reuters Americans grew more worried about inflation in the October, with fears emanating from an expected burst in gasoline prices, a Federal Reserve survey showed Monday. Inflation expectations for the year ahead rose to 5.9%, up
WTI pares the biggest daily loss in seven weeks, prints mild gains of late. Convergence of 50% Fibonacci retracement level, monthly support line restricts immediate downside. Bearish MACD signals and sustained trading below 200-SMA favor sellers. Buyers need validation from $88.10 to retake control. WTI crude oil remains pressured around $84.70 while consolidating the previous
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Turkey’s Financial Crimes Investigation Agency is the latest authority to announce investigations into crypto exchange FTX after its collapse and bankruptcy filing on Nov.11. Along with FTX, the agency will look into people and institutions related to the platform — including banks, electronic money institutions and crypto-asset providers — according to an official statement from
The AUDUSD ran higher last week congruent with the run lower in the USD. The move to the upside saw the pair run up to test the 100 day MA (blue line in the chart above) and that gave traders some cause for pause. The price consolidated above and below the MA into the weekend.