Oil prices fell in early trade on Friday but were headed for a weekly gain with the market continuing to seesaw between fears of a recession hitting the United States and hopes for strong fuel demand recovery in China, the world’s top oil importer. Brent crude futures fell 28 cents, or 0.3%, to $84.22 a
In this article MAT Follow your favorite stocksCREATE FREE ACCOUNT The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarter results after market close on Wednesday that came in well below Wall Street’s expectations after
Share: USD/CHF jumped from weekly lows after forming a hammer at around the 0.9200 area. Near-term, the USD/CHF is upward biased and might test the 0.9300 figure. The USD/CHF forged a base and climbed back to the 0.9200 area on Friday, following Thursday’s price action, which formed a hammer, that exacerbated the USD/CHF recovery, to
To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable energy facilities, turning them into energy consumers. Miners typically purchase electricity from energy providers, such as utility companies or independent power producers, to mine BTC. They then use that electricity to power
The AUDUSD is trading in a non-trending up and down trading range as the week moves toward a close. The low for the week was reached on Monday. On that day, the pair moved below a swing area between 0.6909 and 0.6925. The momentum took the pair below another swing area at 0.68706 on it’s
MasterCard today reported that US retail sales were up 8.8% y/y excluding autos. January CPI numbers aren’t out yet but the December reading was +6.5% so that’s roughly 2.3% growth. Perhaps more notably, it shows a better pace than the December when sales were up 7.0% excluding autos. Again, January numbers aren’t out yet so
In the wake of a much stronger than expected US job report for the month of February, JOLTs job data for December beating expectations, and stellar US ISM services report for the month of January have suddenly turned around sentiments and views on inflation. Market participants are becoming concerned that notwithstanding economists’ forecasts of upcoming
While the economic calendar was relatively light, the week was full of surprise. The biggest one was the big wagers that put on Fed interest rate peaking at 6%. Rumors and speculations about the next BoJ Governor triggered some volatility. Meanwhile, the blockbuster Canadian job data came in and blew everyone away. Canadian Dollar eventually
Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul. The lender’s fourth-quarter net loss attributable to shareholders came in at 1.4 billion Swiss francs ($1.51 billion), worse than analyst projections of a loss 1.32 billion Swiss francs, according to Eikon.
Share: AUD/USD finished the week above 0.6900, up 0.04%. Consumer Sentiment in the United States improved while inflation expectations rose. AUD/USD traders are eyeing RBA’s Governor speech alongside the Aussie employment situation. Next week’s US inflation and retail sales would dictate the faith of the US Dollar. The Australian Dollar (AUD) is set to finish
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TTC Forex University – https://ttcfxuniversity.com/pre-launch-sale In this video, I will be teaching you my favorite price action trading strategy. This price action trading strategy is a strategy I have used for over 8 years and is something I trade every single week. So, if you would like to learn a pro price action trading strategy
The price of WTI crude oil futures are selling at $79.72. That’s up $1.66 or 2.13% The high price reached $80.33. That was the highest level since January 30. The low price was at $77.47. For the week, crude oil is up $6.94 or 8.49%. Ever since the biggest one we gained going back to
Last week, the “WOW” came from the US jobs report. Recall the US added 517K new jobs, much higher than the 185K estimate. Today, “WOW II” came via the Canada jobs report which added 150K. That gain came after a sharp rise of 69K last month which was revised lower from 104K previously reported, but
New Delhi, Gold price tumbled Rs 669 to Rs 56,754 per 10 grams in the national capital on Friday amid weak global trends, according to Securities. In the previous trade, the yellow metal had touched Rs 57,423 per 10 grams. Silver also plummeted Rs 1,026 to Rs 66,953 per kilogram. “Spot gold prices in the
Canadian Dollar steals the show in early US session after astonishingly strong employment data. It’s followed by Yen, which had some jitters regarding new rumors about BoJ Governor nomination. European majors, on the other hand, are the weaker ones for today, in order of Euro, Swiss Franc and Sterling for now. Aussie and Kiwi are
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT Air travelers walk toward a Lyft pickup area at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Lyft shares fell more than 30% during after-hours trading after issuing weak guidance in its earnings report on