US commercial crude oil inventories dropped -2.5m barrels in the week ending March 18, larger than expectation of -0.7m decline. At 413.4m barrels, oil inventories are about -13% below the five year average for this Read more…
Markets A lot of eyes were on UK Finance Minister Sunak and his spring statement on the budget and the economy. The UK cost of living crisis worsened with inflation having accelerated to a faster-than-expected Read more…
Moderna is looking for a broader authorization for its Covid vaccine. The world is slowly getting back to normal after more than two years of the Covid pandemic upending everything. Nearly 6 million people died Read more…
The newest hotel in downtown Las Vegas wants to take a key business from MGM, Caesars and the Venetian. Las Vegas may seem like a city of endless parties, but it’s actually driven by business. Read more…
The Nothing OS home screen. | Image: Nothing Carl Pei wants to take on Apple’s walled garden this summer Continue reading…
UK inflation outperforms The markets were bracing for inflation to accelerate in February, and the readings were even higher than expected. CPI hit 6.2% YoY, a new 30-year high. This was up from 5.5% in Read more…
The US yields keep rising, which makes JPY very weak as stocks are also seen in an uptrend. So its’ not a surprise to see USDJPY moving higher, which however has five subwaves up within Read more…
Daily Pivots: (S1) 119.82; (P) 120.43; (R1) 121.41; More… Intraday bias in USD/JPY remains on the upside. Current rally should target 100% projection of 109.11 to 116.34 from 114.40 at 121.63. Sustained break there will Read more…
Daily Pivots: (S1) 0.9303; (P) 0.9339; (R1) 0.9365; More…. Intraday bias in USD/CHF stays neutral for the moment. On the downside, below 0.9293 will extend the pull back from 0.9459 to 55 day EMA (now Read more…
Daily Pivots: (S1) 1.0979; (P) 1.1013; (R1) 1.1064; More… Range trading continues in EUR/USD and intraday bias remains neutral at this point. On the downside, below 1.0899 minor support will turn bias back to the Read more…