WTI oil remains in red in early Tuesday’s trading and extends Monday’s strong fall (down 4.1% for the day). The oil prices came under increased pressure on news of rising Covid cases in China, which Read more…
Billionaire investor Warren Buffett took a rare flyer on tech last quarter with a $4.1 billion bet on contract chip manufacturer Taiwan Semiconductor. Taiwan Semiconductor (TSM) – Get Free Report shares surged higher Tuesday after billionaire Read more…
Germany ZEW Economic Sentiment rose from -59.2 to -36.7 in November, much better than expectation of -54.1. Current Situation index rose from -72.2 to -64.5, above expectation of -67.5. Eurozone ZEW Economic Sentiment rose from Read more…
In September, Eurozone goods exports, to the rest of the world, grew 23.6% yoy to EUR 210.1B. Goods imports rose 44.5% yoy to EUR 294.0B. Goods trade deficit came in at EUR -34.4B. Intra-Eurozone trade Read more…
Stocks futures higher with retail earnings, data in focus; Walmart Q3 earnings to focus on inventory, margins as shoppers seek value; Home Depot earnings in focus as housing market slumps; Taiwan Semi surges as Warren Read more…
Employment numbers out of Australia will be watched on Thursday (00:30 GMT) as the country’s central bank ponders how much further to tighten policy. Higher interest rates have been attributed to the downturn in Australia’s Read more…
Hopes that inflation is finally cooling down led traders to unwind bets that the Fed will raise rates beyond 5%, dealing a heavy blow to the US dollar last week. The next event is the Read more…
Market picture Bitcoin is trading in the $16.7K area (+1.6% in 24 hours), a significant consolidation area of the past five days. It was helped back to these levels by the news of Binance launching Read more…
RBA is looking for higher rates in an upcoming meeting, but its unclear if there will be 25 or 50bp increase which will be determined by incoming data and the outlook for inflation and employment. Read more…
EURJPY halted its latest steep decline near the 50-day simple moving average (SMA), returning to the green zone on Monday. The bulls are currently hunting the 145.00 psychological mark, though the short-term technical picture is barely Read more…