EURUSD came under pressure from fresh risk aversion as violent clashes in the Middle East boosted uncertainty, prompting investors into safety. The pair opened with a gap lower on Monday and so far retraced slightly Read more…
Market picture The crypto market capitalisation is down 3.2% for the week to $1.09 trillion. However, this is more of a high base effect due to a solid start to October, which quickly deflated. Technically, Read more…
United Autoworkers Union members voted to reject a proposed labor agreement with Volvo-owed Mack Trucks late Sunday in a move that will lead to expanded strike action amid the union’s weeks-long dispute with the Big 3 Read more…
Bristol Myers Squibb (BMY) – Get Free Report is set to buy cancer drug specialists Mirati Therapeutics (MRTX) – Get Free Report in a $5.8 billion dollar all-cash deal that adds to a string of recent acquisitions Read more…
Global oil prices surged higher Monday, reversing the market’s sharp declines last week, following a series of attacks on Israel from Hamas fighters in the south from Gaza and Hezbollah-backed militants in the north from Read more…
U.S. equity future moved lower Monday, while the dollar built gains against its global peers and oil prices surged, as investors piled into safe-haven assets and worried about energy supply disruption following the deadly weekend Read more…
ECB Vice-President Luis de Guindos highlighting the “enormous uncertainty” that geopolitical tensions are injecting into the financial markets and the broader economy, in light of the heightened conflicts between Israeli and Hamas forces in Gaza. Read more…
Investor confidence in Eurozone appears to be staying on shaky ground, as evidenced by the dip in Sentix Investor Confidence from -21.5 to -21.9 for October. While this decline was milder than the anticipated drop Read more…
Gold jumps higher on the back of geopolitical risks This is the first reaction from the bulls after the strong sell-off Upleg could have legs if momentum indicators align Gold is trading higher today as Read more…
Gold opened with a gap higher, starting trading on Monday at $1850 zone, after closing on Friday at $1832. Growing uncertainty over spiraling violence in the Middle East prompted traders into safer assets and strongly Read more…