WTI oil price continues to trend higher, extending recovery from Dec 13 low ($67.70) into fifth consecutive day. Growing tensions on several attacks on ships in the Red Sea, which prompted major shipping companies to Read more…
Updated at 7:31 AM EST FedEx (FDX) – Get Free Report shares fell sharply lower in early Wednesday trading after the package-delivery giant posted softer-than-expected fiscal-second-quarter profit and slashed its full-year sales outlook amid what it called Read more…
Check back for live updates throughout the trading day. U.S. equity futures slipped lower Wednesday, while bond markets extended their historic December rally and the dollar held gains against its global peers, as soft inflation Read more…
Bundesbank President Joachim Nagel has issued a warning to investors and analysts anticipating an early interest rate cut by ECB. In an interview, Nagel emphasized the importance of maintaining the current interest rate levels to Read more…
Yesterday’s swift rally has led to an overstretched upside momentum condition. At the risk of a minor corrective pull-back within its short-term uptrend phase. Watch the 33,150 key short-term support. The price actions of the Read more…
Cable dropped on Wednesday morning on softer than expected UK November inflation, losing around 0.4% after data release. Stronger than expected drop in consumer prices adds support to rate cut scenario, making pound less attractive, Read more…
The COVID-19 pandemic led to a substantial labor force transformation in the U.S., marked by ‘The Great Reshuffle.’ Over 50 million workers resigned in 2022, continuing the trend from 2021, but by August 2023, resignations Read more…
Gold price gained traction and climbed above the $2,030 resistance level. Crude oil price is recovering, and it could climb further higher toward the $78 resistance. Important Takeaways for Gold and Oil Prices Analysis Today Read more…
EURGBP edges higher after weaker UK CPI Path higher filled with strong resistance points Momentum indicators are mostly bullish EURGBP is trading higher today after the downside surprise registered by the UK inflation report. The Read more…
USDJPY rebounds off 140.90 Momentum indicators suggest more gains in the near term USDJPY stormed higher after penetrating the 200-day simple moving average (SMA) but found strong resistance at the 200-day exponential moving average (EMA), Read more…