Why do the prices of crude and gasoline futures behave differently when they are part of the same energy complex? There are more than 150 types of crude oil, each with their own consistency, chemical Read more…
“We still face the backdrop of a challenging macroeconomic environment,” said CEO Eric Yuan. Zoom Video Communications (ZM) – Get Free Report shares slumped Tuesday after the video conferencing specialists forecast softer-than-expected near-term revenues that clouded Read more…
Market picture Bitcoin went below 15,500 at the end of the day on Monday, rewriting two-year lows, and slightly retreated from those extremes by the start of trading in Europe, trading around 15,700 (-2% in Read more…
Stock futures nudge higher as dollar retreats; oil prices steady as OPEC report, demand bets unsettle markets; GameStop edges higher after reports of Carl Icahn short; Zoom slumps after cutting sales outlook in ‘challenging’ environment Read more…
WTI oil was firmer in early Tuesday trading following a roller-coaster ride on Monday, when oil fell over 6% and recovered all losses on subsequent quick bounce. The news that China is imposing fresh package Read more…
The Japanese yen has stabilized on Tuesday and is trading at 141.58, down 0.37%. USD/JPY rocketed higher on Monday, gaining 1.2%. BoJ Core CPI jumps to 2.7% With inflation continuing to gain traction in Japan, Read more…
DAX falls as China worries persist The DAX close lower yesterday and is extending losses today as worries over rising COVID cases in China continue to undermine confidence. Cases are sitting at a six-month high, Read more…
RBA Governor Philip Lowe reiterated in a speech that the Board expects to “interest rates further over the period ahead”, and interest rate is “not on a pre-set path”. “We have not ruled out returning Read more…
GBPUSD has been stuck in a prolonged downtrend since the beginning of the year, plummeting to an all-time low of 1.0324 in mid-September. Nevertheless, the pair has exhibited signs of recovery in the short term, Read more…
EURJPY is meeting the 20-day simple moving average (SMA) after several days of hovering within the short-term SMAs. In the broader outlook, the market is still moving above the long-term ascending trend line, endorsing the Read more…