WTI oil futures are trading slightly above the 112.00 price level following a bearish pullback off a recorded twelve-week high, just shy of the 120.00 barrier in which the three-week rally stretched to. Despite the Read more…
“Through a combination of supply constraints … we did not fully translate the strong customer orders into higher revenue growth,” said CEO Antonio Neri. Hewlett Packard Enterprise (HPE) – Get Hewlett Packard Enterprise Co. Report shares Read more…
The USDJPY is trading within a narrow range around 130 handle on Thursday, after recovery from 126.36 (May 24 low) accelerated on Wednesday (up 1.1% for the day) and cracked pivotal barriers at 130.00/16 (psychological Read more…
Stock futures higher, oil slides, with jobs in focus; Meta shares recover as investors react to Sandberg departure; GameStop shares edge higher after mixed Q1 earnings; HPE shares tumble after muted Q2, tepid sales outlook Read more…
Eurozone PPI rose 1.2% mom, 37.2% yoy in April, below expectation of 2.3% mom, 38.6% yoy. For the month, Industrial producer prices increased by 3.8% for intermediate goods, by 2.7% for non-durable consumer goods and Read more…
EURGBP has been gradually gaining ground over the past week, with the 20-day simple moving average (SMA) buffering any selling pressures on the way up and hence defending the latest rebound on the key 200-day Read more…
Bitcoin collapsed 5.6% in the past 24 hours, retreating again below the $30K mark. Ethereum lost 6.1%. Leading altcoins in the top 10 fell from 5.2% (BNB) to 11.5% (Solana). Total crypto market capitalisation, according Read more…
WTI oil price eased further in early Thursday, holding in red for the third straight day and pressured from profit-taking from the latest rally which stalled at psychological $120 barrier. Traders focus on today’s OPEC+ Read more…
ECB Governing Council member Francois Villeroy de Galhau said in Pairs, “inflation is not only too high, but also too broad. This requires a normalization of monetary policy — I say normalization and not tightening.” Read more…
The Canadian dollar moved sideways after the latest interest rate decision by the Bank of Canada. The bank decided to hike interest rates by 0.50%. Pushing the overnight rate to 1.50%. In addition, Tiff Macklem Read more…