What could have been a really positive week for equity markets is off to a much more nervy start, with stocks in Europe treading water and US futures slightly lower. The inflation report on Friday Read more…
The Euro is trading near five-month high on Monday and cracked pivotal Fibo barrier at 1.0578 (38.2% of 1.2266/0.6535 downtrend), but quick pullback indicates that bulls face headwinds. Last Friday’s Hanging Man candle was initial Read more…
The Australian dollar has posted slight gains at the start of the trading week. AUD/USD is trading at 0.6801, up 0.10%. RBA likely to deliver 25-bp hike The Reserve Bank of Australia meets on Tuesday Read more…
The legendary financier originally tweeted that he believed Bankman-Fried when he claimed he had no intention of defrauding. Sam Bankman-Fried continues to divide. The fallen founder of cryptocurrency exchange FTX recently launched a media offensive Read more…
On Monday, the market major has reached 1.0580. It must be realized, that this is not because the euro is strong but because the dollar is weak. Investors are undermining the USD, treading on statistics Read more…
Gold price started a fresh increase from the $1,740 support zone against the US Dollar. The price gained pace above the $1,780 resistance to move into a positive zone. The pair even climbed above the Read more…
Elon Musk’s group and its Chinese rivals are often among the choices of investors betting on electric vehicles. Tesla dominates the electric vehicle market. Although the market share of Elon Musk’s group has declined in Read more…
The founder of the bankrupt cryptocurrency exchange launched a media blitzkrieg to give his version of his downfall. Sam Bankman-Fried wants to pass for a tragic hero. A few days ago, the founder of the Read more…
A lower-than-expected cap on Russian crude prices, as well as the potential for improving China demand, has oil prices on the move Monday. Global oil prices moved higher Monday after OPEC leaders, as well as Read more…
The Bank of Canada is about to announce another rate hike on December 7. The market expects a 25bps rate increase despite the upside surprise in the Q3 GDP and the tight labour market. Chances of a bigger rate Read more…