The Strategic Petroleum Reserve, built to alleviate domestic supply shortages, has been depleted by about 27% in less than a year. The Department of Energy has a plan to refill it, but will it be Read more…
The British pound might have stolen the show for all the wrong reasons at the start of this week as it plunged to a record low in a mini flash crash, but let’s not forget Read more…
The US 500 cash index has been underperforming over the last five daily sessions, but the strong negative momentum started after the pullback off the 200-day exponential moving average (EMA). The price is approaching the Read more…
British pound fell to a record low vs dollar in Asian session on Monday, in extension of last Friday’s sharp fall, when the pair was down 3.6% for the day in the biggest daily drop Read more…
The Euro bounces from new 20-year low (0.9548) hit overnight, in extension of Friday’s almost 1.5% drop. Bears faced a headwinds after break of initial target at 0.9601 (Sep 2002 low), with profit-taking on oversold Read more…
Macu, the world’s largest gaming hub and a key source of U.S. casino operators revenues, will begin allowing tour visits in November. Las Vegas Sands (LVS) – Get Las Vegas Sands Corp. Report shares lead U.S. Read more…
Prime Early Access will offer “deep discounts on top brands” and follow a move by Target to bring forward holiday-focused sales. Amazon (AMZN) – Get Amazon.com Inc. Report shares were active Monday after the world’s biggest Read more…
Stock futures edge lower amid currency market chaos; Week Ahead: Fed inflation gauge in focus as rates leap; Sterling crisis sends pound to all-time low against the dollar; Amazon follows Target in early holiday sales Read more…
Germany Ifo Business Climate dropped from 88.6 to 84.3 in September, below expectation of 87.1. That’s the lowest level since May 2020. Current Assessment index dropped form 97.5 to 94.5, below expectation of 96.0. Expectations Read more…
Gold has been losing ground since early March, generating a profound structure of lower highs and lower lows within a descending channel. Furthermore, in the last few daily sessions, the technical picture has deteriorated, with the Read more…