US commercial crude oil inventories dropped -1.0m barrels in the week ending January 28, versus expectation of 1.8m rise. At 415.1m barrels, oil inventories are about -9% below the five year average for this time Read more…
CEO Sundar Pichai says the internet giant is looking at these new technologies Google (GOOGL) – Get Alphabet Inc. Class A Report has not yet said its last word. While its Silicon Valley rivals keep publicizing Read more…
Markets The US dollar extends this week’s losses. It’s the worst performing currency, even losing out against JPY and CHF in spite of the risk rebound of the past days. The trade-weighted dollar now changes Read more…
Home Depot, which traditionally hires about 80,000 workers for the spring season, said it will have next day offers for some applicants. Workers, especially retail and service-industry workers, have a lot of options these days. Read more…
The Nasdaq is set to outperform after stellar results from Alphabet and AMD. ADP payrolls unexpectedly fall. US futures Dow futures +0.18% at 35448 S&P futures +0.77% at 4578 Nasdaq futures +1.4% at 15204 In Read more…
Dollar slips; euro and pound advance The dollar continues to lose ground for the third consecutive session as long-term Treasury yields extend their decline and seem unable to gain traction. Moreover, the soaring risk appetite Read more…
Daily Pivots: (S1) 114.45; (P) 114.82; (R1) 115.07; More… Break of 114.46 minor support suggest that rebound from 113.46 is finished at 115.68. Intraday bias is back on the downside. Corrective pattern from 116.34 is Read more…
Daily Pivots: (S1) 0.9184; (P) 0.9230; (R1) 0.9257; More…. Intraday bias in USD/CHF remains on the downside for 0.9090 support. Firm break there will argue that choppy rise from 0.8925 has completed, and turn near Read more…
Daily Pivots: (S1) 1.3464; (P) 1.3496; (R1) 1.3557; More… GBP/USD’s break of 1.3523 minor resistance suggests that fall from 1.3748 is completed at 1.3356. Intraday bias is back on the upside for 1.3748 resistance first. Read more…
PayPal shares are set to open near the lowest levels since the peak of the 2020 pandemic following a disappointing outlook for near-term revenues and shift in its growth strategy. Updated at 9:35 am EST Read more…