Oil exports from the United States are increasing, pushing fuel away from storage hubs
Oil exports from the United States are increasing, pushing fuel away from storage hubs Following Russia’s invasion of Ukraine, US oil exports have increased, and barrels of domestic oil that would normally go to the Cushing, Oklahoma, storage center are now being shipped via the Gulf Coast, dealers said. The invasion shook the oil market, […]
The NZD/USD is in command as the US dollar strengthens
The NZD/USD is in command as the US dollar strengthens NZD/USD is trading 0.23 percent down on the day at 0.6944, having fallen from a high of 0.6963. The US dollar is up in the morning after posting its sixth weekly rise in the last seven. The DXY index, which measures the US dollar against […]
As Treasury rates rise, the S&P 500 finishes higher with financials
As Treasury rates rise, the S&P 500 finishes higher with financials The S&P 500 finished higher on Friday as banking stocks rallied following a surge in the benchmark Treasury yield to its highest level in almost three years. The Nasdaq closed down, with tech and other large growth companies mainly falling, but they finished off […]
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price
As the Ukraine war and inflation troubles combine stable yields, the XAU/USD is bracing for a $2,000 price For the third day in a row, gold (XAU/USD) has been in the lead, with bids at $1,963 at press time in Friday’s Asian session. The previous day, amid rising anxiety over the Ukraine-Russia confrontation, the yellow […]
The EUR/USD is once again under pressure as Asia takes over the baton
The EUR/USD is once again under pressure as Asia takes over the baton EUR/USD is down 0.13 percent, having fallen from a top of 1.1013 to a low of 1.0982 thus far. The US dollar rose on Wednesday as oil prices rose again, with US President Joe Biden set to announce more sanctions against Russia […]
Options traders see the stock rally as an opportunity to buy downside protection
Options traders see the stock rally as an opportunity to buy downside protection Risk appetite has returned to Wall Street following a nasty start to the year, but some experts caution that the respite in volatility may be fleeting and encourage investors to be wary of more stock market gyrations. The Cboe Volatility Index, which […]
XAU/USD maintains small advances near $1,925, but lacks follow-through
XAU/USD maintains small advances near $1,925, but lacks follow-through Gold crept up in the early hours of Monday trade, but there was little follow-through purchasing or strong positive confidence. There appears to be no end in sight to Ukraine’s prolonged conflict, which has rejected Russia’s offers to hand up the port city of Mariupol. The […]
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming
USA economy is flexing its might, with unemployment benefit numbers at a 52-year low and industries humming The number of Americans filing new jobless claims declined last week as labour demand remained robust, putting the economy on track for another month of healthy job gains. In early March, unemployment benefit rolls were the fewest in […]
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns
The dollar is nearing a five-year high against the yen ahead of the Fed, while the Australian dollar is weak due to China concerns On Wednesday, the dollar traded near a five-year high against the yen as investors awaited a Federal Reserve policy decision against the backdrop of the Ukraine war and China’s surging COVID-19 […]
The AUD/USD is expected to fall further towards 0.7200 as China and the Fed join the Ukraine-Russia crisis
The AUD/USD is expected to fall further towards 0.7200 as China and the Fed join the Ukraine-Russia crisis As market sentiment deteriorates ahead of Monday’s European session, the AUD/USD reverts to an intraday low around 0.7250, down 0.48 percent on the day. The risk barometer validates the market’s recent pessimism, as well as its apprehension […]
Shares rise as oil prices fall amid optimism about Ukraine’s progress
Shares rise as oil prices fall amid optimism about Ukraine’s progress On Monday, most stock markets rose and oil fell on hopes for progress in Russian-Ukraine peace talks, even as fighting continued, while bond markets braced for rate hikes in the United States and the United Kingdom this week. While Russian missiles struck a large […]
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine
EUR/USD seeks to break a four-week downtrend near 1.1000, with a focus on US data and Ukraine The EUR/USD is licking its wounds after the ECB while making its way to 1.1000, up 0.15 percent intraday during the mid-Asian session on Friday. The pair’s recent movements could be attributed to the market’s uncertainty about the […]
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures
Goldman Sachs and JPMorgan Chase are exiting the Russia business, and EU banks are disclosing additional exposures Goldman Sachs Group Inc and JPMorgan Chase were the first U.S. banks to stop doing business in Russia after it invaded Ukraine, while Credit Suisse said it had 1.6 billion Swiss francs ($1.73 billion) in gross exposure to […]
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce
With peace talks on the horizon, the XAU/USD remains below $2,000 per ounce On Wednesday, gold suffered greatly as risk sentiment improved. After reaching a 19-month high at the start of the week, the precious metal fell back below $2,000 per ounce. Spot gold fell 3.3 percent to $1,976 per ounce, capping a rally that […]
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects
By 2025, Deutsche Bank wants to invest 200 billion euros in sustainable projects By 2025, Deutsche Bank DBKGn.DE intends to invest at least 200 billion euros ($216.8 billion) in so-called sustainable financing and investments, marking the bank’s first public targets in this area. The funds will come from bank loans, bonds made on behalf […]
EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it
EUR/USD is clinging to the precipice of the abyss at 1.0800, with the ECB keeping an eye on it In Asia, the EUR/USD is attempting to correct higher, following the lead from yesterday’s trade, when the price was established just ahead of 1.08, the figure at which it was pinned near a 22-month low. The […]
Tightening financial conditions are a warning sign for the global economy
Tightening financial conditions are a warning sign for the global economy Global financial conditions, which are thought to be strongly correlated with future growth, are at their tightest in two years, owing to rising energy prices, falling stock markets, and market fallout from the Ukraine-Russia conflict. The term “financial conditions” refers to how variables such […]
Gold is surging and breaking records. $2,000/oz
Gold is surging and breaking records. $2,000/oz At the start of the week, the price of gold in fast markets has just surpassed $2,000 per ounce. The catalyst is oil, as well as concerns about global stagflation. Oil prices have increased by 10% on Monday as a result of the threat of a ban on […]