Oil prices starting to fall as EU tries for Russia import ban
Oil prices starting to fall as EU tries for Russia import ban Oil prices fell in early Asian trade on Tuesday as the European Union’s efforts to establish a ban on Russian oil imports, which would reduce global supply, were met with opposition from Hungary. At 0004 GMT, Brent crude prices were down 35 cents, […]
Global stock markets are falling as inflation and economic concerns remain
Global stock markets are falling as inflation and economic concerns remain On Thursday, global shares slumped to an 18-month low, as investors worried that rising inflation would endure, forcing central banks to continue tightening monetary policy. Stocks in the United States closed a choppy session marginally down, as investors juggled concerns over lingering inflation with […]
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics
NASDAQ is down more than 3% as investors are disappointed by US inflation statistics After U.S. inflation statistics failed to ease investor concerns about interest rates and the economy, US equities closed substantially lower on Wednesday, with the NASDAQ plunging more than 3% and the Dow plummeting for the fifth day in a row. The […]
Dow falls for the fourth day in a row
Dow falls for the fourth day in a row On Tuesday, the market fluctuated between gains and losses as concerns about inflation, interest rates, and the economy weighed on investors. The NASDAQ Composite, which is heavily weighted in technology, was up 2.8 percent at one point. Stocks had virtually lost those gains by late morning, […]
Supply fears continue, oil prices climb, despite stock market declines
Supply fears continue, oil prices climb, despite stock market declines Crude prices rose for the third day in a row on Friday, shrugging aside concerns about global economic growth as fears about tighter supply supported prices ahead of an imminent European Union ban on Russian oil. Brent futures were up 84 cents, or 0.8 percent, […]
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules
Opec+ expects a minor increase in oil production as demand dented by China Covid-19 rules Opec+ members are anticipated to agree on a small rise in oil output on Thursday (May 5), boosted by threats to demand due to coronavirus restrictions in China. Russia’s invasion of Ukraine has further heightened supply fears, which have been […]
Gold falls as rates rise ahead of the Fed’s rate hike decision
Gold falls as rates rise ahead of the Fed’s rate hike decision Gold prices dropped on Wednesday as increased US Treasury rates and the Federal Reserve’s anticipated interest rate rise announcement dampened demand for zero-yield metal. As of 0217 GMT, spot gold was down 0.3 percent at $1,862.48 per ounce. Gold futures in the United […]
Gold Price is trading closeness to new three-month lows
Gold Price is trading closeness to new three-month lows Gold Price is trading closeness to new three-month lows simply above $1,850, as sellers stay in control regardless of the expansive pullback in the US dollar from long term tops. The US Treasury yields settle at the most significant level in over three-year, keeping the drawback […]
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3%
Wall Street falls as the Fed’s attention shifts, and 10-year Treasuries surpass 3% Wall Street’s main indexes fell on Monday, giving up early gains in tragic trade, as investors became more cautious ahead of this week’s Federal Reserve meeting, when officials are largely anticipated to hike interest rates. In addition to the weakening in […]
Upcoming Market Updates
Upcoming Market Updates : AUD,JPY,CHF,EUR,USD Time 01:30 AM GMT+3 AUD: AIG Manufacturing Index, it measures level of a diffusion index based on surveyed manufacturers. Time 03:30 AM GMT+3 JYP: Final Manufacturing PMI, it measures level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. Time 04:00 AM GMT+3 AUD: MI […]
Could eBay’s fortunes shift on a dime as a result of Amazon’s poor performance?
Could Amazon’s bad performance cause eBay’s stocks to turn on a dime? Amazon’s (AMZN) first-quarter earnings miss and weaker-than-expected second-quarter outlook, released after the market closed on Thursday, could present an attractive investment opportunity in another retailer. I’m looking at eBay (EBAY) in particular. AMZN shares were down roughly 8.5 percent and eBay’s stocks […]
Oil prices are falling as China’s economic slowdown has a negative impact on demand
Oil prices are falling as China’s economic slowdown has a negative impact on demand Oil prices fell on Friday as China’s COVID-19 lockdowns weighed on the outlook for petroleum demand; though supply disruption fears fueled by Western sanctions limiting Russia’s crude and product exports. By 0040 GMT, Brent crude futures had fallen 4 cents to […]
Wall Street closes strongly higher, with Meta and Apple leading the way
Wall Street closes strongly higher, with Meta and Apple leading the way On Thursday, Wall Street finished substantially higher. Meta Platforms released a good quarterly report and growth sectors and easing concerns about the US economy’s first-quarter loss. The parent company of Facebook jumped 17.6% as the social network posted higher-than-expected earnings and returned from […]
Gold is expected to dropped low further due to rise in Euro region yields
Gold is expected to dropped low further due to rise in Euro region yields. As per analysis, XAUUSD went under some restored selling tension on Friday and dropped to an almost fourteen day low, around the $1,930 locale during the primary half o the European session. The discourse from Fed chair Jerome Powell at an […]
TECHNICAL OVERVIEW
TECHNICAL OVERVIEW EUR/USD EUR/USD recently broke the level of 1.22. trending upwards. The currency pair is moving towards the support zone of 1.21500 and the next resistance zone is at 1.23200. Look for buying opportunities for the pair if it bounces up the support zone of 1.21500. the previous day, mainly on US Dollar, rebound […]
Quick Perspective for the Day
Quick Perspective for the Day The main highlight will be the Central Bank watch Global yields have dropped along with commodity prices, restraining the trio of Australian, Canadian, and New Zealand Dollars At most a hawkish tone concerning the housing market, the May RBNZ meeting is unlikely to produce any meaningful changes. There is […]
Market update for today
Market update for today EUR/USD The market opening gave a slow start for EURUSD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, a break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In corresponding scenario, […]
Currency Pairs Analysis
Currency Pairs Analysis EUR/USD The market opening gave a slow start for EUR/USD to open below 1.2200, speaking the trend for today. further rise is expected with the 1.2050 support intact. watching the sluggish upside movement, the break of 1.2244 will resume the rise from 1.1703 to retest 1.2348 high. In the corresponding scenario, […]