Uranium companies scored a wild rally in the first quarter of the year, but it has been interrupted and some have experienced sizable sell-offs over the past 2 months. Meanwhile, the Joe Biden administration is pushing U.S. lawmakers to pass a $4.3 billion package to purchase enriched uranium from domestic producers in an effort to […]
Commodities
Commodities
Commodities
08
Jun
Jun
Economic Calendar For Today
European stock market set for higher opening API report signals unexpected build in US inventories Second-tier data from Europe Upbeat moods can be spotted on the European futures markets ahead of the cash session launch. Turnaround on Wall Street as well as a solid Asian session set the stage for the higher opening on the […]
06
Jun
Jun
The Morning Brief
Indices from Asia-Pacific traded higher at the start of a new week. Nikkei gained 0.6%, Kospi added 0.4% and indices from China traded up to 2% higher. S&P/ASX 200 was a laggard and dropped 0.5%. DAX futures point to a higher opening of today’s European cash session. Pandemic situation in China continues to improve. Indoor […]
02
Jun
Jun
Taking a Look at Oil
Reuters sources said that Russia may agree for other OPEC+ members to take its share of the quota but such a measure is likely to be phased in gradually. As such, the cartel is likely to stick to its current output increase policy at today’s meeting and not announce a major change to quotas. However, […]
31
May
May
Talking Oil (WTI)
The EU embargo on Russian oil is a big story this morning. Members of the European Union have finally come to an agreement on the shape of the embargo. The EU decided on a ban on Russian seaborne crude imports that account for around two-thirds of total EU imports of Russian oil. An exemption was […]
12
May
May
Good Morning Europe
US indices resumed a drop yesterday with all major Wall Street benchmarks finishing trading significantly lower. S&P 500 dropped 1.65%, Dow Jones moved 1.02% lower and Nasdaq slumped 3.18%. Russell 2000 moved 2.48% lower. Indices from Asia-Pacific followed the US lead and also moved lower. Nikkei and S&P/ASX 200 dropped 1.7%, Kospi moved 1.5% lower […]
11
May
May
Good Morning Traders
US indices finished yesterday’s trading mixed. S&P 500 gained 0.25%, Dow Jones moved 0.26% lower and Nasdaq added 0.98%. Russell 2000 finished flat. Indices from Asia-Pacific traded mostly higher today. Nikkei gains 0.4%, indices from China traded up to 3% higher while Kospi and S&P/ASX 200 finished flat. DAX futures point to a slightly higher […]
10
May
May
Talking Brent
Risk assets like equities, cryptocurrencies or oil plunged yesterday in a broad market sell-off. Policy tightening and global economic slowdown resulting from tight lockdowns in China drove asset prices lower. Situation has calmed down a bit and a small relief rally can be spotted today. Taking a look at Brent chart (OIL) at H4 interval, […]
09
May
May
Talking AUD/USD
The US dollar is continuing its rampaging amid worsening market sentiment. The dollar index jumped above the 104 mark, hitting a fresh 20-year high, as hawkish FED, surging inflation, the war in Ukraine and Chinese lockdowns led investors to dump risky investments and transfer their fund to safe-haven assets. The Australian dollar also fell sharply […]
09
May
May
Good Morning Traders
Indices from Asia-Pacific traded lower today. Nikkei plunged 2.35%, S&P/ASX 200 dropped 1.2% and Kospi moved 1.35% lower. Stock markets in China also moved lower. Hong Kong market is close due to public holiday. • US futures trade below Friday’s cash close. • European futures point to a lower opening of today’s cash session. • […]
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