Softer-than-expected US CPI report released yesterday triggered a slump in the US dollar and a rally on equity markets. While those moves have been mostly reversed later on, USD has again seen some weakness today with EURUSD delivering a clear break above the 1.10 mark. Weakening of the US dollar is also providing support for […]
Latest News
Latest News
Latest News
13
Apr
Apr
LVMH Supports Sentiment in The Luxury Goods Sector
Moët Hennessy Louis Vuitton (MC.FR) is fueling bullish sentiment across the global luxury goods sector following the release of very strong Q1 2023 results. The start of the year, despite the tough overall market conditions, failed to derail the company’s momentum as it published significantly better-than-expected quarterly results. The main supportive factor is, of course, the […]
13
Apr
Apr
Chart of The Day (NATGAS)
US natural gas prices took a hit yesterday as analysts mounted their calls that the end of the heating season in the United States is near. While recent weather forecasts pointed to a period of below-average temperatures, average temperatures in this period of the year are usually high enough for demand for heating to drop […]
13
Apr
Apr
US PPI Inflation And Jobless Claims Data Ahead
Futures markets point to a more or less flat opening of today’s cash session for major stock market indices from Europe. This comes after a rather downbeat Asian session, where the majority of regional indices traded lower. AUD is the best performing major currency following better-than-expected jobs data for March. GBP lost some ground after […]
13
Apr
Apr
Commodities Conflict Economic News Forex Freight Management Futures Geopolitical Industry News Latest News Our Blog
NATGAS Drops 6% as Heating Season Nears End
Analysts expect the heating season in the United States to end soon, even as temperatures forecasted for the near-term do not deviate much from averages for the current period of the year. On the other hand, average temperatures in this period are usually high enough for demand for heating to drop significantly, and therefore for […]
13
Apr
Apr
Bitcoin’s Story is ‘Strong and Positive’ Says Galaxy Digital Global Head
The Global Head of Trading at Galaxy Digital, Jason Urban believes that the story for crypto is strong and will continue to be positive. Urban made the statement while explaining the reasons behind the current resurgence in Bitcoin and the rest of the cryptocurrency market. In an interview show with Bloomberg at the “Hong Kong […]
13
Apr
Apr
Central Banks Commodities Economic News Forex Freight Management Futures Geopolitical Industry News Latest News Middle East
Oil falls as investors worry over recession fears
SINGAPORE (Reuters) -Oil prices retreated on Thursday after rising for two sessions, with investors still showing lingering concern over a possible U.S. recession and weaker oil demand. Brent crude fell 20 cents, or 0.2%, to $87.13 a barrel by 0352 GMT, while U.S. West Texas Intermediate slid 15 cents, or 0.2%, to $83.11. Both benchmarks rose […]
13
Apr
Apr
Gold pushes higher as inflation eases, recession fears rise
Gold prices rose in Asian trade on Thursday as softer-than-expected U.S. inflation data spurred bets on an early rate-hike pause by the Federal Reserve, while growing fears of a recession also supported safe haven buying. The yellow metal pushed further above the $2,000 mark this week, and was now about $50 away from a 2020 […]
13
Apr
Apr
Alibaba shares plunge on SoftBank’s stake sale report
TOKYO (Reuters) -Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in Alibaba (NYSE:BABA) Group Holding Ltd, the Financial Times reported, sending the Chinese e-commerce major’s stock tumbling. The sale would come as valuations of China’s big tech firms have started recovering this year after an end to two years […]
13
Apr
Apr
The Morning Wrap
AUDUSD jumped following solid jobs data for March from Australia. However, bulls failed to sustain a break above the 0.6710 price zone and a return below this area can be observed at press time. Source: xStation5