Gold prices inched up after recent losses on Monday, remaining under pressure as fears of a looming interest rate hike by the Federal Reserve dented appetite for the yellow metal, as did a recent spike in Treasury yields. Bullion prices marked two straight weeks of losses as hawkish comments from Fed officials and some stronger-than-expected […]
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24
Apr
Apr
Commodities Forex Freight Management Futures Geopolitical Industry News Latest News Middle East Our Blog
Oil prices fall 1% on uncertainty over global outlook, rate hikes
(Reuters) -Oil prices fell more than 1% on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 91 cents, or 1.11%, to $80.75 a barrel by 0627 GMT, while U.S. West Texas Intermediate crude […]
24
Apr
Apr
Chart of The Day
This week will see a lot of interesting releases, especially the second half of it. Traders will be offered Q1 GDP data from the United States and Germany as well as Bank of Japan decision and flash CPI data for April from Europe. Stock traders will also have a lot of information to digest as […]
24
Apr
Apr
DAX30 Unchanged After German IFO Meets Estimates
German IFO indices for April were released this morning at 9:00 am BST. Data was expected to show a slight improvement compared to March readings. Actual data came in slightly better than expected. Headline business climate index moved from 93.3 to 93.6 (exp. 93.4) while expectations subindex jumped from 91.2 to 92.2 pts. On the […]
24
Apr
Apr
Survey Data From Europe And United States Ahead
European index futures trade slightly lower ahead of the cash session opening. This comes after a rather downbeat Asian session that saw indices from South Korea and China drop hard and other regional indices trade flat. USD has been one of G10 top performers throughout Asian trading hours but started to gave back gains as […]
22
Apr
Apr
Bitcoin Struggling at $28k
Cryptocurrencies are losing ground against higher chances of a Fed rate hike, a stronger dollar, and regulatory risk. Bitcoin has lost for the third day in a row. According to Coinglas data, leveraged positions worth nearly $160 million were liquidated in the past day, of which 80% were bullish bets. The value of liquidated positions […]
22
Apr
Apr
Protecter & Gamble (PG.US) shares up more than 4%
Procter & Gamble, the world’s largest producer of household goods, has increased prices for its consumer products faster than its own expenses, resulting in a boost in profit margins for the first time in two years. Also due to higher prices and a slightly higher demand for some products, the company raised its sales projection […]
21
Apr
Apr
Flash PMI’s in The Spotlight Today
European stock market indices launched today’s cash trading session slightly lower. This comes after a downbeat trading on Wall Street yesterday and a bearish Asian session earlier today. USD caught a bid in the morning – EURUSD dropped back below 1.0950 mark while GBPUSD is testing 1.2400 area. USD strengthening is putting pressure on commodity […]
20
Apr
Apr
Tesla Drops 10%
Share price of Tesla (TSLA.US) is under pressure today following release of a lackluster earnings report for Q1 2023. Company reported an over-20% drop in profit compared to a year ago quarter as underutilization of new factories and higher costs put pressure on margins. Stock launched today’s cash trading almost 7% below yesterday’s cash close. However, […]
20
Apr
Apr
Commodities Forex Freight Management Futures Geopolitical index Industry News Latest News Middle East Our Blog
WTI looks to Close OPEC+ Output Cut Gap
🔽 OIL.WTI is pulling back and looks to close bullish price gap Oil prices are pulling back and are one their way to close the bullish price gap that was triggered by unexpected OPEC+ decision to cut output. Taking a look at WTI (OIL.WTI) at D1 interval, we can see that the recent price advance […]