Tag: trading

May 31, 2023

Gold rose on Tuesday, tracking the decline in US Treasury yields after a deal in Washington to raise the government’s debt ceiling, potentially averting a catastrophic government default. But is the short-term downtrend in the yellow metal over? Yields on […]

May 31, 2023

The UK government has pledged to decarbonise the country’s electricity grid by 2035, a target it must hit in order to reach net zero by 2050. However, according to research by the House of Commons, the UK currently lags behind […]

May 19, 2023

Wall Street pointed toward gains before the bell Friday, potentially setting up markets for their best week since March as optimism about a U.S. debt ceiling deal grew heading into the weekend. Futures for the Dow Jones industrials and S&P […]

May 10, 2023

Federal Reserve officials were already leaning toward taking a summer vacation from interest rate increases to see if they have done enough to slow the economy and inflation. Wednesday’s inflation report makes that easier because it showed price pressures aren’t […]

May 9, 2023

Stocks are slipping on Wall Street Tuesday following some mixed earnings reports. Several beaten-down banks are also dropping more after a brief respite from a brutal run. The S&P 500 was 0.3% lower in early trading. The Dow Jones Industrial […]

May 2, 2023

Canvas has consistently grown over the past 10 years, with the LMS now being used by more than one-third of higher education institutions in the U.S. and Canada, according to an annual analysis from market research and consulting firm Phil […]

May 2, 2023

Ford topped analysts’ expectations on the top and bottom lines, according to Refinitiv. However, the firm reiterated its prior full-year guidance of adjusted earnings between $9 billion and $11 billion, as well as about $6 billion in adjusted free cash […]

May 1, 2023

The latest historic U.S. banking failure made few waves in markets, and stocks drifted Monday as Wall Street braces for what it hopes will be the last hike to interest rates for a long time. The S&P 500 was virtually […]

April 28, 2023

Wall Street closed out a winning April with gains Friday after more companies said their profits at the start of the year weren’t as bad as expected. The S&P 500 rose 34.13, or 0.8%, to 4,169.48. Despite some sharp swings […]

April 27, 2023

Wall Street is rising Thursday after Meta Platforms became the latest Big Tech company to blow past profit expectations and reports painted a mixed picture of the U.S. economy. The S&P 500 was 0.7% higher in early trading and on […]

April 26, 2023

The anti-risk US Dollar and Japanese Yen outperformed their major counterparts on Tuesday amid a spike in financial market volatility as investors turned risk-averse and sought shelter. On Wall Street, the Dow Jones, S&P 500 and Nasdaq Composite sank -1%, […]

April 26, 2023

The downward pressure in crude oil and natural gas has abated somewhat recently, but both need to clear important resistance levels for the outlook to turn constructive. Crude Oil: Bullish gap is still in place Crude oil has retreated from […]

April 25, 2023

US banks are getting increasingly stressed about tumbling commercial real-estate valuations and what that means for their balance sheets, top executives have said, per the Financial Times. Arkansas-based Bank OZK, with a sizable exposure to the sector, reported it had […]

April 25, 2023

The Gold price rallied higher in Asian trade with a retest of the $2000 which remains a magnet for price of late. The European session has seen some bids for the dollar index (DXY) materialize, helping gold retreat toward the […]

April 24, 2023

Global stocks and Wall Street futures declined Monday ahead of a U.S. economic update that is expected to show growth slowing. London and Frankfurt opened lower. Shanghai and Hong Kong declined while Tokyo advanced. Oil prices fell. Wall Street’s benchmark […]

April 24, 2023

The British pound remains resilient against the USD on Monday morning in what is scheduled to be a quiet week in terms of UK data. A quick recap last week revealed higher inflationary pressures, marginal improvements on retail sales and […]

April 21, 2023

The Dollar Index (DXY) has managed to trade marginally higher this Friday morning as we enter the European session. In what has been a muted Asian session, the greenback has found support from hawkish Fed speak last night. The Fed’s […]

April 21, 2023

UK PMI data from S&P Global/CIPS revealed the same uneven growth seen in the EU report as services continue to excel while the manufacturing sector witnesses a further contraction. A global growth slowdown coupled with the hottest inflation in western […]

April 20, 2023

Stocks are closing lower on Wall Street Thursday, pulled down by big losses for Tesla and AT&T and signals that the U.S. economy may be slowing. The S&P 500 fell 0.6% and is headed for a weekly loss. Tesla weighed […]

April 20, 2023

Oil continues to selloff after posting the monthly high last week of around $83.53 when looking at the continuous futures chart (CL1!) as a relatively stronger dollar and global demand concerns weigh on the energy commodity. The calm witnessed in […]