Risk Aversion Continues as Markets Await UK and US Retail Sales
Risk aversion stays in Asia after the -3% crash in Dow overnight. More importantly, treasury yields took another dive on recession fears. US 30-year yield even drops through 2% handle in Asia and hit as low as 1.964. In the...
Crude Oil Price Likely To Accelerate Decline Below $54
Key Highlights Crude oil price is facing a strong resistance near $57.00 against the US dollar. A major bearish trend is forming with resistance near $57.10 on the 4-hours chart of XTI/USD. The US crude oil inventories increased by 1.6...
The stock market’s unusual pattern this week has historically been a big sell signal
Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters The stock market has done something so unusual this week that it has only happened 19 times in the past 30 years,...
Stocks making the biggest moves after hours: Cisco, NetApp and Vipshop
Chuck Robbins, CEO of Cisco Ashlee Espinal | CNBC Check out the companies making headlines after the bell: Cisco fell nearly 8% in after-hours trading after announcing better-than-expected fourth-quarter earnings and weaker-than-expected guidance. The enterprise technology company reported adjusted fourth-quarter...