Oil Looks To OPEC For Direction
When: Thursday 29th March Oil prices were on a roller-coaster ride across the previous week, with swings on two consecutive days of 6%, as the bears and bulls tussled over demand concerns, amid rising covid cases, and supply issues amid the...
How Goldman and Morgan Stanley avoided losses after fund meltdown burned Nomura, Credit Suisse
People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, March 19, 2021. Brendan McDermid | Reuters When investors are stampeding for the exits, it pays to be first out the door. That’s...
Fed’s Waller says the central bank isn’t keeping rates low to finance government debt
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images The Federal Reserve...
Silver Unfollows Gold: Where Next?
Historically, gold and silver tend to be highly correlated assets, but their strong positive relationship slightly relaxed in the first quarter of the year, making investors wonder whether this deviation could be something more than temporary in the coming years....
XAU/USD Outlook: Gold Drops 1% as Stronger Dollar and Economic Recovery Hopes Dent Demand
Spot gold accelerated lower on Monday, losing around 1% in early US trading, as demand for safe-haven yellow metal was hit by stronger dollar and rising hopes for fast global economic recovery. Fresh weakness generated strong bearish signal on break...
Sterling Rises in Quiet Markets, Lifted by Buying Against Euro and Franc
Sterling trades generally higher today, with much help from buying in crosses against Euro and Swiss Franc. Australian and New Zealand Dollar are also firmer even though overall market sentiments are mixed. Canadian Dollar, on the other hand, remains a...
Stocks making the biggest moves in the premarket: Goldman Sachs, Credit Suisse, Nomura & more
Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge of the situation told CNBC...
Gold Tiptoes Sideways As Positive Impetus Fades
Gold is currently tiptoeing sideways after its recent bounce off the critical support base of 1,660-1,682, where it produced a nine-month low of 1,676. The falling 50- and 100-day simple moving averages (SMAs) are safeguarding the short-term bearish picture and...
European Open: Brent And WTI Are Lower As Ever Given’ Is Refloated
Whilst the refloating of the large cargo has weighed on oil prices overnight, it remains unclear how quickly the Suez Canal will be reopened and fully operational. Asian Indices: Australia’s ASX 200 index fell by -8.2 points (-0.12%) to close...
Canadian Dollar Mildly Lower in Quiet Markets, Following Oil Retreat
The markets open a holiday-shortened week in a quiet note. Canadian Dollar is trading mildly lower, following retreat in oil prices. The giant container that blocks the Suez Canal, Ever Given, is finally starting to refloat, partly thanks to higher-than-usual...
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