WTI Futures Ease after Surging to 6½-Year Peak Near 77.0
WTI crude oil futures surged to its highest level since November 2014 around 77.00 before returning all of today’s gains. The steep rising trend line is holding well as the price has been continuing the aggressive buying interest since May 21 in the medium-term. Looking...
Euro Drops after Germany ZEW, Kiwi and Aussie Maintains Gain
Euro drops broadly today following sharp decline in Germany ZEW economic sentiment. Swiss Franc is following down closely too. On the other hand, New Zealand Dollar remains the strongest on RBNZ rate speculations while Australian Dollar follows as support by...
RBA to Begin QE Tapering in September
As widely anticipated, the RBA announced some changes in the monetary policy. The overall tone of the meeting and the policy statement is upbeat about the economic recovery while cautious over the uncertainty and subdued inflation. Policymakers remain optimistic over...
Warren Buffett-backed BYD sold fewer all-electric cars than before the pandemic
BYD’s Han electric car, pictured here at the 2021 Shanghai auto show, is one of the most popular new energy vehicles in China. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD sold fewer all-electric passenger cars in the first...
Kiwi Surges on RBNZ Hike Talks, Aussie Firm after RBA
New Zealand Dollar is the star winner in Asian session today on RBNZ rate speculations. The Kiwi has taken Aussie higher today, but the latter lost some steam after unsurprising RBA policy decision. Though, Aussie is still maintaining most of...
Market Morning Briefing: Dollar-Yen Has Dipped Below 111
STOCKS Global equities continue to trade mixed and seem to lack strength. However, Sensex and Nifty remain relatively stronger among them and could outperform if they break their immediate resistances. 53000 on Sensex and 15900 on Nifty are important levels...
Pound Calm as UK Services PMI Edges Lower
The British pound has started the week quietly. In the North American session, GBP/USD is trading at 1.3846, down 0.13% on the day. The pound has pushed back into 1.38 territory, on optimism over the economy’s reopening optimism and PMI...
Canadian Dollar Gives Up Some NFP Gains
The Canadian dollar has started the week with losses. In the North American session, USD/CAD is trading at 1.2457, up 0.31% on the day. The US dollar ended the week on a downturn against most of the majors. The Canadian...
US 500 Index at Fresh Top of 4,355; Upside Risks Look Sturdy
The US 500 stock index (Cash) is consolidating in the vicinity of the 4,350 level, after spiking to a new all-time high of 4,355, the former being the 150.0% Fibonacci extension of the down leg from 4,244 until 4,034. The...
Apollo mulls bid for British supermarket chain, taking on SoftBank-backed Fortress
NEWPORT, WALES, UNITED KINGDOM – 2021/01/09: A shopper seen pushing her groceries outside Morrisons supermarket in Wales. May James/SOPA Images/LightRocket via Getty Image WM Morrison, Britain’s fourth-largest supermarket chain, could be about to become the target of an international bidding...
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