WTI Futures Lacks Direction After The Jump To Almost 5-Month High
WTI crude oil futures have been on a sideline move after they reached an almost five-month peak around 42.50 in the preceding week. The price is flirting with the upper surface of the Ichimoku cloud and the short-term simple moving averages (SMAs)...
Dollar in Recovery as Markets Digests Recent Losses, Weak Momentum Though
Dollar recovers mildly today as markets start to digest recent broad-based losses. Gold and silver are also in retreats after initial spikes. But the movements are so far rather limited. While some consolidations might be seen, there is no sign...
What European banks need before mergers can save them
European banks must revolutionise their business models – even the European Central Bank recognises this now. In new draft guidance, the ECB signals it won’t stand in the way of mergers, including cross-border deals in the EU. This is at...
Foolish for investors to ignore both market positives and negatives, all-star investor Rich Bernstein says
While lawmakers go back to work on a second coronavirus relief package, Institutional Investor Hall of Famer Richard Bernstein is building strategies to cope with a more contentious market environment. Bernstein, who has spent decades on Wall Street, expects the recovery...
Australian CPI and China PMIs Could Add Optimism for More Gains in Aussie
As markets deal with the real threat of surging coronavirus cases, the risk-sensitive Australian dollar will be looking at several indicators coming out this week and the following Monday out of Australia and China. The Australian inflation report is due on Wednesday at 0430 GMT, while China’s NBS...
Currency Pair of the Week: USD/JPY
Its been a while since we have discussed USD/JPY, and for good reason. With the arrival of the coronavirus pandemic back in March, USD/JPY has been neutralized by central banks as the US has brought interest rates to zero and...
U.S. manufacturing sector regaining momentum, but surging virus cases threaten recovery
Household appliances are offered for sale at Home Depot in Chicago, Illinois. Getty Images New orders for key U.S.-made capital goods increased by the most in nearly two years in June and shipments accelerated, but the gains were likely insufficient...
Gold’s Record-Breaking Rally, Stocks Modest Rebound, Oil Stronger on Weaker Dollar
US stocks are rebounding as investors shrug off virus worries and remain focused with the prospect of at least a $1 trillion fiscal stimulus deal this week, high hopes the Fed will show they will provide longer-run accommodation, and ahead...
Euro Power Continues While Gold Extends Record Run
The powerful rallies in Euro and Gold remain the dominate theme for today as traders seems to be focusing on the worsening US-China relations as well as second wave of coronavirus infections in the US and Asia. Swiss franc tumbles...
U.S. core capital goods orders beat expectations in June
Household appliances are offered for sale at Home Depot in Chicago, Illinois. Getty Images U.S. orders for long-lasting factory goods were expected to rise by 7.2% in June, after jumping 15.7% a month earlier. This is a breaking news story....
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