By Alex Lawler and Rania El Gamal LONDON/DUBAI: Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as US President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping bring about a record oil output cut.
Month: November 2020
Politics aside, stock investors were the biggest winners of US presidential elections, while Dollar holders were the losers. The greenback ended as the worst performing one, followed by Yen by a wide margin. Australian Dollar shrugged of RBA easing and ended as the strongest, leading other commodity currencies. European majors were mixed, with Sterling as
A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts on Wednesday, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images The U.S. economy, which has shown signs of recovering, could see its prospects turn given the intensifying spread of Covid-19 in the
SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to fly two more test spaceflights to finish its development program. “During the quarter we made good progress completing the final steps to
A wedge pattern on the 4-hour chart hints at a potential reversal to 1,900. Gold sends mixed signals ahead of the new week’s trading; a rally to 2,000 is possible. Gold spiked significantly this week and brushed shoulders with 1,960. The instability witnessed in the stock market saw the precious metal used as a hedging
In 2017, when everything concerned with cryptocurrency and blockchain still looked fresh and interesting, it seemed that there would be no day without a new “revolutionary” project or idea. Decentralized financial system, decentralized torrent tracker, decentralized office documentation system. Decentralized, decentralized, decentralized. The overuse of terms like “transparent,” “distributed” and “blockchain-based” soon made most press
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WTI crude oil futures settle down $1.65 or -4.25% WTI crude oil futures are settling at $37.14. That is down $-1.65 or -4.25%. The high price today reached $38.61 the low price extended to $37.06 Technically, the price has been moved back toward the swing low and retracement area between $36.93 and $37.11. Next week
AP have called the win for Biden: Also declares Biden has won Pennsylvania Joining in on pronouncing the inevitable, NBC and CNN have also both projected Biden has won the US presidency. Edison Research also. Fox says it has still not made a final call. Which is slow for them, they were leaders on election
By Ravindra RaoKotak Securities Gold MCX gold price witnessed a triangle breakout indicating a bullish trend. Upside momentum could continue for the targets of Rs 52,500 followed by Rs 52,800 levels ,while support holds around Rs 51,450 (swing high turned as demand zone). Relative strength index (RSI) is above 60, suggesting the bulls are in
The latest CFTC Commitments of Traders report covered the period just before the US presidential election. During the week, bets on US futures slipped on both sides amidst the highly uncertain election outcome. With Joe Biden on the way to become the next president, risk appetite has increased significantly. We expect to see USD index
Employment growth was better than expected in October and the unemployment rate feel sharply even as the U.S. faces the challenge of surging coronavirus cases and the impact they could have on the nascent economic recovery. The Labor Department reported Friday that nonfarm payrolls increased by 638,000 and the unemployment rate was at 6.9%. Economists
Richard ‘Rich’ Barton, co-founder and CEO of Zillow Inc. Andrew Harrer | Bloomberg | Getty Images Zillow shares climbed more than 8% in extended trading on Thursday after the digital real estate company reported third-quarter estimates that blew past analysts estimates and offered a better-than-expected forecast for the fourth quarter. A combination of record low
Joe Biden has been elected the 46th President of the United States according to Fox News, AP, ABC, NBC, and CNN. The former Vice-President has pulled ahead in Pennsylvania. The latest batch of votes from the Keystone State put Biden ahead by around 34,000 votes ahead of President Donald Trump. Here is the official post
The 100/200 day MA stalled the rally on Wednesday. Nevertheless, a Trump victory would hurt the MXN (he is just a hibernating bear). A Biden victory would conversely be more positive for the MXN (weaker USDMXN), even if it is only the relief that bear has left the neighborhood. Also the post, a move to the upside would target the 100 and
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do
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