Crude oil closed at $51.98 last week The price of the March WTI crude oil futures contract settle today at $52.20. That’s down $0.14 or -0.27% on the day. The high price for the day reached $53.25. The low price extended to $51.93 For the week, the price a week ago settled near $52 and
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China’s China’s National Bureau of Statistics (NBS) official survey PMIs Manufacturing 51.3Non-manufacturing 52.4Composite 52.8 prior 55.1 The PMI index of manufacturing sentiment hit a 38-month high of 52.1 in November last year. Its been above 50, and in ‘expansion’ for most of 2020 despite the pandemic impact. China’s policy of “internal circulation” (in a nutshell business
Gold prices were steady on Friday as investors waited for developments around a U.S. stimulus package, although the metal was on course to post a weekly and monthly decline hurt by a stronger dollar. FUNDAMENTALS * Spot gold was unchanged at $1,840.91 per ounce by 0058 GMT. Prices were down 0.6% for the week and
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policy-making meeting on Dec. 16. Text removed from the December statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in
Levi’s clothes are seen on a store shelf in Miami, Florida. Joe Raedle | Getty Images Levi Strauss & Co. reported Wednesday its total holiday-quarter sales dropped 12%, marking an improvement from a more than 20% decline in the prior period, as weak shopper traffic at its stores was partially offset by double-digit growth online.
GBP/USD has slipped back from session highs around 1.3750 and is back under 1.3700. Volumes are now dropping off, however, as the weekend approaches. Liquidity is dropping off and news flow slowing down as a very choppy week draws to a close. GBP/USD is ending the session towards the upper end of this week’s range
When Satoshi Nakamoto released the whitepaper for Bitcoin, his vision was simple: Creating a form of electronic cash that enables payments to be sent without a bank’s involvement. Few could have anticipated how popular the cryptocurrency would end up being — let alone its impressive market cap of $635 billion. But Bitcoin’s success has largely hinged
Up over 60% since Wednesday The Vix or volatility index is trading up at 33.37 after reaching a high of 37.51 earlier in the day. The index has increased some 65% since Wednesday alone. As volatility increases, so too does the Vix index. The volatility in the meme stocks has now rotated into the larger cap
What you need to know The basic playbook for the COVID-19 recovery is that the vaccine will work. However, one aspect you may have in the back of your mind is how effective will the vaccine be against the COVID-19 variants? In this article I will outline the variants and some of the key issues
SINGAPORE: Oil prices were slightly lower in subdued trade on Friday, sticking to ranges seen over the past three weeks, as investors looked for signs of changing supply and demand fundamentals. A cut in Saudi Arabia‘s oil supply and lower U.S. oil stocks helped offset price pressures from fuel demand, which is slowing due to
January ended with an exceptionally volatility week. While GME occupied a lot of headlines, there were other important developments like vaccines, US stimulus, and central bank expectations. Sterling ended as the strongest one with traders paring bets on negative interest rate of BoE. The same went for New Zealand Dollar too, which ended as second
A woman walks past a closed retail store for lease in the midtown area of Manhattan on January 25, 2021 in New York City. Angela Weiss | AFP | Getty Images The number of Americans who filed for unemployment benefits for the first time rose less than expected last week as the Biden administration took
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., arrives for a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Andrew Harrer | Bloomberg | Getty Images Facebook stock was down in after-hours trading on Wednesday after the company reported its fourth-quarter earnings. Here are the numbers: Earnings: $3.88 per
Forex Trading Strategy (Shadow Box) – Beat The Market Maker Home 00:00 Beat The Market Maker 00:50 How to Predict The Direction of Price 05:13 How to Enter Using The Shadow Box 08:30 The Perfect Exit 09:53 The Perfect Stop Loss 11:20 Secret Tip For Success
What are the most profitable ways to trade the forex markets? What are some of the most profitable Forex Trading Strategies In this video, Adam Khoo shows you how he identifies the best forex trade setups daily and shares his forex trading strategies What does it take to be a successful forex trader? In this
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Major US bourses dropped on Friday as investors fret about the fall-out of the recent retail trader induced frenzy on financial stability. The S&P 500 and Dow both erased their gains for the year. It was an ugly finish to the week on Wall Street with all three major indices dropping and no sector spared
Dow industrial average down -2.03%. All 3 of the major indices closed down around 2% on the day. The Dow, S&P, NASDAQ each had their worst week since October. The indices had there worst month since October. The NASDAQ post the 3rd straight monthly gain. The Dow and S&P closed down for the 1st month