Oil prices fell on Thursday as caution over macroeconomic activity weighed against output cuts and geopolitical tensions. Brent futures for June fell by 43 cents, or 0.5%, to $88.92 a barrel by 12:15 p.m. EDT (1615 GMT). U.S. West Texas Intermediate (WTI) futures for May fell by 57 cents, or 0.7% to $84.86 a barrel.
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Swiss Franc faced broad selling pressure in European session, driven by CPI lower than CPI data. Inflation in Switzerland slowed to its lowest since September 2021 at 1.0%, and remained within the SNB’s target range for the tenth consecutive month. This development sparked speculation among market participants about the possibility of further monetary easing by
A money changer holds Turkish lira and U.S. dollar banknotes at a currency exchange office in Ankara, Turkey December 16, 2021. Cagla Gurdogan | Reuters Turkey’s annual inflation rose to 68.5% for the month of March, an increase on February’s 67.1% inflation read, according to the Turkish Statistical Institute’s report released Wednesday. The monthly rise
Charles McManus, CEO of ClearBank, speaks at the Innovate Finance Global Summit in April 2023. Chris Ratcliffe | Bloomberg | Getty Images ClearBank, a British financial technology firm powering payments for the likes of Coinbase, scored its first full year of profit after higher interest rates helped drive a 91% jump in revenues. The firm
Here is what you need to know on Thursday, April 4: The US Dollar (USD) came under renewed selling pressure on Wednesday and the USD Index closed the second consecutive day in negative territory. S&P Global will release revisions to Services PMI data for Germany, the Eurozone and the UK on Thursday. Later in the
Crude oil futures are settling at $85.43. That is up $0.28 or 0.33%. The high price for the day reached $86.20. The low price was at $84.85. The weekly inventory data showed that crude oil stocks showed a build of 3.210 million barrels. The expectations was for a draw of -1.511 million barrels. Gasoline stocks
Below is a list of the implied volatility daily ranges for various assets. These levels are based on 1-month implied volatility and can be used as dynamic and market-based levels of support and resistance. Implied volatility suggests that if prices were normally distributed, there’s approximately: A 68.2% chance that future price movements will stay within
Gold hit yet another lifetime high in the opening trade on Thursday taking cues from the international commodity prices. US Fed chair Gerome Powell’s statement that the recent job numbers and higher-than-expected inflation readings do not significantly alter the central bank’s monetary strategy, lifted the investor mood for bullion triggering a fresh wave of buying
Dollar was sold off overnight after weaker than expected ISM Services data, and the weakness persisted following comments from Fed Chair Jerome Powell. Powell downplayed the significance of recent robust labor and inflation figures, suggesting them as fluctuations in “bumpy road” of moderating demand and inflation. This narrative reinforces the market’s anticipation that Fed is
Two women hold an umbrella while sitting at an outdoor table of a cafe on April 01, 2024 in Rome, Italy. Emanuele Cremaschi | Getty Images News | Getty Images Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published by the European Union’s statistics agency Wednesday, boosting expectations for
Levi’s clothing is displayed at a Kohl’s store on April 06, 2023 in San Rafael, California. Justin Sullivan | Getty Images Levi Strauss, which has long relied on wholesalers like Macy’s and Kohl’s to drive its business, is now doing nearly half of its sales through its own website and stores, the company said Wednesday
Dow Jones gives away initial gains as investors digest Powell, US services data. US Services activity softened against expectations in March with the Prices Paid sub-index posting its lowest reading in years. Intel is leading losses in the Dow Jones after news of hefty losses in its foundry business. The Dow Jones Industrial Average (DJIA) has returned
In this video, I take a detailed look at the levels in play for the USDJPY as we look toward the US close and the start of the new trading day. On the top side there is a strong ceiling in place between 151.91 and 151.97. On the downside, there is support against the 100
The major US stock indices are closing mixed. The Dow industrial averages lower. The broader S&P and NASDAQ indices are up modestly. The final numbers are showing: Dow Industrial Average -43.23 points or 0.31% S&P index of 5.78 points or 0.11% at 5211.59 NASDAQ index up 37.01 points or 0.23% at 16277.46 The small-cap Russell
Oil prices extended gains on Wednesday as investors worried about supply disruptions from a worsening geopolitical landscape, although a surprise jump in U.S. crude oil inventories eased some of those concerns. Brent crude futures rose 84 cents, or 0.9%, to $89.76 a barrel by 11:38 a.m. ET (1538 GMT). U.S. West Texas Intermediate futures rose
The forex markets showed rather muted response to the latest batch of economic data released today. Euro has continued its near-term recovery, unaffected by Eurozone’s lower than expected CPI flash data coming. This lack of response likely stems from the understanding that a slight miss in CPI figures does not significantly alter ECB plans for
Flat Rock, North Carolina, parked tractor trailer billboard with now hiring, Ingles supermarket. Jeff Greenberg | Universal Images Group | Getty Images Private sector job growth expanded in March at its fastest pace since July 2023, indicating continuing buoyance in the U.S. labor market, payrolls processing firm ADP reported Wednesday. Companies added 184,000 workers on
EUR/USD is rebounding from intraday-chart oversold lows. Eurozone inflation data on Wednesday could impact interest-rate expectations and the exchange rate. The recovery could rise a little further but the short-term trend remains bearish. EUR/USD is edging higher on Wednesday, making it back into the 1.0770s and extending the previous day’s rebound from six-week lows. It