Dollar’s rebound stalled once again quickly, as risk markets appear to have stabilized. Overall, Swiss Franc is following the greenback as the second strongest for the week so far, then Canadian. Yen is the worst performer, followed by Aussie and Kiwi. Euro and Sterling are mixed with Sterling having an upper hand. Canadian retail sales
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Here is what you need to know on Tuesday, November 22: Equity markets continue to slide lower as news flow is light in a shortened week. At least The Wall Street Journal provided some volatility as a report it carried caused oil to collapse 5% before Saudi Arabia denied any planned OPEC increases. That saw
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WTI crude oil is settling at $79.73. That’s down $0.35 or -0.44% on the day. The price low reached reached $75.27 which was $0.08 below the closing level from 2021 at $75.35. The fall lower was helped by a newswire headline that OPEC+ was mulling a 500K production increase at their next December 4 meeting.
The greenback was the best performing major currency yesterday as it continued its recovery path from the latter stages of last week. That saw a turnaround in near-term sentiment for some dollar pairs but traders are still looking rather tentative for now. The dollar is slightly on the backfoot today, with broader market sentiment also
In this article ZM Follow your favorite stocksCREATE FREE ACCOUNT Eric Yuan, CEO, Zoom Video Communications Source: CNBC Zoom shares slumped more than 7% in extended trading on Monday after the video-chat company issued weaker-than-expected revenue guidance for its full fiscal year. Here’s how the company did: related investing news What Cramer is watching Monday
The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds. According to Etherscan data, between 4:11 to 4:17 pm UTC on November 21, the attacker moved a total of 180,000 Ether (ETH) across 12 newly created wallets — each receiving
Oil prices dropped to their lowest since early January on Monday after the Wall Street Journal reported that Saudi Arabia and other OPEC oil producers are discussing an output increase. Brent crude futures for January had slipped $4.07, or 4.7%, to $83.55 a barrel by 1518 GMT. U.S. West Texas Intermediate (WTI) crude futures for
Dollar’s broad based rebound continues into early US session, as support by recovery in yields. While overall markets are trading in mild risk-off mode, there isn’t much follow through selling in European stocks and US futures. The greenback’s rally could be killed off quickly if risk sentiment turns. But for now, Dollar is the strongest
GBP/JPY is aiming to smash a two-week high around 169.00 as the risk-off profile is losing traction. UK’s novel leadership is being criticized for ignoring economic prospects. Japan’s Kishida is thinking of reshuffling the Cabinet by year-end. The GBP/JPY pair has extended its recovery and is looking to shift its business above the 168.00 hurdle
S&P trades lower today. The S&P index has trading to a new session low, after a move into positive territory failed. The low reached 3940.99. The price is rebounding modestly to 3943 currently. The index is down -0.57%. Looking at the daily chart, the low last week in the S&P index reached 3906.54. At the
The USDCAD moved higher earlier in the session supported by the story that OPEC+ was mulling a 500K barrel per day production increase (see earlier post here). That pushed the price to the low of a defined swing area between 1.3494 and 1.3510, helped by the tumble in oil which saw the price test the
Goldman Sachs on Sunday cut its fourth-quarter Brent oil price forecasts by $10 to $100 a barrel, citing factors including a likely hit to consumption from China‘s COVID case spike. But the investment bank said that the China concerns were “another speed bump on the road higher,” since the major consumer has indicated that this
Dollar opened the week broadly higher, following last week’s late recovery. Swiss Franc also picks up some buying, especially against Euro and Sterling. Commodity currencies are mixed for now, with Canadian Dollar having an upper hand. Yen is also mixed as corrective trading continues. The week is relatively light with holidays. But there are still
EUR/USD remains capped as expected below the 200-Day Moving Average on a closing basis, currently seen at 1.0409. Analysts at Credit Suisse see scope for a deeper setback to the 38.2% retracement of the rally from September at 1.0120. Resistance at 1.0409 is expected to cap for now “EUR/USD remains capped as expected by key
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