Yesterday saw many major altcoins rally to their yearly highs, with Ether (ETH) surging past $400, which I expected was a likely scenario in my last article two weeks ago. In addition, XRP also had a bumper day exceeding $0.32 while momentarily outperforming Bitcoin as expected in my July 1 article. However, Bitcoin showed its
Weekly FX speculative positioning data from the CFTC EUR long 157K vs 125K long last week. Longs increased by 32K GBP short 25K vs 15K short last week. Shorts increased by 10K JPY long 29K vs 19K long last week. Longs increased by 10K CHF long 8K vs 7K long last week. Longs increase by
NEW YORK: Oil prices rose on Friday and were on track for monthly gains, benefiting from news that U.S. oil output cuts in May were the largest on record. Brent crude LCOc1 settled up 37 cents, or 0.9%, at $43.31 a barrel. US. crude CLc1 was up 35 cents, or 0.9%, at $40.27 after dropping
Dollar’s selloff extended last week, after rather uneventful Fed meeting. The decline was particularly serious against generally strong European majors. Sterling ended as the strongest one this time, followed by Euro and Swiss Franc. While the greenback was weak, New Zealand and Canadian Dollar were even worse, with the latter weighed down by pull back
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and
The 105.978-1.06063 is the ceiling (it was the floor) The USDJPY has a floor developed from the May and June lows at 105.978 and 106.067. On Friday last week,the floor was broken, but the price could not close below the area. On Monday of this week, the price traded at a high of 106.084,
Has the Baker Hughes rig count found its bottom? The Baker Hughes weekly rig count data stalled again at 251. In the data shown below, you can see since 15th May the number of rigs online has been diminishing. The rate of change is now much slower and this is the first time the number
Forex news for North American trading on July 31, 2020: Markets: Gold up $16 to $1972 WTI crude oil up 44-cents to $40.35 US 10-year yields down 1 bps to 0.5347% CAD leads, NZD lags The big story was the move in USD/JPY. It came after some serious jawboning and threats from top Japanese officials
The COVID-19 pandemic has certainly accelerated the digitalization of economies across the globe, opening up discussions on the future of digital financial services and whether our economy should advocate for the financial inclusion of Bitcoin (BTC) and other digital assets. Yet, despite the horror we have been seeing as our industries continue to suffer, the
LONDON: Oil prices rose on Friday and were on track for monthly gains, boosted by a weaker dollar in the face of continuing concerns over the recovery of the U.S. economy as the coronavirus ravages the world’s biggest economy and oil consumer. Brent crude was up 31 cents, or 0.7%, at $43.25 a barrel by
The Fed sent a more dovish message at the July meeting, although the monetary policy, as well as the accompanying statement, stayed largely unchanged. Despite improvement of data flow, the members warned that the pace of recovery is depending on the developments of coronavirus pandemic. Fed Chair Jerome Powell at the press conference also reiterated
Reading Police Officer Bucklin helps to hand out boxes of MREs. At City Light Ministries on Spruce Street in Reading Saturday afternoon May 2, 2020 where a large group came out for the food distribution by One Luv during the coronavirus / COVID-19 outbreak. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker reported quarterly earnings of $1.03 per share, beating the 64 cents a share consensus estimate. Revenue also topped forecasts. The beat came even as sales tumbled from a year ago due to a pandemic-related slump in
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Up $0.35 or 0.88% The price of WTI crude oil futures are settling the day at $40.27. That is up $0.35 or 0.88%. The high for the day reached $40.55. The low extended to $39.66. The last 5 weeks has seen the price close at: July 3 $40.65 July 10, $40.55 July 17, $40.59 July
Gold holds above the range support at 1,975 cementing Monday’s bullish case towards 1,980. Short term analysis hints to a bullish scenario upon opening the session on Monday. Gold consistently corrected higher in July to the extent of closing on the all-time highs. However, the rally has also had its fair share of losses and