TSLA drops nearly 5% on Friday as macro factors in charge. All EV stocks LCID, Chinese names suffer the same fate. Tesla once again is targetting its 200-day moving average. Tesla (TSLA) followed many EV names (all, if we are correct) lower on Friday as macro factors took charge over equity markets. The dominant theme so far
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Ambassador Bridge is a key border crossing. The shut down stopped truck traffic, causing drivers to have to divert over three to four hours and slowing auto production in the region. “The Detroit International Bridge Company is pleased to announce that the Ambassador Bridge is now fully open allowing the free flow of commerce between
The strongest to weakest of the major as London traders exit As the London/European traders look to exit for the weekend, the snapshot of the market currently shows the CAD and GBP as the strongest of the majors, while the EUR is the weakest. The EURGBP is one of the weakest pairs with a decline
Asian markets open with heavy selling today as worries remain that Russia could invade Ukraine “any day now”. New Zealand Dollar is leading Aussie lower on risk aversion. But Canadian Dollar is the stronger one with WTI crude oil staying comfortably at around 94.5. Dollar, and Euro are also slightly stronger. FOMC minutes and comments
NEW DELHI: Gold prices moved higher briskly on Monday, trading near a three-month high, as lingering concerns surrounding Ukraine kept the yellow metal’s safe-haven appeal intact. Russia could create a surprise pretext for an attack, the United States said on Sunday, which increases the appeal of save haven gold. Though, the dollar and safe-haven currencies
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, July 16, 2019. Ann Saphir | Reuters The Federal Reserve should be measured in its path to raise interest rates, San Francisco Fed President Mary Daly said on Sunday. “It is obvious that we need to pull some
In this article DHER-DE The logo of German food delivery service Delivery Hero. Sean Gallup | Getty Images European food delivery firm Delivery Hero saw its share price plunge Thursday after announcing earnings guidance that disappointed traders. The Germany-based company said it generated 9.6 billion euros ($11 billion) in gross sales volume in the fourth
USD/CAD snaps two-day uptrend, justifies bearish candlestick formation. Downbeat Momentum line, short-term bearish chart pattern also keeps sellers hopeful. 100-SMA, channel’s support lure bears, bulls need validation from January’s top. USD/CAD consolidates recent gains inside a bearish channel formation, stepping back from the resistance line to 1.2730 during Monday’s Asian session. In doing so, the
More reports on the details of Biden’s call with world leaders are leaking and it appears he did tell them that he believes Putin has given the order to invade. The yen is edging back to the highs of the day and stocks are at fresh lows with the S&P 500 down 90 points to
All the balls are in motion as the Russia/Ukraine situation intensifies Yields are low with the 10 year down -6.1 basis points on the day at 1.968%. The high for the day reached 2.063% US yields are lower The price of crude oil moved up to a high of $94.66. That took the price
New Delhi: The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies. Basic customs duty is already nil on crude palm oil (CPO) and now the Central Board
In this article PEP In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and revenue, but warned of cost pressures ahead from the rising price of transportation and packaging. Shares rose about 1% in premarket
Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: Potential CME gap to come Data from Cointelegraph Markets Pro and TradingView tracked fairly stress-free conditions for BTC/USD over the weekend, with the weekly candle
WTI has ebbed back to the low $93.00s after spiking to the $94.60s on reports a Russian invasion of Ukraine is imminent. US National Security Advisor Sullivan pushed back against an earlier report that the admin thought Russia would invade next week. If Russia does attack next week as US press reported, many traders would
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