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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Axios with the report of the latest (confirmed) developments (there are plenty of unconfirmed rumours doing the round this weekend). Presidents Biden and Putin spoke for just over an hour Via a senior administration official: Biden said U.S. and allies will “respond decisively and impose swift and severe costs” if Russia invades Ukraine Russia would
The major US stock indices are now trading to a new session low with the S&P index now down over 2% while the NASDAQ index is down near 3%. On the move lower the S&P has moved back below the 200 day MA at 4452.10. Recall on Wednesday, the price closed above that MA (last
NEW DELHI: Gold prices slipped on Friday after a higher than expected inflation reading and rate hike signals from Fed ramped up odds for a hefty interest rate hike as soon as next month. A strong dollar and rise in bond yields also dented the gold prices. Gold futures on MCX were trading down by
The sign at the McDonald’s restaurant on Penn Ave in Sinking Spring, PA April 8, 2021 with a message on a board below it that reads “Work Here $15 And Free Meals”. Ben Hast | MediaNews Group | Getty Images Too much of a good thing, in the form of rapidly rising wages, is expected
Andrew Harrer | Bloomberg | Getty Images Zillow shares soared as much as 20% in extended trading on Thursday after the digital real estate company said it’s getting out of the home-flipping business more quickly and economically than it previously expected. Zillow’s fourth-quarter earnings report follows a disastrous stretch for the company, after an attempt
The S&P 500, the Dow Jones, and the Nasdaq Composite fell between 1.43% and 3.07%. Ukraine/Russia conflict escalation points towards a Russia’n invasion as reported by US press, confirmed by the US Security Advisor. Market sentiment was dismal, as safe-haven flows like gold, the USD, and the yen dominated the end of the week. Western
Gold has been consolidating around $1800 for more than a year but there’s a series of higher lows that’s been building since the start of 2021 and now it’s threatening to break out of the long-term wedge. It’s way too early to say today’s $35 rally and push through the top is a breakout but
USDRUB runs higher on invasion talk The USDRUB has indeed moved higher (lower ruble) on the back of the Russian escalation and expectations that an invasion is imminent. Looking at the daily chart the price rise has seen the price move up from 74.94 at the close yesterday to the current price of 77.36. The
War or rate hikes, it’s very clear that investors are worried about the former. Sentiment took a deep dive on Friday on worries over an imminent Russian invasion of Ukraine. WTI crude oil surged to new 7-year high while Gold also soared before weekly close, while stocks took a heavy beating. In the background, markets