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The Energy Report: Demand Fears Are Back

The Energy Report: Demand Fears Are Back

Oil prices are plummeting as oil demand fear starts to rear its ugly head. Not only do you have some speakers from the Federal Reserve that may want to throw cold water on the recent stock market rally, there is also China taking significant steps in reaction to a slowing economy and lower oil demand.China […]
Analytical Overview Of The Main Currency Pairs – Tuesday, Nov. 7

Analytical Overview Of The Main Currency Pairs – Tuesday, Nov. 7

Image Source: Pexels  The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0722 Prev Close: 1.0716 % chg. over the last day: -0.06 % The US Dollar initially opened lower on Monday on ideas that the Fed’s rate hiking regime is over and that the Fed may cut interest rates by mid-2024. But hawkish comments from Fed […]
EUR/USD Price Analysis: Interim Contention Emerges Near 1.0650

EUR/USD Price Analysis: Interim Contention Emerges Near 1.0650

EUR/USD comes under pressure following Monday’s tops. Further decline could revisit the 1.0650 zone in the near term. EUR/USD faces increasing selling pressure and returns to the sub-1.0700 region after hitting new highs near 1.0750 at the beginning of the week.In case the downward bias picks up extra pace, the pair could extend the pullback to […]
Uber CEO Dara Khosrowshahi On Q3 Earnings, Inflation Impact And Freight Business

Uber CEO Dara Khosrowshahi On Q3 Earnings, Inflation Impact And Freight Business

Photo by Paul Hanaoka on Unsplash  Uber CEO Dara Khosrowshahi joins ‘Squawk Box’ to discuss the company’s quarterly earnings results, which missed analysts’ expectations on the top and bottom lines but showed strength in other areas such as gross bookings, the impact of inflation, future of freight business, self-driving challenges, and more.Video Length: 00:05:58More By […]
Fearing USD And Yields Upswing?

Fearing USD And Yields Upswing?

S&P 500 made the predicted decline towards 4,360s, but didn‘t reach the lower border of Friday‘s intraday consolidation. That would be the first decline target, with Friday‘s breakout level of 4,330 being the second one. The clues though remain very short-term bearish – from weak HYG to semiconductors underperforming tech, weak breadth and slowly rising […]
Oil Prices Hit The Lowest Level In Over 2 Months As Demand Likely To Slow

Oil Prices Hit The Lowest Level In Over 2 Months As Demand Likely To Slow

Image Source: Pixabay  Oil prices fell to the lowest level in more than two months following the release of China’s economic data.Oil prices fell over 2% on Tuesday after new economic data from China showed that the Asian country continues to deal with noteworthy risks despite recent improvements in local demand. The drop wiped oil’s Monday gains caused by […]
Sensex Today Ends Flat; Nifty Holds 19,400

Sensex Today Ends Flat; Nifty Holds 19,400

After opening the negative note, Indian share markets pared losses as the session progressed and ended flat.Benchmark indices ended flat as tepid global mood weighed on benchmark indices on Tuesday, halting their three-day rally.At the closing bell, the BSE Sensex stood lower by 16 points.Meanwhile, the NSE Nifty closed marginally lower by 5 points.Sun Pharma and NTPC were among […]
Central Bank Gold Buying Continued Unabated In September

Central Bank Gold Buying Continued Unabated In September

Image Source: Unsplash  Central banks continued to gobble up gold.Reported central bank gold reserves expanded by a net 77 tons in September with nine countries buying a ton or more.With September’s purchases, central banks added a net 337 tons of gold in Q3. It was the second-highest third-quarter total on record behind 2022.China continued to be […]
Rays Of Sunshine In The Supply And Demand For Credit?

Rays Of Sunshine In The Supply And Demand For Credit?

Access to and the supply of credit is a long leading indicator. The results of tightening or loosening don’t usually hit the economy for at least a year, sometimes two. The report on that credit for Q3 was just released yesterday, and it contained some positive (or at least less negative) surprises.There are two series […]
Dollar Up Across The Board

Dollar Up Across The Board

Photo by Adam Nir on UnsplashIt’s been one of those days where everything out there is down against the US Dollar. Currencies are lower across the board, US equity futures are pointing to a lower open, commodities are down, and even crypto has pulled back.Video Length: 00:01:19 More By This Author:What The Market Wants Is Not […]