Day: June 28, 2022
The American Petroleum Institute reported late Tuesday that U.S. crude supplies declined by 3.8 million barrels for the week ended June 24, according to sources. The API also reportedly showed a weekly inventory increases of nearly 2.9 million barrels for gasoline and 2.6 million barrels for distillate. Oil stocks at the Cushing, Okla., delivery hub […]
Visa Inc. V, -2.67% said Tuesday that its board of directors approved a deposit of $600 million into a litigation escrow account that the company previously set up in response to a years-old merchant lawsuit. The account is set up so that funding of the litigation escrow account dilutes the value of the company’s bank-owned […]
AUDUSD, “Australian Dollar vs US Dollar” As we can see in the H4 chart, AUDUSD is trading below the 200-day Moving Average to indicate a descending tendency. In this case, the price is expected to test 1/8, break it, and then continue falling to reach the support at 0/8. However, this scenario may no longer […]
Global energy consumption increased by 5.8% over the past year (2021), to exceed pre-corona epidemic levels, with the recovery of economic activity. The annual statistical review issued by the British oil company BP, which was seen by the Energy Research Unit, showed that global energy consumption exceeded 2019 levels by 1.3%. At the same time, […]
Hawkish Lagarde CommentsComments from ECB’s Lagarde this morning underlined the hawkish shift taking place at the ECB. Making her opening comments at the bank’s Sintra Forum in Portugal, Lagarde warned that the ECB would be nimble in its policy approach.The ECB chief said that while current plans are for a .25% hike in July, the […]
Type: Bullish RiseKey Levels:Resistance: 123.56Pivot: 113.13Support: 106.65Preferred Case:On the H4, with price recently breaking the descending trendline, we have a bullish bias that price will continue to rise from the pivot at 113.13 at the pullback support in line with the 38.2% fibonacci retracement to the 1st resistance at 123.56 at the horizontal swing high […]
The alternative investment group is banking on the “CeDeFi exchange” to shape the “future of finance” with a commitment that will bolster Unizen’s ecosystem. 2409 Total views 47 Total shares Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM), which it will use to expand its business […]
Shares of the top-five largest U.S. companies by market capitalization are all falling more than the broader stock market, as the stocks of Amazon.com Inc. AMZN, -4.95% and Tesla Inc. TSLA, -4.49% led the way lower. The combined market-cap losses of the five companies was about $259.9 billion as of Tuesday afternoon. In order of […]
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