Latest Market News
EURUSD is falling on Wednesday morning but keeps on trying to consolidate. The major currency pair is declining despite the market’s attempts to reach stability. The current quote for the instrument is 1.0692. The key trigger that supports the “greenback” is the rally in US bond yield growth. Also, investors are very cautious about possible […]
Oil prices rose, during trading today, Wednesday, June 8, 2022, amid expectations of a decrease in US oil stocks. The rise coincides with expectations of increased demand for fuel in the upcoming driving season, as the US Energy Information Administration raised its forecasts for oil demand this year. Oil Prices Today The price of the […]
Type: Bullish RiseKey Levels:Resistance: 103.225Pivot: 102.592Support: 101.856Preferred Case:On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise from our pivot at 102.592 at the swing high to the 1st resistance at 103.225 in line with the 50% fibonacci retracement and 100% fibonacci projection.Alternative Scenario:Price may […]
Equities Mostly Higher This Week Ahead of Key Data EventsWe’ve seen a mixed start for global equities benchmarks on Tuesday. US stocks are under pressure amidst a better showing in USD while, elsewhere, European and Asian markets are trading with a better tone. The NIKKEI is having another solid week following a strong rally on […]
Credit Suisse AG’s CS, +2.04% warning of a second-quarter loss weighed on bank stocks on Wednesday, as the sector moved more deeply into the red than the broad market. The Dow Jones Industrial Average DJIA, -0.14% dropped 0.7%, while components JPMorgan Chase & Co. JPM, -0.72% and Goldman Sachs Group Inc. GS, -0.74% gave up […]
Charles River Laboratories International Inc. shares CRL, +0.89% slid 6% in premarket trade Wednesday, after the drug company issued a profit warning for the second quarter. The company is now expected adjusted per-share earnings to rise in the low-to-mid-single digits from the year-earlier period, down from prior guidance of mid-to-high-single-digit growth. It expects revenue to […]