Latest Market News
Shipping giant A.P. Moeller-Maersk’s MAERSK.B, +5.87% shares rallied 6% in mid-morning trade in Copenhagen, as the company lifted its earnings guidance for the year. A.P. Moeller-Maersk said it now expects underlying EBITDA of $30 billion, versus $24 billion previously, and free cash flow above $19 billion, versus prior guidance of above $15 billion. It gave […]
NZDUSD, “New Zealand Dollar vs US Dollar” NZDUSD is still rebounding from Tenkan-Sen. The instrument is currently moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Kijun-Sen at 0.6665 and then resume moving downwards to reach 0.6450. Another signal in favour of a further downtrend will […]
USDJPY is slowly moving away from the multi-year highs. The Japanese Yen is trying to reach stability against the USD after plummeting to its 20-year lows. The current quote for the instrument is 127.85. The Yen devaluation attracted a lot of attention and it seems like market players finally decided that it was too much. […]
Daily Market Outlook, April 26, 2022 Overnight Headlines China Central Bank Seeks To Calm Markets With Support Pledge Japan Readies $48bn Package To Ease Inflation Pain – Nikkei Goldman Sachs Now Sees ECB Hiking Interest Rates In July Oil Advances As Investors Weigh China’s Covid-19 Resurgence Dollar Ascends On China Covid Fears, Fed Rate Hike […]
Gold & Silver Fall As USD Strengthens on Hawkish Fed ViewsThe yellow metal remains under pressure this week, opening with heavy selling in Europe, as traders digest recent hawkishness from the Fed. Fed chairman Powell last week confirmed that the Fed is looking to hike rates by 0.5% in May and is committed to aggressively […]
Oil futures finished sharply lower on Monday, with U.S. benchmark prices marking their lowest finish since two weeks. Oil sold off amid the ongoing lockdowns in Shanghai and other parts of China, “seriously denting petroleum demand there,” said Marshall Steeves, energy markets analyst at S&P Global Commodity Insights. “This really illustrates the supremacy of the […]