Latest Market News
Canadian oil exports from the US Gulf Coast hit a record high in 2021, as global demand grows and markets need heavy crude. Canadian companies exports averaged more than 180,000 barrels a day last year, reaching about 300,000 barrels a day in December, according to Matt Smith, chief oil analyst for the Americas at data […]
Type: Bearish DownsideKey Levels:Resistance: 1836.9Pivot: 1829.7Support: 1815.3Preferred Case:Prices are approaching a strong graphical overlap resistance at our Pivot. We see the potential for bearish downside from our Pivot at 1829.7 in line with 38.2% Fibonacci retracement towards our 1st support at 1815.3 in line with 50% Fibonacci retracement and 50% Fibonacci retracement. Our bearish bias […]
Credit AgricoleAsia overnightRisk-off trading dominated the Asian session as the higher-than-expected US inflation reading and hawkish rhetoric from the FOMC’s James Bullard ramped up market expectations of a more front-loaded rate hiking cycle. UST 10Y yields retreated only modestly from their high of 2.05% and remain above 2%. A majority of Asian bourses and S&P500 […]
• Brent reversed from support zone • Likely to rise to resistance level 93.35 Brent recently reversed up from the support area located between the key support level 90.00 (former resistance from January), 38.2% Fibonacci correction of the upward impulse (i) from January and the support trendline of the daily up channel from December. The […]
• Platinum reversed from resistance zone • Likely to fall to support level 1000.00 Platinum recently reversed down from the resistance zone lying between the pivotal resistance level 1055.00 (which has been reversing the price from last month), upper daily Bollinger Band, 200-day moving average and the 61.8% Fibonacci correction of the downward impulse from […]
Shares of Nokia Corp. NOK, +0.44% NOKIA, -0.91% rose 0.4% in premarket trading Friday, after the Finland-based network infrastructure company said it plans to start buying back up to EUR300 million ($341.8 million) of its stock on Feb. 14 at the earliest. The “first phase” of the company’s buyback plan, which is part of a […]