Latest Market News

Feb 03
Oil and gas prices rise with Shell profits in the fourth quarter of 2021 Recorded $6.4 billion

Oil and gas prices rise with Shell profits in the fourth quarter of 2021 Recorded $6.4 billion Oil and gas prices supported Shell in achieving record profits during the fourth quarter of last year, exceeding analyst expectations, recording $6.4 billion, an increase of 55% from the third quarter of 2021. Shell’s adjusted profit beat the […]

Feb 03
Hawkish BoE and ECB put Greenback Under Great Pressure as Policy gap with the Fed Narrows

Dollar reversed gains made in the first half of Thursday session with the DXY shedding nearly half a percentage point after EU and UK central banks signaled that they would be catching up with the Fed in terms of policy tightening. The Bank of England raised the rate to 0.5%, however, the fact that 4 […]

Feb 03
Daily Market Outlook, February 3, 2022

Daily Market Outlook, February 3, 2022 Overnight Headlines Fed’s Daly: ‘Gradual’ Rate Hikes Won’t Derail The Economy Biden’s Three Fed Board Nominees Vow To Tackle Inflation Yellen Sets Inflation Blame Abroad, Defends Biden Stimulus US House China Competition Bill Set For Passage This Week US Sends 3,000 Troops To Aid Allies In Russia-Ukraine Crisis Putin […]

Feb 03
FTSE100 Wave Analysis – 3 February, 2022

• FTSE100 reversed from resistance zone • Likely to fall to support level 7500.00 FTSE100 index recently reversed down from the resistance zone lying between the key resistance level 7600.00 (which has been reversing the index from the middle of January) and the upper daily Bollinger Band. The downward reversal from this resistance zone stopped the […]

Feb 03
US lawmakers reintroduce bill to stop IRS from taxing crypto transactions under $200

House Representative Suzan DelBene, introducing the latest iteration of the bill, said the United States needs to “ensure that our tax code evolves with our use of virtual currency.” 2209 Total views 85 Total shares A bill previously introduced by Washington Representative Suzan DelBene aims to exempt crypto users from paying taxes on transactions under […]

Feb 03
Clorox stock drops after company hit by lower margins, inflation

Clorox Co. CLX, -0.99% shares fell nearly 9% in the extended session Thursday after the maker of cleaning and other products got hit by lower margins and fewer sales amid “challenging” costs and inflation. Clorox said it earned $69 million, or 56 cents a share, in the fiscal second quarter, compared with $259 million, or […]