Latest Market News
European Forex news roundup: USD/JPY falls from highs as Treasury rates remain unchanged The latest forex news from the European market session on January 5, 2022. The market is still contemplative as we await US ADP statistics and the FOMC meeting minutes later today. European stocks are holding steady with modest increases, while US futures […]
Crude Back In DemandCrude traders have had a strong start to the year with crude futures trading in the green over the first full week of 2022 trading so far. On the back of hefty position reductions across the end of 2021 it seems that long positions are once again being rebuilt in crude as […]
CIBCFX FlowsThere has been a fierce rotation in stocks. Investors rushed to liquidate shares of tech companies, which has surged during the pandemic. Nasdaq Composite fell near 3.3% and we also saw sell off in the US Treasury bond market. Report in FT said that investors moved into automakers like Ford and GM, as well […]
• EURAUD broke key resistance level 1.5700• Likely to rise to resistance level 1.5865 EURAUD currency pair recently broke key resistance level 1.5700 (which has been reversing the price from December). The breakout of the resistance level 1.5700 accelerated the active short-term impulse waves 1 and (3). Given the rising euro bullishness seen today – […]
Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022. 6176 Total views 61 Total shares Hedge fund manager Ray Dalio remains bullish on Bitcoin (BTC) in 2022, listing three primary reasons why Bitcoin is “impressive.” In a recent interview with The Investors Podcast, he talked […]
Lamb Weston Holdings Inc. LW, +9.55% stock soared 11.8% in Thursday trading after the potato and vegetable company reported fiscal second-quarter earnings and sales that beat expectations. Net income totaled $32.5 million, or 22 cents per share, down from $96.9 million, or 66 cents per share, last year. Adjusted EPS of 50 cents beat the […]