Latest Market News
The 10-year Treasury yield in the United States rose to its highest level since 2008. Although this type of rally is usually negative for risky assets, the U.S. stock markets recovered ground after the Wall Street Journal reported that some officials of the Federal Reserve were concerned about the pace of the rate hikes and […]
The two new COVID variants dubbed BQ.1 and BQ.1.1 continued to gain traction in the U.S. in the latest week, accounting for 16.6% of all cases, up from 11.4% a week ago, data from the Centers for Disease Control and Prevention showed Friday. The two variants are lineages of BA.5, the omicron subvariant that remains […]
The Jan. 6 Select Committee issued a subpoena Friday to former President Trump to testify under oath and produce documents relevant to the committee’s investigation of the 2021 attack on the U.S. Capitol. “We have assembled overwhelming evidence…that you personally orchestrated and oversaw a multi-part effort to overturn the 2020 presidential election,” Democratic Chairman Bennie […]
Gold futures finished higher on Friday, prompting prices to turn higher for the week. Gold was under pressure and lacking much interest with fresh capital, but “snapped back quickly and sharply” early Friday after speculation for a 75 basis point interest-rate increase in November by the Federal Reserve, followed by only 50 basis point rate […]
• USDJPY rising inside impulse wave (iii) • Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair earlier broke the resistance trendline of the daily up channel from March – which added to the bullish […]
Oil futures climbed on Friday to post a gain for the week, but natural-gas futures fell sharply for the session to end the week more than 20% lower. “The Biden administration introduced an ‘SPR put’ to the oil market this week when they announced purchasing crude to replenish reserves when prices dip towards $70 a […]