Latest Market News

The American Petroleum Institute reported late Wednesday that U.S. crude supplies rose by 5.6 million barrels for the week ended June 17, according to sources. The API, which released its data a day later than usual because of Monday’s Juneteenth holiday, also reportedly showed a weekly inventory climb of 1.2 million barrels for gasoline, while […]

Red Robin Gourmet Burgers Inc. RRGB, +5.26% said late Wednesday that Chief Executive Officer Paul Murphy will retire at the end of the year, when his employment agreement expires. Murphy will assist the fast-casual restaurant chain’s board in the search for a new CEO and will remain as a special adviser until the end of […]

USDJPY updated its 24-year highs and may continue rising. The Japanese Yen hit a new 24-year low against the USD. The current quote for the instrument is 136.25. The high in USDJPY is now at 136.71, and it seems like the sky is the limit. The reasons for the Yen depreciation are the same. First, […]

USDJPY, “US Dollar vs. Japanese Yen” As we can see in the H4 chart, USDJPY is approaching the “Overbought area”. In this case, the price is expected to test the resistance at 8/8, rebound from it, and then resume falling to reach the support at 6/8. However, this scenario may no longer be valid if […]

Emission reduction targets boost global spending on maintenance in the renewable and low-carbon sectors, slowly pulling the rug out of the oil and gas industry. In a recent report, energy research firm Rystad Energy predicts that the maintenance, modification and operation (MTO) market for the renewable and low-carbon sector will reach nearly $250 billion by […]

Type: Bearish ReversalKey Levels:Resistance: 1878.8 Pivot: 1861.7 Support:1805.9Preferred Case:On the H4, with prices moving below the ichimoku indicator, we have a bearish bias that prices will drop from our pivot at 1861.7 where the horizontal swing high resistance and 100% fibonacci projection are to our 1st support at 1805.9 in line with swing low support […]