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Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East
Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East
Apr 2, 2024
Brent, WTI Crude Oil News and Analysis Drone strike hits Russian oil infrastructure and Israel hits Iranian targets in SyriaOPEC’s JMMC meeting unlikely to result in any changesOil prices rise, testing levels of support in oversold territorySee what our analysts foresee for oil prices in the second quarter via our Q2 oil outlook below: Recommended by Richard Snow Get Your...
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD
US Dollar Stumbles Before Key Jobs Data; Setups on EUR/USD, USD/JPY, USD/CAD
Apr 2, 2024
US DOLLAR OUTLOOK – EUR/USD, USD/JPY, USD/CAD Most Read: US Dollar Rallies, EUR/USD Slumps, Gold Continues to Push Ever Higher The U.S. dollar, as measured by the DXY index, fell on Tuesday (-0.2% to 104.75), stepping back from a 5-month peak established in the overnight session. While government rates were mostly higher on the day, the greenback was unable to...
Japanese Yen Sentiment Analysis and Outlook: USD/JPY, GBP/JPY, AUD/JPY
Japanese Yen Sentiment Analysis and Outlook: USD/JPY, GBP/JPY, AUD/JPY
Apr 2, 2024
Most Read: Brent, WTI Reach Yearly High amid Escalations in Russia and Middle East The fast-paced world of trading often favors following the crowd – jumping on the bandwagon when prices rise and scrambling to sell in a panic. However, experienced and seasoned traders recognize the power of contrarian thinking. Indicators like IG client sentiment provide a glimpse into the...
US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put
US Crude Oil Prices Surge As Market Seems Sure OPEC Cuts Will Stay Put
Apr 3, 2024
US Crude Oil Prices and Analysis Download our Brand New Q2 Oil Forecast below: Recommended by David Cottle Get Your Free Oil Forecast Crude Oil prices remained close to five-month peaks on Wednesday as markets looked toward a meeting of key producers at which production cuts are expected to remain in place. The Organization of Petroleum Exporting Countries will convene...
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Sector Update: Energy
Sector Update: Energy
Jan 17, 2025
01:43 PM EST, 01/17/2025 (MT Newswires) -- Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index up 0.5% and the Energy Select Sector SPDR Fund (XLE) rising 0.8%. The Philadelphia Oil Service Sector index climbed 2.1%, and the Dow Jones US Utilities index added 0.3%. Front-month West Texas Intermediate crude oil was declining 0.5% to $78.26 a...
Sector Update: Tech
Sector Update: Tech
Jan 17, 2025
01:43 PM EST, 01/17/2025 (MT Newswires) -- Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 1.7% and the SPDR S&P Semiconductor ETF (XSD) climbing 3.3%. The Philadelphia Semiconductor index popped 2.7%. In sector news, the US Supreme Court will allow a ban on TikTok to take effect as scheduled on Sunday after rejecting...
Sector Update: Financial Stocks Rise Friday Afternoon
Sector Update: Financial Stocks Rise Friday Afternoon
Jan 17, 2025
01:54 PM EST, 01/17/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%. The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.3%. Bitcoin (BTC-USD) spiked 5.2% to $104,732, and the yield for 10-year...
Sector Update: Financial
Sector Update: Financial
Jan 17, 2025
01:39 PM EST, 01/17/2025 (MT Newswires) -- Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index up 0.6% and the Financial Select Sector SPDR Fund (XLF) ahead 0.7%. The Philadelphia Housing Index rose 0.7%, and the Real Estate Select Sector SPDR Fund (XLRE) added 0.3%. Bitcoin (BTC-USD) spiked 5.2% to $104,732, and the yield for 10-year...
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Cenovus Energy forecasts higher production in 2025
Cenovus Energy forecasts higher production in 2025
Dec 12, 2024
Dec 12 (Reuters) - Canada's Cenovus Energy ( CVE ) forecast higher production in 2025 on Thursday, banking on benefiting from new projects coming online. The company forecast its upstream production between 805,000 and 845,000 barrels of oil equivalent per day (boepd) for 2025, compared with 770,000 boepd to 810,000 boepd expected this year. Cenovus will deliver important milestones on...
Nordson Issues Downbeat Fiscal First-Quarter Outlook Despite Fourth-Quarter Beat
Nordson Issues Downbeat Fiscal First-Quarter Outlook Despite Fourth-Quarter Beat
Dec 12, 2024
06:35 AM EST, 12/12/2024 (MT Newswires) -- Nordson ( NDSN ) shares dropped early Thursday as the precision technology company issued a downbeat fiscal first-quarter outlook while its results in the prior three-month period topped market estimates. Adjusted earnings are set to come in between $1.95 and $2.15 per share for the ongoing quarter while revenue is expected between $615...
Agnico Acquiring O3 Mining in Friendly Transaction For Near $204 Million
Agnico Acquiring O3 Mining in Friendly Transaction For Near $204 Million
Dec 12, 2024
06:40 AM EST, 12/12/2024 (MT Newswires) -- Agnico Eagle Mines Limited ( AEM ) and O3 Mining Inc. ( OIIIF ) jointly announced Thursday they have entered into a definitive support agreement that will see Agnico Eagle acquire, directly or indirectly, all of the outstanding common shares of O3 Mining ( OIIIF ) at C$1.67 per common share in cash...
Baidu, Geely's EV venture faces uproar after it says needs fresh funds
Baidu, Geely's EV venture faces uproar after it says needs fresh funds
Dec 12, 2024
BEIJING (Reuters) - The CEO of China's Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on Thursday showed, a day after the EV maker said it would streamline operations to cope with fierce market competition. The Baidu Inc ( BIDU ) and Geely joint venture said on Wednesday it would...
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Bhutan’s Government Transfers $40M in Bitcoin to QCP Capital
Bhutan’s Government Transfers $40M in Bitcoin to QCP Capital
Dec 9, 2024
According to blockchain analytics platform SpotOnChain, on December 9, the Royal Government of Bhutan transferred 402 Bitcoin (BTC) worth $39.56 million to QCP Capital. This is the latest in a series of transactions from Bhutan’s government, which has been actively selling its Bitcoin reserves since October. Previous Transfers and Current Reserves SpotOnChain data shows that the wallet has moved 1,696...
Ethereum Leads Record Inflows as Digital Asset Products Reach All
Ethereum Leads Record Inflows as Digital Asset Products Reach All
Dec 9, 2024
In a historic week for digital assets, investment products saw their largest weekly inflows ever, amounting to $3.85 billion, surpassing the previous record set just a few weeks earlier. This spike has driven total year-to-date inflows to $41 billion, while assets under management have surged to a new record of $165 billion, far outpacing the $83 billion AuM achieved during...
SushiSwap to Launch New Products in 2025, Including Kubo, Blade, and Susa
SushiSwap to Launch New Products in 2025, Including Kubo, Blade, and Susa
Dec 9, 2024
Sushis chief exec, Jared Grey, has released a roadmap for 2025 that outlines a series of strategic product launches and ecosystem expansions. Following a comprehensive governance overhaul in April, the Sushi DAO formalized its structure with the establishment of the Sushi DAO Foundation and Sushi Labs. This move aims to promote the DAOs interests through a multi-token ecosystem, facilitating the...
Fox News Journalist Exposes Fake BlackRock Token Scam
Fox News Journalist Exposes Fake BlackRock Token Scam
Dec 9, 2024
Fox News reporter Eleanor Terrett has warned of a deceptive news article circulating online. The publication used her name and official Fox News graphics to promote a scam involving a non-existent BlackRock token. The Fraudulent Piece Terrett raised the alarm on X, stating: “There’s a fake article circulating using my name and official Fox graphics to promote a scam BlackRock...
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