The US dollar seesawed between gains and losses, attempting to find a clear direction and led by US Treasury yields once again. As the 10-year U.S. Treasury yield spiked to start 2022, investors have been rotating into more cyclical and value names. On Monday, the 10-year climbed as high as …
Read More »Canadian Stocks Fall On Tech, Oil
Canada’s main stock index, the S&P/TSX, fell to three-week lows below the 21,000 mark, amid a global risk-off sentiment fueled by growing concerns that the Federal Reserve will bring forward rate hike plans. Technology stocks dipped 2.3%, falling for the sixth session in a row as bond yields continue to …
Read More »Oil May Witness a Downward Trend 10/1/2022
Oil, Crude, trading
Read More »Weekly Recap 3 – 7 Jan.
The last trading week ended with a decline in the US dollar as risk appetite improved with optimism around Omicron, in addition to data out of the USA. As a result, the dollar index, which measures the strength of the US currency against a basket of currencies, fell to 95.7. …
Read More »Oil Extends Its Gains 7/1/2022
Oil, Crude, trading
Read More »Oil May Witness a Downward Trend 6/1/2022
Oil, Crude, trading
Read More »Oil Maintains Gains And Positivity Remains 5/1/2022
Oil, Crude, trading
Read More »Major Currencies Maneuvering To Find Their Way
The US dollar kept advancing on Tuesday, posting the most advance against the Japanese yen. USD/JPY pair jumped to 116.34, its highest since January 2017, as the dollar surged alongside US bond yields. Demand for the US dollar retreated with Wall Street’s opening, as the dollar was ending the day …
Read More »OPEC+ Ends The Longest Open Meeting And Proceeds With Its Plan
The Organization of the Petroleum Exporting Countries and its allies agreed to revive more of the suspended production as the prospects for global oil markets improve, amid expectations that demand will be able to withstand the repercussions of the new Coronavirus mutant. Delegates said the 23-nation coalition led by Saudi …
Read More »Oil Based on Support 4/1/2022
Oil, Crude, trading
Read More »