A month ago, a small surprise downside led to a wave of bond buying and dollar trading in anticipation of a peak in inflation. The data, due at 1330 GMT, should test that speculation, and the Fed’s decision on Wednesday should provide fairly immediate feedback from policymakers. Economists polled by Reuters expect core inflation to …
Authorities over the globe are fighting versus time to bring justice to the millions of people influenced by the financial frauds committed by FTX CEO Sam Bankman-Fried. As part of the continuing investigations, attorneys describing the Securities Commission of the Bahamas seek admission to FTX’s database with international customer information. The Bahamian attorneys filed an …
At 03:05 ET (08:05 GMT), the Dollar Index, which follows the dollar versus a basket of six other currencies, increased 0.2% to 104.695. The U.S. CB ends its two-day conference on Wednesday. It should slow down the pace of its monetary tightening to fight inflation at historic levels by raising interest rates by 50 bps …
At 02:55 ET (07:55 GMT), the Dollar Index, which follows the dollar versus a basket of six other currencies, dropped 0.1% to 104.688 after dropping 0.3% overnight. Initial unemployed claims rose moderately last week, and data was displayed on Thursday. In distinction, continuing claims increased to a 10-month high, counting to suspicions that the world’s …
Leverage is a strange topic to discuss in the trading world since it’s both over-feared and overused. On the one hand, you have people who say you should never use leverage. On the other, people who end up losing everything to over-leveraged positions. Today, we’ll try and find a middle ground between the two. Leverage …
Tesla falls on Monday following reports of production cut for the December output of its Model Y in China. Despite soaring higher by 0.08% to $194.86 apiece on Friday’s closing bell, the EV maker’s stock plunged by 1.73% to $191.50 per share in the latest trading session. This fall came after the reports that it …
Tesla Falls on Report of Production Cut in China Read More »
Crude prices soared on Monday as the Organization for the Petroleum Exporting Countries held their target output cut and China eased its Covid measures. In the latest trading session, Brent futures for February delivery rose by 1.05% to $86.47 a barrel. Likewise, the West Texas Intermediate crude contract for January soared by 1.11% to $80.87 …
Crude Soars on China’s Covid Curbs and OPEC Output Cut Read More »
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