Global politics have often influenced the price of crude oil for as long as memory serves most of us.
The US dollar has chopped back and forth during the trading session against the Japanese yen on Wednesday as we await the jobs figure on Friday.
The GBP/USD has made a strong retracement and now the price is exactly at the 61.8 fib retracement of the last swing.
GBP/USD failed to settle above the resistance at 1.3900 and is moving towards the 20 EMA.
(Reuters) -Verizon Communications Inc said on Monday it has agreed to sell its media unit, that includes Yahoo and AOL, to Apollo Global Management Inc for $5 billion, as it looks to offload its digital media business.
(Reuters) – Bombardier Inc said on Monday it expects first-quarter business jet revenue to come in ahead of analysts estimates, as rising vaccinations encourage wealthy travelers to return to flying.
(Reuters) – Retail-focused brokerage Robinhood Financial has hit back against comments by Warren Buffett who on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers.
Meanwhile, silver attempts to settle above the key resistance level at $26.30.
The direction of the EUR/USD on Monday is likely to be determined by trader reaction to 1.2038.
The precious metal rallied high at Monday‘s trading session amid the muted greenback and increased cash flows into riskier assets that include crypto-assets boosting the metal’s shine at the first trading session of the month.
Since Fridays rally was likely fueled by short-covering, the index will have to pullback into at least 90.890 in order to attract real buyers.
(Reuters) – European stocks edged higher on Monday amid thin trading volumes due to a UK bank holiday, with sentiment remaining positive on hopes of a quick economic rebound and a strong earnings season.
GBP/USD settled below the 50 EMA and is trying to get below the next support level at 1.3800.
Last weeks price spike to the upside is a clear indication that investors believe the jump in cases in India, Japan and Brazil is only temporary.
BERLIN (Reuters) -German health technology company Siemens Healthineers raised its full-year sales and profit forecast on Monday, as the COVID-19 pandemic continues to drive demand for its rapid antigen tests.
NEW YORK (Reuters) – Some Berkshire Hathaway shareholders are grappling with how Warren Buffetts conglomerate will handle a thicket of post-pandemic challenges, including looming inflation, a dearth of acquisitions and demands for more environmental and social disclosures.
SYDNEY (Reuters) – Australian home prices posted another solid increase in April though the pace of ascent slowed a little as affordability became a bigger problem as houses moved beyond the reach of many buyers.
Ongoing strength in domestic data should lead to an incrementally hawkish turn in Fed guidance over the coming months. This would be bearish.
FRANKFURT (Reuters) – Tesla CEO Elon Musk has given its German team six more months to start production at its delayed factory near Berlin, its first gigafactory in Europe, German weekly Automobilwoche reported, citing company sources.
(Reuters) – Berkshire Hathaway Inc shareholders on Saturday easily rejected proposals requiring the company run since 1965 by Warren Buffett to disclose more about its efforts to address climate change and promote diversity and inclusion in its workforce.
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