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.
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.
(Reuters) – Warren Buffett on Saturday likened the millions of inexperienced day traders who entered the stock market in the past year to gamblers, and said commission-free brokerages such as Robinhood Financial for promoted a casino-like atmosphere.
FRANKFURT (Reuters) – German carrier Lufthansa and budget unit Eurowings aim to offer flights to more than 100 holiday destinations, Chief Executive Carsten Spohr told Bild am Sonntag.
Most of the 11 major S&P 500 sector indexes were lower, with technology and materials down more than 1%, while energy dropped 2.2%.
It was a busy week for the global financial markets. A Dollar bounce back on Friday, driven by economic divergence, delivered a first weekly gain in 4-weeks.
It was a mixed week for the European majors. While corporate earnings delivered support, economic data disappointed to leave the DAX30 and EuroStoxx600 in the red.
Meanwhile, WTI oil is trying to settle below $63.50.
Dovish Fed and President Bidens spending plans boost markets.
The worlds worst Covid-19 outbreak in India risks fanning price pressures, threatening to limit options for the inflation-focused central bank to support the economy.
Chilean President Sebastian Pinera will sign into law a bill allowing billions of dollars in early pension withdrawals after the Constitutional Court threw out his bid to block the proposal.
President Joe Biden has selected Celeste Drake, a longtime trade expert from AFL-CIO, to be the first director of his initiative to steer more federal dollars to U.S. manufacturers and producers, an administration official said.
Last week saw EUR/USD break above 1.20 for the first time since early March; now it will likely pause for breath before possibly strengthening further.
(Reuters) -Johnson & Johnson beat expectations for quarterly revenue and profit and raised dividend payouts to shareholders on Tuesday, while reporting $100 million in sales for its COVID-19 vaccine, whose use was paused by U.S. regulators last week.
(Reuters) – Deployments of facial recognition from Israeli startup AnyVision show how the surveillance software has gained adoption across the United States even as regulatory and ethical debates about it rage.
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