CISCO a dividend-paying technology stock of high quality
CISCO a dividend-paying technology stock of high quality Tech stocks have been on the decline since the beginning of the year, and it doesn’t appear that things will improve anytime soon. If you’re looking for a safe investment in today’s economy, you can choose Cisco (CSCO), a communications equipment firm. It’s a reliable business […]
Crude oil falls, but it is on track for strong weekly gains
Crude oil falls, but it is on track for strong weekly gains After the revelation of a larger-than-expected rise in US oil stockpiles, oil prices dropped Thursday, giving back some of the week’s high gains in weak holiday-affected trade.US crude prices were 1.6 percent down at $102.62 per barrel, while Brent futures were 1.5 percent […]
Low Investment Banking will affect Bank of America
Low Investment Banking will affect Bank of America The investment banking division, one of Bank of America BAC’s core revenue streams, is not predicted to have fared well in the first quarter of 2022. As a result, the Investment Banking business is unlikely to have contributed assistance to BAC’s earnings, which are scheduled to be […]
XAU/USD Lacks Directional Conviction on Conflicting Market Forces
XAU/USD Lacks Directional Conviction on Conflicting Market Forces XAUUSD had gotten a ailment break of an earlier triangle pattern at $1,898. In any case, its advance can be tempered for the present by $2,001, the 61.8% Fibonacci retracement of the unpredictable March range of $2,070-$1,890. Bypassing $1,981 opens the entryway for a trial of the […]
XAUUSD pressuring the bears near daily resistance ahead of ECB
XAUUSD pressuring the bears near daily resistance ahead of ECB The gold price (XAUUSD) is striving to rise and is approaching the recent highs set on Wednesday at $1,980. The US dollar is behind on Thursday after dipping overnight as US rates stopped their advance, providing some comfort to the FX market as investors await […]
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation On Tuesday, Wall Street reversed previous gains as the Federal Reserve’s expected monetary tightening dragged growth stocks back into negative territory. Early in the afternoon, all three main U.S. stock indexes turned negative, driven down by healthcare and financials. The reversal began […]
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY
Market News: EUR/USD, GBP/USD, AUD/USD, CNY/JPY Time 04:30 AM GMT+3 CNY: CPI (Consumer Price Index) , It measures change in the price of goods and services purchased by consumers. Time 04:30 AM GMT+3 CNY: PPI (Producer Price Index), It measures change in the price of goods purchased and sold by producers. Time 09:00 AM GMT+3 […]
Oil prices plummet as a result of China’s lockdowns, and reserves are released
Oil prices plummet as a result of China’s lockdowns, and reserves are released Oil prices fell $2 a barrel in early Asian trade on Monday, marking the second consecutive weekly decrease after world consumers revealed intentions to release a record volume of crude and oil products from strategic storage, and as China lockdowns remained in […]
Long-term deal with China has been signed by a US LNG exporter
Long-term deal with China has been signed by a US LNG exporter In the most recent contract between American and Chinese companies, Next Decade Corporation inked another long-term agreement for a U.S. exporter to supply liquefied natural gas (LNG) to China on Wednesday. ENN LNG (Singapore) Pte Ltd, a wholly-owned subsidiary of China’s ENN Natural […]
European markets end the day neutral, reflecting global caution; Vestas surges 8%
European markets end the day neutral, reflecting global caution; Vestas surges 8% On Tuesday, European stock markets were divided as investors focused on the Ukraine-Russia crisis and economic statistics. The Stoxx 600 index in Europe concluded flat, with utilities up 2% and construction and material sectors down 1.8 percent. In terms of individual stock price […]
XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment
XAU/USD is expected to drop to about $1,900 as aggressive Fed officials dampen market sentiment After a massive sell-off on Tuesday, gold (XAU/USD) is struggling in the Asian session. Given the adverse market movement and aggressive tone espoused by Federal Reserve (Fed) policymakers, the precious metal is anticipated to drop to around the psychological support […]
MARKET NEWS 6 April 2022 || Xtreamforex
MARKET NEWS 6 April 2022 || Xtreamforex Time 04:00 AM GMT+3 NZD:- Commodity Price Index, It measures any change in the global price of exported commodities. Time 04:45 AM GMT+3 CNY:- Caixin Services PMI, Survey of about 400 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, […]
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms
Overnight, US equities continued to swing back and forth; buyers swooped in on tech firms Investors snatched up some of the technology firms that had been under pressure to start the year, sending U.S. equities higher on Monday. The Nasdaq Composite Index, which is centred on technology, rose 271.05 points, or 1.9 percent, to […]
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine
Energy sanctions are being considered by the EU as a response to Russia’s war crimes in Ukraine The European Union denounced the massacre of innocent citizens by Russian soldiers as they retreated from Ukrainian cities on Monday, threatening a fresh round of harsh measures on Russia in the coming days, including possible sanctions against Russia’s […]
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY
Technical Analysis: USD/JPY, EUR/JPY, GBP/JPY AUD: AIG Construction Index (Performance of Construction) construction Survey of 200 companies which asks respondents to rate the relative level of business conditions including employment, new orders, prices, supplier deliveries, production and inventories, released monthly JPY: Average Cash Earnings, correlated with spending the more income consumers have, the more they […]
In Asian markets, the XAU/USD bleeds out, falling below $1,920
In Asian markets, the XAU/USD bleeds out, falling below $1,920 The price of gold, XAU/USD, has been under pressure this week due to conflicting mood around the Ukraine issue against anticipation of a rapid-fire response from the Federal Reserve following last week’s Nonfarm Payrolls report. XAU/USD is down 0.26 percent at the time of writing, […]
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down
Due to virus worries weigh on the S&P 500 and Dow, oil equities drive the indexes down On Monday, the S&P and Dow indices fell from record highs as fears over mounting COVID-19 cases weighed on oil and other growth-sensitive industries. Energy stocks, which were down 1.2 percent, took the brunt of the selling as […]
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential
As the RBA approaches amid China’s lockdowns, the AUD/USD chart shows bullish potential The Asian markets will start the week with an eye on Australia’s interest rate announcement tomorrow. The Reserve Bank of Australia (RBA) is likely to maintain its current interest rate of 0.1 percent, although expectations for a raise in the second […]