Articles

Crude oil prices were trading lower on Wednesday. This comes after the weekly inventory report showed a mixed picture with gasoline inventories rising while crude stockpiles falling. The decline in oil prices comes after a brief attempt… Read More

The British pound sterling rose more than 1% on Wednesday. The gains were primarily driven by progress in the Brexit talks. Price action is now trading above the 1.3000 level, which held up as resistance previously. With the strong… Read More

The euro is holding onto its three-day winning streak. Price action is trading closer to the 1.1900 level which has held up as resistance as early as September 21. The current pace of gains will see a possibility for the EURUSD to… Read More

Earnings Miss, Revenues Beat Shares in US streaming giant Netflix are trading over 5% lower pre-market on Wednesday following a weak set of Q3 earnings yesterday. Netflix reported third-quarter earnings per share of $1.74, undershooting… Read More

Last month, the markets were taken completely by surprise when the CBRT raised interest rates by two percentage points. That 200 basis point increase, in comparison to other central banks, is the equivalent of four 'raises'. The… Read More

Senate Republicans Diminish Pandemic Deal The US dollar index slipped to its lowest point since September, closing 0.40% lower yesterday. Renewed expectations and uncertainty for additional US fiscal stimulus and a coronavirus vaccine… Read More

The British pound sterling is trading muted on Tuesday. Price action was largely confined to the range from Monday. This comes amid the mixed fundamentals. While the USD is weaker, the pound sterling is weighed by the Brexit concerns.… Read More

The euro is maintaining its bullish hold. After rising off the 1.1700 level earlier in the past few sessions, price action broke past 1.1800 on Tuesday. With prices breaking out above the 1.1800 level, further gains could be likely.… Read More

Shares in IBM are trading a little lower pre-market on Tuesday following the group’s Q3 earnings release yesterday. IBM posted third-quarter earnings per share of $2.58. Revenues came in at $17.56 billion, narrowly beating expectations for… Read More

Now that we are seeing a second wave of COVID spreading around the world, retail sales figures are back as an important indicator of market direction. Countries are reimposing different kinds of lockdown measures hoping to slow the… Read More