March 28, 2024
Oil Prices Rallied
Oil prices are into solid positions, following two consecutive days of losses. This is the case as markets predict more limited supply levels.OPEC+ producer alliance are very expected to preserve the present production reduction levels. Now, oil trades at $82.56, which is a gain of $0.91 or 1.12% from the previous close of $81.65. The […]
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March 28, 2024
Will The Bank Of Japan Intervene With The Yen?
Talk of intervention by the Bank of Japan is heating up as the Yen remains near a 34-year low against the U.S. dollar. The Yen reached a level of 151.97 against the U.S. dollar on Wednesday, something not seen for the currency pair since 1990. After hitting that level the Yen pared some of its […]
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March 27, 2024
Gold Surpasses $2,200 Level
At the close, spot gold was up 0.5% at $2,189.89 per ounce. U.S. gold futures settled 0.6% higher at $2,212.7. Gold prices leapt above the $2,200 level on Wednesday as investors prepare themselves for upcoming inflation data that is hoped to provide further signs that the Federal Reserve can move ahead with interest rate cuts […]
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March 27, 2024
European Daily Market Review
European stocks are without a clear market direction today as market momentum wanes. The regional Stoxx-600 lost 0.04% at 9:50 a.m. in London, with retail stocks rallied 1.65% as travel stocks fell 0.65%. The German DAX secured 64.45 or 0.35% from 18,448. The French CAC-40 gained 8.77 or 0.11% from 8193.FTSE-100 slipped 22.29 or 0.28% […]
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March 27, 2024
U.S. Daily Market Review
The S&P-500 jumped today following a weaker session.The Dow Jones Industrial Average gained 254 points, or 0.6%. The Nasdaq Composite fell 0.1%.Shares of Coinbase tumbled around 2% this morning after a judge ruled the Securities and Exchange Commission has pleaded that the crypto services company operates as an exchange under federal securities law. Trump Media […]
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March 26, 2024
Cocoa Supply Shortage Likely To Persist
Cocoa is not typically a closely watched commodity, but for those who have been watching significant profits may have already been collected with more to come as the delicious product is now reaching record levels, with little relief in sight. The issue is a supply concern as cocoa farmers in West Africa have been hit […]
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