Breaking: U.S. Oil Futures Drop Following Unexpected Weekly Surge in Crude Supplies!
U.S. oil futures settled with a loss on Wednesday after the Energy Information Administration reported the first weekly gain in U.S. crude supplies in four weeks. June West Texas Intermediate crude CLM23 fell $1.15, or 1.6%, to settle at $72.56 a barrel on the New York Mercantile Exchange.
“MUFG Predicts Supportive External Factors Will Drive Down USD/JPY Exchange Rates!”
The Japanese yen is expected to continue its strengthening trend despite recent setbacks, as the country’s economy continues to experience growth and the U.S. dollar becomes devalued. Economists at MUFG Bank believe that the external backdrop is supportive for a lower USD/JPY, which remains significantly overvalued. One reason for this outlook is the ongoing loss […]
“Dow Plummets 367 Points: Stocks Tumble as Investors Anticipate Federal Reserve’s Rate Ruling”
US stocks closed lower on Tuesday, ahead of a potential interest rate hike from the Federal Reserve. The Dow Jones Industrial Average dropped by around 367 points or 1.1%, ending near 33,684. The S&P 500 index fell by 1.2%, and the Nasdaq Composite Index closed 1.1% lower. These figures are according to preliminary FactSet data. […]
“Last-Minute Trading Frenzy: Stocks Dip, S&P 500 Resilient Amid Fluctuations”
On Monday, trading on the Nasdaq Composite moved closer to the 12,255.95 level it needs to close above in order to exit its 138-trading-day bear market. This comes as all three major stock indexes were little changed to slightly lower in the final hour of trading, with stocks initially seeing modest gains earlier in the […]
US Stocks Plunge as Amazon’s Gloomy Cloud Forecast & Stubborn Inflation Rattle Investors
U.S. stock indexes opened lower on Friday after Amazon warned about a slowdown in its cloud business, while strong inflation data cemented expectations for higher rates in the U.S. The Dow Jones Industrial Average dropped 70 points, or 0.2%, to 33,758. The S&P 500 was down 0.1%, while the Nasdaq Composite lost 0.3%. Amazon.com Inc. […]
“Oil and BoC Shifts Offer Exciting Opportunities: Unveiling MUFG’s Lower Scope Predictions”
The USD/CAD is heading towards its lowest weekly close since February, falling below 1.3400. Analysts at MUFG Bank believe that the Canadian Dollar has the potential for short term outperformance. They have expressed caution regarding the prospects for CAD, stating that it will most likely be a laggard compared to most of the G10 currencies […]
“Ethereum’s Shanghai Upgrade Deflates Selling Pressure Fears, CryptoQuant Reveals: The Intriguing Reason Why”
Ethereum’s selling pressure is expected to be lower than initially feared after the recent network upgrade, according to blockchain analytics firm CryptoQuant. This development may significantly impact investor sentiment and could potentially lead to increased adoption and value for Ethereum. The Ethereum network underwent a significant upgrade on June 5th, 2021, with the implementation of […]