Commodity trading: Oil, gold rises
Oil prices rose on Wednesday after US oil storage data showed a larger-than-expected drawdown in crude stockpiles, a sign usage is ramping up ahead of the summer driving season, an important time in commodity trading.Brent crude futures were up 52 cents, or 0.63%, at $83.68
Online Forex Trading: Inflation Risks Could Shift Your Trading Strategy
Online forex trading revealed ample opportunity for traders and investors.Global shares held close to one-month highs on Tuesday as traders saw better chances that the US Federal Reserve will deliver one, or even two, interest rate cuts this year, while a mixed bag of
Stocks Today: Are You Missing Out on Big Trades?
U.S. stock indexes built on Friday’s advances this Monday as stocks rallied today as investors bet the Federal Reserve would cut interest rates later this year after a report Friday showed the U.S. economy added fewer-than-expected jobs in April.The benchmark S&P 500 and the
Top commodity news: Oil & gas trading opportunities!
In top commodity news - Saudi Arabia’s real gross domestic product (GDP) contracted by 1.8% on a year-on-year basis in the first quarter of 2024, following a 3.7% drop in the fourth quarter of 2023.This comes as lower oil output and crude prices weighed
Latest forex insights: USD climbs, Rand hold, Yen in focus!
Options on Secured Overnight Financing Rate (SOFR) futures are indicating an increased likelihood that the Federal Reserve might raise interest rates this year and the next, as seen in the latest forex insights. These insights are pivotal as US. inflation and the labor market continue
Top stocks: Tesla, Apple gain in trading
In a very choppy trading session on Monday, Wall Street’s main indexes ended slightly higher, with top stocks such as Tesla and Apple surging. Tesla shares jumped almost 13% as the electric vehicle giant cleared a major hurdle for its autopilot software in China.The
Latest oil trends: Prices rally, traders eye new Namibia deposits!
Brent crude oil prices held steady in the latest oil trends. Oil moved close to $88 a barrel on Wednesday, after a rally the previous day, spurred by a surprise drop in US crude inventories and shrinking business activity in the US, the world’s biggest
Tesla shares rise ahead of quarterly results – is it a buy?
Tesla’s shares (TSLA.O) on Tuesday jumped 2.3% to $145.34 in morning trading ahead of the electric car manufacturer’s publication of first-quarter results: Its gross profit margin was expected to fall to the lowest level since 2016 after the company lowered prices and demand ebbed. The
Latest stock trends: US stocks rise, Tesla price drops
In the latest stock trends, US stock indices were expected to open higher on Monday following sharp declines in the prior session, after easing tensions in the Middle East buoyed risk appetite.The relief rally comes at a crucial point in the market’s earnings calendar,
Commodity news: Oil price falls nearly 3%
In commodity news, Oil prices fell almost 3% on Wednesday as upward pressure from concerns about violence in Ukraine gave way to weaker economic indicators from China and the passage of US legislative support for Ukraine and Israel, according to Reuters.Brent June crude futures