High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you…
United States Baker Hughes US Oil Rig Count: 480 vs previous 482
Judge sentence Trump to unconditional discharge over hush money case Imposes no jail or fine but sentence places a judgment of guilt on Pres. Elects record. Justice Juan M. Merchan sentenced Donald J. Trump to an unconditional discharge, a rare and lenient outcome in New York state courts, solidifying his status as a felon before his inauguration. Unlike a…
AccuWeather estimates that damage from LA wildfires could reach $150 billion. JPMorgan estimates $20 billion worth of insured damage. Chubb, Travelers and Allstate are most affected by fires. US December NFP showed Unemployment Rate falling, making Fed likely to hold. The news continues to be bad at the start of 2025 for US equity investors. What first appeared to be…
Although yields have stabilized with the 10 year up 4.7 basis points, stocks continue to come under pressure with the NASDAQ index now down -400 points or -2.05%. The S&P index meanwhile is down -93 point or -1.57%. The small-cap Russell 2000 is also lower by -2.10%. With 10 year yields up from 3.60% to 4.78%, that has a…
The 2020s have been a whirlwind decade for Wall Street’s brightest tech stocks, and 2025 could see even more growth as it appears certain that one of the Magnificent Seven will surpass a $4 trillion valuation for the first time. But could one stock reach a $5 trillion market capitalization this year? Nvidia’s (NASDAQ: NVDA) market performance since 2020…
US sanctions more than 180 tankers in Russia’s shadow fleet Sanctions Gazprom Neft and Surgutneftegas Senior Biden official says he expects sanctions to cost Russia upwards of billions of dollars per month Expects Russia to make every effort to circumvent sanctions but costs of doing so will pile up Sanctions also target dozens of traders, oil-field services and Russian…
Pound Sterling plummets on surprisingly upbeat US job demand The Pound Sterling (GBP) plunges to near 1.2200 against the US Dollar (USD) in Friday’s New York session, the lowest level in 14 months. The GBP/USD pair faces intense selling pressure as the US Dollar rallies after the release of the United States (US) Nonfarm Payrolls (NFP) data, which showed that labor demand surprisingly remained robust in December. Read…
The NZDUSD has stretched lower in trading today as the pair is hit on “risk off” flows as well as higher rates.The currency pair is down around -0.70% and the biggest mover vs the USD today. Technically, the price is stretching closer to the 2022 low which reached 0.55105. The low price today has reached 0.5541. It is stretching….
Silver climbs 0.80% to $30.35, outstripping concerns over U.S. inflation, Fed scrutiny. Technical hurdle at 50-day SMA of $30.42; breach could push silver to $30.80. Downside risks if silver drops below $30.00, key support at 200-day SMA, lows near $28.78. Silver Price rises for the seven straight day putting aside the jump in US Treasury bond yields and the…
