Markets

JOHANNESBURG (Reuters) -Heineken NV confirmed on Tuesday that it was in talks with South Africa’s Distell about a possible acquisition, in what would mark a push into wine and spirits for the world’s second-largest brewer. Distell, whose market capitalization was 31.8 billion rand ($2.27 billion)…

GOLD is bullish but it is at resistance and can make a retracement. If we see the break below 1866 then GOLD is going to retrace further. We should see a move down then up and go long the dip. A possible sell is coming…

The price action suggests investors believe demand issues will be solved in a matter of time as vaccinations increase. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher early Tuesday, helped by optimism for increased fuel demand following the reopenings of…

EUR/USD managed to get above the resistance at 1.2175 and is moving towards the next resistance at 1.2220. U.S. Dollar Remains Under Pressure Against Euro EUR/USD is currently moving towards the resistance level at 1.2220 while the U.S. dollar is losing ground against a broad…

The direction of the AUD/USD on Tuesday is likely to be determined by trader reaction to .7790 and .7769. The Australian Dollar is trading higher early Tuesday, recovering from an unexpected setback the previous session. The catalyst behind the strength is the weaker U.S. Dollar…

It’s a busier day on the economic calendar. Following GDP numbers from Japan and the RBA Meeting Minutes, the Pound and the EUR will be in focus later today. Earlier in the Day: It was a relatively quiet start to the day on the economic…

Gold is 0.3% higher this morning, as it is extending the short-term uptrend. What about the other precious metals? The gold futures contract gained 0.77% on Friday, as it continued to fluctuate following its previous week’s rally. The price broke above a short-term consolidation along…

The early price action suggests the direction of the June U.S. Dollar Index on Monday is likely to be determined by trader reaction to 90.435. The U.S. Dollar is edging lower against a basket of currencies on Monday, basically mirroring the price action in U.S.…

EUR/USD is trying to get to the test of the resistance at 1.2155. Resistance At 1.2155 In Sight EUR/USD is currently trying to settle above the resistance at 1.2130 while the U.S. dollar is flat against a broad basket of currencies. The U.S. Dollar Index…

Consequently, data retrieved from Glassnode affirmed the Bitcoin supply held by long term holders has returned to accumulation mode, even as price dips. The flagship crypto on Sunday night broke its key support levels amid intense selling pressures in play as weighed heavily on the…