Markets

The world’s second-largest economy, China’s most recent data on crude oil importation showed a record high in the previous month despite growing concerns that the Chinese leadership imposed economic restrictions particularly in regions hit by COVID-19 resurgence. Data from the General Administration of Customs showed…

Gold futures contract gained 0.68% on Monday, as it retraced some of late last week’s downward correction following Wednesday’s advance to new long-term high. The gold futures contract gained 0.68% on Monday, as it retraced some of late last week’s downward correction following Wednesday’s advance…

Technically, the main trend is down on the weekly chart, but things could get interesting if buyers can successfully defend $1.721 to $1.672 . Natural gas futures finished higher last week with most of the gains driven by a two-day, weather-related surge on July 6…

It’s a mixed start to the day for the majors. A Bitcoin break out from Sunday’s high $9,368.4 would deliver support to the broader market. Bitcoin, BTC to USD, rose by 0.76%% on Sunday. Reversing a 0.63% decline from Saturday, Bitcoin ended the week up…

Analog Devices Inc said it is in advance talks to buy Maxim Integrated for over $17 billion, reported the Wall Street Journal, citing people familiar with the matter. Analog Devices Inc, an American multinational semiconductor company, said it is in advance talks to buy Maxim…

It’s a quiet day of a busy week on the economic calendar. With earnings also in focus this week, there’s plenty for the markets to think about. The Majors A run of 3 consecutive days in the red came to an end on Friday. The…

The direction of the September U.S. Dollar Index on Friday is likely to be determined by trader reaction to the 50% level at 96.690. The U.S. Dollar is climbing against a basket of major currencies on Friday, following yesterday’s potentially bullish closing price reversal bottom.…

It will be another testy day for the European majors. There are no material stats to consider, leaving COVID-19 and geopolitics in focus. The Majors It was a 3rd consecutive day in the red for the European majors on Thursday. The CAC40 fell by 1.21%,…

It’s a bearish start to the day. A Bitcoin move through to $9,400 would signal a rebound for the broader market. Bitcoin, BTC to USD, slid by 2.32% on Thursday. Reversing a 1.94% gain from Wednesday, Bitcoin ended the day at $9,248.9. It was a…

The Dollar finds support as the rise in COVID-19 cases continues. More bad news today and expect risk aversion to linger. Earlier in the Day: It was another relatively quiet start to the day on the economic calendar. The Kiwi Dollar was in focus in…