Currencies
The dollar traded slightly lower as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, while gold prices rose. The U.S. dollar traded slightly lower as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data. Rupee opened on a week note on global dollar strength and weaker-than-expected performance of BJP in state elections, particularly Bengal, said Abhishek Goenka, Founder and CEO, IFA Global.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.06 per cent at 91.33. In the euro area, manufacturers are battling unprecedented delays in securing raw materials and parts, leading to a record build-up of uncompleted orders and rising prices. Strong euro zone factory activity and German retail sales data pushed European stocks up. On Friday, rupee had closed at 74.09 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading higher by 0.06 per cent at 91.33. In the euro area, manufacturers are battling unprecedented delays in securing raw materials and parts, leading to a record build-up of uncompleted orders and rising prices. Strong euro zone factory activity and German retail sales data pushed European stocks up. On Friday, rupee had closed at 74.09 against the US dollar.
Metals
BEFORE THE BELL Futures for Canada’s main stock index edged higher, boosted by rising gold prices, while investors awaited factory activity data and earnings update. Elliott Wave Gold: Wave (ii) completed, but needs confirming that the structure is bullish and not bearish, there is still risk to the downside. S&P 500 futures pointed to a move higher at the open, the Treasury cash market was closed and gold gained. Gold Trading Strategy: Long above 1780 Video Length: 00:18:12 Peter Mathers started actively trading in 1982.
Oil
Saudi seaborne crude exports for last week were seen at 36.0 million bbl (5.1 million bpd) compared to 37.1 million bbl (5.3 million bpd) the week prior. OPEC production was assessed by the Reuters OPEC survey at 25.17 million bpd in Apr, a 100,000 bpd increase month on month. Brent crude futures, the global oil benchmark, was down by 0.45 per cent to $66.46 per barrel. In Europe, the Stoxx 600 Index was broadly unchanged at 5:50 a.m. Eastern Time with energy stocks among the worst performers as oil demand fears rose again.
Reuters also calculated a 2% increase in Russian oil and gas condensate production. less A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.J. Demand concerns from India and higher OPEC+ supply pulled Brent crude lower. However, that is the least likely of scenarios as most traders are playing the “reopening trade” through the oil market. Gullfaks operator Equinor has estimated the size of the spill at 17.5 cubic metres (110.1 barrels) of oil,” it added.
For real time export numbers please refer to the Oil Flows Explorer on Eikon.
Reuters also calculated a 2% increase in Russian oil and gas condensate production. less A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.J. Demand concerns from India and higher OPEC+ supply pulled Brent crude lower. However, that is the least likely of scenarios as most traders are playing the “reopening trade” through the oil market. Gullfaks operator Equinor has estimated the size of the spill at 17.5 cubic metres (110.1 barrels) of oil,” it added.
For real time export numbers please refer to the Oil Flows Explorer on Eikon.
United States
BEFORE THE BELL Wall Street futures traded higher, after the major indexes ended down in the previous session weighed down by technology-related companies. Wall Street futures traded higher, after the major indexes ended down in the previous session weighed down by technology-related companies. However, the situation might soon change, as coronavirus restrictions in the region start to ease and flows to the US slowdown on the back of sufficient supply.
A follow-up to this expectation is that we also anticipate more new, record levels for certain of the major averages, including the Nasdaq (COMP). This is what is commonly known as the Fed’s Quantitative Easing operation for which every 2 weeks the Fed is buying assets in a single day of roughly $12.5bn. Fed Chair Jerome Powell speaks at an event at 2:20 p.m. Loews Corp., Avis Budget Group Inc. and Estee Lauder Cos. are among the companies reporting earnings later. Historically, long streaks of elevated sentiment always led to more gains for the Nasdaq over the next 3 months (QQQ).
The Nasdaq Daily Sentiment Index fell below 60 for the first time in more than 3 months toward the end of February. The first word on what Wall Street is talking about. Most noticeably, Thursday’s reaction on the Nasdaq 100 (NDX) followed results from AAPL and FB on Wednesday.
A follow-up to this expectation is that we also anticipate more new, record levels for certain of the major averages, including the Nasdaq (COMP). This is what is commonly known as the Fed’s Quantitative Easing operation for which every 2 weeks the Fed is buying assets in a single day of roughly $12.5bn. Fed Chair Jerome Powell speaks at an event at 2:20 p.m. Loews Corp., Avis Budget Group Inc. and Estee Lauder Cos. are among the companies reporting earnings later. Historically, long streaks of elevated sentiment always led to more gains for the Nasdaq over the next 3 months (QQQ).
The Nasdaq Daily Sentiment Index fell below 60 for the first time in more than 3 months toward the end of February. The first word on what Wall Street is talking about. Most noticeably, Thursday’s reaction on the Nasdaq 100 (NDX) followed results from AAPL and FB on Wednesday.
China
Chinese Solar Firm Plans Tours to Rebut Forced Labor Claims U.S.-listed Daqo New Energy Corp. has fired back at allegations of forced labor in Xinjiang. Beijing seems to not yet have figured that out.
Europe
But the key points at issue in the Epic case and the EU charges go well beyond the size of Apple’s cut. On Friday, European Union regulators said in an antitrust complaint that Apple is abusing its power as a gatekeeper for app makers. Amazon.com Inc: Europe’s second-highest court will rule on May 12 on Amazon’s appeal of an EU order to pay about 250 million euros in back taxes to Luxembourg. Apple still has a chance to argue its case before the EU’s regulatory commission before it renders its decision.
Apple responded that the EU s argument on Spotify s behalf is the opposite of fair competition.
It allows China to enlist countries to advocate for it in blocs including the European Union. Most of the demand increase that they see are in places like the United States, China, the European Union and the United Kingdom.
0 Apple responded that the EU s argument on Spotify s behalf is the opposite of fair competition.
It allows China to enlist countries to advocate for it in blocs including the European Union. Most of the demand increase that they see are in places like the United States, China, the European Union and the United Kingdom.
