Author: Admin
U.S. stock futures jumped and oil prices fell on Tuesday evening, after President Donald Trump announced a two-week-long cease-fire deal with Iran that would delay a planned American bombing assault on the country and make more time for negotiations between the two sides.
Iran’s Foreign Minister, Abbas Araghchi, said on Tuesday that safe passage of Hormuz will be possible for two weeks. This statement came after US President Donald Trump agreed to a two-week ceasefire with Iran. Key quotesIf attacks are halted, forces will stop actions.Safe passage of Hormuz will be possible for 2 weeks.Iran will halt attacks provided attacks against it cease.Market reactionCrude oil prices attract some sellers following this headline. At the time of writing, the West Texas Intermediate (WTI) is down 14.15% on the day at $88.85 WTI Oil FAQs WTI Oil is a type of Crude Oil sold on international…
Pershing Square has proposed a merger to address the stock’s “underperformance.”
USD Index, Crude Oil, and Stocks Gold Prices Today I’ve been watching the USD Index closely, and for me the key is the up-sloping trend line that more or less cuts through Thursday’s low. At the same time, the 100 resistance level stands out. What caught my attention is that the USD Index didn’t rally alongside crude oil to the same extent, which is something I can’t ignore in this environment. Because of that, I’m keeping a close eye on gold. From where I sit, its moving averages are starting to turn back up, and that usually signals something…
The largest part of the economy grew a bit slower in March as the Iran war drove up oil and other prices and companies responded by reducing employment, suggesting a rockier path for the economy until the conflict ends.
Pound Sterling bounces back against US Dollar as market sentiment improvesThe Pound Sterling attracts significant bids against the US Dollar (USD) on Monday, rising 0.45% to near 1.3255 during the European trading session. The major currency pair gains as the risk-on impulse strengthens, following comments from Iran that it is reviewing the United States (US) ceasefire proposal.The market sentiment turning favorable for riskier assets has diminished the appeal of safe-haven assets. During the press time, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.35% to near 99.85. The DXY traded marginally higher…
“My parents knew nothing about finance and investing, so my buddies and I had to figure it out on our own.”
Brent vs WTI Oil Price The global oil market has entered a highly event-driven phase, leaving traders questioning whether Brent or WTI crude should serve as the primary benchmark. Traditionally, Brent crude has been viewed as the global pricing standard, while WTI has reflected U.S. domestic conditions. However, recent geopolitical and supply dynamics have blurred these distinctions, making the choice far less straightforward. With the price of oil driving all global markets, choosing the benchmark to follow is important for all global traders. Oil Price The initial driver of the widening spread between Brent and WTI was rooted…
As the Final Four of March Madness tips off, multiple athletes are now earning over $1 million from NIL deals
GBP/USD slips after blockbuster NFP revives Fed hold outlook betsThe GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205. Read More…GBP/USD trades slightly higher in thin holiday trade ahead of US NFPThe British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support. However, price action remains subdued amid thin liquidity conditions due to the Good Friday holiday, with trading…