Crude oil futures have been trending lower since topping out at a corrective high of $110.93 on April 30. That decline extended to a low of $67.04 last week, a drop of $43.89, or roughly 39.6%, from that peak. Last week’s low briefly pushed below the February 27 closing price of $67.28—the day before the […]
Iceland’s foreign trade deficit increased in June from a year ago as imports grew faster than exports, preliminary figures from Statistics Iceland showed on Tuesday. The trade gap widened to ISK 57.4 billion in June from ISK 39.8 billion in the corresponding month last year. In May, the shortfall was ISK 56.9 billion. Both exports
What the numbers say JPMorgan is forecast to report adjusted earnings of $5.62 per share on revenue of $49.5 billion, with the consensus EPS estimate revised up 3.7% over the past four weeks. The bank has beaten on earnings in each of its last eight quarters, and shares sit near $338 against an average analyst
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The explosive post-IPO price action on SpaceX has entered a potential bearish consolidation phase. After surging from its 135.00 IPO floor to an intraday all-time high of 225.64 on 16 June 2026, the stock has shed 28%, closing at 160.42 on Monday, 6 July 2026, signalling that the initial hyper-bullish impulsive wave has reached exhaustion.
Bitcoin may have delivered one of its most encouraging signals in weeks, but it was not the rebound itself that mattered. Instead, it was the market’s ability to absorb heavy institutional selling without extending its decline. After briefly falling below USD 58,000 last week, Bitcoin quickly reclaimed the USD 60,000 level and still finished the
China gold reserves at the end of June 2026: 75.44 million troy ounces In May 2026: 74.96 million troy ounces China gold reserves value at the end of June 2026: $303.72 billion In May 2026: $340.75 billion Central bank buying in gold has cooled a little since the turn of the year but China is
2026.07.07 2026.07.07 Short-Term Analysis for Oil, Gold, and EURUSD for 07.07.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro continues
Japan’s leading index improved further in May to the highest level in nearly five years, preliminary data from the Cabinet Office showed on Tuesday. The leading index, which measures future economic activity, climbed to 116.8 in May from 116.1 in April. Moreover, this was the highest reading since July 2021, when it was 116.9. The
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Sterling’s rally has been about more than better sentiment toward the UK. It has been driven by the disappearance of one of the market’s biggest bearish trades. As political uncertainty faded following the resolution of Labour’s leadership transition, investors who had built sizeable short Sterling positions found themselves on the wrong side of the market.
More – Samsung’s record profit fails to stop shares plunging, dragging KOSPI down 6% Nasdaq analysis today at investingLive.com as Asian session shows tech under pressure Asia stocks fall as chip selloff spreads, breaking ranks with Wall St highs Softer Japan wage data unlikely to derail BOJ hikes, even as yen risk grows PBOC’s Pan
Pimco’s G10 foreign exchange forwards trading with Societe Generale more than doubled during the first quarter of 2026, boosting the bank’s total volumes with US asset managers. Societe Generale became the California-based fund manager’s top counterparty during the quarter, where it traded an additional $37.8 billion in FX forwards compared to the previous three months,
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The NZX 50 rose 13 points, or 0.1%, to 13,776 in Tuesday morning trade, extending its winning streak to a third consecutive session and setting a new record high. The move followed an overnight rally on Wall Street, led by strong gains in semiconductor stocks. Softer oil prices further supported sentiment by easing inflation worries
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
The average of household spending in Japan was up a seasonally adjusted 3.7 percent on month in May, the Ministry of Internal Affairs and Communications said on Tuesday – standing at 320,345 yen. That beat expectations for an increase of 1.4 percent and was up from 1.6 percent in April. On a yearly basis, spending
