Market News

US Stocks Market The Week Ahead

08 Mar 2021 16:07:38

With fourthquarter earnings season in the rearview mirror we are looking into the coming economic data and companies events this week.The economic highlights of the week will be a pair of inflation measures from the Bureau of Labor Statistics. The...

Every $1 Trillion Of Stimulus Will Add $4-$5 To EPS, Sentiment And Rising Yield Are Lifting The USD Which In Turn Put Pressure On Gold

08 Mar 2021 15:26:21

The U.S. President Joe Bidens $1.9 trillion stimulus package on the weekend helped sentiment but had long been anticipated. Ironically too it helped to urge on the recent spiking of bond yields which put pressure on stocks.With the Senates passage...

Oil Price Up After Attack At The Heart Of Saudi Arabia Oil Industry, More Upside Expected

08 Mar 2021 14:10:34

US West Texas Intermediate (WTI) crude for April rose $1.60 or 2.4 percent to $67.69. The April WTI price touched $67.98 a barrel earlier the highest since October 2018.Yemens Houthi forces fired drones and missiles at the heart of Saudi...

Oil Up, Breaking the $70 mark, in Wake of Attack on Critical Saudi Facility

08 Mar 2021 13:37:00

Oil was up Monday morning in Asia with a reported attack on Saudi Arabia oil facilities giving the black liquid a boost. Brent futures remained above the $70 mark that was reached for the first time since the start of...

Gold Up, Regains Shine Thanks to Softer Dollar, U.S. Stimulus

08 Mar 2021 13:32:08

Gold was up on Monday morning in Asia bouncing back from the ninemonth low hit during the previous session over a softer dollar.The U.S. Senates passage of a $1.9 trillion stimulus package also boosted the bullions appeal as a hedge against...

As Bitcoin Trying To Establish A footing, Bloomberg Analyst Tweeted A Year End Target Of $100,000

05 Mar 2021 09:53:15

Despite the current battle between Bitcoin bulls and bears around the $50000 price mark and an 8.7% pullback over the past 24 hours a raft of analysts and commentators have got out their crystal balls to tip a glittering future...

Fed's Chairman Jerome Powell Confirm It Will Maintain Easy-Money Policies

05 Mar 2021 09:30:27

Federal Reserve Chairman Jerome Powell reiterated his intention to keep easymoney policies in place but provided no sign the central bank will seek to stem a recent rise in Treasury yields prompting them to rise further.Stocks also sold off on...

Is This Time To Buy Boeing Stock? This Chart Say Yes.

04 Mar 2021 15:35:50

Stock in Boeing is on the move toward breaching a key level. If it does so it would signal that investors expect the aerospace recovery to continue apace in 2021 as well as indicating traders can expect more gains for...

USD Is Strengthening Ahead Of Fed's Chair Jerome Powell Speech Virtually Tomorrow Morning In Asia

04 Mar 2021 14:00:32

The US dollar is steady rising so as the U.S. Treasury yields lending support ahead of a speech by Federal Reserve Chairman Jerome Powell that may determine the trend for global bond markets and currencies as a renewed sense of...

Netflix The Next Major Company To Buy Bitcoin According To Billionaire Tim Draper

04 Mar 2021 13:08:23

The famous investor picks Netflix among major companies as the most likely to put Bitcoin on its balance sheet.Netflix may just be the next Fortune 100 company to buy Bitcoin (BTC) and Amazon will have to accept it says billionaire...