The downward trend of Brent crude oil prices has been prominent, with prices dropping to 81.14 USD per barrel as of Wednesday. This decline has persisted for five consecutive sessions, largely due to the noteworthy decrease in US oil inventories. The latest data reports a reduction of 3.9 million barrels, exceeding the anticipated decline of
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Delta Air Lines has been making significant progress in returning to normal operations after experiencing a high number of flight cancellations. The Atlanta-based carrier reported a drastic decrease in cancellations, with only 47 flights being cancelled as of 6:30 a.m. ET compared to 511 on Tuesday and 1,160 on Monday. This marks a substantial improvement
The semiconductor industry has been closely monitored in recent years, especially with the rise of China as a key player in the global market. According to a recent report by Bank of America analysts, four of the world’s largest semiconductor equipment manufacturers, including ASML, have experienced a significant increase in their China revenue. Since late
The NZD/USD pair is currently facing downward pressure around 0.5945 in the early Asian trading session, with a 0.25% decline on the day. This decline can be attributed to rising expectations of rate cuts by the Reserve Bank of New Zealand (RBNZ) and concerns about sluggish Chinese economic activity. The recent softer Consumer Price Index
UBS analysts are confident in their prediction of a soft landing for the US economy. They point to moderating consumer spending as a key factor in bringing down inflation. While recent economic data may show positive surprises, UBS believes that the underlying trend of below-trend growth remains. The Institute for Supply Management’s purchasing managers indexes
Last week, the dollar index saw a slight rebound after four consecutive weeks of losses. However, upon closer examination, it appears to be a brief period of profit-taking by sellers before a potential new downward trend. The pressure on the US dollar began in late June when the Federal Reserve acknowledged progress in reducing inflation.
After carefully examining the Elliott Wave analysis on the Australian Stock Exchange (ASX) related to COCHLEAR LIMITED – COH, it is evident that the analysis focuses on wave ((4)) – navy concluding as a Triangle, and wave ((5)) – navy ready to advance. The analysis indicates that wave ((4)) – navy ended at the low
When it comes to investing, it is crucial to understand the risks and uncertainties involved in forward-looking statements. The information provided on various platforms is for informational purposes only and should not be taken as a recommendation to buy or sell any assets. It is important to conduct your own research and analysis before making
Berkshire Hathaway recently made a strategic move by trimming its gigantic Bank of America holding for the first time in 4½ years. This decision came after Bank of America’s strong 2024 run, where Warren Buffett’s conglomerate sold 33.9 million shares of Bank of America for almost $1.5 billion in separate sales. This marked a significant
Ukraine made an announcement on Monday regarding a preliminary agreement with a group of bondholders to restructure $19.7 billion in debt. This ad hoc group, which controls 22% of the bonds, has shown support for the deal. Additionally, investors holding an additional 3% of bonds have also indicated their approval. The next step involves bondholders
EUR/USD has seen a steady increase recently, breaking through the 1.0910 resistance level. The pair managed to climb above the 1.0910 resistance, entering a bullish zone. However, it seems to be currently correcting its gains as it dropped below the 1.0910 level. The pair is now testing the 23.6% Fib retracement level from its recent
The EUR/USD pair edged higher to 1.0895 in Monday’s early Asian session, up 0.12% on the day. This increase can be attributed to Fed’s Williams statement that the US central bank is “getting us closer to a disinflationary trend that it’s looking for.” The rising bets on the Federal Reserve rate cut in September and
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