Gold Price Past $1,900 as US Dollar and Bond Yields Plunge
Gold price is on a 4-month high after moving past the psychological level of $1,900.The US dollar’s downtrend, which has lasted since the beginning of April, has fuelled the rally.The…
Lumber Prices: Heightened Volatility Is Not Over Yet
Lumber prices remain subject to heightened volatility but may fail to hit a new record high. After hitting limit down and limit up in the past week, prices are down by…
Crude Oil Price Whipsaws Amid Air Travel Recovery
As the European countries reopen for air travelers, the number of air bookings is more than double.Oil stockpiles have increased according to the recent data from EIA.The Net Zero report…
AUD/USD Rebounds After RBA Meeting Minutes
Chinese data AUD/USD price movement on Monday was a sign of the interconnectivity of economies. Despite the geopolitical tensions between Australia and China, yesterday’s reaction signaled that countries’ reliance on…
Dow Jones Outlook Ahead of Walmart, Home Depot, Cisco Earnings
The Dow Jones index jumped by more than 350 points on Friday after the relatively weak US retail sales numbers. The index ended the week at $34,382, which was still…
Alibaba Stock Price: More Pain Ahead After Earnings but Recovery Likely
The Alibaba stock price sank by more than 6% in New York after the company recorded its first loss as a public company. The meltdown continued in Hong Kong, where…
GBP/USD: Bears Eye 1.4 After US CPI Rise the Highest Since 2009
GBP/USD is trading lower on Wednesday as a reaction to the US inflation data. According to the US Bureau of Labor Statistics, consumer prices rose by 0.8% on April MoM.…
Here’s Why the Dow Jones Choked Ahead of US Inflation Data
The Dow Jones Industrial Average had its worst day since February as fears of inflation continued. The index declined for the second consecutive day, shedding 478 points. These losses are…
GBP, BRL, and XAU Rally while the Dollar Weakens on Disappointing NFP
Major currencies led by the British pound are rallying amid weakness in the dollar following a disappointing NFP report.Major indices are flirting with all-time highs in the wake of weak…
Crude Oil Price Forecast Ahead of EIA’s STEO, OPEC Monthly Report
Crude oil is trading lower on the first day of the week. Brent futures were down by 0.41% at $67.92. WTI futures fell by 0.06% at $64.86. Prolonged shutdown of the system…
ARKK Hangs in the Balance as Rotation From Growth Intensifies
The Ark Innovation Fund (ARKK) is under intense pressure as most of its constituent companies struggle. The fund is down by more than 33% from the year-to-date high and is…
Peloton Stock Price Analysis: It Could Get Worse Before it Gets Better
The Peloton (PTON) stock price crashed on Wednesday after the company announced a decision to recall its popular treadmills after a series of accidents. The PTON share price declined to…
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