Crude Oil Price Forecast: CL Snaps Back – Pullback or Reversal?
Crude oil prices have snapped back and taken out a big level of support along the way. Is a bigger reversal brewing in oil prices?
Supply chains get serious about the circular economy
There were a record number of supply agreements for recycled material in 4Q 2020. Not only is the number of circular economy partnerships rising, but the engagements are more substantial.
Hong Kong/China rally may just be starting as downtrend broken
The bull case for outperformance by Hong Kong equities is strengthening from a technical signal, as the MSCI Hong Kong ETF (EWH) has formed a bullish chart relative to its China peer (MCHI).
Big oil brethren Chevron, Exxon Mobil charting opposite paths
U.S. oil majors Exxon Mobil and Chevron walked in lockstep for years, but that’s poised to change this decade.
Oil Sinks 4 as European COVID Curbs Raise Demand Worries
Oil futures fell sharply Tuesday, pressured by fears renewed lockdowns to combat the coronavirus pandemic in Europe would crimp energy demand. West Texas Intermediate crude for May delivery down 2.44, or 4, at 59.12 a barrel on the New York Mercantile Exchange. May Brent crude the global benchmark, dropped 2.69, or 4.2, to 61.93 a barrel on […]
Westpac sees NZ House Prices 10 Lower over Long Term
WELLINGTON, March 23 Reuters Measures announced by New Zealand on Tuesday to cool its red hot property market could see home prices settle around 10 lower in the long term, and there could be much greater effects in the short term as some investors exit the market, Westpac Bank said. New Zealand introduced a raft […]
Escalating EUChina Tensions could Jeopardize new Deal
Worsening tensions between the European Union and China could jeopardize an investment deal that the two sides recently negotiated. The EU on Monday imposed sanctions on four Chinese officials and one entity for human rights abuses in Chinas northwestern Xinjiang region. The move was part of a coordinated action against Beijing by the U.S. and […]
Gold Prices Trade near Neutral as Bond Yields Recede
Gold prices were little changed Tuesday with investors eager to glean fresh insights in congressional testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen later in the session. The pair of regulators are set to provide at noon the first of two days of testimony about the health of the U.S. economy […]
Japanese shares rise as chip sector tracks Nasdaq higher
TOKYO, March 23 Reuters Japanese equities advanced on Tuesday as investors bought chiprelated shares following a tech rebound on Wall Street overnight, while automakers rebounded from sharp losses in the previous session. The Nikkei share average added 0.61 to 29,350.93 by 0144 GMT, while the broader Topix gained 0.39 to 1,997.94. The Japanese market does […]
NZD near 3Month Low, Aussie Weakens as Oil Underperforms
SYDNEY, March 23 Reuters The New Zealand dollar on Tuesday hovered near its lowest levels this year as investors bet measures to cool its redhot housing market will lessen the likelihood of rate hikes, while continued weakness in commodity markets hit the Aussie dollar. The kiwi dollar weakened 0.8 to 0.7105 against the greenback, a […]