Euro Technical Forecast: EUR/USD Slams into Support at 2020 Lows
Euro has now plunged 7.4% off the yearly high with EUR/USD plummeting into support this week at multi-year lows. The levels that matter on the weekly technical charts.
Voting Opens for Amazons Second Union Election in NY City
April 25 Reuters Amazon.com Inc workers on Monday are set to vote on whether to unionize a second warehouse in the New York City borough of Staten Island as organizing efforts at the retailer gain steam. Employees at the LDJ5 sortation center are weighing whether to join the Amazon Labor Union ALU, a group led by […]
GM, Ford Steer into the Headwinds of Inflation, Rising Tates
DETROIT, April 25 Reuters General Motors Co and Ford Motor Co will report firstquarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January. The farreaching economic impact of the war in Ukraine, grinding supplychain disruptions, inflation and rising U.S. interest rates all pose a threat […]
India to Sell 3.5 Stake in Life Insurance Corp
NEW DELHIMUMBAI, April 23 Reuters The Indian government is looking to sell a 3.5 stake in stateowned insurance behemoth Life Insurance Corporation of India LIC, a senior government and banking source told Reuters on Saturday. The listing is expected to hit the markets in first week of May and details on reservations, discount, issue date […]
Musk Gets Twitter, to Cheers and Fears of Free Speech Plan
NEW YORK, April 25 Reuters Elon Musk clinched a deal to buy Twitter Inc for 44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world39;s richest person. It is a seminal moment for the 16yearold company, which emerged […]
Oil Steadies after Sharp Fall, Focus on China Growth
April 26 Oil prices bounced on Tuesday, steadying after a sharp fall of 4 in the previous session as worries over China39;s fuel demand were soothed by the central bank39;s pledge to support an economy hit by renewed COVID19 curbs. Brent crude futures were at 103.50, up 1.18, or 1.15, and U.S. West Texas Intermediate […]
Oils new Attempt to Break the Uptrend
Following Gold, the uptrend formed in early December is also breaking in oil. Intraday on Monday, the WTI price lost more than 6, recovering about half of the decline on some return of risk appetite in the last couple of hours of the New York session. Nevertheless, as of Tuesday morning, sellers dominated the oil […]
Mexicos Economy Likely Grew 1.1 in First Quarter
MEXICO CITY, April 25 Reuters Mexico39;s economy is thought to have expanded between January and March for the first time in three quarters, driven by domestic consumption and a rebound in exports, a Reuters survey showed on Monday. Gross domestic product GDP is expected to have grown 1.1 in the first quarter from the previous […]
EU Aims to End Use of Russian Oil, Gas by 2027, Gentiloni
MILAN, April 26 Reuters The European Union aims to reduce its dependence on Russian oil and gas by twothirds by the end of the year and to zero by the end of 2027, EU Economic Commissioner Paolo Gentiloni told Il Messaggero daily in an interview published on Tuesday. Gentiloni also said the EU would cut […]
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/JPY
US Dollar bulls continue to drive and DXY has now entered a significant spot of longer-term resistance.