This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The […]
Crude oil rises on hopes of favourable Fed, OPEC meetings
Crude oil traded higher on Wednesday morning, fuelled by recent data showing signs of recovery in the US economy and market expectations that the US Federal Reserve may not resort to an aggressive interest rate hike later today. At 10 am on Wednesday, April Brent oil futures were at $85.72, up by 0.30 per cent; […]
Crude oil futures marginally down on Iran, Russia factors
Crude oil futures traded marginally lower on Monday morning due to factors such as the drone attack on the Iranian defence facility and the likely increase in the export of crude oil from Russia in February.At 10 am on Monday, April Brent oil futures were at $86.27, down by 0.15 per cent; and March crude […]
GLOBAL MARKETS-Stocks take breather after January surge, Adani plunges in India
LONDON, Jan 27 (Reuters) – World stocks eked out a 5-1/2 month high and the dollar held close to an eight-month low on Friday, as reassuring U.S. economic and inflation data kept the bulls largely in charge ahead of next week’s slate of top central bank meetings.Asia-Pacific shares maintained their best start to a year […]
Crude oil gets a boost from US GDP numbers
Crude oil traded higher on Friday morning following better-than-expected US GDP data in the fourth quarter of 2022. At 10.01 am on Friday, March Brent oil futures were up 0.47 per cent at $87.88, and March crude oil futures on WTI were at $81.38, up by 0.46 per cent. February crude oil futures were trading […]
Crude oil declines as data show rise in US inventories
Crude oil traded lower on Thursday morning as data from an industry body in the US showed an increase in crude oil inventory last week. At 10 am on Thursday, March Brent oil futures were at $83.88, down by 1.29 per cent, and March crude oil futures on WTI were at $78.56, down by 1.55 […]
IEA Sees Global Oil Demand Hitting A Record High In 2023
China’s reopening is set to drive global oil demand to a record high of 101.7 million barrels per day (bpd) this year, up by 1.9 million bpd from 2022, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate for 2023 by 200,000 bpd from 1.7 million bpd growth expected in December. […]
Crude oil gets boost from Chinese demand recovery forecast
Crude oil traded higher on Wednesday morning following hopes of recovering demand in the Chinese market. This followed OPEC’s (Organization of Petroleum Exporting Countries) monthly oil market report’s forecast of demand recovery for crude oil in China. At 10 am on Wednesday, March Brent oil futures were at $86.49, up by 0.66 per cent, and […]
Crude oil rises despite gloomy outlook from WEF
Brent crude oil and MCX futures traded higher on Tuesday morning, though the market mood was overshadowed by the Chief Economists’ Outlook report released at the World Economic Forum (WEF) in Davos. WTI crude oil, however, was down a tad.At 10.03 am on Tuesday, March Brent oil futures were at $84.71, up by 0.30 per […]
Crude oil dips as market waits for demand outlook reports
Crude oil traded lower on Monday morning as investors are now waiting for the demand outlook reports from major industry organisations this week.At 10.01 am on Monday, March Brent oil futures were at $84.76, down by 0.61 per cent, and March crude oil futures on WTI were at $79.42, down by 0.86 per cent. January […]