Author: FX
eyecrave productions/E+ via Getty Images New York Gov. Kathy Hochul on Thursday approved the Legislature’s bill requiring major polluters that contributed to global warming to pay $75 billion for repairs from major storms and other remediation resulting from climate change. Supporters consider the Climate Change Source link
Let’s continue our recap of the year for the U.S. dollar by breaking down the downtrend we saw in the Greenback between April and September. Source link
The EUR/USD is edging higher, reaching a new daily high while breaking above the 50% midpoint of the trading range since the September 2022 low, which stands at 1.04053 (see daily chart).On the hourly chart, the pair has been oscillating above and below this midpoint over the past five trading days. Following the FOMC decision last Wednesday, the pair fell sharply to a low of 1.0343, just above the November low of 1.03322—the lowest level for the pair since 2022. Last Friday, the price tested Wednesday’s low but found strong buyers, propelling the pair back higher. Friday’s high stalled at…
Are crude oil bears ready to take the reins once again as we approach year-end? Check out these key technical levels we’re watching on the 4-hour time frame! WTI Crude Oil (USOIL) 4-hour Chart by TradingView WTI crude oil prices have been trading within a newly defined range between $67.00 and $71.00, with the commodity now approaching a significant resistance level. With the holiday season approaching and fewer major market catalysts on the horizon, technical factors may play a larger role in short-term price action (barring a major surprise event of course). Remember that directional biases and volatility conditions in…
BRUSSELS (Reuters) – NATO on Thursday called for a full investigation into the cause of an Azerbaijan Airlines plane crash that killed 38 people. “Our thoughts and prayers are with the families and victims of Azerbaijan Airlines flight J28243,” NATO spokesperson Farah Dakhlallah said in a post on the platform X. “We wish those injured in the crash a speedy recovery and call for a full investigation.” Kazakhstan’s senate chairman said earlier on Thursday that the cause of the plane crash was still unknown. An Embraer passenger jet crashed near the city of Aktau in Kazakhstan on Wednesday, killing 38…
S&P 500 futures are down 0.4% with Nasdaq futures down 0.5% and Dow futures down 0.4% as well. Trading conditions are mired by thin liquidity as we are still in the holiday period for markets. Europe is out for the day and so will Canada, leaving only US markets to open later. But during a period like this, don’t expect market players to do much in any case. Not until the new year at least.Coming up though, we do have the weekly initial jobless claims. So, that will add to some intrigue on Christmas week. The S&P 500 itself has…
MOSCOW (Reuters) – Russia sees no point in a weak ceasefire to freeze the war in Ukraine but Moscow wants a legally binding deal for a lasting peace that would ensure the security of both Russia and its neighbours, Foreign Minister Sergei Lavrov said on Thursday. “A truce is a path to nowhere,” Lavrov said, adding that Moscow suspected such a weak truce would be simply used by the West to re-arm Ukraine. “We need final legal agreements that will fix all the conditions for ensuring the security of the Russian Federation and, of course, the legitimate security interests of…
This according to the NPC Standing Committee, as announced yesterday. For now, the agenda is said to encompass “reviewing the government work report, and examining the report on the implementation of the annual plan on national economic and social development for 2024 and the draft plan on national economic and social development for 2025”.Adding to that, there will be the usual budget deliberations for both the central government and local councils.This is typically China’s biggest political event as it will not only set out their goals and targets for the year, but also outline their resolve in achieving them. This…
Dec. 26, 2024 1:09 AM ETEWJ, JEQ, FXI, PGJ, EWH, DXJ, CAF, FXY, USD, GXC, TDF, CHIQ, YINN, YANG, CQQQ, MCHI, CXSE, KWEB, ASHR, KBA, CWEB, BTC-USD, KURE, AS51, NKY:IND, SHCOMP, HSI, SENSEX, AUD:USD, NZD:USD, USD:KRW, JPY:USD, CNY:USD, INR:USD, HKD:USDBy: Meghavi Singh, SA News Editor Nikada Asia-Pacific markets advance on Thursday with light trading volumes due to the holiday break. Investors assess the China’s Ministry of Housing and Urban-Rural Development’s plans to intensify efforts to stabilize and prevent further decline in the property market in 2025. Markets in Source link
At this time of the year, investors often turn their attention to a well-known seasonal trend in the stock market: the “Santa Rally.” This phenomenon, characterized by a rise in stock prices during the final weeks of the year, has captured the interest of traders and investors alike. But what exactly is a Santa Rally, and what factors contribute to this seasonal trend? What is a Santa Rally? The Santa Rally refers to the tendency for stock markets to experience a rise in prices during the last week of December and the first two trading days of January. This period…