The Australian share market is poised for a firmer start as it takes a cue from last night’s bounce on Wall Street. The Australian SPI 200 futures contract was up +69 points, or +0.97%, at… Read More
The Australian sharemarket ended in a gloomy session, erasing intraday gains as ten out of eleven sectors finished deep in the red. In early trading, the ASX 200 was up modestly to close in on… Read More
Having shown much difficulty surpassing the US$0.7155 resistance level, the negative price action has increased in momentum as the market bears now lean into the support as the US dollar recaptures the 102.00 threshold. Meanwhile,… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices, was little changed after posting a lacklustre performance. Meanwhile, concerns continue over a possible recession vied with an outlook for higher fuel demand… Read More
The precious yellow metal prices weakness extends into the Thursday session after two attempts at the key resistance area of $1,870-80 proved a tough challenge for the bulls. The bears’ numbers increased after the minutes… Read More
Having shown favourable upside potential across the board, crypto markets continue to struggle to regain upward momentum. Meanwhile, Bitcoin’s price action day range has been flat as the market flirts around the US$30,000 handle in… Read More
The Australian sharemarket is poised to open higher for a second day as U.S. stocks on Wall Street end higher after the minutes from the last U.S. Federal Market Open Committee (FOMC) meeting on the… Read More
After a rocky start, the Australian sharemarket ended Wednesday’s session above the waterline thanks to a rally in Financials and Consumer Staples, while Information Technology took another battering after renewed selling overnight on Wall Street…. Read More
The Australian dollar advance extends as its re-tests its weekly highs (and resistance) around US$0.7120-55; as the key events slowly unfold, the US dollar index (US DXY) tumbles to 101.96. The Reserve Bank of New… Read More
West Texas Intermediate (WTI), the benchmark for New York-traded crude oil prices, holds steady after a choppy session as U.S. crude oil inventories unexpectedly rose by 567,000 barrels in May. 19, according to the API… Read More
The precious yellow metal prices edged higher Tuesday as uncertainty lingers about the U.S. economic growth and rising interest rates weighed on the global markets. Meanwhile, investors will be looking for further clues concerning the… Read More
Binance, the global crypto exchange utility token, is on another breakout after capturing the US$330.00 objective now puts the bulls on the path to the grand challenge of US$350.00 to US$355.00. Reassess from there. While… Read More
