USOIL Lower Open Due to Trade & Covid Jitters
The commodity opened the new week on the back foot amidst trade worries and China’s commitment to the zero-Covid policy
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The commodity opened the new week on the back foot amidst trade worries and China’s commitment to the zero-Covid policy
During the week of October 31-November 4 European automakers and Chinese EV startups were in the spotlight, along with ride-hailing firm Uber and other corporations from various sectors
The central bank raised rated by 75 basis points, its largest move in thirty-three years, but softened its language as it expects prolonged recession
The US Federal Reserve delivered another 75 bps rate increase and pointed to a moderation in the pace of tightening, but ruled out a pause, sparking two-way action and volatility in markets
The Tesla CEO and Dogecoin supporter is now the sole Director of Twitter, ending a month-long saga over the roughly $billion acquisition deal
The Australian central bank opted again for a miniscule rate hike, despite recent inflation surge and higher 2022 projection
The social media giant registered a slide in both its top and bottom lines during the third quarter, while the segment responsible for delivering the Metaverse posted another loss
BTC/USD is having a good week as sentiment shows improvement and the US Dollar slides, but key data from the US loom
Australian CPI Inflation climbed to the highest levels since 1990 in the third quarter of the year (y/y), helping AUD/USD extend Tuesday’s advance
Oil prices are subdued at the start of this week, unable to get a lift from Monday’s strong Q3 GDP from the world’s second largest consumer
The earnings season picked up this week of October 17-21, with Tesla, Netflix and Snap standing out, ahead of more Tech heavyweights next week
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