Open interest in crude oil futures markets increased for the fourth straight session at the beginning of the week, now by around 4.5K contracts. Volume followed suit and rose by around 41.5K contracts amidst the broad erratic performance seen as
November 28, 2023
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: Huaming Power Equipment Company LimitedBloomberg ticker: 002270 SZMarket cap: US$1,715mBackground: Huaming Power Equipment Company Limited manufactures and sells power equipment and components.
Weak USD Supporting SilverThe silver market continues to rally today with silver futures on track for their best month since March, currently up more than 14% from the month’s lows and more than 20% off the YTD lows. The move
Image Source: Unsplash Is a stock market correction coming before the Santa Claus rally at the end of the year?It is a fascinating turn in sentiment, given that investors were convinced of the bear market’s return just a month ago. Now,
Boston Scientific Corporation (BSX) develops, manufactures & markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg & Cardiovascular segments. It offers devices to diagnose & treat different medical conditions and offer remote patient management
Image Source: Pixabay At Monday’s stock market close, the Dow Jones Industrial Average (US30) was down by 0.16%, while the S&P 500 Index (US500) was down by 0.20%. The Nasdaq Technology Index (US100) closed negative 0.07% on Monday.Monday’s US economic news was weaker than expected and was
Dogecoin chart analysisYesterday, we saw a bullish impulse in the price of Dogecoin to the 0.08170 level. We encounter resistance in that zone and begin a pullback to the 0.07680 level. Additional pressure on the price is created by the
The EUR/USD price is trading in the green at 1.0948 at the time of writing. The pair is fighting hard to resume its rally as the US dollar remains bearish despite minor rebounds.Yesterday, the greenback took a hit from the
Image Source: Pexels EUR/USD is eyeing the key 1.10 level, but we suspect that any breaks above that level will prove unsustainable as the rates picture remains broadly supportive for the dollar until the US growth picture turns decisively negative. We
At the end of the day, the Australian dollar is at a potentially pivotal point, with market indicators suggesting a build-up of momentum for an upward move. The AUD/USD experienced a significant surge at the beginning of the trading week, momentarily surpassing
