WTI has held in familiar resistance territories ahead of the Federal Reserve.  Most economists in Reuters polls were worried about new variants of the coronavirus. US West Texas Intermediate (WTI) was around 0.6% down into the closing bell on Wall Street as investors fret around the risks in the new global wave of the coronavirus Delta variant to
EUR/USD reverses Monday’s uptick, back below 1.1800. Further retracement could reach monthly lows near 1.1750. EUR/USD failed once again to surpass the key barrier in the 1.1800 neighbourhood, coming under renewed downside pressure afterwards. Spot, in the meantime, flirts with the 2020-2021 line in the 1.1790/85 band. A sustainable break below this zone would be
NYSE:CCIV gained 5.90% on Friday as the broader markets rallied into the weekend. CCIV shareholders showed up on Friday and officially passed the vote to merge. Monday is a big day in the electric vehicle sector.  NYSE:CCIV has officially seen its last day as a SPAC stock on the public markets, as it will now
DXY moves within a rangebound theme in the sub-93.00 area. US 10-year yields grind lower from Friday’s peaks near 1.30%. New Home Sales, Dallas Fed Index next on tap in the US calendar. The greenback, in terms of the US Dollar Index (DXY), alternates gains with losses in levels just below 93.00 the figure at
NZD/USD bears are lurking for the open ahead of the FOMC. Daily prospects are for a downside continuation as commodity-fx suffers dollar strength.  NZD/USD ended the week flat after moving between a high of 0.6992 and a low of 0.6940 as the price consolidated at daily resistance.  ”Things may be less calm this week though,
GBP/USD pares intraday losses, down little around mid-1.3700s GBP/USD attracted some dip-buying on Friday amid a subdued USD price action. The risk-on impulse in the markets acted as a headwind for the safe-haven USD. Rallying US bond yields underpinned the USD and capped the upside for the pair. The GBP/USD pair remained on the defensive
NYSE:CCIV edges lower after cooling optimism among US traders. Lucid’s shareholder vote is set for Thursday, but production questions remain unanswered. Lucid also announces its plans to expand into European markets by 2022. Update July 22: NYSE:CCIV ended Thursday in the red at $22.90, down 2.26% on a daily basis. American indexes struggled to post
What you need to know on Wednesday, July 21: The dismal market mood extended through the first half of Tuesday, improving a bit during US trading hours. Wall Street recovered, as the three major indexes trimmed a good bunch of their Monday’s losses. Nevertheless, the greenback remained strong and managed to post higher highs for