TOKYO: Oil prices climbed on Thursday after a sharp drawdown in US crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end US sanctions on Iranian crude exports. Brent crude futures rose 9 cents, or 0.1%, to
EUR/USD struggles to hold onto the gains in the Asian session. The Euro gains some ground on upbeat economic data. Uptick in US treasury yields underpins the demand in the US dollar. The buying interest in the US dollar keeps EUR/USD edgy on Thursday morning Asian’s session. After testing the high of 1.2263 in late
GBP/USD retreats from intraday high, snaps three-day uptrend. UK’s delayed unlock, Delta Plus fears and Brexit woes probe bulls eyeing hawkish BOE statement. BOE rate, bond purchases likely to remain unchanged. US data, Fedspeak should also be followed for fresh impulse. GBP/USD tilts southward below 1.4000, mildly offered around 1.3960, heading into the key London
USD/CNH remains pressured around intraday low after snapping eight-day uptrend. Market sentiment dwindles amid a lack of major data/events. Fedspeak, stimulus hopes favor buyers versus Sino-American tussles, covid variant woes. USD/CNH bears flirt with intraday low surrounding 6.4760, following the first negative daily closing in nine days, amid early Thursday. The cross-currency pair jumped to
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If you drive in the United States, chances are you can’t remember the last time you bought a paper map, printed out a digital map, or even stopped to ask for directions. Thanks to Global Positioning System (GPS) and the mobile mapping apps on our smartphones and their real-time routing advice, navigation is a solved
For billions of years, Earth has been playing a cosmic game of hide-and-seek. New research published today in Nature posits that roughly 1,700 stars are in the right position to have spotted life on Earth as early as 5,000 years ago. These stars, within 100 parsecs (or about 326 light-years) of the sun, were found
The price of lumber finding some support buying near the 200 day MA today. The price of lumber reached a peak at $1733.50 back in May. Since that time the price has moved sharply lower to a low last week of around $813. That was just below the 61.8% retracement of the move up from the April
Manchin comments to NBC News Comments from Senator Manchin yesterday highlight a path forward on US infrastructure that could involve a bi-partisan infrastructure deal on physical infrastructure coupled with a Democrat-only bill that focuses on what Biden calls ‘human infrastructure’. Manchin is key because he’s a soft Democrat who has insisted on trying to strike
USD/CAD dropped to a weekly low of 1.2251 on Wednesday. Retail Sales in Canada fell at a stronger pace than expected in April. US Dollar Index stays in the negative territory after mixed PMI data. The USD/CAD pair extended its daily slide and touched its lowest level in a week at 1.2251 during the early
Mundane tasks suddenly become extremely complex in space. I spoke with former NASA astronaut Leland Melvin, who flew two missions to space, to learn about how astronauts handle the day-to-day. Here are a few of the highlights. When it comes to everyday, mundane tasks you needed to relearn to do in space, what are some
Tesla shares break $635 in a powerful surge. TSLA had been making slow but steady progress higher but has now charged ahead. $667 above is the next level but the volume profile predicts a struggle. Update: It is nice when things work out and some nice calls on Bitcoin and Tesla this morning have helped reaffirm
Apple shares continue to edge steadily higher on Wednesday. The weekly chart shows a nice triangle breakout. AAPL still far short of record highs, while other FAANG stocks aim for records. Update: Steady she goes is the name of the game for Apple stock on Wednesday as the shares trade barely unchanged. However, the opening
The forex markets continue to stay in sort of risk-on mode today, with weakness in Dollar and Yen, and strength in commodity currencies as led by New Zealand Dollar. Though, traders in other markets are not too committed yet. European indexes are just mixed while US futures point to slightly higher open. There is prospect
The USD is drifting lower with declines vs all majors with the exception of the JPY As North American traders enter for the day, the NZD is the strongest (it was also the strongest yesterday and continues that trend today), and the JPY is the weakest (it was the weakest yesterday as well but is
Years ago, LinkedIn discovered that the recommendation algorithms it uses to match job candidates with opportunities were producing biased results. The algorithms were ranking candidates partly on the basis of how likely they were to apply for a position or respond to a recruiter. The system wound up referring more men than women for open
It was August 2017, and pleasant and breezy in the central mountains of Madagascar. The passengers loading their bags into the minibus leaving Ankazobe, a small town in the highlands, were grateful for the morning coolness. It would be warm and sticky on the trip they were taking to Antananarivo, the island’s million-person capital 100
By Kevin Crowley and Francois de Beaupuy The bosses of some of the world’s biggest oil companies said crude prices are likely to keep rising because a lack of investment will curtail future supply. The chief executive officers of Royal Dutch Shell Plc and TotalEnergies SE joined major commodity traders and banks in predicting that
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