Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week’s Federal Reserve health checks, but will be conservative on investor payouts amid economic and regulatory uncertainties, analysts said.
The dollar eased from a near eight-week high on Monday, with traders back on alert for intervention to support the yen after the Japanese currency flirted with the 160 per dollar level that had earlier drawn verbal warnings from Japanese authorities.
“The chief underlying reason behind the price strength … is the growing confidence that global oil inventories will inevitably plunge during the summer in the northern hemisphere,” said Tamas Varga of oil broker PVM, referring to seasonal demand for oil products.
Despite Bitcoin trading at the lower levels of the monthly trading range, the first cryptocurrency is unlikely to have any problems moving upwards, considering the current distribution of liquidity. The provided chart shows that the majority of selling pressure is located far above the $70,000 threshold, and the only thing needed for a reversal right now is…
European equities advanced on Monday, led by gains in automobile and financial stocks, while investor attention focused on the first round of French parliamentary elections later this week.
British retail sales volumes rose 2.9% in May, rising sharply from a revised 1.8% fall in April when heavy rain kept shoppers away, the Office for National Statistics said on Friday.
The dollar rose to a seven-week high against the yen on Thursday, while the sterling and euro fell amid on the U.S. economy is coming off the boil while traders watch for more data bolstering the case for a Federal Reserve rate cut this year.
Crude oil futures were little changed on Friday but were set to rise for a second week amid signs of improving demand and falling oil and fuel inventories in the U.S., the world’s biggest oil consumer.
Bitcoin is finally entering reversal mode, with the price of the first cryptocurrency sliding in above the $65,000 zone. However, it is still moving below key support levels like the 50 EMA and is currently consolidating at the 100 EMA. The most decisive factor for a recovery would be momentum that is not present at this…
The best performers of the session on the S&P/ASX 200 were St Barbara Ltd (ASX:SBM), which rose 7.69% or 0.02 points to trade at 0.21 at the close. Meanwhile, Resolute Mining Ltd (ASX:RSG) added 5.83% or 0.03 points to end at 0.55 and Skycity Entertainment Group Ltd (ASX:SKC) was up 5.47% or 0.07 points to 1.35 in…
