The Dollar Is At Highs And The Euro Is Retreating
The US currency closed the week strong, once again confirming its leadership position. Its European rival is rapidly losing ground. According to analysts, EUR/USD will retest parity over time, which…
The FED’s Monetary Policy Is Favorable To The USD
The US currency is under pressure ahead of the release of the US labor market report, albeit with an edge against the European currency. At the same time, the euro…
Newmont Mining: Stock remains firmly in bear hands
The chart at Newmont Mining looks even scarier: The brutal downward trend in the daily chart since the high for the year in April is intact. The stabilization of the…
Gold prices overheated in the short term – Barrick Gold and Newmont Mining in focus
Barrick Gold with relative weaknessCompared to the price of gold itself, the major mining stocks have been relatively weak over the past three weeks and Barrick Gold is no exception.…
The threat of a recession slowed down the rally in commodity markets
Commodities, from grain to oil, are losing ground, and hedge funds are betting on further declines. Commodity prices are falling from all-time highs as investors cancel bullish bets on everything…
Christopher Waller: Fed wants to tame inflation
Federal Reserve Governor Christopher Waller said today he supports a 75 basis point hike in interest rates this month and a smaller 50 basis point increase at the next meeting…
Re/Max Holdings to cut 17% of staff
Re/Max Holdings Inc. (NYSE: RMAX) said late Thursday it expects to cut its workforce by about 17% by the end of the year, mostly technical jobs. A real estate company…
Oil futures fell below $100 a barrel
Oil futures fell sharply on Tuesday as prices fell below $100 a barrel, their lowest level in more than two months. This came under pressure from a stronger US dollar…
Tesla plant near Berlin will go on a two-week break
On Monday, TeslaMag reported that the Tesla (NASDAQ: TSLA) plant near Berlin will take a two-week break from July 11. According to German media, Tesla management believes that the Berlin…
AstraZeneca to acquire biotech company TeneoTwo
Anglo-Swedish drug maker AstraZeneca (NASDAQ:AZN) said it will acquire biotech company TeneoTwo Inc in a deal worth up to $1.27 billion, strengthening its portfolio of blood cancer drugs. It is…