31 May, 2016 by The TZ Newswire Staff Comments Off on ForexLive Americas FX news wrap: Brexit bites pound
ForexLive Americas FX news wrap: Brexit bites pound
Forex news for May 31, 2016
Markets:
– Gold up $10 to $1215
– WTI crude oil down 39-cents to $48.94
– S&P 500 flat at 2098
– US 10-year yields down 1 bps to 1.84%
The month ended with a few twists and turns. A big batch of data, a Brexit poll and a turnaround in oil were the major developments.
31 May, 2016 by The TZ Newswire Staff Comments Off on Amazon soars to new all-time highs—here’s what it could do next
Amazon soars to new all-time highs—here’s what it could do next
Amazon hit all-time highs Tuesday, what’s next for the online retailer?
31 May, 2016 by The TZ Newswire Staff Comments Off on Dursts among donors suggested as mayoral appointees on de Blasio list
Dursts among donors suggested as mayoral appointees on de Blasio list
31 May, 2016 by The TZ Newswire Staff Comments Off on The winners and losers in the month of May
The winners and losers in the month of May
USD gains against all the major currencies in May
The USD is ending the month with gains against all the major currencies.
The greenback was strongest against the AUD – up 4.95% for the month. IN May, the RBA cut rates to 1.75% from 2% on May 3rd. That got the ball rolling to the downside for the AUDUSD.
31 May, 2016 by The TZ Newswire Staff Comments Off on The Case for $50 Oil Solved
The Case for $50 Oil Solved
Oil has almost doubled in price over the past four months, so the Oil glut must be over?! Of course not, the glut remains. A supply glut or shortage is not required for prices to rise and fall and indeed it can be misleading for proper…
31 May, 2016 by The TZ Newswire Staff Comments Off on The Case for $50 Oil Solved
The Case for $50 Oil Solved
Oil has almost doubled in price over the past four months, so the Oil glut must be over?! Of course not, the glut remains. A supply glut or shortage is not required for prices to rise and fall and indeed it can be misleading for proper…
31 May, 2016 by The TZ Newswire Staff Comments Off on A Squeeze Play in the Making
A Squeeze Play in the Making
The suicide squeeze play in baseball is a sight to behold. It is filled with tension because it involves a binary outcome. The runner trying to make it home from third base will either be safe or out. There is no middle ground.