The International Energy Agency (IEA) slashed its forecast for global oil demand for the rest of this year due to the spread of the COVID-19 Delta variant. Key points: New COVID-19 restrictions, particularly in Asia, set to reduce oil usage. Recovery in…
Continue ReadingEurostoxx flat Germany DAX flat France CAC 40 +0.1% UK FTSE -0.1% Spain IBEX flat For the most part, this reflects the tone in US futures, with Dow futures and S&P 500 futures both tepid and flat so far…
Continue ReadingCoinbase — After posting solid second-quarter results for the second time as a public business on Tuesday night, the crypto services company's stock rose 5.4% in noon trade. Coinbase reported earnings of $3.45 per share, exceeding Wall Street expectations, and…
Continue ReadingEuropean FX news roundup: The dollar remains stable ahead of US CPI data. Forex market news from the European trade session on August 11, 2021 The market was quiet as it awaited US CPI data for fresh hints for the…
Continue ReadingGold steady after high volatility in starting of the week Commodities in focus this week After a wild start to the week, Xauusd (Gold) has found support. Trading in the early Asian session on Monday and shattering the crucial support…
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