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Big Oil’s Bad Week
Article By:
Robert Rapier
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Thursday, June 3, 2021 8:09 AM EDT
The world’s largest integrated oil and gas companies are the so-called supermajors or more commonly “Big Oil.” In order of descending market capitalization, these companies are ExxonMobil, Chevron, Royal Dutch Shell, TOTAL SE, and BP.
Spain: Running Hot
Article By:
ING Economics
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Thursday, June 3, 2021 8:05 AM EDT
Activity is booming, while price pressures are building. As expected, the situation in the private sector improved markedly and we expect that activity will continue to grow.
US Dollar Index Price Analysis: Recovery Seen Struggling Near 90.50
Article By:
Pablo Piovano
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Thursday, June 3, 2021 7:59 AM EDT
DXY fails to gather serious traction above 90.00. Recent tops near 90.50 emerge as an interim hurdle.
In this article: UUP
EUR/USD: Bullish ABC Testing Key Fibs For Bearish Reversal
Article By:
Chris Svorcik
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Thursday, June 3, 2021 7:53 AM EDT
The EUR/USD made a bearish reversal when testing the previous top.
Dogecoin Elliott Wave Analysis
Article By:
Gregor Horvat
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Thursday, June 3, 2021 7:44 AM EDT
If Cryptos face an even bigger recovery, then BTC can see a flat correction in wave 4, while ALTcoins could be already on the way up within wave C.
In this article: DOGE-X
Rates Spark: An Unstoppable Force Meets An Unmovable Object
Article By:
ING Economics
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Thursday, June 3, 2021 7:29 AM EDT
The ECB can attempt to maintain the current equilibrium but this will result in more demand being displaced to high yielding alternatives.
When You Aren’t Actually A Central Bank, Part 2: The Stubborn Deflation
Article By:
Jeffrey P. Snider
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Thursday, June 3, 2021 7:20 AM EDT
Ever since March 2020, GFC2, Federal Reserve officials from Jay Powell on down have been busy patting themselves on the back for their splendid performance during last year’s big event.
In this article: IEF
Russian Wealth Fund To Slash US Dollar Holdings To Zero - Reinvest In EUR, Gold, And Yuan
Article By:
Nick Cawley
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Thursday, June 3, 2021 7:13 AM EDT
Russia’s Finance Minister said today that the country’s wealth fund will slash its US dollar holdings to zero, in the latest move by Russia to reduce the country’s exposure to the greenback.
GBP/JPY Bullish POC As The Price Is Going Up
Article By:
Nenad Kerkez
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Thursday, June 3, 2021 7:06 AM EDT
The GBP/JPY is in uptrend. I expect buying the dips scenario.
USD: Shift In Technicals Backed By Cycle
Article By:
Ivan Delgado
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Thursday, June 3, 2021 7:03 AM EDT
The pieces of the puzzle as it relates to both technicals and cycle analysis appear to be coming together. Keep reading if you'd like to find out why we may be on the cusp of a cyclical shift in the US Dollar performance.
The Grief Pandemic Will Torment Americans For Years
Article By:
Global Economic Intersection
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Thursday, June 3, 2021 6:54 AM EDT
With nearly 600,000 in the U.S. lost to COVID-19 - now a leading cause of death - researchers estimate that more than 5 million Americans are in mourning, including more than 43,000 children who have lost a parent.
NIO Stock Price Could Pass $50 According To Citi Analyst
Article By:
InvestorsAlley
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Thursday, June 3, 2021 6:23 AM EDT
Nio (NIO) could run well above $50 a share again. For one, EV sales like those from NIO show no sign of slowing. The U.S. just pledged to reduce emissions by up to 52% over the next several years.
How To Use Simple Risk Control For Stocks Like AMC
Article By:
Michele Schneider
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Thursday, June 3, 2021 6:08 AM EDT
Once a stock goes flying, it seems as though everyone wants a piece of the action. Of course, it might be fun to be a part of a big move, but it can also be extremely dangerous to take a trade in something going parabolic.
In this article: AMC Also: LIT, IBB, QQQ, DBA, DIA, GLD, IWM, JNK, KRE, SLV, SMH, SPY, TLT, UGA, USD, VBK, VXX, XLU, XOP, XRT, MJ
Why The PRO Act Is Critical
Article By:
Robert Reich
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Thursday, June 3, 2021 5:53 AM EDT
According to the Labor Department’s Occupational Safety and Health Administration, Amazon warehouse workers sustained nearly double the rate of serious injury incidents last year as did workers in non-Amazon warehouses.
In this article: AMZN